Non-ionizing radiation refers to electromagnetic radiation that does not have sufficient energy per quantum so as to ionize the atoms or molecules. Some of the most popular types of non-ionizing radiation include visible light, microwave, ultraviolet (UV) wave, radio (excluding microwave), and extremely low frequency (ELF) energy. With the tremendous rise in the electronics and telecommunication sector, the number of non-ionizing radiation sources has increased dramatically, in the past few decades. However, exposure to such radiation causes several health hazards including damage to skin, body tissues, and eyes.

With the continual anticipated growth across the electronics and wireless communication sector, the threat of non-ionizing radiation is projected to remain on the rise in the following years. Subsequently, detection and measurement devices for non-ionizing radiation have witnessed profound adoption across different applications. Due to increasing health issues (caused by electromagnetic radiation) coupled with rising awareness among the people, the non-ionizing radiation detection and measurement equipment market is set to exhibit robust growth during the forecast period.

In order to help strategic decision makers, the report also includes competitive profiling of the leading non-ionizing radiation detection equipment vendors, their business strategy analysis, market positioning, and key developments. Some of the major players profiled in the report are Narda Safety Test Solutions, Mirion Technologies, Inc., Wavecontrol SL, Osun Technologies, LLC, Extech (FLIR Systems) and others. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the non-ionizing radiation detection equipment industry
• Comparative analysis for different segments for the years 2021 & 2030
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis including the positioning of market players and their business strategy analysis
• Trailing 2-Year market size data (2020 – 2021)
• SRC (Segment-Region-Country) Analysis

As of 2021, the overall non-ionizing radiation detection, measurement, and safety devices market worldwide is dominated by the handheld radiation detection segment. The segment contributed to more than forty percent of the total revenue generated worldwide, in 2021. Handheld/portable detection equipment are small-sized and hence offer high ease of usage. Subsequently, these have been the preferred type of non-ionizing radiation detection equipment across various applications. However, due to rising safety concerns and inclination towards body-worn devices, the personal detection equipment segment is projected to demonstrate the highest growth in the market during the forecast period.

The overall non-ionizing radiation detection equipment market is led by the North America region, contributing to more than 40% of the total market revenue, as of 2021. The market her is majorly supported by the U.S. having strong penetration as well as awareness regarding radiation detection equipment. The region is projected to remain dominant in the following years due to factors such as strong prevalence of advanced wireless communication technology, IoT and electronic devices. In addition, stringent regulations, especially in the healthcare sector, is another major factor supporting the market growth in North America. Europe follows North America, in terms of revenue, in the overall market. The region is principally governed by the Western Europe countries. Asia Pacific is projected to exhibit the highest growth rate during the forecast period.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Non-Ionizing Radiation Equipment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Non-Ionizing Radiation Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Non-Ionizing Radiation Equipment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Non-Ionizing Radiation Equipment market?
• Which is the largest regional market for Non-Ionizing Radiation Equipment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Non-Ionizing Radiation Equipment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Non-Ionizing Radiation Equipment market worldwide?