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The CBRNE Detection Equipment Market is expected to reach $12.98 billion by 2023

Published By: IndustryARC Published On : 06-Sep-2018
According to the new market research report by IndustryARC titled “CBRNE Detection Equipment Market: By Detection (Chemical, Biological, Gas, Narcotics, Others); By System (Radiation Detectors, Spectrometers, Simulators, Others);  By Type(Handheld and Man Portable Detectors, Installed Detectors, Mass Spectrometers, Laboratory Equipment, Safety wear ); By Capability (Critical Infrastructure Protection, Environmental Health, Explosive Device Response, Operations, Intelligence and Information Sharing and Dissemination, Counter-Terror Investigation and Law Enforcement, Laboratory Testing, Emergency Public Safety and Security Response, WMD and Hazardous Materials Response and Decontamination ); Use (Military and Forces, Commercial & Logistics , Academics and Research, Others); By Geography- (2018-2023)", the market is driven by the growth of CBRNE incidents across the world and the need for security. 

Browse 92 Market Tables, 179 Figures spread through 216 slides and an in-depth TOC on “CBRNE Detection Equipment Market (2018 - 2023)

Americas dominates the CBRNE Detection Equipment Market during the forecast period 

Americas has the largest share in the CBRNE Detection Equipment Market. It is expected to reach $1.5 Billion by 2023 at a CAGR of 5.1%. The US is the main country which is the top CBRNE equipment manufacturer and is also a consumer of CBRNE equipment. Middle Eastern and African regions are also growing rapidly. Americas and Europe hold 59.0% of the total market share. 
In the Asia Pacific, countries like China, India, South Korea, and Syria are the emerging economies in the region. 

Selected / Sample Analysis done in the full Report:

The commercial and logistics security segment is the fastest growing segment with a huge demand for the CBRNE equipment. This segment is related to harbors, airports, transportations malls, shopping malls, and other commercial locations, where import and export takes place. Illicit trading has become a major problem nowadays, since explosive transportation is a part of it. Hence, commercial and logistics security is needed for continuous monitoring at vulnerable places. 

Baggage screening and metal detection are done with CBRNE detection in the airports. Tracking and checking exports for weapons made of nuclear and radiological material are the activities in harbor and rail transport.  Fixed, mounted, and standalone detections are used in these places since surveillance is required for 24/7. 

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Excerpts on Market Growth Factors

The need for detecting CBRNE materials is the main factor driving the CBRNE Detection Equipment Market. Since the post damage attack costs are high, in terms of death and loss of property, it is necessary to follow precautions for avoiding the CBRNE attacks. 

Protective equipment is required for end users like the defense industry, first responders, and persons related to law enforcement. To protect themselves and others from threats, these end user industries require more sensitive equipment.  . This factor is slated to drive the growth of CBRNE detection technologies in the coming years. 

All national governments have strict regulations for the device manufacturers of CBRNE equipment to protect its civilians’ life, health, and property. This factor also elevates the demand for CBRNE equipment. 

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Key players of the CBRNE Detection Equipment Market

The key players of the CBRNE Detection Equipment Market include Thermo Fisher, Smiths, Bruker, Environics, and Drager. They manufacture chemical detectors such as FirsDefender RM, HazMatlD Elite, Tracer III-V/III-SD, ChemPro100i and X-am 2000. 

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