Global Scintillator Market 2016-2020

Overview of the global scintillator market

According to the market research analysts at Technavio, the global scintillator market will grow steadily and will post a moderate CAGR of more than 5% over the forecast period. With increasing homeland security measures, the global market for scintillators is anticipated to have a positive outlook in the coming years. The emergence and proliferation of terrorist organizations around the world have led to an unbalanced global geopolitical climate. Thus, security and defense organizations across the globe are striving hard to tighten their homeland security to prevent human loss. For instance, post the September 2001 terrorist attacks, the Department of Homeland Security in the US has emphasized the requirement of materials that can detect radioactive substances to prevent radiological attacks. This has resulted in the augmented use of scintillator detectors in homeland security equipment to detect radiation from the source.

One of the emerging trend spurring this market’s growth prospects is the increasing number of nuclear plants, especially in countries like China and Russia. These countries are planning to construct over 60 nuclear reactors over the next four years. Most of the upcoming plants are located in Asia due to the presence of fast-growing economies and a significant shortage of electricity in the region. Therefore, with the growing number of nuclear power plants in this region, the demand for radiation detectors will increase, and will, in turn, translate into the demand for scintillators until the end of 2020.

Segmentation by type and analysis of the scintillator market

• Organic scintillators
• Inorganic scintillators

The inorganic scintillator segment dominated the global scintillator market and is expected to reach more than USD 337 million by 2020. The inorganic scintillator segment comprises materials such as cesium iodide, NaI, and galactooligosaccharides, which are undergoing significant technological advances because of the growing importance of homeland security in nations across the globe. These technological advances have also increased the use of inorganic scintillators in the healthcare, industrial, and nuclear power plant environments.

Geographical segmentation and analysis of the scintillator market

• Americas
• APAC
• EMEA

In terms of geography, the Americas dominated the global scintillator market and accounted for a market share of more than 40% during 2015. Factors such as the state-of-the-art homeland security measures in the US, the presence of numerous nuclear power plants, and the use of radiation therapy to cure cancer are likely to contribute to this market’s growth in the Americas.

Competitive landscape and key vendors

The global scintillator market is highly fragmented due to the presence of several local and regional vendors offering similar products. The leading vendors combine solutions and provide customers with an integrated offering at cost-effective prices, which increases market competition and affects the market position of small vendors. The market is also characterized by massive R&D investments and government funding for research institutions as raw material procurement and innovations are critical for the market growth.

Key vendors in this market are -

• Canberra Industries
• Hamamatsu Photonics
• Hitachi Metals
• Ludlum Measurements
• Mirion Technologies
• Radiation Monitoring Devices
• Saint-Gobain
• Zecotek Photonics

Other prominent vendors in the market are Argus Imaging, Rexon Components, Scintacor, SCINT-X, Siemens, and Toshiba Materials.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving global scintillator market?
• What are the key market trends impacting the growth of global scintillator market?
• What are the challenges to market growth?
• Who are the key vendors in global scintillator market?
• What are the market opportunities and threats faced by the vendors in global scintillator market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of global scintillator market?

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