Global Nano Radiation Sensors Market - Segmented by Type (Scintillation Detectors, Solid-State Detectors), Application (Automotive, Healthcare, Consumer Electronics), and Region - Growth, Trends, and Forecast (2018 - 2023)
Nano radiation sensors market is expected to register a CAGR of 6% during the forecast period (2018 - 2023). The scope of the report includes insights on the solutions offered by major players including providers of hardware, professional services, and integration solutions. The regions included in this study are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The study also offers insights on various application segments such as automotive, healthcare, consumer electronics, etc.
Technological Advancement and Innovation Has Driven the Market
The dominant current methods by which ionizing radiation is sensed are largely based on materials that were developed years ago, in the form of single crystal scintillators or semiconductors or high purity germanium, and gas-filled counters. These legacy materials survived and flourished because they delivered adequate performance for much medical imaging, military, and plant-monitoring applications, and there were no low-cost substitute materials that delivered equivalent or superior performance.
One of the factors that drive the development of nanostructured materials, whether nano scintillators or nano semiconductors, is that the phonon-assisted loss-processes can be suppressed to a larger degree than is possible in single-crystal materials, such that more of the incident information is converted into the information carriers that participate in signal formation. Realizing all these properties requires careful control over the structure, size, and uniformity of the nanoparticles themselves, the effective coupling of the nanoparticles into a colloidal solid through which the information can flow unimpeded, and suitable device design such that the information can be coupled into a readout circuit.
The United States Has the Major Share of the Market in North America
The United States has the major share of the nano radiation sensors market in North America, given the major application segments have their establishment in the country. The affordability and the regulations make it important for the industry to keep themselves updated with the developments to keep their safety standards optimized. The companies in the US also try to keep themselves at the upper hand in global business leverage and thus opt for early adoption of the technology to keep their businesses upfront. Of late the market has experienced the saturation in demand in the region given the application segment industries themselves being in a mature stage in utilizing the nano radiation sensors product. The portability and ability to carry it to places of work for the staff in maintenance has kept it demand afloat in some new segments.
Key Developments in the Market