REPORT HIGHLIGHTS
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The global market for NBC and explosive device detection increases from $1.7 billion in 2006 to an estimated $2.0 billion by the end of 2007. It should reach $3.5 billion by 2012, a compound annual growth rate of 11.3%.
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Between the public and private sectors, nearly $58 billion was spent on security equipment in 2006. This market will generate approximately $82 billion in annual revenues by 2012.
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Many governments now have laws requiring the use of biometric markers in passports and other identification papers. Passage of these laws and other forces are driving increased activity in the biometric safety market.
REPORT SCOPE
INTRODUCTION
The NBC weapons detection and monitoring systems market has increased in importance due to ongoing terrorist threats.
BCC Research first surveyed this market in 2000, and did so again in 2003. Governments, both in North America and abroad, have emphasized the importance of this technology by supporting various R&D projects. Due to ongoing changes, BCC Research has completed an updated analysis of this market.
SCOPE OF STUDY
This report contains:
- Descriptions of current technology for the detection of chemical, biological, nuclear and explosive devices
- The current market status for weapons detection and electronic monitoring devices and forecasts for growth through 2012
- A discussion of the increased use of weapons detection by major cities and local law enforcement, as well as by foreign governments
- An examination of the increased use of weapons detection by private businesses
- Information about major companies in the field, their products and commercial industry.
INFORMATION SOURCES
BCC Research obtained data from U.S. government agencies, industry trade associations, international trade groups, and current financial statements.
ANALYST CREDENTIALS
Kecia Brown has a B.S. in Chemistry, and a Master of Public Health degree with a concentration in epidemiology and biostatistics. She is the author of several BCC Research technology market studies.