HYDERABAD, India, March 5, 2015 /PRNewswire/ --
The Chemical, Biological, Radiological Nuclear and Explosive (CBRNE) materials when released into environment are considered as Hazardous Materials (HAZMAT) and the devices used to detect these materials are called as CBRNE detection equipment. The CBRNE detection equipment are available in portable, handled, mounted system types. Portable systems and handled devices have high demand among armed forces and first responders. Mounted and fixed systems are used majorly in industries and laboratories. As the threat may be from any of the type, there are devices for chemical, biological, radiological & nuclear and explosive detection. Application of the CBRNE equipment is based on the type of system, type of end user and the threat type. As per IndustryARC analysis the global CBRNe equipment market revenue was $8.2 billion in 2014, and is estimated to grow at a CAGR of 5.1% till 2020.
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In CBRNE equipment market, the number of existing players is limited but they have sufficient potential of diverse product lines that serve the need of this market. The majority of the customers in this space are the government bodies like army, defense, emergency responders, and so on who involve in long term contracts with the company. The manufacturers should be able to estimate the changes in the CBRNE market, the government regulations, currency changes, and so on as the contractual agreements, tenders can be drawn out over an extended period. In the last four years, the major CBRNE incidents in countries like Afghanistan, the U.S and Syria were the consequence of using chemical agents. The global chemical detection market revenue is expected to reach $3.5 billion by 2020.
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Need for new products for early monitoring of nuclear and radioactive materials and to control illicit trade
Monitoring and controlling the illicit trade of nuclear and radioactive materials are the major challenges for the government as the resources are limited. Nuclear and radioactive materials are small in size and can be transported easily, if continuous tracking is not done. The illicit trade of these materials can be considered at the top bracket of the black market, and the tracking or detection can be done via cargo detection, baggage screening, and vehicle detection. There are multiple detectors available in the market such as spectrometers, unmanned vehicles, reconnaissance vehicles, training simulators, emergency and first response systems, radiation detectors, standoff and standalone systems, and hazmat suits and protective clothing. The Hazmat suits and protective clothing has a market share around 20% in global revenue and 74.0% in global volume as of 2014. Radiation detectors accounted for 16% of the revenues and 13.4% of the volumes of the global CBRNe detection equipment market in 2014.
As per the Institute for Science and International Security (ISIS), countries including China, India, Pakistan, and North Korea are the expected areas where trade through black market channels is conducted to maintain or to improve their nuclear arsenals. This can be controlled by early tracking, strengthening export security, building awareness, and through sting operations. Either way, the detectors play a vital role, since they are the only source to identify and give alarm signals. Hence, with the latest technological developments, it is acceptable that the government can overcome this challenge.
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Among recent developments, product developments stood as the major activity with 35 new products launched in the market from 2010 to 2014. Among the key players, Agilent invested more in R&D and had 8 product launches in last 3 years. Morpho and iRobot together had 11 recent contracts. Morphix and FLIR have 7 developments individually in which Morpho has more product launches, whereas FLIR has more of contracts. Introducing the new products, thereby exploring new contracts will widen the scope of business in this industry.
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Sanjay Matthews
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