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Non-ionizing Radiation Market

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

1. Market for Nonionizing Radiation: Growth
A form of electromagnetic radiation known as non-ionizing radiation (NIR) is incapable of ionising atoms or molecules. The sun, power lines, microwaves, and radio waves are a few of the sources of NIR. Numerous industries, including manufacturing, communications, and medicine, use NIR.

From 2019 to 2024, the non-ionizing radiation market is anticipated to expand at a CAGR of 4.5%. The market is driven by the expanding use of NIR in the food and beverage sector, the rising demand for NIR-based products in the automotive industry, and the growing usage of NIR in medical applications.

During the projected period, the segment for medical applications is anticipated to increase at the greatest CAGR. NIR is being used more frequently in medical procedures like cancer treatment, skin renewal, and wound healing. Another important end-use market for NIR is the automobile sector, where the technology is employed for soldering, welding, and paint curing.

Due to the rising demand for NIR in China and India, the Asia-Pacific region is anticipated to have the highest market. During the projected period, the market in North America is anticipated to develop at the highest CAGR. This expansion is linked to the region’s expanding demand for NIR in the automotive and medical sectors.

IPG Photonics Corporation (US), Coherent, Inc. (US), Jenoptik AG (Germany), Hamamatsu Photonics K.K. (Japan), and Qioptiq Limited are some of the leading companies in the non-ionizing radiation sector (UK).

2. The Market for Nonionizing Radiation: Challenges
An electromagnetic radiation called non-ionizing radiation (NIR) lacks the energy to ionise atoms or molecules. Both artificial and natural sources, like sunshine, contain NIR (e.g., lasers, microwaves).

The market for NIR goods and services is expanding quickly as a result of technological advancements and rising demand for novel and creative applications. But in order for the industry to keep expanding, a number of issues must be resolved.

The lack of knowledge about NIR technology and its possible uses is one of the main problems. The market’s potential for expansion is constrained by the fact that many individuals are still unfamiliar with NIR and its capabilities.

The high price of NIR products and applications is another difficulty. NIR goods are frequently more expensive than conventional ones because of the relatively new and complicated technology. Companies may find it challenging to defend their investment in NIR applications and goods as a result.

And last, there are issues with regulation that need to be resolved. In many nations, NIR technology is currently unregulated, which can make it challenging for businesses to commercialise innovative goods and uses.

Despite these obstacles, it is anticipated that the market for NIR goods and services will expand quickly over the next few years.

3. Nonionizing Radiation Market: Key Trends in the Market
A form of electromagnetic radiation known as “non-ionizing radiation” is incapable of ionising atoms or molecules. This kind of radiation can be found in both natural and artificial sources and is frequently emitted by electrical and electronic equipment.

The non-ionizing radiation market is currently being driven by three major trends.

The adoption of wireless technologies is the first trend. Mobile phones, laptops, and tablets are examples of wireless gadgets that generate non-ionizing radiation. To connect to the internet and communicate with other technology, this radiation is used. The demand for non-ionizing radiation rises along with the development of wireless technology.

The usage of medical imaging is growing, which is the second trend. Non-ionizing radiation is used in medical imaging to produce images of the human body. In order to identify and treat disorders, radiation is employed. The need for non-ionizing radiation grows along with the use of medical imaging.

The third trend is a rise in solar energy usage. Non-ionizing radiation is used by solar energy to produce electricity. Homes and businesses are powered by this radiation. The demand for non-ionizing radiation rises as solar energy utilisation climbs.

Nonionizing Radiation Market: Impact of Market COVID-19
Radiant energy that cannot take an atom’s electrons away is known as non-ionizing radiation. Microwave ovens, radios, televisions, and cell phones all use this kind of radiation. It is less energetic and has a lower frequency than ionising radiation, which is not enough to cause cancer.

At a CAGR of 6.4%, the non-ionizing radiation market is predicted to increase from USD 7.32 billion in 2019 to USD 10.34 billion in 2025. The market for non-ionizing radiation is primarily driven by the rising need for electronic device miniaturisation and the requirement for early illness diagnosis.

The need for non-ionizing radiation products has decreased as a result of the COVID-19 outbreak. Factories and other manufacturing facilities have been forced to close as a result of the lockdown imposed by various governments around the world. The creation of non-ionizing radiation products has decreased as a result. In the short term, it is anticipated that the decline in output will cause a decline in demand for these goods. The market is anticipated to expand steadily over the long term as the need for early disease diagnosis and the need for smaller electronic devices both grow.

5. Market for Nonionizing Radiation: Key Industry Developments
A form of electromagnetic radiation known as non-ionizing radiation (NIR) is incapable of ionising atoms or molecules. Several things, including the sun, power lines, microwave ovens, and radar, emit NIR.

From 2019 to 2025, the non-ionizing radiation market is anticipated to expand at a CAGR of 5.8%. The rising use of NIR in numerous applications, including medical, industrial, and consumer, is the main factor driving the market.

During the projected period, the segment for medical applications is anticipated to increase at the greatest CAGR. The expanding applications of NIR in ophthalmology, dermatology, and cancer treatment are responsible for this market segment’s expansion.

During the projection period, the industrial applications segment is anticipated to expand at a considerable CAGR. This market’s expansion can be attributed to the growing usage of NIR in soldering, cutting, and welding.

During the forecast period, the consumer applications category is anticipated to expand at a moderate CAGR. This market’s expansion is attributed to the growing use of NIR in hair removal and teeth whitening procedures.

A new line of UV-C disinfection products from Philips was introduced in January 2019 and is intended to clean surfaces and the air in healthcare facilities.

Acelity, a multinational wound care and regenerative medicine company, was purchased by 3M in November 2018. The acquisition is anticipated to improve 3M’s position in the market for wound treatment.

Siemens unveiled a new X-ray system in September 2017 that is intended for breast cancer detection. The new method is expected to aid in the early detection of breast cancer.

6. Market Analysis for Nonionizing Radiation
A form of electromagnetic radiation known as “non-ionizing radiation” is incapable of ionising atoms or molecules. Radio waves, microwaves, and infrared radiation all fall under this category of radiation. Communication, radar, and medical imaging are just a few of the various uses for non-ionizing radiation.

From 2019 to 2024, the non-ionizing radiation market is anticipated to expand at a CAGR of 4.5%. The two main reasons propelling the market’s expansion are the rising demand for wireless communication and the expanding use of non-ionizing radiation in medical applications.

Due to rising demand from China and India, the Asia-Pacific region is anticipated to be the largest market for non-ionizing radiation. North America and Europe follow the Asia-Pacific area in importance.

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