Upsurge in Terrorist Activities Compelling Nations to Strengthen Chemical, Biological, Radiological, and Nuclear (Cbrn) Security, Reports Tmr

Both investments and the prevailing competition in the global chemical, biological, radiological, and nuclear (CBRN) security market are rapidly increasing. According to a new report by Transparency Market Research (TMR), the increasing budget allocation for defense and rising investments by security contractors will make the CBRN security market progressively more attractive in the long-term. This will in turn attract new players with innovative CBRN devices into the market.

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Some of the established players such as Argon Electronics (U.K.) Ltd., Blücher GmbH, Bruker Corporation, and FLIR Systems, Inc., have collaborated with armed forces and government organizations to design and develop advanced CBRN devices. The companies boasting strategic collaboration with government bodies currently enjoy a stronger presence in the global CBRN market. TMR forecasts that investments by companies operating in emerging economies such as India, Japan, China, Brazil, and Israel in novel technologies will intensify the existing competition.

Rising Threat of Terror Attacks Makes Investments in CBRN Security Imperative

The growing frequency of terrorist strikes worldwide has compelled governments and armed forces to invest in advanced military devices that will allow them to prevent potential CBRN attacks. Such increasing threats of terror attacks have obliged military organizations around the world to train themselves for CBRN attack response operations.

“The existing geopolitical issues between neighboring countries has increased the possibility of CBRN attacks. This is a primary factor fuelling demand for adequate CBRN security,” observed the TMR report’s author. Besides this, various countries are taking initiatives to reduce their weaponry and military strengths in line with international disarmament treaties. Consequently, demilitarization requires the deployment of...