Global Geiger Counter Market 2017-2021

Geiger counter market outlook

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.

Geiger counter market trends

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.

Geiger counter market analysis: Competitive landscape and key vendors

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.

 Geiger counter market key player

• Ludlum Measurements
• Mirion Technologies
• Thermo Fisher Scientific            

Geiger counter market size based on end-users

• Healthcare
• Industrial
• Defense and law enforcement

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.

Geiger counter market forecast based on geographical segmentation

• Americas
• APAC
• EMEA

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global Geiger counter market?
• What are the key market trends impacting the growth of the global Geiger counter market?
• What are the challenges to market growth?
• Who are the key vendors in the global Geiger counter market?
• What are the market opportunities and threats faced by the vendors in the global Geiger counter 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 the global Geiger counter market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Scintillator Market 2016-2020
• Global Nuclear Medicine Market 2016-2020
• Global Nuclear Decommissioning Market 2016-2020
• Global Radiation Detection and Monitoring Market 2017-2021