Chemical, Biological, Radiological, and Nuclear Security Market Chemical, Biological, Radiological, and Nuclear (C

Chemical, Biological, Radiological, and Nuclear
(CBRN) Security Market - Global Industry
Analysis, Size, Share, Growth, Trends and
Forecast 2015 - 2021
The rising incidence of terrorist attacks globally has compelled nations to up their
existing defense systems. Government organizations and armed forces have been
collaborating with private organizations to design and develop innovative security
devices. Transparency Market Research, therefore forecasts the demand for
chemical, biological, radiological, and nuclear (CBRN) security to surge considerably
across nations witnessing rising terror threats. The market is also expected to gain
impetus from the rising geopolitical issues between neighboring nations.
The evidences of procurement of CBRN equipment by terrorist organization for mass
destruction will further compel nations and armed forces to deploy advanced CBRN
security systems. Spurred by these factors, the global CBRN security market is
expected to expand at a positive 3.8% CAGR between 2015 and 2021.
The global CBRN security market stood at US$9.13 bn in 2014 and is expected to
reach US$11.92 bn by the end of 2021.
View Report @ http://www.transparencymarketresearch.com/cbrn-security-
market.html
Growing Readiness to Combat Terrorist Outfits Fuels Demand from Nuclear Security
Segment
By type, the global CBRN market can be segmented into chemical, biological,
radiological, and nuclear security. Of these, the nuclear security segment led the
market in terms of revenue, holding a share of 36.09% in 2014. Nuclear threat has
emerged as one of the major concerns globally. Evidence of terrorist group
recruiting nuclear experts, procuring nuclear materials, and developing nuclear
weapons for mass destruction has driven investments in nuclear security. Security
forces and governments worldwide have been adopting various initiatives to
prevent nuclear attacks, which fuels sales opportunities for the CBRN security
system manufacturers.
Furthermore, several developed countries have agreed upon dismantling their
nuclear weapons to avoid recurrence of accidental nuclear accidents such as in
Fukushima and Chernobyl. Contrary to this, developing countries such as India and
Pakistan are increasing their weaponry owing to mounting border disputes.
Therefore, developing countries such as these are increasing investment in