Global Nano Radiation Sensors Market

Nano Radiation Sensors Market Size, Share, Growth Analysis, By Type(Scintillation detectors, solid-state detectors, and gas-filled detectors.), By Application(Healthcare, consumer electronics, security and defence, oil and gas), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2891 | Region: Global | Published Date: May, 2024
Pages: 219 | Tables: 66 | Figures: 65

Nano Radiation Sensors Market News

  • In April 2023- Kromek Group teamed up with Analogic Corporation for the development of next-generation Cadmium Zinc Telluride (CZT) based detector solutions for Photon Counting Computed Tomography (PCCT) applications in security and medical imaging sectors. The spatial resolution, radiation dose reduction, and energy resolution of CZT-based PCCT detectors are improved over those of traditional CT detectors by overcoming their intrinsic limits. When employed in medical imaging, this cutting-edge technology can lead to an improvement in image quality while also opening a door to material characterization and quantitative data that enable the early diagnosis of life-threatening illnesses like breast cancer or heart disease.
  • In February 2023- Mirion Technologies collaborated with Flyability, a company focused on developing safe drones for inaccessible places. Following the collaboration, the former company integrated its RDS-32™ radiation survey meter with the latter company's Elios 3 indoor drone, to help nuclear operators in the collection of accurate radiation data remotely through drones, allowing nuclear personnel to stay safe outside irradiated areas while collecting data. This data will be accessible for real-time processing both during and after the drone flight.
  • In December 2022- Kromek Group signed a distribution agreement with Smiths Detection, a company engaged in providing threat detection and screening technologies. Under the agreement, the latter company would distribute and market the former company's wearable radiation detection and identification solutions in the Middle East and other key markets in Australasia and Asia.
  • In September 2021- Baker Hughes came into collaboration with LYTT, a real-time, sensor-enabled software and analytics provider. The collaboration created a new offering through integrating Baker Hughes’ completions and well-intervention hardware and service expertise with LYTT’s fiber optic data analytics and cloud-based software. The joint offering augments the digital transformation of the oil & gas industry by applying distributed sensor networks in the wellbore, creating actionable insights that optimize production.
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FAQs

Nano Radiation Sensors Market size was valued at USD 288.3 billion in 2022 and is poised to grow from USD 307.82 billion in 2023 to USD 486.9 billion by 2031, growing at a CAGR of 6.77% in the forecast period (2024-2031).

The nano radiation sensors market features a competitive landscape characterized by the presence of several prominent players striving to innovate, expand their product portfolios, and strengthen their market positions. These companies compete based on factors such as technology innovation, product performance, pricing strategies, distribution networks, and customer service. Here are some key players in the nano radiation sensors market: 'Mirion Technologies', 'Bosch', 'Analog Devices', 'Nippon Denso', 'Omron', 'Roche Nimblegen', 'Freescale', 'STMicroelectronics', 'Sensonor AS', 'Toshiba'

Advances in nanotechnology have revolutionized the field of radiation detection, leading to the development of nanoradiation sensors with superior sensitivity, accuracy, and efficiency compared to traditional sensors. Nanomaterials such as quantum dots, carbon nanotubes, and graphene offer unique properties that enhance the performance of radiation sensors, including increased surface area for radiation interaction and improved signal-to-noise ratios. Miniaturization of sensor components and integration of nanomaterials enable the development of compact, portable, and cost-effective radiation detection devices for various applications.

End users across nations are increasingly demanding high-performance devices with reliable and highly portable computing platforms. Connectivity over wireless networks such as Wi-Fi, 3G, 4G, and Bluetooth to facilitate easy data exchange and transfer has been increasing rapidly. This has led to wireless computing devices, such as tablets, smartphones, wearables, and sensors, flooding the market. Wireless computing devices require a high level of integration, which, in turn, is propelling the development of several new designs to support multiple applications on a single platform. In such a market scenario, the need for innovative, low-cost testing solutions can facilitate cost efficiencies and ensure quick market entry of the product.

The dominant region in the nano radiation sensors market tends to be North America, particularly driven by the United States. North America, especially the United States, is a hub for technological innovation and research in fields such as nanotechnology and sensor development. Many leading companies and research institutions in the nano radiation sensor sector are based in North America, contributing to the region's dominance. The U.S. government invests significantly in research and development related to radiation detection technologies, particularly for applications in healthcare, security, defence, and nuclear energy. These investments support the growth of the nano radiation sensors market in the region. The North American region boasts a robust healthcare infrastructure, with advanced medical facilities and a high demand for cutting-edge medical technologies, including nanoradiation sensors for medical imaging and radiation therapy applications.

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Global Nano Radiation Sensors Market

Report ID: SQMIG35A2891

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