Market Overview:
The global cadmium zinc telluride (CZT) crystal market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for CZT crystals from various applications such as medical imaging testing equipment, non-destructive testing detector, thermal imager and night vision, nuclear material detection detector, and other applications. In addition, the growing demand for cadmium zinc telluride (CZT) crystals from defense and security sector is also contributing to the growth of this market.
 Crystal Industry Outlook.svg)
Product Definition:
A Cadmium Zinc Telluride (CZT) Crystal is a type of crystal that is made up of Cadmium, Zinc and Telluride. These crystals are used in a variety of different applications, including radiation detection, thermal imaging and spectroscopy.
Single Crystal Wafer:
Single crystal wafers are used in the production of semiconductors. They are made from materials such as silicon, germanium, and zinc selenide. Single crystals have a very specific structure that allows them to be used for various applications in electronics and optoelectronics industries. The growth factor responsible for the increased demand is due to their use in high-end smartphones where quality is an essential parameter affecting consumer buying behavior.
Single Crystal Ingot:
Single crystal ingot is a type of bulk material that consists of pure and highly transparent crystals. It is produced by the controlled heating process in vacuum conditions with no additives or fillers. The single crystal ingot has high demand in the global CZT market as it provides better optical quality, easy separation, and superior electrical properties than polycrystalline or mixed crystals.
Application Insights:
The global cadmium zinc telluride (CZT) crystal market is segmented on the basis of application into medical imaging testing equipment, non-destructive testing detector, thermal imagers and night vision goggles, nuclear material detection equipment, and other applications. The medical imaging testing equipment segment dominated the overall market in terms of revenue share in 2017. This growth can be attributed to factors such as high demand for CZT crystals from various manufacturers across the globe coupled with an increase in healthcare spending by consumers.
Non-destructive Testing (NDT) is anticipated to grow at a lucrative rate over the forecast period owing to its wide application scope including metal detection along with its rising adoption across industries such as oil & gas and construction among others which require NDT services for quality control purposes. The growth of this industry has been significantly driven by technological advancements that have led to significant increases in measurement accuracy over recent years which has increased product adoption across various end-use industries globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This growth can be attributed to increasing demand for medical imaging equipment, nuclear material detection equipment, and non-destructive testing detector in countries such as China and India. In addition, rising adoption of thermal imagers by various defense forces is also anticipated to propel product demand over the forecast period.
North America accounted for more than 20% share of global revenue in 2017 owing to high penetration rates of CADZT wafers used for manufacturing solar cells across U.S., Canada, and Mexico due to favorable climatic conditions (solar panels are cheaper when they are manufactured using telluride).
Growth Factors:
- Increasing demand from the optoelectronics and infrared detector industries: as these devices become more popular, the need for CZT crystals will grow as well.
- The increasing use of cadmium zinc telluride in thin film solar cells: this could lead to a rise in demand for CZT crystals, as they are an important component of these cells.
- Growing interest in energy-efficient buildings: as people become more interested in conserving energy, they may turn to cadmium zinc telluride crystal windows and other products that can help save energy.
- Advances in manufacturing technology: with better manufacturing techniques, the cost of producing CZT crystals will decline, making them more affordable for a wider range of applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cadmium Zinc Telluride (CZT) Crystal Market Research Report
By Type
Single Crystal Wafer, Single Crystal Ingot
By Application
Medical Imaging Testing Equipment, Non-destructive Testing Detector, Thermal Imager and Night Vision, Nuclear Material Detection Detector, Other
By Companies
ASELSAN, Kromek, 5N Plus, Shanxi Imdetek Co.,Ltd, Hangzhou Ruiyan, Changzhou Institure of Optoelectronic Technology (CZIOT), Suzhou UKing Tech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Cadmium Zinc Telluride (CZT) Crystal Market Report Segments:
The global Cadmium Zinc Telluride (CZT) Crystal market is segmented on the basis of:
Types
Single Crystal Wafer, Single Crystal Ingot
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Imaging Testing Equipment, Non-destructive Testing Detector, Thermal Imager and Night Vision, Nuclear Material Detection Detector, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ASELSAN
- Kromek
- 5N Plus
- Shanxi Imdetek Co.,Ltd
- Hangzhou Ruiyan
- Changzhou Institure of Optoelectronic Technology (CZIOT)
- Suzhou UKing Tech
 Crystal Market Overview.svg)
Highlights of The Cadmium Zinc Telluride (CZT) Crystal Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Crystal Wafer
- Single Crystal Ingot
- By Application:
- Medical Imaging Testing Equipment
- Non-destructive Testing Detector
- Thermal Imager and Night Vision
- Nuclear Material Detection Detector
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cadmium Zinc Telluride (CZT) Crystal Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Crystal Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cadmium zinc telluride (CZT) crystals are a type of semiconductor crystal that is made up of cadmium, zinc and telluride. CZT crystals can be used in electronic devices because they have a high electrical conductivity.
Some of the major companies in the cadmium zinc telluride (czt) crystal market are ASELSAN, Kromek, 5N Plus, Shanxi Imdetek Co.,Ltd, Hangzhou Ruiyan, Changzhou Institure of Optoelectronic Technology (CZIOT), Suzhou UKing Tech.
The cadmium zinc telluride (czt) crystal market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cadmium Zinc Telluride (CZT) Crystal Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cadmium Zinc Telluride (CZT) Crystal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cadmium Zinc Telluride (CZT) Crystal Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cadmium Zinc Telluride (CZT) Crystal Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cadmium Zinc Telluride (CZT) Crystal Market Size & Forecast, 2018-2028
4.5.1 Cadmium Zinc Telluride (CZT) Crystal Market Size and Y-o-Y Growth
4.5.2 Cadmium Zinc Telluride (CZT) Crystal Market Absolute $ Opportunity
Chapter 5 Global Cadmium Zinc Telluride (CZT) Crystal Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Type
5.2.1 Single Crystal Wafer
5.2.2 Single Crystal Ingot
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cadmium Zinc Telluride (CZT) Crystal Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Applications
6.2.1 Medical Imaging Testing Equipment
6.2.2 Non-destructive Testing Detector
6.2.3 Thermal Imager and Night Vision
6.2.4 Nuclear Material Detection Detector
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cadmium Zinc Telluride (CZT) Crystal Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cadmium Zinc Telluride (CZT) Crystal Analysis and Forecast
9.1 Introduction
9.2 North America Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Type
9.6.1 Single Crystal Wafer
9.6.2 Single Crystal Ingot
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Applications
9.10.1 Medical Imaging Testing Equipment
9.10.2 Non-destructive Testing Detector
9.10.3 Thermal Imager and Night Vision
9.10.4 Nuclear Material Detection Detector
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cadmium Zinc Telluride (CZT) Crystal Analysis and Forecast
10.1 Introduction
10.2 Europe Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Type
10.6.1 Single Crystal Wafer
10.6.2 Single Crystal Ingot
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Applications
10.10.1 Medical Imaging Testing Equipment
10.10.2 Non-destructive Testing Detector
10.10.3 Thermal Imager and Night Vision
10.10.4 Nuclear Material Detection Detector
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cadmium Zinc Telluride (CZT) Crystal Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Type
11.6.1 Single Crystal Wafer
11.6.2 Single Crystal Ingot
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Applications
11.10.1 Medical Imaging Testing Equipment
11.10.2 Non-destructive Testing Detector
11.10.3 Thermal Imager and Night Vision
11.10.4 Nuclear Material Detection Detector
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cadmium Zinc Telluride (CZT) Crystal Analysis and Forecast
12.1 Introduction
12.2 Latin America Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Type
12.6.1 Single Crystal Wafer
12.6.2 Single Crystal Ingot
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Applications
12.10.1 Medical Imaging Testing Equipment
12.10.2 Non-destructive Testing Detector
12.10.3 Thermal Imager and Night Vision
12.10.4 Nuclear Material Detection Detector
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cadmium Zinc Telluride (CZT) Crystal Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Type
13.6.1 Single Crystal Wafer
13.6.2 Single Crystal Ingot
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cadmium Zinc Telluride (CZT) Crystal Market Size Forecast by Applications
13.10.1 Medical Imaging Testing Equipment
13.10.2 Non-destructive Testing Detector
13.10.3 Thermal Imager and Night Vision
13.10.4 Nuclear Material Detection Detector
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cadmium Zinc Telluride (CZT) Crystal Market: Competitive Dashboard
14.2 Global Cadmium Zinc Telluride (CZT) Crystal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ASELSAN
14.3.2 Kromek
14.3.3 5N Plus
14.3.4 Shanxi Imdetek Co.,Ltd
14.3.5 Hangzhou Ruiyan
14.3.6 Changzhou Institure of Optoelectronic Technology (CZIOT)
14.3.7 Suzhou UKing Tech
