South America Gamma Ray Spectroscopy Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Hardware, Software, and Services) and End-User (Space Research, Nuclear Facilities, and Mineral Exploration)
Description
South America Gamma Ray Spectroscopy Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Hardware, Software, and Services) and End-User (Space Research, Nuclear Facilities, and Mineral Exploration)
The SAM gamma ray spectroscopy market is expected to grow from US$ 28.86 million in 2022 to US$ 34.81 million by 2028. It is estimated to grow at a CAGR of 3.2% from 2022 to 2028.
Use of Lightweight Gamma Ray Spectrometers is Driving the SAM Gamma Ray Spectroscopy Market
The lightweight gamma ray spectrometers can be used in unmanned aerial vehicles (UAVs) for field spectroscopy. The airborne gravitational reference sensor (GRS) measurements can be utilized to determine radionuclide concentrations in the ground. For the GRS sensors’ successful applications, the correct measurement of absolute values of concentrations is necessary. For the correct measurement of height from the ground, the airborne gamma ray data must determine the absolute radionuclide concentrations. A lightweight CeBr3 gamma ray spectrometer was developed for the small UAV radiation monitoring systems. Several trial runs were conducted post development, which resulted in generating high energy resolution that ultimately helped users gain substantial data. The companies started offering lightweight gamma ray spectrometers due to its varied applications in end-user industries. For instance, Geo-Matching offers MS-1000, a gamma ray detector for UAVs. Thus, the high adoption of gamma ray spectrometers in UAVs bring in lucrative growth opportunities, thereby driving the SAM gamma ray spectroscopy market during forecast period.
SAM Gamma Ray Spectroscopy Market Overview
The SAM gamma ray spectroscopy market is segmented into Brazil, Argentina, and the Rest of SAM. Brazil was the second-largest iron ore producer in 2020. Chile and Argentina hold up to 60% of the global reserve of lithium in the world. Gamma ray spectroscopy plays a major role in extracting materials such as porphyry copper and massive sulfides. For instance, in June 2022, Bravo Mining Corporation's Luanga platinum group metals project was selected as a Strategic Mineral Project by the Government of Brazil. For such projects, gamma ray spectroscopy will be needed to detect the exact location of minerals. Brazil is known for its aerospace and research industries. In June 2022, the Brazilian Space Agency and Amazon Web Services (AWS) signed a strategic agreement where they will be working on ionosphere research and many other projects. The agreement among the two entities is expected to demand a significant number of gamma ray spectrometers, which is further expected to bolster the gamma ray spectroscopy market in the SAM region over the next few years.
SAM Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
SAM Gamma Ray Spectroscopy Market Segmentation
The SAM gamma ray spectroscopy market is segmented based on type, end-user, and country.
Based on type, the SAM gamma ray spectroscopy market is segmented into hardware, software, and services. The hardware segment held the largest market share in 2022.
Based on end-user, the SAM gamma ray spectroscopy market is segmented into space research, nuclear facilities, and mineral exploration. The nuclear facilities segment held the largest market share in 2022.
Based on country, the SAM gamma ray spectroscopy market has been categorized into Brazil, Argentina, and the Rest of SAM. Our regional analysis states that Brazil dominated the market share in 2022.
AMETEK Inc.; ANTECH; ATOMTEX; CAEN S.p.A.; Linde Plc; Mirion Technologies, Inc.; NATS, Inc.; and Sander Geophysics Limited are the leading companies operating in the SAM gamma ray spectroscopy market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM gamma ray spectroscopy market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the SAM gamma ray spectroscopy market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the gamma ray spectroscopy market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
The SAM gamma ray spectroscopy market is expected to grow from US$ 28.86 million in 2022 to US$ 34.81 million by 2028. It is estimated to grow at a CAGR of 3.2% from 2022 to 2028.
Use of Lightweight Gamma Ray Spectrometers is Driving the SAM Gamma Ray Spectroscopy Market
The lightweight gamma ray spectrometers can be used in unmanned aerial vehicles (UAVs) for field spectroscopy. The airborne gravitational reference sensor (GRS) measurements can be utilized to determine radionuclide concentrations in the ground. For the GRS sensors’ successful applications, the correct measurement of absolute values of concentrations is necessary. For the correct measurement of height from the ground, the airborne gamma ray data must determine the absolute radionuclide concentrations. A lightweight CeBr3 gamma ray spectrometer was developed for the small UAV radiation monitoring systems. Several trial runs were conducted post development, which resulted in generating high energy resolution that ultimately helped users gain substantial data. The companies started offering lightweight gamma ray spectrometers due to its varied applications in end-user industries. For instance, Geo-Matching offers MS-1000, a gamma ray detector for UAVs. Thus, the high adoption of gamma ray spectrometers in UAVs bring in lucrative growth opportunities, thereby driving the SAM gamma ray spectroscopy market during forecast period.
SAM Gamma Ray Spectroscopy Market Overview
The SAM gamma ray spectroscopy market is segmented into Brazil, Argentina, and the Rest of SAM. Brazil was the second-largest iron ore producer in 2020. Chile and Argentina hold up to 60% of the global reserve of lithium in the world. Gamma ray spectroscopy plays a major role in extracting materials such as porphyry copper and massive sulfides. For instance, in June 2022, Bravo Mining Corporation's Luanga platinum group metals project was selected as a Strategic Mineral Project by the Government of Brazil. For such projects, gamma ray spectroscopy will be needed to detect the exact location of minerals. Brazil is known for its aerospace and research industries. In June 2022, the Brazilian Space Agency and Amazon Web Services (AWS) signed a strategic agreement where they will be working on ionosphere research and many other projects. The agreement among the two entities is expected to demand a significant number of gamma ray spectrometers, which is further expected to bolster the gamma ray spectroscopy market in the SAM region over the next few years.
SAM Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
SAM Gamma Ray Spectroscopy Market Segmentation
The SAM gamma ray spectroscopy market is segmented based on type, end-user, and country.
Based on type, the SAM gamma ray spectroscopy market is segmented into hardware, software, and services. The hardware segment held the largest market share in 2022.
Based on end-user, the SAM gamma ray spectroscopy market is segmented into space research, nuclear facilities, and mineral exploration. The nuclear facilities segment held the largest market share in 2022.
Based on country, the SAM gamma ray spectroscopy market has been categorized into Brazil, Argentina, and the Rest of SAM. Our regional analysis states that Brazil dominated the market share in 2022.
AMETEK Inc.; ANTECH; ATOMTEX; CAEN S.p.A.; Linde Plc; Mirion Technologies, Inc.; NATS, Inc.; and Sander Geophysics Limited are the leading companies operating in the SAM gamma ray spectroscopy market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM gamma ray spectroscopy market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the SAM gamma ray spectroscopy market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the gamma ray spectroscopy market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table of Contents
94 Pages
- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. SAM Gamma Ray Spectroscopy Market Landscape
- 4.1 Market Overview
- 4.2 SAM PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. SAM Gamma Ray Spectroscopy Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Increased Preference for Gamma Rays in Medical Industry
- 5.1.2 Rising Usage of HPGe Detectors
- 5.2 Market Restraints
- 5.2.1 Adverse Effects of Gamma Rays on Consumer’s Health
- 5.3 Market Opportunities
- 5.3.1 Use of Lightweight Gamma Ray Spectrometers
- 5.4 Future Trends
- 5.4.1 Introduction of Portable Gamma Ray Spectrometer Information System
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Gamma Ray Spectroscopy Market – SAM Analysis
- 6.1 SAM Gamma Ray Spectroscopy Market Overview
- 6.2 SAM Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
- 7. SAM Gamma Ray Spectroscopy Market Analysis – By Type
- 7.1 Overview
- 7.2 SAM Gamma Ray Spectroscopy Market Breakdown, By Type (2021 and 2028)
- 7.3 Hardware
- 7.3.1 Overview
- 7.3.2 Hardware: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
- 7.4 Software
- 7.4.1 Overview
- 7.4.2 Software: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
- 7.5 Services
- 7.5.1 Overview
- 7.5.2 Services: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
- 8. SAM Gamma Ray Spectroscopy Market Analysis – By End-User
- 8.1 Overview
- 8.2 SAM Gamma Ray Spectroscopy Market Breakdown, By End-User (2021 and 2028)
- 8.3 Space Research
- 8.3.1 Overview
- 8.3.2 Space Research: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
- 8.4 Nuclear Facilities
- 8.4.1 Overview
- 8.4.2 Nuclear Facilities: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
- 8.5 Mineral Exploration
- 8.5.1 Overview
- 8.5.2 Mineral Exploration: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
- 9. SAM Gamma Ray Spectroscopy Market – Country Analysis
- 9.1 Overview
- 9.1.1 SAM: Gamma Ray Spectroscopy Market- by Key Country
- 9.1.1.1 Brazil: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.1 Brazil: Gamma Ray Spectroscopy Market- by Type
- 9.1.1.1.2 Brazil: Gamma Ray Spectroscopy Market- by End-User
- 9.1.1.2 Argentina: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2.1 Argentina: Gamma Ray Spectroscopy Market- by Type
- 9.1.1.2.2 Argentina: Gamma Ray Spectroscopy Market- by End-User
- 9.1.1.3 Rest of SAM: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3.1 Rest of SAM: Gamma Ray Spectroscopy Market- by Type
- 9.1.1.3.2 Rest of SAM: Gamma Ray Spectroscopy Market- by End-User
- 10. Industry Landscape
- 10.1 Overview
- 10.2 Market Initiative
- 10.3 Merger and Acquisition
- 10.4 New Product Development
- 11. Company Profiles
- 11.1 CAEN S.p.A.
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Mirion Technologies, Inc.
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 AMETEK Inc.
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services (Offerings of AMETEK, Inc.)
- 11.3.4 Products and Services (Offerings of Amptek -a subsidiary of AMETEK, Inc.)
- 11.3.5 Financial Overview
- 11.3.6 SWOT Analysis
- 11.3.7 Key Developments
- 11.4 Linde Plc
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Sander Geophysics Limited
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 ANTECH
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 NATS, Inc.
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 ATOMTEX
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 12. Appendix
- 12.1 About The Insight Partners
- 12.2 Word Index
- LIST OF TABLES
- Table 1. SAM Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)
- Table 2. SAM: Gamma Ray Spectroscopy Market- by Key Country – Revenue and Forecast to 2028 (US$ Million)
- Table 3. Brazil: Gamma Ray Spectroscopy Market- by Type –Revenue and Forecast to 2028 (US$ Million)
- Table 4. Brazil: Gamma Ray Spectroscopy Market- by End-User –Revenue and Forecast to 2028 (US$ Million)
- Table 5. Argentina: Gamma Ray Spectroscopy Market- by Type –Revenue and Forecast to 2028 (US$ Million)
- Table 6. Argentina: Gamma Ray Spectroscopy Market- by End-User –Revenue and Forecast to 2028 (US$ Million)
- Table 7. Rest of SAM: Gamma Ray Spectroscopy Market- by Type–Revenue and Forecast to 2028 (US$ Million)
- Table 8. Rest of SAM: Gamma Ray Spectroscopy Market- by End-User –Revenue and Forecast to 2028 (US$ Million)
- Table 9. List of Abbreviation
- LIST OF FIGURES
- Figure 1. SAM Gamma Ray Spectroscopy Market Segmentation
- Figure 2. SAM Gamma Ray Spectroscopy Market Segmentation – By Country
- Figure 3. SAM Gamma Ray Spectroscopy Market Overview
- Figure 4. SAM Gamma Ray Spectroscopy Market, By Type
- Figure 5. SAM Gamma Ray Spectroscopy Market, By Country
- Figure 6. SAM: PEST Analysis
- Figure 7. SAM Gamma Ray Spectroscopy Market – Ecosystem Analysis
- Figure 8. Expert Opinion
- Figure 9. SAM Gamma Ray Spectroscopy Market: Impact Analysis of Drivers and Restraints
- Figure 10. SAM Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
- Figure 11. SAM Gamma Ray Spectroscopy Market Breakdown, By Type (2021 and 2028)
- Figure 12. SAM Hardware: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
- Figure 13. SAM Software: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
- Figure 14. SAM Services: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
- Figure 15. SAM Gamma Ray Spectroscopy Market Breakdown, By End-User (2021 and 2028)
- Figure 16. SAM Space Research: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
- Figure 17. SAM Nuclear Facilities: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
- Figure 18. SAM Mineral Exploration: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
- Figure 19. SAM: Gamma Ray Spectroscopy Market, by Key Country – Revenue (2021) (US$ ‘Million)
- Figure 20. SAM: Gamma Ray Spectroscopy Market Revenue Share, By Key Country (2021 and 2028)
- Figure 21. Brazil: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 22. Argentina: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 23. Rest of SAM: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)
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