Chemical, Biological, Radiological, and Nuclear Security Market Chemical, Biological, Radiological, and Nuclear (C | Page 2

adequate security structure in order to prevent the occurrence of nuclear accidents
in the future. This will in turn fuel demand from the nuclear security segment of the
CBRN security market.
In 2014, the chemical security segment held the second-largest share in the market.
During the forecast period the demand from the biological security segment is
expected to decline. The radiological segment is also expected to lose its market
share through the course of the forecast period.
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Presence of Large Number of CBRN Security Device Manufactures Seals North
America’s Domination
Regionally, North America held the largest share in the global CBRN security market
in 2014, followed by Europe. Several CBRN security original equipment
manufacturers (OEM) are located in North America, who supply products to military
organizations and law enforcement agencies around the world. This is a primary
factor fuelling demand from the North America CBRN security market. Additionally,
the increasing threats from terrorist organizations are driving the deployment of
CBRN security systems in Europe.
However, TMR projects Asia Pacific to report the fastest growth as a regional market
for CBRN security during the forecast period. The arms race among nations such as
India, China, and Pakistan is indirectly fuelling demand for advanced CBRN security
equipment in Asia Pacific. Additionally, the CBRN security market in Asia Pacific will
also gain impetus from various initiatives undertaken by emerging nations to
modernize their medical and military facilities. As per TMR, this regional market is
expected to report a CAGR of 4.6% between 2015 and 2021.
Some of the most prominent companies operating in the global CBRN security
market are Argon Electronics (U.K.) Ltd., General Dynamics Corporation, AirBoss
Defense, Inc., FLIR Systems, Inc., Bruker Corporation, and Thales Group.
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