Global Cbrn Security Market to Grow Steadily to Us$11.92 Bn by 2021

Chemical, Biological, Radiological and Nuclear (CBRN) security includes the protective and preventive measures to combat situations which involve these hazardous agents. CBRN security is a growing market worldwide owing to the concerns for protection of civilian lives and maintenance of economic stability. Threats from terrorist organizations and geo-political issues are the primary drivers of the global CBRN security market. The leading countries in the CBRN security market include the U.S., Russia, the U.K. and China among others.

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The countries such as India, Japan, South Korea, France, Germany, Saudi Arabia, Israel and South Africa are expected to generate further demand for CBRN security in the recent future. With increasing initiatives of demilitarization such as reduction of CBRN weapons stockpile and growing investments in the CBRN resistance technologies, the CBRN security products are expected to be developed by the manufacturers with better effectiveness, detection capabilities, and rapid decontamination functions. Moreover, the industry encounters several major restraints such as the soaring expenditure in research, design and development of CBRN security equipment, which has high impact presently and restricts the growth of the market. However, the impacts of these factors are expected to reduce over the period of forecast.

In this report, the market has been segmented based on type, function and geography. It also includes drivers, restraints and opportunities (DROs). The study highlights current market trends and provides the forecast from 2014 to 2021. The report covers the current market scenario for CBRN security and highlights future trends that could affect the demand for the same. The global CBRN security market is anticipated to observe a sturdy growth from 2015-2021 at a substantial CAGR.

By geography, the market has...