The inorganic scintillators market report analyzes the inorganic scintillators market by scintillation material, type, and application. Comprehensive information about lucrative emerging markets. The report analyzes the markets for light detectors across regions. Detailed insights on upcoming technologies, research and development activities, and new product launches in the inorganic scintillators market.
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In the coming years, the inorganic scintillators market is expected to witness the highest growth in the Asia-Pacific region. This can be attributed to 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.
Stakeholders of the Inorganic Scintillators Market
- Radiation Detection, Monitoring, and Safety Devices and Accessories
- Manufacturing Companies
- Suppliers and Distributors of Radiation Detection,
- Monitoring, and Safety Devices and Accessories
- Research and Consulting Firms
- Homeland Security and Defense Departments
- Research Institutes
- Venture Capitalists
The inorganic scintillators market is expected to reach USD 330.7 Million in 2021 from USD 256.1 Million in 2016, growing at a CAGR of 5.2%. Healthcare segment is estimated to grow at highest CAGR during forecast period, due to rising terrorism levels globally, growing government initiatives by governments worldwide to improve homeland security, and increasing security and defense expenditure.
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The inorganic scintillators market witnesses high competitive intensity, as there are several big and many small firms with similar product offerings. On the basis of application, the inorganic scintillators market is segmented into healthcare, homeland security and defense, nuclear power plants, industrial, and other applications (high-energy physics, astrophysics, environmental monitoring, and academic research).
Key market players are Saint Gobain S.A. (France), Hamamatsu Photonics K.K. (Japan), Dynasil Corporation of America (U.S.), Hitachi Metals Group (Japan), Rexon Components, Inc. (U.S.), Detec (Canada), Toshiba Materials Co., Ltd. (Japan), Scintacor (U.K.), EPIC Crystal Company Limited (China), Amcrys (Ukraine), Alpha Spectra, Inc. (U.S.), Shanghai SICCAS High Technology Corporation (China), and Nihon Kessho Kogaku Co., Ltd. (Japan)
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In inorganic scintillators market report the homeland security and defense segment is projected to grow at the highest CAGR from 2016 to 2021. Rising terrorism levels globally, growing government initiatives by governments worldwide to improve homeland security, and increasing security and defense expenditure are expected to augment the demand for inorganic scintillators in the homeland security and defense industry in the coming years.
These companies adopt various strategies (expansions; new product launches; marketing and promotion; agreements, collaborations, contracts, partnerships, and joint ventures; funding; acquisitions; patent grant, website launch, and product enhancement to increase their market shares and establish a strong foothold in the global market.
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