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U.S. Chemical Biological and Nuclear Detection MarketsPublished by: Frost & Sullivan Published: Nov. 6, 2006 - 84 Pages Table of Contents
AbstractResearch OverviewThis Frost & Sullivan research service on U.S. Chemical Biological and Nuclear Detection Markets provides an overview of the trends and forecast in the CBN detection markets, along with the complete analysis of various drivers and challenges that impact the growth potential of the market. Market Sectors Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
Government’s Liberal Spending Increases Revenue of Chemical, Biological, and Nuclear Detection Markets In the wake of the September 11, 2001 attacks and the subsequent anthrax scare, there was a rapid and indiscriminate rise in spending on chemical, biological and nuclear (CBN) detection equipment. However, once the dust settled on these incidents, the investors - especially the government departments - became more prudent about spending on threat detection equipment. The government is the single largest spender on threat detection equipment with departments such as the Department of Defense (DOD) and Department of Homeland Security (DHS) installing detection systems in all critical buildings. "Certain areas and zones have been identified as high-risk areas and the government initiatives are concentrated more strongly in these areas," says the analyst of this research service. "Large government contracts for procuring advanced and efficient detection mechanisms to be installed in buildings have helped both large and small manufacturers in the market to increase their revenues." Having reached the early maturity stage, the North American CBN detection market is currently experiencing steady growth. Technological Sophistication to Counter the High Costs of Ownership of CBN Detection Devices Despite the increasing need to possess CBN detection equipment, several end users shy away from investing in them due to the huge costs of training and maintenance and high rates of false alarm. Apart from these concerns, manufacturers also need to contend with the price competition in the market. They are looking to solve these issues by improving product efficiency in order to lower the rate of false positives and are also adopting cost-effective manufacturing procedures. Currently, many manufacturers are participating in certification programs to win customer confidence and establish their position in the market. "Continuous innovation to develop more advanced and sensitive detection techniques and greater public awareness about the importance of installing detection products will further boost the market," notes the analyst. Manufacturers today need to educate the end users about how the timely detection of CBN agents in the air supply or heating, ventilation, air conditioning (HVAC) systems can help avert disasters and widespread damage of valuable life and information. These awareness campaigns can go a long way in buoying market revenues. Get Full Details About This Report >> |
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