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Chemical, Biological, Radiological, and Nuclear (Cbrn) Security Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 ā€“ 2021

  • Date Submitted: 09/18/2015 01:39 AM
  • Flesch-Kincaid Score: 17.9 
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According to a new market report published by Transparency Market Research ā€œChemical, Biological, Radiological, and Nuclear (CBRN) Security Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021,ā€ global chemical, biological, radiological, and nuclear (CBRN) security market was valued at US$9.13 bn in 2014, expanding at a CAGR of 3.8% from 2015 to 2021 to account for US$11.92 bn in 2021.

Browse the full Chemical, Biological, Radiological, and Nuclear Security Market report at http://www.transparencymarketresearch.com/cbrn-security-market.html

The CBRN security market is primarily driven by escalating demand for effective CBRN incident combat equipment globally. The increasing importance for the security and safety of civilian lives during CBRN incidents caused either naturally, artificially, or intentionally is boosting the demand for CBRN security worldwide. The CBRN security systems and equipment facilitate the armed troops and civilians by providing effectiveness and accuracy in protection, detection and decontamination of the harmful agents during CBRN attack situations.

In terms of segmentation by types, the nuclear security segment held the highest revenue share accounting for more than thirty percent of the overall market in 2014. With the increasing threats from terrorist organizations, the requirement for chemical and biological security is also escalating at substantial rate globally. In terms of functions, the decontamination equipment segment, detection equipment segment and protection equipment segment are evaluated to be growing at significant rates worldwide. The simulation systems segment is currently growing at a slower pace; however, this segment is expected to gain pace over the forecast period from 2015 to 2021.

Geographically, North America lead the global CBRN security market with market revenue share more than thirty percent in 2014 and is expected to continue its dominance throughout the forecast...

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