A number of key players are competing to secure larger shares of the inorganic scintillators market by launching new products. Based on the revenues gained from the sales of inorganic scintillators products, the overall inorganic scintillators market is dominated by Saint-Gobain S.A., Hamamatsu Photonics K.K., and Dynasil Corporation of America in 2015. Other players in these markets include Hitachi Metals Group (Japan), Rexon Components, Inc. (U.S.), Detec (Canada), Toshiba Materials Co., Ltd. (Japan), Scintacor (U.K.), EPIC Crystal Company Limited (China), Amcrys (Ukraine), Alpha Spectra, Inc. (U.S.), Shanghai SICCAS High Technology Corporation (China), and Nihon Kessho Kogaku Co., Ltd. (Japan).
Saint-Gobain S.A. (France) was a global leader in inorganic scintillators market in 2015. The company strategically focuses on expanding its business to strengthen its foothold in the inorganic scintillators market. For instance, in January 2016, the company inaugurated its state -of-the-art research center at IIT-Madras Research Park, India, with an investment of INR 200 crores. This new R&D facility enables the company to establish its presence in India as well as strengthen its global R&D network. The company has a strong focus on customer orientation and focuses on catering to its customers’ demands. The company engages in a number of international conferences in the areas of defense and medical imaging. For instance, the company’s detectors for radiation detection were featured at the SPIE Defense, Security, and Sensing conference held in Maryland, U.S. in May 2013. Such initiatives have further enhanced the company’s visibility. The company has gained a major share in the inorganic scintillators market on account of its comprehensive product portfolio, wide geographical reach, focus on organic growth strategies, as well as constant focus on research and developmental activities.
Hamamatsu Photoniks K.K. was another leading player in photonics technology and has been operating in the market for about 63 years. The company invested USD 96.7 million in R&D in 2015, as compared to USD 91.4 million in 2014. This has enabled the company to develop innovative products and technologies. For instance, in October 2013, the company launched the basic technology for its exclusive dual-sided scintillation detection (DSSD) method at the Photon Fair 2013 in Hamamatsu, Japan, held from November 7 to 9. Organic growth through expansion is a key area of focus for the company. For instance, in January 2014, the company established a new building in its subsidiary company Beijing Hamamatsu Photon Techniques, Inc. (China). The new facility is used for glass processing and the manufacturing of scintillators. With a comprehensive product portfolio, wide geographical reach, and focus on organic growth strategies and R&D, the company has succeeded in creating a strong foothold in the inorganic scintillators market.
Dynasil Corporation of America (U.S) is one of the leading players in the global inorganic scintillators market. As part of its growth strategy, the company focuses on developing and expanding its research portfolio, commercializing technologies developed by the Contract Research segment, organic growth through investments in the existing businesses, and identification and investment in technologies with growth potential in the market. For instance, RMD developed the CLYC dual -mode nuclear detection crystal technology for the Department of Homeland Security. This technology is being commercialized in cooperation with the Optics segment as it has a huge potential to be used in national security. The company considers the possession of intellectual property a strategic advantage. It has an extensive patent portfolio consisting of 63 issued U.S. patents and 66 pending patent applications (As of September 2015). These patents enable the company to dominate the marketplace by creating a new and unique identity for its products. The company has gained a substantial share in the inorganic scintillators market on account of its comprehensive product portfolio, strong geographic presence, strong focus on R&D, and focus on organic growth strategies.
Players operating in the inorganic scintillators market adopted the strategy of expansions being the most-preferred strategy (24.5% of the total strategic developments in the market during 2013 to 2016). The key players that have adopted this strategy include Hamamatsu Photonics K.K. (Japan), Rexon Components, Inc. (U.S.), Scintacor (U.K.), and Saint-Gobain S.A. (France).
Inorganic Scintillators Market by Scintillation Material (NaI, CsI, LSO & LYSO), Type (Alkali Halides, Rare Earth Metals), & Application (Healthcare, Homeland Security & Defense, Nuclear Power Plants) - Analysis & Global Forecast to 2021
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