A radiation detector is a device for measuring nuclear, electromagnetic or light radiation. A nuclear radiation detector identifies nuclear radiation by measuring the emission of ionizing radiation of alpha particles, beta particles and gamma rays.
Due to COVID-19 pandemic, the global Radiation Detector market size is estimated to be worth US$ 1875.8 million in 2021 and is forecast to a readjusted size of USD 2272 million by 2028 with a CAGR of 2.8% during review period.
The Radiation Detector is a low concentration industry, which have many small and medium enterprises in china. The annual production of them are about few hundred Units. In future, the competition pattern will not change.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive. The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
However, there are some opportunities in the market, Technology Progress decide which position of the market that the company placed, Consumers’ Demand will influence the future sales and net income, Well Economic Recovery will help companies go through the covid-19 tough time, which may take advantages among the others.
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