The global scintillator market is on a path of significant growth, with a projected valuation of $479.16 million by 2020. This rise is anticipated to occur at a substantial Compound Annual Growth Rate (CAGR) of 5.62% from 2014 to 2020. The market's expansion is driven by several key growth drivers and industry trends.

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Growth Drivers:

Medical Imaging Advancements: The adoption of scintillators in medical imaging, including X-ray and gamma ray imaging, is a primary growth driver. Scintillators enhance the quality of medical images and are critical in early disease diagnosis.

Radiation Detection: Scintillators are used in radiation detection equipment, vital for nuclear power plants, environmental monitoring, and homeland security, driving their demand.

Rising Research Activities: Increased research activities in the field of nuclear physics and material science are fueling the demand for scintillators.

Industrial Applications: Scintillators are used in various industrial applications, such as non-destructive testing, to detect material defects and ensure product quality.

Growing Security Concerns: Scintillators play a crucial role in security screening equipment, such as baggage scanners and radiation detectors, as security concerns continue to rise.

Industry Trends:

Improved Scintillator Materials: Ongoing advancements in scintillator materials enhance their efficiency and sensitivity in various applications.

Miniaturization: The trend toward smaller, more portable devices, like handheld radiation detectors, drives the development of miniaturized scintillators.

Hybrid Imaging: The integration of scintillators with other imaging technologies, such as Positron Emission Tomography (PET) and Single Photon Emission Computed Tomography (SPECT), opens new avenues in medical imaging.

Environmental Sensing: Scintillators are increasingly used for environmental monitoring, including detecting radiation levels and nuclear contamination.

Forecast Analysis, Size & Share, Revenue Generation:

The projected valuation of the scintillator market at $479.16 million by 2020 signifies substantial growth opportunities.
The market size and share analysis indicate the expanding role of scintillators across various industries.
Revenue generation is driven by the demand for high-performance scintillator materials in medical, industrial, and security applications.

The projected CAGR of 5.62% underscores the pivotal role of scintillators in various applications, from healthcare to security and beyond. As technology continues to advance and the need for radiation detection and imaging grows, the scintillator market is set for significant expansion.