Strategic Defence Intelligence recently released a new research study titled "The Global CBRN Market 2013-2023 - Competitive Landscape and Strategic Insights: Market Profile" that estimates an increase in the CBRN defense market.
The CBRN market settled around $8.8 billion at the end of 2013. The SDI report predicts that the market will have stable growth at approximately 4.2 percent compound annual growth rate and surpass $13.69 billion by 2023.
The report offers a detailed, in-depth analysis of the global CBRN market with regard to the competitive landscape. It looks at market size, international market segments, profiles of the top international markets and the predicted top producers by 2023.
The report, which is on sale online at Market Publishers for $2,500, offers a detailed listing of how each country and organization ranks in the global CBRN market. The report also offers detailed information on leading companies' performance, strategic alliances, financial statuses and decision-making processes.
The report highlights some of the leading CBRN producers in the world, including Argon Electronics, FLIR Systems, Blucher GmbH, Smiths Detection, Avon Rubber PLC and Federal Resources. The report also notes that the U.S. and Europe have the highest defense expenditures in the world.
The report predicts that the CBRN market will continue to steadily increase to meet emerging threats from the Middle East and Asia-Pacific regions. The report also predicts that CBRN protective equipment will comprise the majority of the CBRN market share in the upcoming decade.