This study involved four major activities in estimating the current size of the radiation detection, monitoring and safety market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate segments and subsegments' market size.
Secondary Research
In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to identify and collect information for this study.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources were mainly industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, researchers, and organizations related to all segments of this industry’s value chain. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, to obtain and verify the critical qualitative and quantitative information as well as assess prospects.
The following is a breakdown of the primary respondents:
Note 1: Others include sales managers, marketing managers, and product managers.
Note 2: Companies are classified into tiers based on their total revenues. As of 2022/2023, Tier 1 = >USD 100 million, Tier 2 = USD 10 million to USD 100 million, and Tier 3 = <USD 10 million.
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COMPANY NAME
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DESIGNATION
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Mirion Technologies Inc.
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Sales Manager
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Ametek Inc.
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Sales Executive
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Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the radiation detection, monitoring and safety market's total size. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
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The key players in the industry have been identified through extensive secondary research
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The revenues generated by leading players operating in the radiation detection, monitoring and safety market have been determined through primary and secondary research
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All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
Global radiation detection, monitoring and safety market Size: Bottom Up Approach
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Global radiation detection, monitoring and safety market Size: Top-Down Approach
Data Triangulation
After arriving at the overall market size applying the process mentioned above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
Radiation detection & monitoring products sense and measure radiation emissions or the levels of radiation produced by a source. Radiation safety products protect the environment and people against harmful radiation in nuclear power plants, the healthcare industry, and homeland security & defense.
Key Stakeholders
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Radiation detection, monitoring, and safety device and accessory manufacturers
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Suppliers/distributors of radiation detection, monitoring, and safety devices and accessories
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Venture capitalists
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Academic and research institutes
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Hospitals
Report Objectives
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To define, describe, segment, and forecast the global radiation detection, monitoring and safety market by product, composition, material,application, and region
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To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
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To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall radiation detection, monitoring and safety market
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To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
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To forecast the size of the market segments with respect to five regions, namely, North America, Europe, the Asia Pacific, Latin America, the Middle East & Africa and GCC Countries.
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To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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To track and analyze company developments such as product launches, agreements, partnerships, and acquisitions in the radiation detection, monitoring and safety market
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To benchmark players within the market using the proprietary "Competitive Leadership Mapping" framework, which analyzes market players on various parameters within the broad categories of business and product strategy
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for this report:
Country Information
Radiation detection, monitoring and safety market size and growth rate estimates for countries in the Rest of Europe, the Rest of Asia Pacific, Latin America, Middle East & Africa and GCC Countries.
Company profiles
Additional three company profiles of players operating in the radiation detection, monitoring and safety market.
Product Analysis
Product matrix, which provides a detailed comparison of the product portfolio of each company in the radiation detection, monitoring and safety market.
Randy
Mar, 2022
Which factors majorly hampers the global growth of Radiation Detection Market?.
Roy
Mar, 2022
How much percent share, does the products segment holds, of the Radiation Detection Market?.
Vincent
Mar, 2022
Which of the key players holds the major share of the global Radiation Detection Market?.