Report Highlights
- Global market for Explosion, chemical, biological, and nuclear (ECBN) hazard monitoring and auxiliary equipment reached $89.6 billion in 2008. This market increased to $98.3 billion in 2009. It is projected to reach to $191.1 billion in 2014 at a compound annual growth rate (CAGR) of 14.2%
- Personal protective equipment market was nearly $6.3 billion in 2008; this further increased to $6.7 billion in 2009, this is projected to reach $12.4 billion in 2014, for a 5-year CAGR of 13.1%.
- Decontamination equipment market was $6.1 billion in 2008; this further increased to approx $7.3 billion in 2009, this is projected to reach $12.5 billion in 2014, for a 5-year CAGR of 11.4%.
INTRODUCTION
- Accident
- Terrorism
- War or war-like situations
Classifications of hazard causes and means to avoid or MINIMIZE them
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Classification
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Possible Causes
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Means to Avoid or Minimize
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Accident
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Accidental leak of a chemical agent; accidental release of biological agent; accident in a nuclear plant; natural disaster
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Provision of monitoring devices to detect and warn of possible hazard; provision of decontaminating equipment in case of such accidents along with prior precautionary measures such as using personal protective equipment
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(continued)
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Classification
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Possible Causes
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Means to Avoid or Minimize
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Terrorism
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Release of chemical or biological agent or nuclear radiation with intention to harm a community or nation for some ideological, religious, or political reason
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Provision of monitoring devices in airports, ports, critical industrial establishments, and places where large numbers of people gather for sport events or concerts; provision of decontamination equipment and trained personnel with necessary protective equipment to tackle such hazards
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War or war-like situations
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Territorial expansion, border disputes, or ambition to capture profitable assets from another nation
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Possible negotiations between concerned nations to avoid such hazards and preparations in the form of monitoring equipment, decontamination equipment, and trained personnel
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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 Highlights
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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.
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ICAO regulations to be effective globally in 2006 will spur growth.
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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.
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Expenditures in the U.S. in 2002 were designed to give U.S. airports 100% baggage screening capability.
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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.
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Developments include efficient, low-cost nuclear radiation and biological agent detectors that make these technologies practical for use in numerous applications.
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