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According to the Geiger counter market analysis, the global Geiger counter market will witness steady growth and will post a moderate CAGR of more than 6% during the forecast period. The increasing demand for Geiger counters from the defense and law enforcement sectors is a significant factor driving the Geiger counter market growth. As radioactive materials pose significant threats to military and defense personnel in areas of conflict, defense and law enforcement agencies require radiation detection and measuring equipment including Geiger counters to eliminate the potential risks of nuclear attacks. Moreover, increasing instances of terrorist attacks are also driving the increased adoption of Geiger counters in the military and defense sectors. As Geiger counters help detect and seize radioactive materials, manufacturers are offering specific radiation counters that are designed to meet military and defense standards.
One of the Geiger counter market trend gaining significant traction in the Geiger counter market is the introduction of smart connectivity features in Geiger counters. The majority of vendors are focussing on offering Geiger counters with connectivity to the web and mobile applications to enhance the product’s performance and network. There are various types of mobile apps available, which can enhance the product’s performance by data logging and radiation tracking. Moreover, several vendors are also offering products with USB and Bluetooth connectivity, which will positively impact the growth of the radar detector market over the next four years.
The Geiger counter market is characterized by the presence of intense competition due to the presence of numerous well-established vendors. The majority of vendors are capturing the market by acquiring companies that specialize in offering radiation services to specific sectors such as medical or nuclear power. Also, the vendors are focusing on new product launches to maintain their position in the market and capture various end-users. The radiation monitor vendors compete on the basis of new product launches, additional features such as background noise calibration, long lasting batteries, and provision of user-friendly options for end-user industries such as defense and law enforcement, healthcare, nuclear power, academia and research, and transportation.
In terms of revenue, the industrial segment led the radar detector market during 2016 and will continue its dominance in the future. The growth of this segment is attributed to the increasing demand from a wide range of industries including oil and gas, nuclear power plants, and manufacturing.
In terms of geography, the Americas led the global Geiger counter during 2016 and is anticipated to lead the market until the end of 2021. The growth of this market in the Americas is because of the augmented demand for Geiger counters from homeland security, military, and defense sectors in the US. Nuclear terrorism is the most immediate threat to global security and, therefore, the country is focusing more on nuclear detection. These tasks require radiation detection and measurement, which is provided by Geiger counters. As Geiger counters offer quick detection and are portable, the radar detector market is likely to have a positive outlook in the Americas in the coming four years.
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Related reports
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
Tags: radiation detection, homeland security, lab equipment, lab instruments, geiger counter market share, geiger counter market trends,
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