The Europe Nano Radiation Sensors Market would witness market growth of 6.3% CAGR during the forecast period (2023-2029).
Due to the increasing need for radiation detection and monitoring equipment across a variety of industries, the market for nano radiation sensors is anticipated to expand quickly. Given the growing need for radiation therapy and imaging, the healthcare sector is anticipated to be a key growth driver. In addition, there is a rising need for precise and effective radiation detection and monitoring equipment since radiation therapy and imaging is frequently utilized in diagnosing and treating cancer.
Higher sensitivity and greater accuracy are just two benefits that nano radiation sensors have over conventional sensors, making them particularly suitable for use in medical applications. In a nanosensor technology, which uses silicon-based microfabrication and micromachining techniques, single-walled carbon nanotubes (SWNTs) have been utilized. As a result, nanosensors have achieved low detection limits for chemicals in the ppm-ppb concentration range.
More than 16 compounds have been subjected to tests and differentiations. Due to their vast surface area, high thermal and mechanical stability, low surface energy barrier, and higher sensitivity than most state-of-the-art systems, nanostructured chemical sensors are attractive for use in both commercial and military applications as well as in space and defense. With a high yield and low cost, the micromachining method can be used to make light and compact sensors on a wafer size for mass production.
Germany is renowned around the world for its great engineering and automotive industries. German automobiles have extremely valuable qualities such as innovation, dependability, safety, and design. Germany is by far the largest production and sales market in Europe. A better automotive environment is created in the nation due to its top-notch R&D infrastructure, full industrial value chain integration, and highly skilled labor. It enables businesses to create cutting-edge solutions that perfectly meet the needs for mobility in the future. Thus, the development of the automotive industry, which drives the use of microelectronics in the nation will create lucrative opportunities for the nano radiation sensors market growth in Germany.
The Germany market dominated the Europe Nano Radiation Sensors Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $26,700.2 Thousands by 2029. The UK market is anticipated to grow at a CAGR of 5.4% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 7.1% during (2023 - 2029).
Based on Application, the market is segmented into Healthcare, Consumer Electronics, Oil & Gas, Security & Defense, Power Plants and Others. Based on Type, the market is segmented into Scintillation Detectors, Gas-filled Detectors, and Solid-state Detectors. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Nano Radiation Sensors Market is Projected to reach USD 403.4 Million by 2029, at a CAGR of 6.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mirion Technologies, Inc., Fortive Corporation (Fluke Corporation), Hamamatsu Photonics K.K., Thermo Fisher Scientific, Inc., Baker Hughes Company, Canon Electron Tubes & Devices Co., Ltd. (Canon, Inc.), Kromek Group plc, PCE Instruments, First Sensor AG (TE Connectivity Ltd.), and NIHON KESSHO KOGAKU CO., LTD. (MITSUI MINING & SMELTING CO., LTD.).
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