Micro-channel Plate (MCP) Market Is Gaining Significant Traction Due to the Growing healthcare and Automotive Industry

 

Micro-channel Plate (MCP) Market

A micro-channel plate (MCP) is a planar component used to detect low intensity impinging radiation (such as X-rays and ultraviolet radiation) and single particles (such as neutrons, ions and electrons). Micro-channel plates find application in cluster physics, electron spectroscopy, atomic and molecular collision studies, mass spectrometry, and imaging spectroscopy. Growth of these aforementioned fields is expected to increase demand for micro-channel plates, thereby driving the growth of the micro-channel plate (MCP) market. Spectroscopy can be used to determine the composition and properties of a substance, while mass spectrometry can be used to analyze the structure of a molecule and can determine the rate of atom mobility.

In July 2020, the United States-based company announced the addition of Mass Spectrometry to its analytical development services. Moreover, in 2019, the United Kingdom-based company developed a new two-dimensional mass spectrometry technology for high-quality structural analysis and sequencing of each component.  This in turn is expected to accelerate the growth of the micro-channel plate (MCP) market. The micro-channel plate acts as a particle amplifier, converting a single particle into a cloud of electrons. By applying a strong electric field across the MCP, micro-channel becomes a continuous-dynode electron multiplier.

Furthermore, the micro-channel plate has the interior surface of each hollow fiber coated to produce substantial electron amplification over its length. MCP detector is also used in night vision glasses, and with the increasing demand for night vision devices, the demand for micro-channel plate is also increasing with a rapid pace, which subsequently drives the micro-channel plate (MCP) market growth. Growth of the market, in the Asia Pacific, is mainly attributed to the increasing investment by the government in healthcare sector, especially in the Government of India. This leads to increasing development of MCPs that are used in medical devices.

For example, the Government of India plans to increase healthcare spending to 3% of the Gross Domestic Product (GDP) by 2022. Moreover, the government announced US$ 8.80 billion for the healthcare sector in the Union Budget 2021-22. This in turn is expected to accelerate the growth of the micro-channel plate (MCP) market in the Asia Pacific, especially in India.

Micro-channel plates are available in two types, such as circular MCPs and rectangular MCPs, and are used in various end-use industries, such as defense, aerospace, industrial, automotive, and others. Thus, with the rapid growth of these fields, the demand for micro-channel plates is also increasing, thereby driving the market growth.


Location: India

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