About Betavoltaic Device
A betavoltaic device is also called betavoltaic cell or betavoltaic battery is a kind of nuclear battery that produces electric flow from beta particles (electrons) discharged from radioactive material, utilizing semiconductor intersections. A typical source utilized is the hydrogen isotope tritium. Dissimilar to most nuclear force sources which utilize nuclear radiation to create heat which then, at that point is utilized to create power, betavoltaic devices utilize a non-warm change measure, changing over the electron-opening sets delivered by the ionization trail of beta particles crossing a semiconductor. Betavoltaic power sources (and the connected innovation of alphavoltaic power sources are especially appropriate to low-control electrical applications where the long existence of the energy source is required.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 9.6% |
The leading players in the market are developing new cost-effective devices by making new strategic partnerships with other companies. The companies are continuously doing research and developments and make technological advancements in the betavoltaic devices and availing competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Betavoltaic Device market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
City Labs, Inc. (United States), BetaBatt, Inc. (United States), Direct Kinetic Solutions (United States), Widetronix (United States), NUST MISIS (Russia) and Qynergy Corp (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Betavoltaic Device market by Type (Tritium, Krypton, Nickel and Others), Application (Aerospace, Electronics & Communication, Healthcare, Defense and Others) and Region.
On the basis of geography, the market of Betavoltaic Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 24 Sept 2020, Direct Kinetic Solutions announced that they have signed a joint partnership with SPiN - Space Products and Innovation GmbH, to further develop technologies. They are looking to embed a radioisotopic power system (RPS) to the driver library of SPiN's MA61C, (a universal adaptor for satellite manufacturers) as a new innovative solution for customers.
Market Drivers
- Rise in Investment in Research & Development of Cost-effective Betavoltaic Devices
- The increasing adoption of betavoltaic cells to manufacture cardiac pacemakers
Opportunities
- With continuous research and development, focusing on minimizing development cost
- Developing batteries that are powerful enough to run vehicles
Restraints
- The availability of cheap alternatives for betavoltaic devices
- Demand for traditional electrochemical batteries is predominantly higher
Challenges
- The longevity of electrochemical batteries than betavoltaic devices
Key Target Audience
Industrial Associations, Government Regulatory Bodies, Government Research Institutions, Raw Material Suppliers, Aerospace Institutions and Communication Equipment Provider
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.