Global Radiation Isotope Identification Devices (RIID) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Radiation Isotope Identification Devices (RIID) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Radiation Isotope Identification Devices (RIIDs) are used to perform spectral analysis to distinguish between different radioisotopes. Responders use field-deployable systems to distinguish legitimate radiation sources from illegal radiation sources. The Radiation Isotope Identification Devices (RIID) is the primary tool used by police, hazardous materials specialists, and other first responders, alike, to identify radionuclides present in radioactive material. For example, by identifying the radioisotopes present in radioactive material, first responders can assess the level of threat they pose and take appropriate action.

Market Overview:

The latest research study on the global Radiation Isotope Identification Devices (RIID) market finds that the global Radiation Isotope Identification Devices (RIID) market reached a value of USD 154.79 million in 2022. It’s expected that the market will achieve USD 231.47 million by 2028, exhibiting a CAGR of 6.94% during the forecast period.

Persistent and evolving threats to national security, public safety, and critical infrastructure have increased

Combating terrorism has always been one of the global priorities. As part of this effort, preventing the smuggling of nuclear and radioactive materials that could be used by terrorists for nuclear weapons or radioactive dispersal devices has become an important national mission security objective. For example, the Department of Homeland Security (DHS) is responsible for providing radiation detection capabilities at U.S. ports of entry. On April 15, 2005, the President directed the creation of the Domestic Nuclear Detection Office (DNDO) within the Department of Homeland Security, whose responsibilities include acquiring and supporting the deployment of radiation detection equipment. CBP continues its traditional screening function at ports of entry by intercepting hazardous nuclear and radioactive material through the use of radiation detection equipment, including portal monitors. CBP officers also use Radiation Isotope Identification Devices (RIID), handheld devices designed to identify different types of radioactive material, such as those used in medicine or industry, naturally occurring radiation sources, or weapons-grade materials. Hence, the increase in ongoing and evolving threats to national security, public safety, and critical infrastructure is expected to drive the Radiation Isotope Identification Devices (RIID) market.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Teledyne FLIR is one of the major players operating in the Radiation Isotope Identification Devices (RIID) market, holding a share of 32.36% in 2023.

Teledyne FLIR designs, develops, manufactures, markets, and distributes technologies that enhance perception and awareness. The company brings innovative sensing solutions to everyday life through thermal imaging, visible light imaging, video analytics, measurement and diagnostics, and advanced threat detection systems.

Teledyne FLIR offers a diverse product portfolio serving numerous applications in government and defense, industrial and commercial markets. The company's products help first responders and military personnel protect and save lives, improve industry efficiency, and innovate consumer-facing technologies. Teledyne FLIR works to enhance public safety and well-being, improve energy and time efficiency, and contribute to healthy and smart communities.

Thermo Fisher Scientific Inc. is a global leader in serving science. The company's mission is to help customers make the world healthier, cleaner, and safer. Whether customers are accelerating life science research, solving complex analytical challenges, improving patient diagnosis and treatment, or increasing productivity in their laboratories, Thermo Fisher is here to support them. Thermo Fisher's global team of more than 90,000 associates provides an unparalleled combination of innovative technology, procurement convenience, and pharmaceutical services through their industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services, and Patheon.

Segmentation Overview:

Among different product types, NaI Detector segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Homeland Security segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Radiation Isotope Identification Devices (RIID) market covered in Chapter 3:

Symmetrica
Mirion Technologies
Kromek
Smiths Detection
ATOMTEX
Thermo Fisher
Berkeley Nucleonics (BNC)
AMETEK
CapeSym
Polimaster
Teledyne FLIR

In Chapter 4 and Chapter 14.2, on the basis of types, the Radiation Isotope Identification Devices (RIID) market from 2018 to 2029 is primarily split into:

NaI Detector
LaBr Detector
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Radiation Isotope Identification Devices (RIID) market from 2018 to 2029 covers:

Homeland Security
Clandestine Surveillance
Industrial
Medical
Radiation Safety
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)