Market Introduction
A linear accelerator system enables to boost the charged particles through a linear trajectory with the application of electromagnetic fields. They are used in various industries, especially for non-destructive testing (NDT), which performed to assess the properties of a diverse material without damaging them. Moreover, it is broadly used in scanning devices for vehicles and cargos since it does not affect the material being inspected and also saves cost and time during the material inspection in the security sector. For cargo screening, linear accelerators are used to ensure that there is no cash, drugs, gold, uranium, and cigarettes and other illicit substances in the shipping container. Several ports across the world depend on the X-ray scanners in order to scrutinize cargo for nuclear materials and block the illegal imports into their countries. Considering these factors, a large number of ports are highly focused on adopting a linear accelerator, which is based on high energy X-ray cargo scanners. They are also widely used in radiation therapy to treat cancer. The rising prevalence of cancer and increasing technological advancements are likely to drive the growth of the APAC linear accelerator market during the forecast period.
Market Overview and Dynamics
The linear accelerator in APAC is expected to grow from US$ 1108.85 million in 2019 to US$ 2204.39 million by 2027; it is estimated to grow at a CAGR of 9.3% from 2020 to 2027. The food industry has continuously strived to be in consonance with the modern developments that have been taken place in the food processing. Value addition, freshness, varied flavor and textures, preservation of nutrient profile, and shelf life are among the aspects that have been enhanced by implementing the latest technologies. However, food processing firms have been subjected to processing/manufacturing standards over the decades. According to the standards, processing companies and farmers have the greatest responsibility and concern for the food safety assurance. Moreover, they are required to prove that they have implemented diligence and traceability practices. As a result, the usage of non-thermal technologies comprising pulsed electric fields (PEF), high-pressure processing (HPP), accelerator technology, and UV are being discovered on a worldwide scale. The use of a linear accelerator is gaining momentum in food processing & preservation units, which is bolstering the growth of the APAC linear accelerator market.
The presence of emerging economies backed by industrialization, large population, and increasing disposal income in APAC are the major factors propelling the growth of the linear accelerator market. However, the outbreak of COVID-19 is expected to affect the economic growth of the APAC region. Although, China is the leading global manufacturing hub and raw material supplier of various industries, it is one the worst hit countries in APAC followed by India, where business activities were ceased due to 10 weeks nationwide lockdown. Other leading manufacturing economies like South Korea and Japan were also hit severely. Various measure such as travel bans, business shutdowns, and lockdown are taken by the governments across APAC to control the COVID-19 outbreak.
Key Market Segments
In terms of energy range, the 8 MeV to 12 MeV segment accounted for the largest share of APAC linear accelerator market in 2019. In terms of application, the radiation processing segment held the largest share of the APAC linear accelerator market in 2019. Further, in terms of industry, the medical segment held the largest share of the market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the linear accelerator market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Altair Technologies, Inc., BEVATECH GmbH, CGN Dasheng, Elekta AB, Diondo GmbH., Iotron Industries, Mitsubishi Heavy Industries Machinery Systems, LTD, Varex Imaging Corporation, and Varian Medical Systems, Inc. are among the major companies listed in the report.
Reasons to buy report
APAC Linear Accelerator Market Segmentation
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1108.85 Million |
| Market Size by 2027 | US$ 2204.39 Million |
| CAGR (2020 - 2027) | 9.3% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Energy Range
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Linear Accelerator Market is valued at US$ 1108.85 Million in 2019, it is projected to reach US$ 2204.39 Million by 2027.
As per our report Asia Pacific Linear Accelerator Market, the market size is valued at US$ 1108.85 Million in 2019, projecting it to reach US$ 2204.39 Million by 2027. This translates to a CAGR of approximately 9.3% during the forecast period.
The Asia Pacific Linear Accelerator Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Linear Accelerator Market report:
The Asia Pacific Linear Accelerator Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Linear Accelerator Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Linear Accelerator Market value chain can benefit from the information contained in a comprehensive market report.
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