PRZOOM - /newswire/ -
Palo Alto, CA, United States, 2006/09/26 - New analysis from Frost & Sullivan World Chemical and Biological Detector Markets, earned revenues of $710.1 million in 2006 and estimates to reach $952 million in 2011.
While chemical detection units have expanded their capabilities to include non-warfare agents such as toxic industry chemicals (TIC) and toxic industry materials (TIM), warfare agents are still the greatest driving force in this market. The Sept. 11, 2001 terrorist attacks had a lasting impact on U.S. security and while the threat perception, which followed 9/11 has substantially subsided, the threat of the United States being attacked using chemical warfare agents continues to drive this market.
New analysis from Frost & Sullivan World Chemical and Biological Detector Markets, earned revenues of $710.1 million in 2006 and estimates to reach $952 million in 2011.
If you are interested in a virtual brochure, which provides manufacturers, end-users and other industry participants an overview of the latest analysis of the World Chemical and Biological Detector Markets – then send an email to Tori Foster – Corporate Communications at tori.foster[.]frost.com with the following information: your full name, company name, title, telephone number, fax number and email. Upon receipt of the above information, an overview will be sent to you via email.
The U.S. military accounts for the largest portion of chemical and biological detection equipment spending. Lower costs for the military and uniformity across all the branches are the result from consolidation of money in fewer programs.
The Department of Defense (DoD) represents the majority of chemical and biological detection spending, and within the Joint Program Executive Office for Chemical and Biological Defense (JPEOCBD), cooperation is the way of the future. This type of consolidation locks up a vast portion of the market, which makes growth more difficult.
“The DoD is the largest purchaser of chemical and biological detection equipment,” says Frost & Sullivan Senior Homeland Security Analyst Matthew Farr. “Consolidating the majority of their programs into a few very large programs, limits the available market for other manufacturers.”
Companies must transform their products and make them integral to any organization’s arsenal. Companies must position them as time saving tools, which allow them to quickly identify an unknown substance, thereby saving countless man-hours. Security alone will not be enough to entice an organization, outside the military, to spend the considerable amount of money needed to procure these products.
“The chemical and biological detection market has slowed considerably in recent years,” says Farr. “This, however, presents a great opportunity to transform ones products and marketing strategy.”
World Chemical and Biological Detector Markets is part of the Aerospace and Defense subscription, which includes research in the following markets: explosive detection, federal homeland security market and border security. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
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World Chemical and Biological Detector Markets / F606-16