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Safety And Security

Surveillance and Monitoring of Explosive, Chemical, Biological and Nuclear Hazards

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REPORT HIGHLIGHTS

  • The total worldwide market for NBC and explosives detection is estimated to be $1.2 billion in 2003. Rising at an AAGR (average annual growth rate) of 21.4%, thismarket is expected to reach nearly $3.2 billion in 2008.
  • ICAO regulations to be effective globally in 2006 will spur growth.
  • Following investment in 2002 of more than $1 billion, the 2003 market in the U.S. isestimated at $125 million, and is expected to climb to $143 million in 2008.
  • Expenditures in the U.S. in 2002 were designed to give U.S. airports 100% baggage screening capability.
  • Explosive detectors for aviation accounted for nearly 90% of the monies spent in 2002 and will continue to account for about 56% of the funds spent in 2008.
  • Developments include efficient, low-cost nuclear radiation and biological agent detectors that make these technologies practical for use in numerous applications.

SUMMARY FIGURE
CURRENT AND PROJECTED U.S. AND WORLD DEMAND FOR NBC AND EXPLOSIVE DETECTION TECHNOLOGY, 2001-2008
($ MILLIONS)
Source: BCC, Inc.