The Radiation Detection Market

Radioactive radiations are a risk to human life when they are exposed for longer period of time. They can cause various hazardous diseases if exposed for a longer period of time. For those who work in the radioactive area, immensely require a device or a gadget which is capable of detecting, analyzing, and monitoring of these radioactive radiations. Such devices are called as radioactive detectors. The market is continuously driven by regulatory needs and evolving customer requirements. The increased use of radioactive materials in areas, such as power production, industrial processing, research and processing, and the security sector, intensified the requirement for equipment providing protection against radioactive radiations. The increased stability of manufacturing industries is projected to augment the growth of the radiation detection market during the forecast period. Usage of radiography testing in the manufacturing industry to test the quality of manufactured goods and to inspect flaws is also anticipated to boost the growth of the radiation detection market. In addition, the rising incidence of cancer is leading to high awareness, associated to the harmful impact of radiation. Government and environmental protection agencies are implementing rules and regulations and imposing restrictions on radiation levels. Moreover, the exposure to radiation has evolved as a common occurrence in the industrial sector. Manufacturers use radioisotopes to enhance the quality of goods across number of industrial facilities across the world. Automobile and aircraft manufacturers and mining and oil companies are among the most vital industries using radioactive materials in their manufacturing processes and products. Meeting IEC standards, supporting healthcare professionals to reach the target of decreased exposure of radiations has been among the propelling factors. On the other hand, the alternatives for nuclear energy such as renewable energy will hinder the market growth.

Moreover, countries spend majorly in the development of nuclear weapons and facilities, which is projected to enhance the adoption of radiation detection. As per the Federation of American Scientists, the United States and Russia are among the countries with the highest number of nuclear weapons as of May 2019. Furthermore, the research and development in this market is projected to fuel its prospects as new applications and capabilities emerge in radiation detection products for medical, homeland security & defense and nuclear power plants.

The global Radiation Detection Market is segregated on the basis of Type as Ionization chambers, Geiger-muller counters, Inorganic scintillators, Proportional counters, Semiconductor detectors, Organic scintillators and Diamond detectors. Based on Application the global Radiation Detection Market is segmented in Healthcare, Homeland security and defense, Nuclear power plants, Industrial applications, Environmental monitoring and Academic research. Based on Sales Channel the global Radiation Detection Market is segmented in Manufacturer/Distributor/Service Provider and Aftermarket.

The global Radiation Detection Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Radiation Detection Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Alpha Spectra, Ludlum Measurements, Micron Semiconductor, Mirion Technologies, Nucleonix Systems and others are among the major players in the global Radiation Detection Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In 2021, AMETEK launched the new strong RADEAGLET-R, the latest generation of scintillation hand-held radioisotope identification devices (RIIDs).
• In 2021, Mirion Technologies, Inc. acquired Sun Nuclear Corporation, which exists in over 100 countries. This acquisition was intended to empower the Mirion’s position in the market.
• In May 2021, Radiation monitoring systems inaugurated at Queen Alia, Amman Civil airports in Jordan. Canadian government has funded this project as part of an agreement to improve the Kingdom’s capabilities in the area of nuclear security at a budget of CAD 4.5 million out of a dual agreement between the two governments which is worth CAD 30 million dedicated to improving Jordan nuclear security infrastructure.
• In July 2020, General Atomics Electromagnetic Systems (GA-EMS) declared a contract from Dominion Energy to provide Radiation Monitoring Systems for the Millstone Power Station, Unit 3.

The global Radiation Detection Market has been segmented as below:

Radiation Detection Market, By Type

• Ionization chambers
• Geiger-muller counters
• Inorganic scintillators
• Proportional counters
• Semiconductor detectors
• Organic scintillators
• Diamond detectors

Radiation Detection Market, By Application

• Healthcare
• Homeland security and defense
• Nuclear power plants
• Industrial applications
• Environmental monitoring
• Academic research

Radiation Detection Market, By Sales Channel 

• Manufacturer/Distributor/Service Provider
• Aftermarket

Radiation Detection Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Radiation Detection Market, By Company

• Alpha Spectra
• Ludlum Measurements
• Micron Semiconductor
• Mirion Technologies
• Nucleonix Systems
• Amray Group
• Ametek
• Arktis Radiation Detectors
• Arrow-Tech
• Atomtex
• Bar-Ray
• Bertin Instruments
• Centronic
• Fortive
• Fuji Electric
• Iba Worldwide
• Infab Corporation

The report covers the below scope:

• Global Radiation Detection Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Radiation Detection Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Radiation Detection Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Radiation Detection Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Radiation Detection Market share. Major industry players with significant revenue share include Alpha Spectra, Ludlum Measurements, Micron Semiconductor, Mirion Technologies, Nucleonix Systems and others.

Why to Buy this Report:

• Gain detailed insights on the Radiation Detection industry trends
• Find complete analysis on the market status
• Identify the Radiation Detection Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement

1.      Introduction

1.1.       Key Points

1.2.      Report Description

1.3.      Markets Covered

1.4.      Stakeholders

2.     Research Methodology

2.1.      Research Scope

2.2.     Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology

2.2.2.1.           Secondary Research

2.2.2.2.          Primary Research

2.2.2.3.          Models for Estimation

2.3.     Market Size Estimation

2.3.1.     Bottom-Up Approach

2.3.2.    Top-Down Approach

3.     Executive Summary

4.    Market Overview

4.1.      Introduction

4.2.     Drivers

4.3.     Restraints

4.4.     Opportunities

4.5.     Challenges

5.     Radiation Detection Market, By Type

5.1.      Key Points

5.2.  Ionization chambers

5.3.  Geiger-muller counters

5.4.  Inorganic scintillators

5.5.  Proportional counters

5.6.  Semiconductor detectors

5.7.  Organic scintillators

5.8. Diamond detectors

6.    Radiation Detection Market, By Application

6.1.      Key Points

6.2. Healthcare

6.3. Homeland security and defense

6.4. Nuclear power plants

6.5.  Industrial applications

6.6. Environmental monitoring

6.7.  Academic research

7.     Radiation Detection Market, By Sales Channel

7.1.      Key Points

7.2.  Manufacturer/Distributor/Service Provider

7.3.  Aftermarket

8.    Competitive Landscape

8.1.      Introduction

8.2.     Start-up companies- Radiation Detection Market

8.3.     Recent Developments

8.3.1.     Mergers & Acquisitions

8.3.2.    New Product Developments

8.3.3.    Portfolio/Production Capacity Expansions

8.3.4.    Joint Ventures, Collaborations, Partnerships & Agreements

8.3.5.    Others

9.    Company Profile

9.1.  Alpha Spectra

9.2. Ludlum Measurements

9.3. Micron Semiconductor

9.4. Mirion Technologies

9.5.  Nucleonix Systems

9.6. Amray Group

9.7.  Ametek

9.8. Arktis Radiation Detectors

9.9. Arrow-Tech

9.10.    Atomtex

9.11.      Bar-Ray

9.12.    Bertin Instruments

9.13.     Centronic

9.14.    Fortive

9.15.     Fuji Electric

9.16.    Iba Worldwide

9.17.     Infab Corporation