Technavio, a tech-focused market research firm, has published a new report on the global radiation survey market, which is expected to grow at a CAGR of more than 5% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global radiation survey meters market into the following key regions: North America, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global radiation survey meters market are elaborated below
Radiation survey meters market in North America: The high growth of the radiation survey meters market in North America is attributable to the high demand for radiation survey meters from homeland security and the defense sectors in the US. The US Customs and Border Protection forces are deploying radiation survey meters across seaports and land borders to scan all the containerized cargo and personal vehicles arriving in the country. Such initiatives by the government are expected to propel the demand for radiation survey meters.
According to Sunil Kumar Singh, a lead analyst at Technavio, specializing in research on computing devices, “Another important application for radiation survey meters in North America is in the healthcare sector. Radiation medicine helps many patients. Increasing application of radiation therapy in the region is anticipated to propel growth of the radiation survey meters market in North America.”
Global radiation survey meters market in EMEA:Radiation survey meters market in EMEA will grow at a moderate rate as the demand for radiation survey meters is generated only from the developed regions such as Western Europe where healthcare and national security segment is well established. Radiation measurement for the safety of professionals in health organizations is critical, and increasing awareness regarding the ill effects of radiations is contributing to the increasing adoption of radiation survey meters in this region.
Global radiation survey meters market in APAC: The APAC market will grow at the highest CAGR owing to an increase in nuclear plants in key emerging regions such as India and China and the growth of the healthcare sector in APAC. The anticipated growth of the market in this region will be fueled by the rise in population and growing demand for electricity from countries such as India and China.
The leading vendors operating in the global radiation survey meters market are:
- Fuji Electri
- Hitachi
- Ludlum Measurements
- Mirion Technologies
Other prominent vendors in the market include Polimaster and Thermo Fisher Scientific.
A more detailed analysis is available in the Technavio report titled, ‘Global Radiation Survey Meters Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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