Radiation Detection and Monitoring Equipment Market by Product, Type and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 170 SKU: IRTNTR43166

Radiation Detection and Monitoring Equipment Market Analysis Report 2023-2027

The Radiation Detection Monitoring Equipment Market size is forecasted to increase by USD 1,661.03 million with a a CAGR of 7.57% between 2022 and 2027. The growth of the market depends on several factors, including demand from healthcare facilities, increasing use of radiation monitoring in different industries, and regulations mandating the use of this equipment. Products that are instruments used to detect, identify, and monitor specific forms of radiation (such as alpha, beta, gamma, and neutron) in nuclear power, environmental, industrial, medical, and security applications. They are also used by first responders in safety and security situations and for worker safety in nuclear power stations and other industrial facilities.

The report extensively covers market segmentation by product (dosimeters, survey meters, area monitors, and others), type (detection, monitoring, and safety), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

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Radiation Detection and Monitoring Equipment Market Dynamics:

Market Driver

Demand from healthcare facilities is the key driver for the growth of the global radistion monitoring euipment market. There is an increase in demand for equipment in healthcare facilities due to the rising use of radiation-based equipment in the diagnosis and treatment of various health problems. According to the World Health Organization (WHO), 37 million nuclear medicine procedures are carried out, and 7.5 million radiotherapy treatments are given worldwide.

In addition, organizations such as the International Atomic Energy Agency (IAEA) have taken initiatives to ensure patients treated with radiation beams receive the correct doses. Even the Center for Devices and Radiological Health (CDRH) In the US is taking initiatives to protect workers and patients from hazardous or unnecessary radiation exposure from radiation-emitting electronic products. The revised rules also specify that the radiation dose of every CT exam must be recorded and that high radiation dose incidents must be evaluated against the industry benchmarks. These factors are expected to drive the growth of the global radition monitoring equipment market during the forecast period.

Market Trends

Service contracts for equipment is the primary trend in the market.  The US Department of Energy and Department of Defense (DoD) and large private nuclear power plants have their own in-house radiation measurement services. However, several facilities, such as small and medium-sized hospitals, and medical and dental offices, do not have adequate resources to procure and maintain radiation detection and monitoring services. Hence, such users prefer to enter into service contracts with service providers such as LANDAUER.

Moreover, by partnering with radiation detection and monitoring service providers, facilities have some key advantages, such as mitigating capital investment and eliminating the need to recruit, train, and manage qualified professionals to conduct radiation surveys and analyze the data. These service contracts are beneficial to service providers also as the agreements generally have a high renewal rate. Companies such as LANDAUER have been focusing on expanding their radiation detection services into new international markets. Such factors are expected to

Market Restrain

The high cost of equipment is the major challenge to the growth of the radiation detection euipment market. Owing to an increase in demand for equipment from nuclear power plants, scrap metal recycling facilities, fracking and oil and gas exploration companies, and various other industrial end-users. Radiation workers at these nuclear facilities also require radiation monitoring instruments to accurately measure the dose of radiation that they receive while working near equipment containing instruments to ensure that the radioactive sources in the equipment are not leaking and giving off hazardous radiation levels.

Moreover, radiation detection and monitoring are also increasingly gaining prominence in defense and homeland security. Security personnel need fast-responding radiation monitoring to track the illicit or inadvertent movement of materials. Radiation detection equipment is also needed for surveillance at national borders and coastlines owing to the rising incidents of smuggling of radioactive sources. Without proper equipment, the accidental melting of a source can contaminate an entire factory. Such applications of radiation monitoring equipment are expected to drive the growth of the global market during the forecast period.

Radiation Detection and Monitoring Equipment Market Segmentation By Product Segment

The market share growth by the dosimeters segment will be significant during the forecast period.  A dosimeter is a small radiation monitoring device that measures an individual accumulated ionizing radiation dose that is obtained from external sources in order to evaluate the potentially harmful health effects of radiation. These devices are routinely used in occupational radiation environments in the nuclear industry. Dosimeters can be further classified into electronic personal dosimeters (EPDs), self-reading dosimeters, and processed dosimeters.

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The dosimeters segment showed a gradual increase in the market share of USD 1,481.43 million in 2017 and continued to grow by 2021. They are less precise than electronic dosimeters and do not have alarm capabilities. Radiochromic devices are suitable for applications where they are needed to provide real-time dose information on a large scale and at a lower cost. Owing to the increasing demand for dosimeters from various end-users, dosimeters are increasingly being required to independently verify the quantity of the dose delivered during radiation treatments to improve patient safety and quality of care. More than eight out of ten hospitals in the US use dosimeter badges for radiation monitoring to protect their staff who work around or with radiation-emitting devices. Such factors are expected to drive the growth of the dosimeters segment of the global radiation detector and monitoring equipment market during the forecast period.

Survey meters are portable, handheld ionizing radiation measurement instruments used to detect and measure external or ambient ionizing radiation fields. The pulses of light are counted electronically and displayed as a count rate or exposure rate. Scintillation counters are used extensively as they can be manufactured at low costs, offer optimal quantum efficiency, and determine the energy and intensity of incident radiation. Unlike other commercially available handheld instruments such as EPDs and alarming personal radiation detectors (PRDs), survey meters are primarily made for conducting radiological surveys. Hence, they are increasingly being adopted to conduct radiological surveys in industrial, medical, and scientific facilities. Such factors are expected to drive the growth of the survey meters segment of the global radiation detection and monitoring market during the forecast period.

Market Segmentation By Type

The detection and monitoring segment of the global Market is expected to be dominated by North America and Europe. These regions have a well-established healthcare infrastructure and a large number of nuclear power plants. In addition, the presence of a large number of defense and security organizations in these regions, and the rising demand in the healthcare industry is due to the rising incidence of cancer and other diseases that require radiation therapy.

Furthermore, the increasing use of nuclear medicine in the diagnosis and treatment of diseases, and the rising number of nuclear power plants being built around the world. due to the need to ensure the safety of workers and the public from radiation exposure. the rising demand in the defense and security industry is due to the growing threat of nuclear terrorism is also expected to drive the growth of the global detection and monitoring segment of the market during the forecast period.

Radiation detection and monitoring equipment segment includes alarm systems that provide audible and visual alerts when radiation levels exceed thresholds level. These alarms help to ensure the safety of personnel by immediately notifying them of potential hazards. Some advanced radiation detection equipment includes features to calculate radiation doses based on the measured radiation levels and exposure time. This shielding helps to maintain the accurate and reliable performance of the equipment while ensuring operator safety. Such factors are expected to drive the growth of the safety segment of the global Market during the forecast period.

Regional Overview

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APAC is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Owing to the strong presence of key vendors, increasing adoption of technologically advanced radiation monitoring equipment, and increasing demand from various end-users, such as the healthcare and nuclear industries the US and Canada account for the majority of market share in the region. The US DHS is funding initiatives for the development of radiation detection materials and related technology as well as various radiation montioring concepts, approaches, and techniques.

Furthermore, The Canadian government has launched the Radiation Detection System (RDS) Project, which is expected to replace three fleets of detectors currently in service. Various organizations in this region, such as the Canadian Nuclear Safety Commission and the US Nuclear Regulatory Commission (NRC), have set limits on how much radiation the public and nuclear energy workers can receive. In order to comply with such regulations, end-users in this region are increasingly adopting radiation measurement equipment. Such factors are expected to drive the growth of the regional Market during the forecast period.

In 2020, the spread of the COVID-19 pandemic outbreak affected this region mainly the US due to restricted lockdowns.  However, in 2022, with the large vaccination drives conducted by the governments, the lifting of lockdowns helped in the resumption of various business activities, such as electronic equipment manufacturing. Such factors are expected to drive the growth of the regional Market during the forecast period.

Market Customer Landscape

The industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Market Companies?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • AMETEK Inc.: The company offers radiation detection and monitoring equipment such as High Purity Germanium Detectors, and Silicon Charged Particle Detectors.
  • Arktis Radiation Detectors Ltd.: The company offers radiation detection and monitoring equipment such as MODES_SNM.
  • CNIM SA: The company offers radiation detection and monitoring equipment such as Precellys Evolution, tissue homogenizer, InCellis, and a Smart cell imaging system.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:

  • ATOMTEX SPE
  • Berkeley Nucleonics Corp.
  • Cobham Ltd.
  • Dynasil Corp. of America
  • ECOTEST
  • Fortive Corp.
  • Furukawa Electric Co. Ltd.
  • Honeywell International Inc.
  • International Medcom Inc.
  • James Fisher and Sons Plc
  • LAURUS Systems
  • Ludlum Measurements Inc.
  • Mirion Technologies Inc.
  • PCE Holding GmbH
  • Polimaster LLC
  • Radiation Detection Co.
  • Thermo Fisher Scientific Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The Market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook (USD Million, 2017 - 2027)
    • Dosimeters
    • Survey meters
    • Area monitors
    • Others
  • Type Outlook (USD Million, 2017 - 2027)
    • Detection
    • Monitoring
    • Safety
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

 

Radiation Detection and Monitoring Equipment Market Scope

Report Coverage

Details

Page number

170

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.57%

Market growth 2023-2027

USD 1,661.03 million

Market structure

Fragmented

YoY growth 2022-2023(%)

6.12

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 33%

Key countries

US, China, Japan, Germany, and France

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AMETEK Inc., Arktis Radiation Detectors Ltd., ATOMTEX SPE, Berkeley Nucleonics Corp., CNIM SA, Cobham Ltd., Dynasil Corp. of America, ECOTEST, Fortive Corp., Furukawa Electric Co. Ltd., Honeywell International Inc., International Medcom Inc., James Fisher and Sons Plc, LAURUS Systems, Ludlum Measurements Inc., Mirion Technologies Inc., PCE Holding GmbH, Polimaster LLC, Radiation Detection Co., and Thermo Fisher Scientific Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market industry across North America, Europe, APAC, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of market vendors

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global radiation detection and monitoring equipment market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global radiation detection and monitoring equipment market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Dosimeters - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Dosimeters - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Dosimeters - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Dosimeters - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Dosimeters - Year-over-year growth 2022-2027 (%)
    • 6.4 Survey meters - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Survey meters - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Survey meters - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Survey meters - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Survey meters - Year-over-year growth 2022-2027 (%)
    • 6.5 Area monitors - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Area monitors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Area monitors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Area monitors - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Area monitors - Year-over-year growth 2022-2027 (%)
    • 6.6 Others - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Product
      • Exhibit 50: Market opportunity by Product ($ million)
      • Exhibit 51: Data Table on Market opportunity by Product ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 52: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 54: Chart on Comparison by Type
      • Exhibit 55: Data Table on Comparison by Type
    • 7.3 Detection and monitoring - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Detection and monitoring - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Detection and monitoring - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Detection and monitoring - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Detection and monitoring - Year-over-year growth 2022-2027 (%)
    • 7.4 Safety - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Safety - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Safety - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Safety - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Safety - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 64: Market opportunity by Type ($ million)
      • Exhibit 65: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 107: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 AMETEK Inc.
              • Exhibit 119: AMETEK Inc. - Overview
              • Exhibit 120: AMETEK Inc. - Business segments
              • Exhibit 121: AMETEK Inc. - Key offerings
              • Exhibit 122: AMETEK Inc. - Segment focus
            • 12.4 Arktis Radiation Detectors Ltd.
              • Exhibit 123: Arktis Radiation Detectors Ltd. - Overview
              • Exhibit 124: Arktis Radiation Detectors Ltd. - Product / Service
              • Exhibit 125: Arktis Radiation Detectors Ltd. - Key offerings
            • 12.5 Berkeley Nucleonics Corp.
              • Exhibit 126: Berkeley Nucleonics Corp. - Overview
              • Exhibit 127: Berkeley Nucleonics Corp. - Product / Service
              • Exhibit 128: Berkeley Nucleonics Corp. - Key offerings
            • 12.6 CNIM SA
              • Exhibit 129: CNIM SA - Overview
              • Exhibit 130: CNIM SA - Product / Service
              • Exhibit 131: CNIM SA - Key offerings
            • 12.7 Cobham Ltd.
              • Exhibit 132: Cobham Ltd. - Overview
              • Exhibit 133: Cobham Ltd. - Product / Service
              • Exhibit 134: Cobham Ltd. - Key news
              • Exhibit 135: Cobham Ltd. - Key offerings
            • 12.8 Dynasil Corp. of America
              • Exhibit 136: Dynasil Corp. of America - Overview
              • Exhibit 137: Dynasil Corp. of America - Product / Service
              • Exhibit 138: Dynasil Corp. of America - Key offerings
            • 12.9 ECOTEST
              • Exhibit 139: ECOTEST - Overview
              • Exhibit 140: ECOTEST - Product / Service
              • Exhibit 141: ECOTEST - Key offerings
            • 12.10 Fortive Corp.
              • Exhibit 142: Fortive Corp. - Overview
              • Exhibit 143: Fortive Corp. - Business segments
              • Exhibit 144: Fortive Corp. - Key news
              • Exhibit 145: Fortive Corp. - Key offerings
              • Exhibit 146: Fortive Corp. - Segment focus
            • 12.11 Furukawa Electric Co. Ltd.
              • Exhibit 147: Furukawa Electric Co. Ltd. - Overview
              • Exhibit 148: Furukawa Electric Co. Ltd. - Product / Service
              • Exhibit 149: Furukawa Electric Co. Ltd. - Key offerings
            • 12.12 Honeywell International Inc.
              • Exhibit 150: Honeywell International Inc. - Overview
              • Exhibit 151: Honeywell International Inc. - Business segments
              • Exhibit 152: Honeywell International Inc. - Key news
              • Exhibit 153: Honeywell International Inc. - Key offerings
              • Exhibit 154: Honeywell International Inc. - Segment focus
            • 12.13 Ludlum Measurements Inc.
              • Exhibit 155: Ludlum Measurements Inc. - Overview
              • Exhibit 156: Ludlum Measurements Inc. - Product / Service
              • Exhibit 157: Ludlum Measurements Inc. - Key offerings
            • 12.14 Mirion Technologies Inc.
              • Exhibit 158: Mirion Technologies Inc. - Overview
              • Exhibit 159: Mirion Technologies Inc. - Business segments
              • Exhibit 160: Mirion Technologies Inc. - Key offerings
              • Exhibit 161: Mirion Technologies Inc. - Segment focus
            • 12.15 Polimaster LLC
              • Exhibit 162: Polimaster LLC - Overview
              • Exhibit 163: Polimaster LLC - Product / Service
              • Exhibit 164: Polimaster LLC - Key offerings
            • 12.16 Radiation Detection Co.
              • Exhibit 165: Radiation Detection Co. - Overview
              • Exhibit 166: Radiation Detection Co. - Product / Service
              • Exhibit 167: Radiation Detection Co. - Key offerings
            • 12.17 Thermo Fisher Scientific Inc.
              • Exhibit 168: Thermo Fisher Scientific Inc. - Overview
              • Exhibit 169: Thermo Fisher Scientific Inc. - Business segments
              • Exhibit 170: Thermo Fisher Scientific Inc. - Key news
              • Exhibit 171: Thermo Fisher Scientific Inc. - Key offerings
              • Exhibit 172: Thermo Fisher Scientific Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 173: Inclusions checklist
                • Exhibit 174: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 175: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 176: Research methodology
                • Exhibit 177: Validation techniques employed for market sizing
                • Exhibit 178: Information sources
              • 13.5 List of abbreviations
                • Exhibit 179: List of abbreviations
              • demand for POS terminals: With the rising popularity of card-based payments, POS terminals are being deployed by the business of all sizes from big retail chains and hotels to restaurants and pop-up stores. The demand for POS terminals is driven by increased consumer awareness toward EMV standards as a large number of people are now capable of cashless transactions through EMV cards. Moreover, the commercial introduction of sophisticated technologies like near-field communication (NFC) and magnetic secure technology (MST) and the growing adoption of Internet of Things (IoT) devices are leading the customers to shift from cashless transactions to contactless transactions. Due to the growing trend toward contactless transactions, the market is witnessing a growing deployment of contactless POS terminals. Further, this deployment is driven by the increased preference for mPOS terminals. The demand for these mPOS terminals is driven by the need for portable POS terminals from SMEs, food trucks, pop-up stores, and sales traders.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                radiation detection and monitoring equipment market

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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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