Radiation Monitoring and Safety Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
Radiation monitoring is a technique for determining radiation dosage or any radionuclide contamination to monitor radiation or radioactive substance exposure. Environmental protection organizations worldwide conduct rigorous examinations to ensure that environmental radiation stays within globally agreed-upon safety limits. Furthermore, radioactive tracers in nuclear medicine enable early cancer identification and monitor illness progression via visual tracking of the radiopharmaceuticals, which offer concrete information on the molecular origin of the problem producing physical disruptions.
MARKET SCOPE
The "Global Radiation Monitoring and Safety Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the radiation monitoring and safety market with detailed market segmentation by product, composition, application, and geography. The report provides key statistics on the market status of the leading radiation monitoring and safety market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
Based on product, the global radiation monitoring and safety market is segmented into radiation detection and monitoring products, and radiation safety products. The radiation detection and monitoring products is further segmented into area process monitors, personal dosimeters, environmental radiation monitors, radioactive material monitors, and surface contamination monitors. The radiation safety products is further segmented into face and hand protection, full-body protection, hand safety products, and others.
Based on composition, the market is bifurcated into gas-filled detectors, scintillators, and solid-state detectors
Based on application, the market is bifurcated into homeland security and defense, healthcare, industrial applications, nuclear power plants, and other applications
MARKET DYNAMICS
Drivers
- Rising prevalence of cancer worldwide
- Growing security budgets of global sporting events
- Use of drones for radiation monitoring
Restraints
- Shortage of nuclear power workforce
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The radiation monitoring and safety market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the radiation monitoring and safety market in these regions.
IMPACT OF COVID-19 ON RADIATION MONITORING AND SAFETY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The radiation monitoring and safety market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the radiation monitoring and safety market in these regions.
IMPACT OF COVID-19 ON RADIATION MONITORING AND SAFETY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the radiation monitoring and safety market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from radiation monitoring and safety market are anticipated to lucrative growth opportunities in the future with the rising demand for radiation monitoring and safety in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the radiation monitoring and safety market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- LANDAUER
- Mirion Technologies, Inc.
- Ludlum Measurements, Inc.
- Thermo Fisher Scientific Inc.
- RDC, Inc.
- Arrow-Tech, Inc.
- Centronic Limited
- Amray Radiation Protection
- Arktis Radiation Detectors Ltd
- S.E. International, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Radiation Monitoring and Safety Market - By Product
1.3.2 Radiation Monitoring and Safety Market - By Composition
1.3.3 Radiation Monitoring and Safety Market - By Application
1.3.4 Radiation Monitoring and Safety Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. RADIATION MONITORING AND SAFETY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. RADIATION MONITORING AND SAFETY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. RADIATION MONITORING AND SAFETY MARKET - GLOBAL MARKET ANALYSIS
6.1. RADIATION MONITORING AND SAFETY - GLOBAL MARKET OVERVIEW
6.2. RADIATION MONITORING AND SAFETY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. RADIATION MONITORING AND SAFETY MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. RADIATION DETECTION AND MONITORING PRODUCTS
7.3.1. Overview
7.3.2. Radiation Detection and Monitoring Products Market Forecast and Analysis
7.3.3. Area Process Monitors Market
7.3.3.1. Overview
7.3.3.2. Area Process Monitors Market Forecast and Analysis
7.3.4. Personal Dosimeters Market
7.3.4.1. Overview
7.3.4.2. Personal Dosimeters Market Forecast and Analysis
7.3.5. Environmental Radiation Monitors Market
7.3.5.1. Overview
7.3.5.2. Environmental Radiation Monitors Market Forecast and Analysis
7.3.6. Radioactive Material Monitors Market
7.3.6.1. Overview
7.3.6.2. Radioactive Material Monitors Market Forecast and Analysis
7.3.7. Surface Contamination Monitors Market
7.3.7.1. Overview
7.3.7.2. Surface Contamination Monitors Market Forecast and Analysis
7.4. RADIATION SAFETY PRODUCTS
7.4.1. Overview
7.4.2. Radiation Safety Products Market Forecast and Analysis
7.4.3. Face and Hand Protection Market
7.4.3.1. Overview
7.4.3.2. Face and Hand Protection Market Forecast and Analysis
7.4.4. Full-Body Protection Market
7.4.4.1. Overview
7.4.4.2. Full-Body Protection Market Forecast and Analysis
7.4.5. Hand Safety Products Market
7.4.5.1. Overview
7.4.5.2. Hand Safety Products Market Forecast and Analysis
7.4.6. Others Market
7.4.6.1. Overview
7.4.6.2. Others Market Forecast and Analysis
8. RADIATION MONITORING AND SAFETY MARKET - REVENUE AND FORECASTS TO 2028 - COMPOSITION
8.1. OVERVIEW
8.2. COMPOSITION MARKET FORECASTS AND ANALYSIS
8.3. GAS-FILLED DETECTORS
8.3.1. Overview
8.3.2. Gas-Filled Detectors Market Forecast and Analysis
8.4. SCINTILLATORS
8.4.1. Overview
8.4.2. Scintillators Market Forecast and Analysis
8.5. SOLID-STATE DETECTORS
8.5.1. Overview
8.5.2. Solid-State Detectors Market Forecast and Analysis
9. RADIATION MONITORING AND SAFETY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. HOMELAND SECURITY AND DEFENSE
9.3.1. Overview
9.3.2. Homeland Security and Defense Market Forecast and Analysis
9.4. HEALTHCARE
9.4.1. Overview
9.4.2. Healthcare Market Forecast and Analysis
9.5. INDUSTRIAL APPLICATIONS
9.5.1. Overview
9.5.2. Industrial Applications Market Forecast and Analysis
9.6. NUCLEAR POWER PLANTS
9.6.1. Overview
9.6.2. Nuclear Power Plants Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. RADIATION MONITORING AND SAFETY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Radiation Monitoring and Safety Market Overview
10.1.2 North America Radiation Monitoring and Safety Market Forecasts and Analysis
10.1.3 North America Radiation Monitoring and Safety Market Forecasts and Analysis - By Product
10.1.4 North America Radiation Monitoring and Safety Market Forecasts and Analysis - By Composition
10.1.5 North America Radiation Monitoring and Safety Market Forecasts and Analysis - By Application
10.1.6 North America Radiation Monitoring and Safety Market Forecasts and Analysis - By Countries
10.1.6.1 United States Radiation Monitoring and Safety Market
10.1.6.1.1 United States Radiation Monitoring and Safety Market by Product
10.1.6.1.2 United States Radiation Monitoring and Safety Market by Composition
10.1.6.1.3 United States Radiation Monitoring and Safety Market by Application
10.1.6.2 Canada Radiation Monitoring and Safety Market
10.1.6.2.1 Canada Radiation Monitoring and Safety Market by Product
10.1.6.2.2 Canada Radiation Monitoring and Safety Market by Composition
10.1.6.2.3 Canada Radiation Monitoring and Safety Market by Application
10.1.6.3 Mexico Radiation Monitoring and Safety Market
10.1.6.3.1 Mexico Radiation Monitoring and Safety Market by Product
10.1.6.3.2 Mexico Radiation Monitoring and Safety Market by Composition
10.1.6.3.3 Mexico Radiation Monitoring and Safety Market by Application
10.2. EUROPE
10.2.1 Europe Radiation Monitoring and Safety Market Overview
10.2.2 Europe Radiation Monitoring and Safety Market Forecasts and Analysis
10.2.3 Europe Radiation Monitoring and Safety Market Forecasts and Analysis - By Product
10.2.4 Europe Radiation Monitoring and Safety Market Forecasts and Analysis - By Composition
10.2.5 Europe Radiation Monitoring and Safety Market Forecasts and Analysis - By Application
10.2.6 Europe Radiation Monitoring and Safety Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Radiation Monitoring and Safety Market
10.2.6.1.1 Germany Radiation Monitoring and Safety Market by Product
10.2.6.1.2 Germany Radiation Monitoring and Safety Market by Composition
10.2.6.1.3 Germany Radiation Monitoring and Safety Market by Application
10.2.6.2 France Radiation Monitoring and Safety Market
10.2.6.2.1 France Radiation Monitoring and Safety Market by Product
10.2.6.2.2 France Radiation Monitoring and Safety Market by Composition
10.2.6.2.3 France Radiation Monitoring and Safety Market by Application
10.2.6.3 Italy Radiation Monitoring and Safety Market
10.2.6.3.1 Italy Radiation Monitoring and Safety Market by Product
10.2.6.3.2 Italy Radiation Monitoring and Safety Market by Composition
10.2.6.3.3 Italy Radiation Monitoring and Safety Market by Application
10.2.6.4 Spain Radiation Monitoring and Safety Market
10.2.6.4.1 Spain Radiation Monitoring and Safety Market by Product
10.2.6.4.2 Spain Radiation Monitoring and Safety Market by Composition
10.2.6.4.3 Spain Radiation Monitoring and Safety Market by Application
10.2.6.5 United Kingdom Radiation Monitoring and Safety Market
10.2.6.5.1 United Kingdom Radiation Monitoring and Safety Market by Product
10.2.6.5.2 United Kingdom Radiation Monitoring and Safety Market by Composition
10.2.6.5.3 United Kingdom Radiation Monitoring and Safety Market by Application
10.2.6.6 Rest of Europe Radiation Monitoring and Safety Market
10.2.6.6.1 Rest of Europe Radiation Monitoring and Safety Market by Product
10.2.6.6.2 Rest of Europe Radiation Monitoring and Safety Market by Composition
10.2.6.6.3 Rest of Europe Radiation Monitoring and Safety Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Radiation Monitoring and Safety Market Overview
10.3.2 Asia-Pacific Radiation Monitoring and Safety Market Forecasts and Analysis
10.3.3 Asia-Pacific Radiation Monitoring and Safety Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Radiation Monitoring and Safety Market Forecasts and Analysis - By Composition
10.3.5 Asia-Pacific Radiation Monitoring and Safety Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Radiation Monitoring and Safety Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Radiation Monitoring and Safety Market
10.3.6.1.1 Australia Radiation Monitoring and Safety Market by Product
10.3.6.1.2 Australia Radiation Monitoring and Safety Market by Composition
10.3.6.1.3 Australia Radiation Monitoring and Safety Market by Application
10.3.6.2 China Radiation Monitoring and Safety Market
10.3.6.2.1 China Radiation Monitoring and Safety Market by Product
10.3.6.2.2 China Radiation Monitoring and Safety Market by Composition
10.3.6.2.3 China Radiation Monitoring and Safety Market by Application
10.3.6.3 India Radiation Monitoring and Safety Market
10.3.6.3.1 India Radiation Monitoring and Safety Market by Product
10.3.6.3.2 India Radiation Monitoring and Safety Market by Composition
10.3.6.3.3 India Radiation Monitoring and Safety Market by Application
10.3.6.4 Japan Radiation Monitoring and Safety Market
10.3.6.4.1 Japan Radiation Monitoring and Safety Market by Product
10.3.6.4.2 Japan Radiation Monitoring and Safety Market by Composition
10.3.6.4.3 Japan Radiation Monitoring and Safety Market by Application
10.3.6.5 South Korea Radiation Monitoring and Safety Market
10.3.6.5.1 South Korea Radiation Monitoring and Safety Market by Product
10.3.6.5.2 South Korea Radiation Monitoring and Safety Market by Composition
10.3.6.5.3 South Korea Radiation Monitoring and Safety Market by Application
10.3.6.6 Rest of Asia-Pacific Radiation Monitoring and Safety Market
10.3.6.6.1 Rest of Asia-Pacific Radiation Monitoring and Safety Market by Product
10.3.6.6.2 Rest of Asia-Pacific Radiation Monitoring and Safety Market by Composition
10.3.6.6.3 Rest of Asia-Pacific Radiation Monitoring and Safety Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Radiation Monitoring and Safety Market Overview
10.4.2 Middle East and Africa Radiation Monitoring and Safety Market Forecasts and Analysis
10.4.3 Middle East and Africa Radiation Monitoring and Safety Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Radiation Monitoring and Safety Market Forecasts and Analysis - By Composition
10.4.5 Middle East and Africa Radiation Monitoring and Safety Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Radiation Monitoring and Safety Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Radiation Monitoring and Safety Market
10.4.6.1.1 South Africa Radiation Monitoring and Safety Market by Product
10.4.6.1.2 South Africa Radiation Monitoring and Safety Market by Composition
10.4.6.1.3 South Africa Radiation Monitoring and Safety Market by Application
10.4.6.2 Saudi Arabia Radiation Monitoring and Safety Market
10.4.6.2.1 Saudi Arabia Radiation Monitoring and Safety Market by Product
10.4.6.2.2 Saudi Arabia Radiation Monitoring and Safety Market by Composition
10.4.6.2.3 Saudi Arabia Radiation Monitoring and Safety Market by Application
10.4.6.3 U.A.E Radiation Monitoring and Safety Market
10.4.6.3.1 U.A.E Radiation Monitoring and Safety Market by Product
10.4.6.3.2 U.A.E Radiation Monitoring and Safety Market by Composition
10.4.6.3.3 U.A.E Radiation Monitoring and Safety Market by Application
10.4.6.4 Rest of Middle East and Africa Radiation Monitoring and Safety Market
10.4.6.4.1 Rest of Middle East and Africa Radiation Monitoring and Safety Market by Product
10.4.6.4.2 Rest of Middle East and Africa Radiation Monitoring and Safety Market by Composition
10.4.6.4.3 Rest of Middle East and Africa Radiation Monitoring and Safety Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Radiation Monitoring and Safety Market Overview
10.5.2 South and Central America Radiation Monitoring and Safety Market Forecasts and Analysis
10.5.3 South and Central America Radiation Monitoring and Safety Market Forecasts and Analysis - By Product
10.5.4 South and Central America Radiation Monitoring and Safety Market Forecasts and Analysis - By Composition
10.5.5 South and Central America Radiation Monitoring and Safety Market Forecasts and Analysis - By Application
10.5.6 South and Central America Radiation Monitoring and Safety Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Radiation Monitoring and Safety Market
10.5.6.1.1 Brazil Radiation Monitoring and Safety Market by Product
10.5.6.1.2 Brazil Radiation Monitoring and Safety Market by Composition
10.5.6.1.3 Brazil Radiation Monitoring and Safety Market by Application
10.5.6.2 Argentina Radiation Monitoring and Safety Market
10.5.6.2.1 Argentina Radiation Monitoring and Safety Market by Product
10.5.6.2.2 Argentina Radiation Monitoring and Safety Market by Composition
10.5.6.2.3 Argentina Radiation Monitoring and Safety Market by Application
10.5.6.3 Rest of South and Central America Radiation Monitoring and Safety Market
10.5.6.3.1 Rest of South and Central America Radiation Monitoring and Safety Market by Product
10.5.6.3.2 Rest of South and Central America Radiation Monitoring and Safety Market by Composition
10.5.6.3.3 Rest of South and Central America Radiation Monitoring and Safety Market by Application
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL RADIATION MONITORING AND SAFETY MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. RADIATION MONITORING AND SAFETY MARKET, KEY COMPANY PROFILES
13.1. LANDAUER
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. MIRION TECHNOLOGIES, INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. LUDLUM MEASUREMENTS, INC.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. THERMO FISHER SCIENTIFIC INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. RDC, INC.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. ARROW-TECH, INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. CENTRONIC LIMITED
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. AMRAY RADIATION PROTECTION
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. ARKTIS RADIATION DETECTORS LTD
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. S.E. INTERNATIONAL, INC.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. LANDAUER
2. Mirion Technologies, Inc.
3. Ludlum Measurements, Inc.
4. Thermo Fisher Scientific Inc.
5. RDC, Inc.
6. Arrow-Tech, Inc.
7. Centronic Limited
8. Amray Radiation Protection
9. Arktis Radiation Detectors Ltd
10. S.E. International, Inc.
11. RAE Systems
12. Canberra Industries, Inc.
13. Atomtex SPE
14. Bar-Ray Products, Inc.
15. ECOTEST Group
16. Ultra Electronics
17. Polimaster
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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