Semiconductor Radiation Detector Market is expected to grow at a healthy CAGR
A new analysis report on the market of semiconductor radiation detector which is forecasted between 2023 and 2028 has been published by Knowledge Sourcing Intelligence.
The prime factors propelling the market growth of the semiconductor radiation detector market are rising nuclear medicine and radiation therapy, increasing safety concerns, strict regulatory guidelines, and the need for reliable detection solutions.
As per the report, the semiconductor radiation detector market is expected to grow at a steady pace.
To quantify the impact of incident charged particles or photons, semiconductor detectors are radiation detectors built on semiconductors like silicon or germanium. The density of a semiconductor detector is particularly high compared to gaseous ionization detectors, and charged particles with high energies can release their energy in a semiconductor with very small dimensions.
Radioactive materials are used in the diagnosis and treatment of disease in the field of medicine known as nuclear medicine. The advances in nuclear medicine indicate the widening semiconductor radiation detector market size. Recently, the IEEE announced the upcoming event of the International Symposium on X-ray and Gama detectors and Medical Imaging Conference to be organized in November 2023 to extend the modern scientific and technological advancements for research and applications in the fields of physics, medicine, biology, security, and materials science in areas like radiation detection, detector materials, electronics, image reconstruction algorithms, and complex radiation detector and imaging systems.
The semiconductor radiation detector market is divided into four categories: silicon detectors, germanium detectors, CZT detectors, and others, based on the type. Due to their widespread application and well-established performance characteristics, silicon detectors represent a sizeable portion of the market. Due to its widespread application in industries like scientific research, nuclear power plants, environmental monitoring, and medical imaging, silicon detectors are in high demand.
The market is segmented into physical research, industrial monitoring, medical imaging, and homeland security based on application. One of the most promising areas of application for II-VI semiconductor-based radiation detectors is medical imaging, particularly nuclear medicine. The recent progress in semiconductor detectors for the medical field contributes significantly to the market growth. For instance, Detection Technology launched the X-Panel 1412 in X-ray detector solutions for advanced industrial and dental X-ray imaging applications in October 2020.
The North American region is expected to hold a significant market during the forecasted period based on geographical segmentation. The presence of a strong healthcare sector in the region contributes significantly to the semiconductor radiation detector market, particularly in the medical field. For instance, the healthcare industry contributed 18.3% to US GDP and it is the third largest industry in the US according to the US Census Bureau. The deployment of semiconductor radiation detectors in various applications is driven by strict restrictions and security precautions.
The research includes coverage of Kromek, AMETEK, Hitachi, MIRION, Thermo Fisher, and Redlen Technologies, as significant market players in the semiconductor radiation detector market.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/semiconductor-radiation-detector-market
This analytics report segments the semiconductor radiation detector market on the following basis:
- By Type
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- Silicon Detector
- Germanium Detector
- CZT Detector
- Others
- By Application
- Physical Research
- Industrial Monitoring
- Medical Imaging
- Homeland Security
- By Geography
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- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- The Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Taiwan
- Others
- North America
