The global radiation resistant fibers market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). A radiation-resistant fiber is also known as radiation-tolerant fiber. It is a type of optical fiber that exhibits an extremely high resistance and relatively reduced performance degradation when exposed to various types of radiations including high-energy gamma rays, X-flash, and other ionizing radiations.
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The rising implementation of radiation-resistant fibers in space and nuclear power plant facilities for substantially efficient resistance to radiation is expected to drive the growth of the market. The growing demand for beam loss monitoring systems and identification systems for high-energy charged particles are anticipated to boost the demand for radiation-resistant fibers across the globe. Additionally, the radiation-resistant fibers are widely adopted for transferring information in the infrared region of the spectrum which in turn, is projected to elevate the market growth at a significant rate during the forecast period. Radiation-resistant fibers are predicted to be used in UV-irradiation of medicines to protect them from harmful radiation. This factor is anticipated to create lucrative growth opportunities for the global radiation-resistant fibers market during the forecast period.
Moreover, the key players present in the global radiation-resistant fibers market include OELABS Corp., iXblue Photonics Corp., Heracle Corp., and others adopted various strategies, such as product launches, and mergers & acquisitions, among others to remain competitive in the market. For instance, in February 2021, iXblue Photonics signed a partnership agreement with Photonics Bretagne to commercialize their micro-constructed and multi-core fibers in the global market. Additionally, in May 2019, iXblue announced the launch of the radiation-sensitive fiber for resistant radiation monitoring solutions.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Competitive Landscape- OELABS Corp., iXblue Photonics Corp., Heracle Corp., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Radiation Resistant Fibers Market Report Segmentation
By Type
- Single-Mode Fibers
- Multi-Mode Fibers
By Application
- Aerospace
- Military
- Atomic Energy Industry
- Petroleum and Offshore Exploration
- Medical Equipment
- Basic Research
- Others
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