According to a new report from Intel Market Research, the global CdZnTe Substrate market was valued at USD 36 million in 2024 and is projected to reach USD 60.3 million by 2031, growing at a CAGR of 7.7% during the forecast period (2024-2031). This growth is driven by increasing demand for advanced radiation detection technologies in medical imaging, nuclear safety, and space applications, coupled with technological advancements in semiconductor materials.

What is CdZnTe Substrate?

Cadmium Zinc Telluride (CdZnTe) is a compound semiconductor material known for its superior performance in radiation detection and optoelectronic applications. With a wide bandgap, high resistivity, and excellent room-temperature operation capabilities, CdZnTe substrates are revolutionizing industries that require precise energy resolution and portability in detection systems.

These substrates serve as critical components in:

Medical imaging systems (CT scanners, PET detectors)
Nuclear radiation