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Non-ionizing Radiation EMF Detection Measurement and Safety Market Analysis by Detector (High Frequency, Low Frequency and Others); by Device Type (Personal Monitoring Device, Handheld Monitoring Device and Area Monitoring Device Picking); and End-Use Industry (Residential, Healthcare, Military & Homeland Security, Manufacturing, Laboratory & Education, Telecommunications and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Mirion Technologies: Mirion Technologies’ medical segment which comprised of Dosimetry Services, Sun Nuclear, CIRS, BIODEX and Capintec business units have been rebranded collectively into Mirion Medical Group. It will enhance quality and ensure patient safety.
  • Spectris: A purchase agreement has been signed by Spectris to acquire Dytran Instruments Inc., for 82 million USD. This acquisition will benefit both companies and help enhance capabilities and product development.

Global Non-ionizing Radiation EMF Detection Measurement and Safety Market Size, Forecast, and Trends Highlights Over 2022 - 2031

Non-ionizing-Radiation-EMF-Detection-Measurement-and-Safety-Market-Size

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 by growing at a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of ~USD 50 billion in the year 2021. The market is estimated to grow on the back of increasing popularity of Internet of Things (IoT) based devices, huge number of devices are connected through internet that has resulted in increased demand for radiation detection devices. As per the data, the total number of IoT based devices globally was around 9.5 billion in 2020 and this figure is projected to cross 26 billion by the end of 2030.

Non-ionizing-Radiation-EMF-Detection-Measurement-and-Safety-Market-Scope

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The global non-ionizing radiation EMF detection measurement and safety market is also estimated to witness growth on account of increasing demand for better medical devices and machines. As per the data, the export of medical devices in India was around USD 2.4 billion in 2019-20, which is projected to cross ~USD 9 billion by the end of 2025. Solutions in non-ionizing radiation technologies are used in numerous healthcare imaging equipment including UV scans, medical infrared thermography and others. These machines are widely adopted in effective and early detection of various diseases. Moreover, the adoption of non-ionizing radiation detectors and emf detection devices in various industries including telecommunications, manufacturing, residential is anticipated to boost the market growth in the coming years.

Global Non-ionizing Radiation EMF Detection Measurement and Safety Market: Growth Drivers and Challenges

Growth Drivers

  • Surge in Adoption of Smartphones According to the data, in 2021, the number of smartphone subscriptions globally was around 6.1 billion, up from 5 billion in 2018. Furthermore, this figure is expected to reach 7 billion by the end of 2024.
  • Rising Funds of Homeland SecurityAs per data, in 2022, in the United States, Department of Homeland Security (DHS) has distributed around ~USD 180 billion among its 17 sub-components.
  • Growth of Healthcare IndustryAccording to the data, in India, around USD 11 billion was allocated to the Ministry of Health and Family Welfare in the Union Budget for 2022-23. Furthermore, by the end of 2022, the Indian healthcare infrastructure is estimated to exceed the valuation of ~USD 340 billion.
  • Increased Research & Development Expenditure – As per data by the World Bank, global research and development expenditure in proportion with gross domestic product (GDP) was around 2.63% in 2020, up from 2.2% in 2018.
  • Rise of Electronics Manufacturing Industry According to statistics, by the end of 2025, the Indian electronics manufacturing industry is estimated to reach ~USD 515 billion.

Challenges

  • Strict Rules and Regulation by Government
  • Technological Challenges are estimated to Hinder the Market Growth
  • Lack of Awareness about the Benefits of Products in the Market

The non-ionizing radiation EMF detection measurement and safety 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 rising adoption of hand-held monitoring devices as they possess ease in usage. The modern EMF meters are able to test electromagnetic field radiation and temperature at the same time. These are widely adopted in measurement of home appliances such as television, refrigerator, laptop and others. According to statistics, by the end of 2025, laptop shipments are projected to reach 270 million units. Hence, such factors are therefore estimated to foster the segment growth in the coming years.

Global Non-ionizing Radiation EMF Detection Measurement and Safety Market Regional Synopsis

Regionally, the global non-ionizing radiation EMF detection measurement and safety market is studied 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 projected to hold the largest market share by the end of 2031. This can be accredited to the presence of large number of non-ionizing radiation EMF detector manufactures along with rising adoption of IoT based devices in the region. According to statistics, there are estimated to be around 5 billion IoT based connections in North America by the end of 2025. Moreover, rising technological advancements in the industry coupled with the increasing awareness among consumers about the harmful health hazards caused by radiation exposure are expected to drive the growth of the non-ionizing radiation EMF detection measurement and safety market during the forecast period.

Further, the market in the Asia Pacific is estimated to register the significant growth during the forecast period, owing to the expansion of healthcare industry along with growth of manufacturing industry. Moreover, the increasing adoption of Internet of Things based devices in China is also estimated to propel the non-ionizing radiation EMF detection measurement and safety market growth in the coming years. As per data, in China, there were around 5 billion IoT based connections in 2019, which is estimated to reach approximately 14 billion by the end of 2024.

Non-ionizing-Radiation-EMF-Detection-Measurement-and-Safety-Market

The global non-ionizing radiation EMF detection measurement and safety market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global non-ionizing radiation EMF detection measurement and safety market includes the following segments:

By Detector

  • High Frequency
  • Low Frequency
  • Others

By Device Type

  • Personal Monitoring Device
  • Handheld Monitoring Device
  • Area Monitoring Device Picking

By End-Use Industry

  • Residential
  • Healthcare
  • Military & Homeland Security
  • Manufacturing
  • Laboratory & Education
  • Telecommunications
  • Others
 

Top Featured Companies Dominating the Global non-ionizing radiation EMF detection measurement and safety Market

  • Osun Technologies Inc
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • 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.

 

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