Global Radiation Detection Monitoring and Safety Market Size, Share, Development, Growth and Demand Forecast to 2023

Radiation detection (also known as radiological detection) refers to the safety of the environment and people from harmful effects of ionizing radiation, which covers electromagnetic radiation and particle radiation.

Based on the end user industries, the global radiation detection, monitoring & safety market can be broadly classified as nuclear power plants, homeland security & defense, and manufacturing industry. Further, each of the above-mentioned market segments pertaining to radiation detection, monitoring & safety market could be further segmented on the basis of composition: gas-filled detectors, and scintillators. On the basis of different product type, the radiation detection, monitoring & safety market can be classified as personal dosimeters, area process monitors, environment radiation monitors, surface contamination monitors and radioactive material monitors. As per the product use of radiation safety, the market can be further categorized into full-body accessories, hand safety accessories, face safety accessories and others. Geiger Mueller gas-filled detectors have accounted for the largest market share in 2014, which pertains to the manufacturing industry and nuclear power plant gas-filled detectors market, attributed to their portability, cost-effectiveness, and durability. Scintillators gas-filled detectors have accounted for the largest segment in homeland security and defense industry gas-filled detectors market in 2014, owing to their capability of detecting lowest levels of radiation.

The increased level of safety and radiation threat and rising government attention on it owing to the recent Fukushima disaster, is driving the growth of radiation detection, monitoring, and safety market. The advanced technical improvement in terms of design and efficiency is also the major factors behind their widespread acceptance in various industries. Moreover, the development of new nuclear power plants in Asia-Pacific region is also boosting the radiation detection, monitoring, and safety market in this region.

Unlike developing countries, some European countries have started segmenting their nuclear power, which in turn has effected radiation detection, monitoring, and safety market negatively in recent years. The commitment towards fossil fuel free power sources in developing markets and high demand of nuclear power technology from developing countries, to meet their large power demand and supply gap, has established ample opportunity for the radiation detection, monitoring, and safety market.

North America was the largest market for radiation detection, monitoring, and safety in 2014. The market dominance of North America was attributed to its wide nuclear power plants along with, nuclear weapon research, development and storage center. Moreover the stiffer regulation towards radiation detection, monitoring, and safety in the region has also contributed to market growth. Asia-Pacific market for the radiation detection, monitoring, and safety market is growing at a fast pace, attributed to the ongoing expansion in the nuclear power production capacity in developing countries. China, India, and Indonesia have passed many new proposals for their capacity expansion, which is expected to boost up radiation detection, monitoring, and safety market in the coming years.

Some of the major players operating in the global radiation detection monitoring & safety market include, Ametek, Inc., Atomtex SPE, Arktis Radiation Detectors, Ltd., Canberra Industries, Inc., Comecer S.P.A, Centronic Limited, Fuji Electric Co., Ltd., General Atomics Electronics Systems, Inc., General Electric Measurement and Control (GE-MCS) , Lab Impex Systems, Ltd. (Acquired By Ultra Electronics), LND, Inc., Landauer, Inc., Ludlum Measurements, Inc., Radiation Monitoring Devices, Inc., Redlen Technologies, Inc., RAE Systems, Inc., S.E. International, Inc. , Thermo Fisher Scientific, Inc., and Smiths Detection Group, Ltd.

Report Coverage

• Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
• Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
• Uncovers potential demands in the market
• Porter analysis identifies competitive forces within the market
• Provides information on the historical and current market size and the future potential of the market
• Provides sizes of key regional markets using yardsticks of segments, applications, and segments of applications
• Highlights the competitive scenario of the market, major competitors, and benchmarking
• Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market.