At 5.2% CAGR, Asia Pacific Radiation Hardened Feedback Sensors Market is Projected to be Worth US$ 51.18 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific radiation hardened feedback sensors market was valued at US$ 34.20 million in 2023 and is expected to reach US$ 51.18 million by 2031, registering a CAGR of 5.2% from 2023 to 2031. Emerging medical applications and miniaturization of radiation hardened feedback sensors are among the critical factors attributed to drive the Asia Pacific radiation hardened feedback sensors market growth.

Radiation hardened feedback sensors play a crucial role in ensuring the safety, accuracy, and reliability of medical equipment used in the healthcare industry. These sensors are integrated into a variety of medical equipment, including gamma rays, X-rays, and electron beams, by making them withstand high levels of radiation. Radiation hardened feedback sensors are primarily integrated into radiation therapy equipment to support doctors in treating cancer patients. Radiation therapy, also known as radiotherapy, is the most common treatment mode for cancer patients, where high-energy radiation beams are used to target and destroy cancerous cells, which require radiation hardened feedback sensors to monitor various parameters, including dose delivery, beam density, and beam positioning. Healthcare professionals use radiation hardened feedback sensors to ensure the delivery of accurate and precise treatment by minimizing damage to healthy tissues.

The growing number of cancer patients and rising demand for technologically advanced medical equipment by healthcare professionals are creating opportunities in the market. Radiation hardened feedback sensors offer significant benefits to the medical industry by ensuring continuous and reliable operation over extended periods. Healthcare professionals use radiation hardened feedback sensors to improve the overall performance and safety of their medical devices and equipment.

On the contrary, high cost associated with production of radiation hardened feedback sensors hampers the growth of Asia Pacific radiation hardened feedback sensors market.

Based on sensor, the Asia Pacific radiation hardened feedback sensors market is segmented into resolver, encoder, hall effect sensor, potentiometer, and others. The resolver segment held 30.6% market share in 2023, amassing US$ 10.47 million. It is projected to garner US$ 16.58 million by 2031 to register 5.9% CAGR during 2023–2031.

By application, the Asia Pacific radiation hardened feedback sensors market is segmented into space, aerospace and defense, nuclear power plant, and others. The space segment held 37.9% share of Asia Pacific radiation hardened feedback sensors market in 2023, amassing US$ 12.98 million. It is anticipated to garner US$ 20.35 million by 2031 to expand at 5.8% CAGR during 2023–2031.

Based on country, the Asia Pacific radiation hardened feedback sensors market is categorized into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 27.8% share of Asia Pacific radiation hardened feedback sensors market in 2023. It was assessed at US$ 9.52 million in 2023 and is likely to hit US$ 15.38 million by 2031, registering a CAGR of 6.2% during 2023–2031.

Key players operating in the Asia Pacific radiation hardened feedback sensors market are Power Device Corporation, Honeywell International Inc, Magics Technologies NV, and Netzer Precision Position Sensors A.C.S. Ltd., among others.

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