Wellesley, MA (PRWEB) August 18, 2013
According to a new technical market research report, SURVEILLANCE AND MONITORING OF EXPLOSIVE, CHEMICAL, BIOLOGICAL AND NUCLEAR HAZARDS (SAS005D), from BCC Research (http://www.bccresearch.com), the market for surveillance and monitoring of ECBN (Explosive, Chemical, Biological, and Nuclear) hazards was valued at $148.3 billion in 2012 and is expected to reach $169.5 billion in 2013. The report forecasts total market value to surpass $387.9 billion in 2019, after increasing at a five-year compound annual growth rate of 14.9%.
The demand for radiation/nuclear hazard monitoring equipment increased dramatically after the Chernobyl disaster in Russia in 1986. The industry for monitoring these hazards continued to grow after a number of significant global hazard events. Some of the major events that impacted the growth of the industry include the terrorist acts of September 11, 2001 and the earthquake and tsunami-induced disaster at the Fukushima nuclear power plant in Japan in 2011.
The employment or threat of explosives, chemical, biological, radiological, and nuclear weapons including toxic industrial materials presents serious challenges to peaceful countries worldwide. The deadly, destructive, and disruptive effects of these weapons and materials demand continuous vigilance by all concerned, and every country must train for and remain prepared to face the threat they pose.
BCC Research’s new report shows how the past few years have seen enormous advances in exciting and promising new technologies designed to detect and monitor ECBN hazards and to protect the personnel who must deal with them. The ECBN industry is characterized by equipment production that is moving steadily towards one size fits all and combination equipment that can detect a growing number of substances in the ECBN hazard spectrum.
BCC Research in its published report has completed an in-depth analysis of the three major sectors in this report: ECBN hazard monitoring, decontamination, and personal protective equipment. The largest and fastest growing of these segments is ECBN hazard monitoring. This segment’s size and growth is linked to significant global events.
In addition to these global events, BCC Research has identified a number of forces driving the growth of the ECBN hazard surveillance and monitoring market. These market influencers include the rise in public and private funding outlay for research and development, improving technology and function, government legislation of areas such as airports, embassies, oil fields and nuclear power plants. Additionally, the government is also encouraging the demand for hazard protection by implementing biometric markers in passport.
This new report from BCC Research is intended to serve as a valuable resource for all personnel involved in the production and marketing of various types of monitoring equipment, researchers working in the development of new technologies for monitoring various ECBN hazards, and for manufacturers of different types of sensors used in monitoring equipment. The report will also find favor with military strategists and civil defense planners who prepare for eventualities caused by ECBN hazards.