Global Radiation Detection and Monitoring Market 2017-2021

Overview of the global radiation detection and monitoring market

The global radiation detection and monitoring market is anticipated to grow at a steady rate and post a CAGR of more than 5% during the forecast period. The increasing usage of radiation in manufacturing industries will drive the growth prospects for the global radiation detection and monitoring market until the end of 2021. Some of the major manufacturing industries that increasingly use radiation for various purposes include food processing plants, fluorescent lamp and radio luminous product manufacturing plants, metal industries, and paper manufacturing industries and textile industries. Some of the other factors that fuel the consumption of radiation detection and monitoring equipment are the increasing awareness among the employers and workers regarding the health hazards associated with radiation exposure. Furthermore, the use of radiation in manufacturing industries to test the quality of steel in vehicles, check for flaws in jet engines, locate and quantify oil and natural gas, and measure and monitor the thickness of paper and sheets will also fuel the growth of the market.

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market in the forthcoming years. One of the major factors responsible for the market’s growth in the region is the growing number of nuclear power plants in the region.

Competitive landscape and key vendors

The global radiation detection and monitoring market is highly competitive and diversified due to the presence of a large number of local and international vendors across the globe. These vendors are increasingly competing against each other based on factors such as new product launches, additional features such as background noise calibration, and providing dosimetry services for end-user industries such as homeland security, health care, and nuclear power.

Key vendors in this market are -

• Mirion Technologies
• Thermo Fisher Scientific
• LANDAUER
• Ludlum Measurements

Other prominent vendors in the market include Arrow-Tech, FLIR Systems, Fuji Electric, International Medcom, John Caunt Scientific, Polimaster, Radiation Detection Company, Rapiscans Systems, RAE Systems, S.E. International, and Ultra Electronics Nuclear Control Systems.

Segmentation by end-user and analysis of the radiation detection and monitoring market

• Healthcare
• Defense and law enforcement
• Industrial

The healthcare segment accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. One of the major factors responsible for the market segment’s growth is the increasing application of radiation detection in the healthcare industry such as radiation therapy and nuclear medicine.

Segmentation by product type and analysis of the radiation detection and monitoring market

• Dosimeters
• Area monitors
• Survey meters

The dosimeters segment accounted for the maximum market share during 2016 and will continue to dominate the market for the next four years. One of the major factors responsible for the market segment’s growth is its wide range of applications in border security, nuclear power plants, healthcare, and manufacturing plants.

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 radiation detection and monitoring market?
• What are the key market trends impacting the growth of the global radiation detection and monitoring market?
• What are the challenges to market growth?
• Who are the key vendors in the global radiation detection and monitoring market?
• What are the market opportunities and threats faced by the vendors in the global radiation detection and monitoring 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 radiation detection and monitoring market?

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Related reports:

• Global Radiation Detection Products Market 2016-2020