n-tech Research Issues Latest Report on Radiation Detection Markets

Industry: Market Research

Firm sees $33.8 Billion Market in 2020. Forecasts broken down by type of equipment, end application, and geography.

Glen Allen, VA (PRUnderground) June 25th, 2015

Industry analyst firm n-tech Research today announced its latest report titled “Radiation Detection Equipment Markets, 2015-2022,” which forecasts that the market for radiation detection equipment including personal dosimeters and handheld devices to radiation detection portals and aerial surveillance will grow to $33.8 billion in 2020. The report is the next in a series of studies from the firm that dates back to 2011 addressing the opportunities for radiation detection and materials.

For details on the report please visit, http://ntechresearch.com/market_reports/radiation-detection-equipment-markets-2015.   A companion report “Radiation Detection Materials Markets 2015-2022 was issued in Q1 of this year.  Details of that study can be found at  http://ntechresearch.com/market_reports/radiation-detection-materials-markets-2015-2022 .

About the Report:

This report identifies where the opportunities will be found in the radiation detection equipment market over the next eight years and it quantifies n-tech’s analysis in the form of an eight-year shipments and revenue forecast.

The forecasts are broken down by type of equipment, end application, and geography. The report covers a broad range of radiation detection equipment, from personal dosimeters and handheld devices to radiation detection portals and aerial surveillance.

In this report, n-tech assesses the commercial implications of how the latest radiation detection equipment is speeding up detection, reducing false alarms, and offering better software support to enable more accurate detection and data tracking.  And, it also examines the trend toward smaller and less-expensive devices.  In addition, the report also examines how regulatory regimes in nuclear power and healthcare are shaping the need for radiation detection equipment.

The report also analyzes the new product development and strategies of leading suppliers as they strive to meet the needs of customers in a range of industries.  Companies covered include Berkeley Nucleonics, Canberra, Kromek, Landauer, Mirion, Polimaster, Rapidscan, Thermo Fisher Scientific, and others.

From the Report:

The firm projects that military and domestic security radiation detection markets will reach $1.3 billion by 2020.  Growth in SPRDs is likely to occur at the expense of PRD and RIID growth. There should especially be interest in sub-$1000 instruments.

The medical sector for detection equipment is also healthy and radiotherapy seems especially promising, since advanced cancer treatment centers are being built all over the world.  Consumption of radiation detection equipment for radiotherapy is already a huge market that will clock up around $5.3 billion this year and grow to $6.3 billion by 2020.

Radiation detection equipment for the nuclear power industry is expected to almost double by 2020.  Nuclear power continues to grow as it is reinvented as a green energy source and detection systems in existing plants will need to be replaced. Within the plants, high resolution, lower-cost solutions will be in demand.

About n-tech Research

n-tech Research is the leading provider of market research and industry analysis for the advanced materials sector, with a special focus on the latest functional and smart materials. The company is the next evolution of NanoMarkets and represents a rebrand and more from what has been an extremely successful firm that started back in 2004.

Our reports and services are designed to identify the latest business opportunities, whether they involve printing, coating, or patterning materials. Our client roster is a who’s who of companies in specialty chemicals, materials, electronics applications and manufacturing.

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