The Radiation Detection, Monitoring, And Safety Market size is estimated at USD 3.44 billion in 2024, and is expected to reach USD 4.44 billion by 2029, growing at a CAGR of 5.20% during the forecast period (2024-2029).
The increased stability of manufacturing industries will likely drive the market's growth during the forecast period. Using radiography testing in the manufacturing industry to test the quality of manufactured goods and inspect flaws is also likely to fuel the market.
The radiation detection, monitoring, and safety market is fragmented. Companies are investing in upcoming technological advancements to increase their portfolio. Several startups are innovating with drones and mini-planes, providing equal competition to the existing players. The companies Arktis Radiation Detectors Ltd, Amray Group Limited, Burlington Medical LLC, Centronic Ltd, and Teledyne FLIR Systems INC leverage strategic collaborative initiatives to increase their market share and profitability.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook