In order to diversify their sources of income, producers in the global market for nano radiation sensors are increasing their production capabilities.
Wilmington, Delaware, United States, Nov. 17, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global nano radiation sensors market was estimated at a value of US$ 186.90 million in 2020. It is anticipated to register a 4.2% CAGR from 2021 to 2031 and by 2031, the market is likely to attain US$ 292.09 million by 2031.
In order to remain financially viable in the face of the ongoing COVID-19 pandemic, companies within the nano radiation sensors market are serving mission-critical projects in the energy, healthcare, and oil and gas industries. However, in any emergency, the market might be hampered by insufficient dosimetry capability to handle a high radiation level.
It might be difficult to manage a significant radiation incident when there is a lack of robust radiation monitoring equipment or adequate dosimetry capacity among the local resources. Radiation dosimetry programs for emergency responders and radiation occupational workers should fulfill a variety of roles in both small and large government organizations.
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Global Nano Radiation Sensors Market: Key Players
Manufacturers are driving innovation in the global market for nano radiation detection in response to growing concerns about radiation exposure. In order to increase the sensitivity and accuracy of detecting radiation sources, they are using sophisticated nanoscale detection systems.
Compact designs, portability, and integration with a variety of applications are prioritized. Manufacturers are funding research to improve materials and techniques for radiation detection at the nanoscale. T
he radiation monitoring business is making a concerted effort to supply more dependable and effective instruments, serving a range of industries including nuclear power, environmental safety, and healthcare. The following companies are well-known participants in the global nano radiation sensors market:
- Hamamatsu Photonics K.K.
- First Sensor AG
- Kromek Group plc.
- Nihon Kessho Kogaku Co. Ltd.
- Thermo Fisher Scientific Inc.
Some key developments by the players in this market are:
- Kromek (U.K.) introduced the D3S PRD Personal Radiation Detector in 2019. It consists of a rugged mobile phone with unit readouts and analysis software, as well as a palm-sized detector unit that houses the gamma and neutron detection modules.
- The relationship between Thermo Fisher Scientific Inc. and Symphogen, a clinical-stage antibody cancer focused business, was recently announced. They provide platform processes that have been proven for the purpose of simplifying the characterisation and quality control of complex therapeutic proteins throughout this collaboration.
Key Findings of the Market Report
- The growing number of terrorist attacks worldwide utilizing nuclear materials and devices has led to a need for nano radiation sensors in nuclear monitoring and security.
- Finding nuclear materials or devices is made easier with the introduction of nano radiation sensors.
- Many manufacturers in the nano radiation sensors market and research institutes are concentrating on the development of technologically improved nuclear radiation sensor devices for use at airports, border crossings, and ports in an effort to boost a country’s nuclear surveillance capability.
- Solid-state detectors and scintillation detectors are employed in these applications.
- A solid-state detector employs the semiconductor germanium, whereas a scintillation detector uses a single crystal of sodium iodide.
Market Trends for Power Supply
- As new applications and capabilities in radiation detection, radiation safety, health physics, homeland security, research laboratories, vehicle-mounted radiation detectors, wireless computing devices, non-destructive inspection equipment, and CT scanner equipment emerge, research and development in the market is expected to improve its prospects.
- Ongoing trend toward downsizing of electrical circuits combined with a high number of sensors capable of detecting situations or reducing the impact of harsh signals sent by sensors
- Electronic device performance has improved as a result of the evolution of nano radiation sensor technology and its increased potential due to technological advancements. To meet the evolving needs of their clientele, a number of reputable producers of nano radiation sensors are integrating technological innovations into their offerings.
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Global Market for Power Supply: Regional Outlook
Various reasons are propelling the growth of the nano radiation sensors market throughout the region. These are:
- North America is expected to lead the market for nano radiation sensors during the projected period due to the region’s increased technological developments in the semiconductor industry.
- Over the course of the projection period, Europe and Asia Pacific’s markets for nano radiation sensors are anticipated to grow at a significant rate.
- It is anticipated that during the projected period, the markets in South America and the Middle East and Africa will grow at a moderate rate. In order to promote the usage of nano radiation sensors in a variety of end-use scenarios, semiconductor makers ought to make them more widely available at a reasonable price.
Global Nano Radiation Sensors Market Segmentation
- Scintillation Detectors
- Solid-state Detectors
- Aerospace & Defense
- Energy & Power
- Oil & Gas
- Others (Automotive, Consumer Electronics, etc.)
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
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