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Radiation Detection Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Radiation Detection Market – (By Product – Radiation Monitoring Post, RI Monitors, Radiation Detector and Analyzers, Portable Radiation Survey Meters and Others; By End User – Healthcare, Homeland Security and Defense, Nuclear Power Plants and others; By Detection Type - Gas-filled Detectors, Scintillators, Solid-state Detectors; and By Region) – Industry Dynamics, Market Size, Opportunity and Forecast to 2030

  • Published On: 07-Jan-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0122116
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Radiation Detection Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 1,703.0 Mn
Expected Revenue in 2030US$ 2,649.2 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Mn)
CAGR5%
Segments coveredBy Product, By End-users,  and Region
Key CompaniesFuji Electric, HORIBA, Ltd., Hamamatsu Photonics K.K., Azbil Corporation, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Radiation detectors are a type of equipment that detects the presence of radiation which is harmful for an individual. It is used to aid in preventing exposure to radiation. 

The radiation detection market is valued at US$ 1,703 Mn in 2021.

The radiation detection market is estimated to experience a phenomenal growth in revenue of US$ 946.2 during 2021-2030.

The radiation detection market is segmented into four broad categories namely by product type, by end user, by detection type and by region.

The study period for the radiation detection market is 2017-2030.

Portable radiation survey meters segment is the leading product type segment in the radiation detection market.

Two key factors driving the global radiation detection market are: - 1) Increasing security threats and growing government spending 2) Increasing safety concerns post nuclear disaster

Growing use of nuclear energy alternatives such as renewable energy is challenging the radiation detection market.

Proposed growth in the number of nuclear power plants will drive the future growth of the radiation detection market.

North America hold the highest market share of 35.2% in 2021.

Asia Pacific is estimated to grow highest with a CAGR of 5.7% by 2030. 

Fuji Electric, HORIBA, Ltd., Hamamatsu Photonics, Mitsubishi Electric group, Fortive Corporation, Thermo Fisher Scientific and IBA Worldwide among others.

Restrictions imposed due the coronavirus pandemic somewhat impacted the supply chain of the global radiation detection market. Travel restriction and shortages of raw materials, including plastics, metals, glass, and electronics, hampered production.

Primary and secondary research was undertaken, and further PESTLE Analysis and Porter’s Five Forces Analysis were conducted to identify strengths, weaknesses and potential threats. 

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