Nano Radiation Sensors Market Analysis

Market Insights

The nano radiation sensors market is projected to grow from USD 263.13 million in 2021 to USD 414.21 million by 2028 at a CAGR of around 6.37% during the forecast period of 2022-2028.

A nanosensor can be defined as a device that collects data about the different characteristics and behaviour of nanoparticles at the nanoscale. These sensors are made up of active elements including nanomaterials. Nanosensors can be used to measure air and water quality index on the basis of their size, speed, and accuracy of measurement. Nano radiation sensors can be categorized as solid-state detectors and scintillation detectors.

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Market Dynamics

The growth of the nano radiation sensors market is driven by increasing product use across verticals including automotive, consumer electronics, and power generation among others. The rising adoption of nanotechnology is likely to bolster market growth at a significant rate during the review period. Moreover, a growing emphasis on technological advancement is likely to create lucrative opportunities for the players operating in the global market during the review period.

The COVID-19 outbreak posed significant challenges across verticals worldwide. Supply chain disruptions due to the imposition of lockdown affected the product availability on time and thus, affected the market growth. Additionally, a decline in the growth of the end-use industries also affected product demand.

Key Players

Key players operating in the Nano Radiation Sensors market are-

• Robert Bosch GmbH (Germany)
• Analog Devices, Inc. (US)
• DENSO Corporation (Japan)
• Omron Corporation (Japan)
• Roche NimbleGen, Inc. (US)
• Freescale Semiconductor, Inc. (US)
• STMicroelectronics (Switzerland)
• Sensonor AS (Norway)
• Toshiba Corporation (Japan)

Segments' Analysis

Application Trends

Based on application, the market has been segmented into consumer electronics, power generation, automotive, petrochemical, healthcare, industrial, and others. Among these, the consumer electronics segment accounted for the largest market share in 2021 and is expected to propel market growth at a significant rate during the review period. The segment growth can be attributed to the increasing demand for smart and miniaturized electronics worldwide.

Regional Trends

The market in the North American region accounted for the largest market share in 2021 and is expected to grow at a healthy CAGR during the review period. The regional market growth can be attributed to the established presence of end-use industries including healthcare, consumer electronics, automotive, and power generation among others. The market in Asia-Pacific is expected to be driven by expanding industrialization in developing countries, particularly China and India.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

The market is segmented in the following ways-

By Type

• Scintillation Detectors
• Solid-State Detectors

By Application Type

• Consumer Electronics
• Power Generation
• Automotive
• Petrochemical
• Healthcare
• Industrial
• Others

By Region:

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America

Target Audience

Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

Research Methodology

For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.