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Radiation Monitoring and Safety Market by Product (Photomultiplier Tube, Silicon Photomultiplier, Avalanche Photodiode), & by Application (Healthcare, Biotechnology, Homeland Security, Automotive, Academic Research) - Analysis & Global Forecast to 2020

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Date: 29-Mar-2016
No. of pages: 157
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The scope of the study is confined to photomultiplier tubes (PMTs), silicon photomultipliers (SiPMs), and others (PIN photodiodes and avalanche photodiodes); hence, the market size is estimated only for the above mentioned product segments.

The radiation monitoring and safety market is projected to reach USD 652.8 million by 2020 from USD 512.1 million in 2015, at a CAGR of 5.0% in the next five years (2015 to 2020).

The radiation monitoring and safety market is undergoing a significant transformation, with the changing landscapes of healthcare, nuclear power plants, homeland security and defense, and manufacturing industries. The growth of this market is majorly influenced by the dynamics of these industries.

Growing safety concerns post the Fukushima disaster, technological advancements, growing security threats, growing security budgets of global sporting events, increasing incidence of cancer, growth in the number of PET/CT scans, and growing threat of nuclear terrorism are some factors expected to drive the growth of the global radiation monitoring and safety market in the coming years.

On the other hand, factors such as shortage of a nuclear power workforce worldwide and nuclear power phase-out in some European countries are expected to restrain the growth of the market. However, the increase in the number of nuclear power plants in India and Pacific countries, growing focus on clean and reliable electricity generation in China, and the decision of the Japanese government to reverse its nuclear power phase-out are posing lucrative opportunities for the radiation monitoring and safety market.

In 2015, the photomultiplier tubes segment is expected to account for the largest share of the radiation monitoring and safety market, by product, while the healthcare segment is expected to account for the largest share of radiation monitoring and safety market, by application.

In 2015, North America is expected to account for the largest share of the global radiation monitoring and safety market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). North America’s large share is attributed to the increasing prevalence of cancer, rising adoption of nuclear imaging systems, government initiatives, the increase in the number of nuclear power plants in the U.S., growing security concerns, and the rising number of conferences. In the coming years, the radiation monitoring and safety market is expected to witness the highest growth in the Asia-Pacific region, with emphasis on India, China, and Japan. This can be attributed to factors such as high spending on homeland security in Asia, Japan’s decision to continue with the use of nuclear power, high growth expected in China’s nuclear power industry, presence of global and local players in the Chinese market, increasing number of nuclear power plants in India, and increasing installations of nuclear imaging systems in India.

The market witnesses high competitive intensity, as there are several big and many small firms with similar product offerings. These companies adopt various strategies (agreements, partnerships, collaboration, expansion, new product launches, and acquisition) to increase their market shares and establish a strong foothold in the global market.   

Reasons to Buy the Report:

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn helps firms to garner a greater market, share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

The report provides insights on the following pointers:


  • Market Penetration: Comprehensive information on the products and services offered by top players in the radiation monitoring and safety market. The report analyzes the radiation monitoring and safety market by product and application.

  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the radiation monitoring and safety market

  • Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for radiation monitoring and safety across regions

  • Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the radiation monitoring and safety market

  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and distribution networks of the leading players in the radiation monitoring and safety market

Radiation Monitoring and Safety Market by Product (Photomultiplier Tube, Silicon Photomultiplier, Avalanche Photodiode), & by Application (Healthcare, Biotechnology, Homeland Security, Automotive, Academic Research) - Analysis & Global Forecast to 2020

Table of Contents

1 Introduction
1.1 Objectives of Study
1.2 Radiation Safety Market Definition
1.3 Radiation Safety Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Methodology Steps
2.2 Secondary and Primary Research Methodology
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.2.1 Key Data From Primary Sources
2.2.2.2 Key Insights From Primary Sources
2.2.2.3 Key Industry Insights
2.3 Radiation Safety Market Size Estimation Methodology
2.4 Research Design
2.5 Radiation Safety Market Data Validation and Triangulation
2.6 Assumptions for the Study

3 Executive Summary
3.1 Introduction
3.2 Current and Future Scenario
3.3 Key Growth Strategies

4 Premium Insights
4.1 Global Radiation Safety Market Overview
4.2 Geographic Analysis: Radiation Safety Market, By Product
4.3 Geographic Snapshot: Radiation Safety Market
4.4 Global Radiation Safety Market, By Application (2015 vs 2020)

5 Market Overview
5.1 Introduction
5.2 Radiation Monitoring Market Segmentation
5.3 Radiation Monitoring Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Safety Concerns Post the Fukushima Disaster
5.3.1.2 Technological Advancements in Radiation Monitoring Systems
5.3.1.3 Growing Security Threats to Drive Radiation Monitoring Market for Homeland Security
5.3.1.4 Growing Security Budgets of Global Sporting Events
5.3.1.5 Increasing Incidence of Cancer
5.3.1.6 Growth in the Number of PET/CT Scans
5.3.1.7 Growing Threat of Nuclear Terrorism
5.3.1.8 Use of Drones for Radiation Monitoring
5.3.2 Restraints
5.3.2.1 Shortage in Nuclear Power Workforce
5.3.2.2 Nuclear Power Phase-Out in Some European Countries
5.3.3 Opportunities
5.3.3.1 Proposed Increase in Number of Nuclear Power Plants
5.3.3.2 Decision of the Japanese Government to Reverse Its Nuclear Phase-Out Plan
5.3.3.3 Rising Focus on Nuclear Power in India to Meet Energy Demands
5.3.3.4 Growing Focus on Clean and Reliable Source of Electricity Generation in China
5.3.3.5 Introduction of Nuclear Power in Pacific Countries
5.3.4 Threats
5.3.4.1 Substitutes Such as Renewable Energy

6 Radiation Safety Market, By Product
6.1 Introduction
6.2 Photomultiplier Tubes (PMT)
6.2.1.1 Organic Scintillators
6.2.1.2 Inorganic (Gas) Scintillators
6.3 Silicon Photomultipliers (SIPM)
6.3.1.1 Inorganic Scintillators
6.3.1.2 Organic Scintillators
6.4 Others

7 Global Radiation Safety Market, By Application
7.1 Introduction
7.2 Healthcare
7.3 Homeland Security and Defense
7.4 Biotechnology
7.5 Automotive Industry
7.6 Academic Research and High-Energy Physics
7.7 Others

8 Global Radiation Safety Market, By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.1.1 Increased Adoption of Nuclear Imaging Systems
8.2.1.2 Government Initiatives and Increase in the Number of Nuclear Power Plants in the U.S.
8.2.1.3 Conferences to Help Professionals Exchange Knowledge
8.2.1.4 Growing Security Concerns to Boost the SIPMs Market
8.2.2 Canada
8.2.2.1 Rise in Public Private Funding to Spur the SIPM Market
8.2.2.2 Increasing Adoption of Nuclear Imaging Systems
8.3 Europe
8.3.1 Growing Research Activities in Europe
8.3.2 France and Russia to Lead the Growth of the European Nuclear Industry
8.3.3 Increasing Partnerships for the Construction of Nuclear Power Plants
8.3.4 EU5
8.3.4.1 Security Concerns Driving the Silicon Photomultiplier Tubes Market in Europe
8.3.4.2 Nuclear Power Industry in Europe Stabilizing Post the Fukushima Disaster
8.3.4.3 Increasing Adoption of Nuclear Imaging Systems/Equipment to Catapult the PMT & SIPM Market
8.3.4.4 Favorable Funding Scenario in Germany
8.3.4.5 Increasing Number of PET-CT Procedures and Investments on PET/CT Scanners in the U.K.
8.3.5 Rest of Europe (RoE)
8.3.5.1 Conferences & Symposia Hosted in Europe to Drive the Radiation Safety Market
8.4 Asia-Pacific
8.4.1 Heightened Spending on Homeland Security in Asia
8.4.2 Japan’s Decision to Continue With the Use of Nuclear Power
8.4.3 High Growth Expected in China’s Nuclear Power Industry
8.4.4 Presence of Global and Local Players in the Chinese Market
8.4.5 Increasing Number of Nuclear Power Plants in India
8.4.6 Increasing Installations of Nuclear Imaging Systems in India
8.5 Rest of the World (RoW)
8.5.1 South Africa’s Strong Commitment to Adopting Nuclear Power
8.5.2 Homeland Security to Drive the Silicon Photomultiplier Market in the RoW Region
8.5.3 Favorable Reimbursement Scenario in Brazil
8.5.4 Development of New Airports in Latin America
8.5.5 Increasing Number of Nuclear Power Plants in the Middle East

9 Competitive Landscape
9.1 Overview
9.1.1 Introduction
9.2 Market Share Analysis
9.2.1 Hamamatsu Photonics K.K.
9.2.2 Sensl Technologies
9.3 Competitive Situation and Trends
9.3.1 New Product Launches
9.3.2 Agreements
9.3.3 Expansions
9.3.4 Other Developments
9.4 Empirical Assesment of Growth Strategies
9.4.1 Route to Growth: Organic vs Inorganic Strategies
9.4.1.1 Organic Growth Strategies
9.4.1.2 Inorganic Growth Strategies

10 Company Profiles
(Overview, Financials, Products & Services, Strategy, & Developments)*
10.1 Introduction
10.2 Hamamatsu Photonics K.K.
10.3 Sensl Technologies
10.4 Ketek GmbH
10.5 Advansid
10.6 Excelitas Technologies Corporation
10.7 First Sensor AG
10.8 Hainan Zhanchuang Photonics Technology Co., Ltd.
10.9 Ludlum Measurements, Inc.
10.10 Philips Healthcare
10.11 Radiation Monitoring Devices, Inc. (A Dynasil Company)

*Details on Financials, Product & Services, Strategy, & Developments Might Not Be Captured in Case of Unlisted Companies.

11 Appendix
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.3 Introducing RT: Real-Time Market Intelligence
11.4 Available Customizations
11.5 Related Reports

List of Tables

Table 1 Increased Safety Concerns at Nuclear Facilities and Threat of Nuclear Terrorism are the Major Drivers for Radiation Safety Market
Table 2 Shortage in Nuclear Power Workforce Restraining the Growth of the Nuclear Industry and the Radiation Safety Market
Table 3 Increasing Number of Nuclear Power Plants to Offer Significant Growth Opportunities for Market Players
Table 4 Comparative Assessment of Detectors
Table 5 Radiation Safety Market Size, By Product, 2013–2020 (USD Million)
Table 6 Research Projects and Activities
Table 7 Photomultiplier Tubes Market Size, By Region, 2013–2020 (USD Million)
Table 8 Photomultiplier Tubes Market Size, By Type, 2013–2020 (USD Million)
Table 9 North America: Photomultiplier Tube Market Size, By Country, 2013–2020 (USD Million)
Table 10 U.S.: Photomultiplier Tube Market Size, By Application, 2013–2020 (USD Million)
Table 11 Canada: Photomultiplier Tube Market Size, By Application, 2013–2020 (USD Million)
Table 12 Europe: Photomultiplier Tube Market Size, By Country, 2013–2020 (USD Million)
Table 13 North America: Photomultiplier Tube Market Size, By Application, 2013–2020 (USD Million)
Table 14 Silicon Photomultipliers Market Size, By Region, 2013–2020 (USD Million)
Table 15 Silicon Photomultiplier Market Size, By Type, 2013–2020 (USD Million)
Table 16 North America: Silicon Photomultiplier Market Size, By Country, 2013–2020 (USD Million)
Table 17 Europe: Silicon Photomultiplier Market Size, By Country, 2013–2020 (USD Million)
Table 18 North America: Silicon Photomultiplier Market Size, By Application, 2013–2020 (USD Million)
Table 19 U.S.: Silicon Photomultiplier Market Size, By Application, 2013–2020 (USD Million)
Table 20 Canada: Silicon Photomultiplier Market Size, By Application, 2013–2020 (USD Million)
Table 21 Other Detectors Market Size, By Region, 2013–2020 (USD Million)
Table 22 Other Detectors Market Size, By Type, 2013–2020 (USD Million)
Table 23 North America: Other Detectors Market Size, By Country, 2013–2020 (USD Million)
Table 24 Europe: Other Detectors Market Size, By Country, 2013–2020 (USD Million)
Table 25 North America: Other Detectors Market Size, By Application, 2013–2020 (USD Million)
Table 26 U.S.: Other Detectors Market Size, By Application, 2013–2020 (USD Million)
Table 27 Canada: Other Detectors Market Size, By Application, 2013–2020 (USD Million)
Table 28 Radiation Safety Market Size, By Application, 2013–2020 (USD Million)
Table 29 Radiation Safety Market Size for Healthcare, By Region, 2013–2020 (USD Million)
Table 30 Radiation Safety Market Size for Homeland Security, By Region, 2013–2020 (USD Million)
Table 31 Radiation Safety Market Size for Biotechnology, By Region, 2013–2020 (USD Million)
Table 32 Radiation Safety Safety Market Size for Automotive Industry, By Region, 2013–2020 (USD Million)
Table 33 Experiments Conducted in High-Energy Physics Using PMT By Hamamatsu
Table 34 Radiation Safety Safety Market Size for Academic Research & High-Energy Physics, By Region, 2013–2020 (USD Million)
Table 35 Projects and Activities
Table 36 Radiation Safety Market Size for Other Applications, By Region, 2013–2020 (USD Million)
Table 37 Radiation Safety Market Size, By Region, 2013–2020 (USD Million)
Table 38 North America: Radiation Safety Market Size, By Country, 2013–2020 (USD Million)
Table 39 North America: Radiation Safety Market Size, By Product, 2013–2020 (USD Million)
Table 40 North America: Radiation Safety Market Size, By Application, 2013–2020 (USD Million)
Table 41 U.S.: Radiation Safety Market Size, By Product, 2013–2020 (USD Million)
Table 42 U.S.: Radiation Safety Market Size, By Application, 2013–2020 (USD Million)
Table 43 Canada: Radiation Safety Market Size, By Product, 2013–2020 (USD Million)
Table 44 Canada: Radiation Safety Market Size, By Application, 2013–2020 (USD Million)
Table 45 Europe: Radiation Safety Market Size, By Country, 2013–2020 (USD Million)
Table 46 Europe: Radiation Safety Market Size, By Product, 2013–2020 (USD Million)
Table 47 Europe: Radiation Safety Market Size, By Application, 2013–2020 (USD Million)
Table 48 Europe: Photomultiplier Tube Market Size, By Application, 2013–2020 (USD Million)
Table 49 Europe: Silicon Photomultiplier Market Size, By Application, 2013–2020 (USD Million)
Table 50 Europe: Other Detectors Market Size, By Application 2013–2020 (USD Million)
Table 51 EU5: Radiation Safety Market Size, By Product, 2013–2020 (USD Million)
Table 52 EU5: Radiation Safety Market Size, By Application, 2013–2020 (USD Million)
Table 53 EU5: Photomultiplier Tube Market Size, By Application, 2013–2020 (USD Million)
Table 54 EU5: Silicon Photomultiplier Market Size, By Application, 2013–2020 (USD Million)
Table 55 EU5: Other Detectors Market Size, By Application, 2013–2020 (USD Million)
Table 56 Conferences, Symposia, & Workshops Hosted in Europe (2013-2015)
Table 57 RoE: Radiation Safety Market Size, By Product, 2013–2020 (USD Million)
Table 58 RoE: Radiation Safety Market Size, By Application, 2013–2020 (USD Million)
Table 59 RoE: Photomultiplier Tube Market Size, By Application, 2013–2020 (USD Million)
Table 60 RoE: Silicon Photomultiplier Market Size, By Application, 2013–2020 (USD Million)
Table 61 RoE: Other Detectors Market Size, By Application, 2013–2020 (USD Million)
Table 62 Asia-Pacific: Radiation Safety Market Size, By Country, 2013–2020 (USD Million)
Table 63 Asia-Pacific: Radiation Safety Market Size, By Product, 2013–2020 (USD Million)
Table 64 Asia-Pacific: Radiation Safety Market Size, By Application, 2013–2020 (USD Million)
Table 65 RoW: Radiation Safety Market Size, By Country, 2013–2020 (USD Million)
Table 66 Major Airport Construction Projects at Existing Airports in Latin America
Table 67 RoW: Radiation Safety Market Size, By Product, 2013–2020 (USD Million)
Table 68 RoW: Radiation Safety Market Size, By Application, 2013–2020 (USD Million)
Table 69 New Product Launches, 2013–2016
Table 70 Agreements, 2013–2016
Table 71 Expansions, 2013–2016
Table 72 Other Developments, 2013–2016

List of Figures

Figure 1 Global Radaition Monitoring and Safety Market: Research Methodology Steps
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Primary Research: Sampling Frame
Figure 4 Primary Research - Current Sampling Frame
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Comparative Assessment of Global PMT and SIPM Market (2015-2020)
Figure 9 Silicon Photomultipliers Market to Witness the Highest CAGR From 2015 to 2020
Figure 10 Healthcare Segment to Witness Highest CAGR During the Forecast Period (2015-2020)
Figure 11 Asia-Pacific to Witness the Highest Market Growth During the Forecast Period (2015-2020)
Figure 12 Growing Safety Concerns and Technological Advancements Driving the Market Growth
Figure 13 Photomultiplier Tubes Segment Dominates the Radiation Safety Market in 2015
Figure 14 Asia-Pacific Market to Witness the Highest Growth Rate During the Forecast Period
Figure 15 Healthcare Segment Commands the Largest Share in 2015
Figure 16 Radiation Safety Market Segmentation
Figure 17 Radiation Safety Market: Drivers, Restraints, Opportunities, & Threats
Figure 18 Global Radiation Monitoring and Safety Market, By Product
Figure 19 Silicon Photomultipliers Segment to Grow at the Highest CAGR During the Forecast Period
Figure 20 Global Radiation Monitoring Market, By Application
Figure 21 Healthcare Segment to Grow at the Highest CAGR During the Forecast Period
Figure 22 North America Expected to Command the Largest Market Size of the Global Radiation Monitoring Market in 2015
Figure 23 North America: Radiation Monitoring Market Snapshot
Figure 24 Growing Cancer Prevalence, A Major Driver of the Photomultiplier Tubes Market
Figure 25 Europe: Radiation Monitoring Market Snapshot
Figure 26 Asia-Pacific: Radiation Monitoring Market Snapshot
Figure 27 RoW: Radiation Monitoring Market Snapshot
Figure 28 Global Photomultiplier Tube Market, By Company, 2015
Figure 29 Global Silicon Photomultiplier Market, By Company, 2015
Figure 30 New Product Launches Was the Key Strategic Development Adopted By Players in the PMT and SIPM Market (2013-2016)
Figure 31 New Product Launches, By Company
Figure 32 Agreements, By Company
Figure 33 Expansions, By Company
Figure 34 Other Developments, By Company
Figure 35 Organic and Inorganic Growth Strategies Adopted By Key Players
Figure 36 Organic Growth Strategies, By Key Player (2013-2016)
Figure 37 Key Organic Growth Strategies, 2013-2016
Figure 38 Inorganic Growth Strategies, By Key Player (2013-2016)
Figure 39 Key Inorganic Growth Strategies, 2013-2016
Figure 40 Geographical Revenue Mix of Some of the Prominent Players in the Radiation Monitoring Market
Figure 41 Hamamatsu Photonics K.K.: Company Snapshot
Figure 42 First Sensor AG: Company Snapshot
Figure 43 Philips Healthcare: Company Snapshot
Figure 44 Dynasil Corporation of America: Company Snapshot

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