Global CBRN Defence Market to Reach $8.7bn in 2013 According to Latest
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Monday, Sept 1, 2014


Global CBRN Defence Market to Reach $8.7bn in 2013 According to Latest Study

The market for defence against chemical, biological, radiological and nuclear threat is set to reach over $8.7bn in sales in 2013, new research has calculated. Defence analysts at business intelligence provider say that global spending on radiation and chemical warfare agent detectors, protective CBRN suits and decontamination systems are expected to rise by 8% on their 2012 levels.

With budgets under pressure in America as sequestration still looms on the horizon and withdrawal from foreign commitments becomes a reality, areas of growth in defence spending are few and far between. In Europe states are struggling to stay out of recession and public expenditure is being slashed. In this context the report ‘Global CBRN Defence Market 2013-2023’:Chemical, Biological, Radiological & Nuclear Detection Equipment examines how manufactures are making the most of a surprisingly buoyant CBRN outlook and investigates the range of factors driving demand amongst governments.

The report examines the prospects for further growth in the market, producing detailed ten-year budget forecasts for the 20 leading countries and outlining the products, services and strategies of 30 of the most successful companies in the CBRN defence market.

The analyst responsible for the company’s CBRN research summarised the findings of the report “Despite continued downward pressure on CBRN defence budgets on both sides of the Atlantic, we’re seeing evidence that spending in the market is continuing to grow. This is partly due to the entrenched nature of CBRN defence spending in the biggest national markets; spending growth has been so strong in the past that large sums can be ‘saved’ from future budgets while nonetheless maintaining budget increases year to year. This means that any decline in American emphasis on CBRN defence will be felt only extremely gradually.

In addition to this cushion on slowing CBRN growth, many emerging economies are increasing their spending on CBRN defence exceptionally quickly. Whether by improving the protective equipment available to their military or by implementing the surveillance and contingency planning necessary to host international events, countries like India, China and Brazil will all contribute to strong growth in the global CBRN defence market.

An unfortunate further driver of CBRN defence spending in 2013 is likely to be the continuing collapse of the Syrian state, whose stockpiles of chemical weapon agent are of increasing concern to the country’s neighbours.”

The report has 186 pages and contains 238 tables, charts and graphs to explain trends and market projections within the CBRN defence market. As well as a global outlook, the study provides forecasts and analysis for 20 leading national markets (plus the ‘Rest of the World’ market) and 4 global submarkets for the period 2013-2023, CBRN Detection, CBRN Protection, CBRN Decontamination and CBRN Simulation. The report also provides profiles of 30 leading companies operating in the CBRN defence market worldwide and an interview with leading company Environics UK.

The Global CBRN Defence Market 2013-2023: Chemical, Biological, Radiological & Nuclear Detection Equipment report is an invaluable reference for current and future investors in CBRN detection, simulation, protection and decontamination technology, as well as to companies and researchers who need to quickly understand the direction of both market and policy.The market for defence against chemical, biological, radiological and nuclear threat is set to reach over $8.7bn in sales in 2013, new research has calculated. Defence analysts at business intelligence provider say that global spending on radiation and chemical warfare agent detectors, protective CBRN suits and decontamination systems are expected to rise by 8% on their 2012 levels.

With budgets under pressure in America as sequestration still looms on the horizon and withdrawal from foreign commitments becomes a reality, areas of growth in defence spending are few and far between. In Europe states are struggling to stay out of recession and public expenditure is being slashed. In this context the report ‘Global CBRN Defence Market 2013-2023:Chemical, Biological, Radiological & Nuclear Detection Equipment examines how manufactures are making the most of a surprisingly buoyant CBRN outlook and investigates the range of factors driving demand amongst governments.

The report examines the prospects for further growth in the market, producing detailed ten-year budget forecasts for the 20 leading countries and outlining the products, services and strategies of 30 of the most successful companies in the CBRN defence market.

The analyst responsible for the company’s CBRN research summarised the findings of the report “Despite continued downward pressure on CBRN defence budgets on both sides of the Atlantic, we’re seeing evidence that spending in the market is continuing to grow. This is partly due to the entrenched nature of CBRN defence spending in the biggest national markets; spending growth has been so strong in the past that large sums can be ‘saved’ from future budgets while nonetheless maintaining budget increases year to year. This means that any decline in American emphasis on CBRN defence will be felt only extremely gradually.

In addition to this cushion on slowing CBRN growth, many emerging economies are increasing their spending on CBRN defence exceptionally quickly. Whether by improving the protective equipment available to their military or by implementing the surveillance and contingency planning necessary to host international events, countries like India, China and Brazil will all contribute to strong growth in the global CBRN defence market.

An unfortunate further driver of CBRN defence spending in 2013 is likely to be the continuing collapse of the Syrian state, whose stockpiles of chemical weapon agent are of increasing concern to the country’s neighbours.”

The report has 186 pages and contains 238 tables, charts and graphs to explain trends and market projections within the CBRN defence market. As well as a global outlook, the study provides forecasts and analysis for 20 leading national markets (plus the ‘Rest of the World’ market) and 4 global submarkets for the period 2013-2023, CBRN Detection, CBRN Protection, CBRN Decontamination and CBRN Simulation. The report also provides profiles of 30 leading companies operating in the CBRN defence market worldwide and an interview with leading company Environics UK.

The Global CBRN Defence Market 2013-2023: Chemical, Biological, Radiological & Nuclear Detection Equipment report is an invaluable reference for current and future investors in CBRN detection, simulation, protection and decontamination technology, as well as to companies and researchers who need to quickly understand the direction of both market and policy.

Source : ASDReports - Market Research

Published on ASDNews: Jan 31, 2013

 

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