IMS “cuts confusion” and values CBRNE market at $US925m
IMS research cuts through forecast confusion with the most accurate measurement of the global CBRNE Detection Market
A raft of conflicting market sizes and forecasts to identify the true market value of CBRNE detection equipment is a real problem for suppliers of chemical, biological, radiological, nuclear and explosives (CBRNE) detection equipment. But the latest homeland security insights from IMS Research delivers a new approach to accurately define and quantify the global market for CBRNE detection equipment which is valued at $925 million in 2011.
IMS Research defines the CBRNE market in terms of equipment sales across five major end-user industries including aviation, critical infrastructure, emergency response, military and ports and borders. Each product type plays a role in every industry, but identifying the key differences is the best way to truly understand this market.
“Military personnel and first responders prefer rugged portable products over fixed equipment types as these are difficult to use in the field,” says Justin Siller, analyst at IMS Research. “The ports and borders vertical has a major interest in using large portals to scan trucks, cars and containers for the presence of radioactive materials, and hand-held identification devices to pin-point the exact threat. In critical infrastructure, “fixed” products are generally used. These buildings tend to have a high concentration of people and are home to high profile individuals who need to be protected, and only fixed products truly offer continuous monitoring.”
Big picture analysis can be valuable but its use is limited, as in most instances the devil is in the detail. When assessing market research, it is important to consider the following:
• How rigorous is the research methodology and where has data been sourced?
• Which products have been included / excluded from the analysis?
• At what point in the supply chain has the market been measured?
For further information on IMS Research’s new report titled The World Market for CBRNE Detection Equipment please contact IMS Research.
Contact
www.imsresearch.com
