Global Non-Ionizing Radiation EMF Detection Measurement and Safety Market by CAGR of ~5% During 2022 – 2031
Research Nester published a report titled “Non-ionizing Radiation EMF Detection Measurement and Safety Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global non-ionizing radiation EMF detection measurement and safety market in terms of market segmentation by detector, device type, end-use industry and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global non-ionizing radiation EMF detection measurement and safety market is anticipated to grow with a CAGR of ~5% during the forecast period, i.e., 2022-2031. The market is segmented by device type into personal monitoring device, area monitoring device picking and handheld monitoring devices. Out of these segments, handheld monitoring device segment is anticipated to garner the largest market share by the end of 2031, owing to the increasing adoption of handheld monitoring devices as they provide feasibility, portability and also enables ease in usage.
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The global non-ionizing radiation EMF detection measurement and safety market is estimated to garner a revenue of ~USD 75 billion by the end of 2031, up from a revenue of ~USD 50 billion in 2021. The market is anticipated to grow with increasing awareness among consumers about the adverse effects of radiation exposure on their health. Moreover, the rising adoption of electronic support measures (ESMs) and increasing demand for better medical equipment in the healthcare sector are also contributing to the growth of market.
Geographically, the global non-ionizing radiation EMF detection measurement and safety market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is estimated to garner the largest market share by the end 2031, owing to the presence of key manufacturers in the region. Apart from this, the market in Asia Pacific is projected to gain significant growth in the coming years.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rising Demand for Electronic and Internet of Things (IoT) based Devices to Drive the Market Growth
According to statistics, in India, the demand for electronic products is estimated to reach ~ USD 390 billion by the end of 2025, up from ~ USD 32 billion in 2020. Furthermore, the total estimated number of Internet of Things based devices worldwide was approximately 9.5 billion in 2020.
The surge in the adoption of Internet of Things based devices has resulted in increased connectivity of devices through Internet which ultimately leads to the growing demand for radiation detection devices. In addition, the increased use of electronic and electrical gadgets has resulted in an increase in electromagnetic pollution related to non-ionizing radiation, which is also rising demand for radiation detection devices. Hence, such factors are therefore estimated to drive the growth of global non-ionizing radiation EMF detection measurement and safety market over the forecast period.
However, the constant technical challenges and less awareness about the benefits of product in the market are expected to operate as key restraints to the growth of global non-ionizing radiation EMF detection measurement and safety market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global non-ionizing radiation EMF detection measurement and safety market which includes company profiling of WAVECONTROL, Brightsandz Pvt. Ltd., Mirion Technologies Inc., Sper Scientific, TES Electrical Electronic Corp., Narda Safety Test Solutions, Spectris Plc, General Tools & Instruments LLC, TECPEL Co. Ltd., Osun Technologies Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global non-ionizing radiation EMF detection measurement and safety market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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