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 South America 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 South America 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 South America gamma ray spectroscopy market during forecast period.
South America Gamma Ray Spectroscopy Market Overview
The South America gamma ray spectroscopy market is segmented into Brazil, Argentina, and the Rest of South America. 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 South America region over the next few years.
South America Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
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South America Gamma Ray Spectroscopy Market Segmentation
The South America gamma ray spectroscopy market is segmented based on type, end-user, and country.
Based on type, the South America 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 South America 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 South America gamma ray spectroscopy market has been categorized into Brazil, Argentina, and the Rest of South America. 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 South America gamma ray spectroscopy market.
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. South America Gamma Ray Spectroscopy Market Landscape
4.1 Market Overview
4.2 South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. South America 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 – South America Analysis
6.1 South America Gamma Ray Spectroscopy Market Overview
6.2 South America Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
7. South America Gamma Ray Spectroscopy Market Analysis – By Type
7.1 Overview
7.2 South America 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. South America Gamma Ray Spectroscopy Market Analysis – By End-User
8.1 Overview
8.2 South America 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. South America Gamma Ray Spectroscopy Market – Country Analysis
9.1 Overview
9.1.1 South America: 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 South America: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of South America: Gamma Ray Spectroscopy Market- by Type
9.1.1.3.2 Rest of South America: 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. South America Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. South America: 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 South America: Gamma Ray Spectroscopy Market- by Type–Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of South America: Gamma Ray Spectroscopy Market- by End-User –Revenue and Forecast to 2028 (US$ Million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Gamma Ray Spectroscopy Market Segmentation
Figure 2. South America Gamma Ray Spectroscopy Market Segmentation – By Country
Figure 3. South America Gamma Ray Spectroscopy Market Overview
Figure 4. South America Gamma Ray Spectroscopy Market, By Type
Figure 5. South America Gamma Ray Spectroscopy Market, By Country
Figure 6. South America: PEST Analysis
Figure 7. South America Gamma Ray Spectroscopy Market – Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. South America Gamma Ray Spectroscopy Market: Impact Analysis of Drivers and Restraints
Figure 10. South America Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
Figure 11. South America Gamma Ray Spectroscopy Market Breakdown, By Type (2021 and 2028)
Figure 12. South America Hardware: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. South America Software: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. South America Services: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. South America Gamma Ray Spectroscopy Market Breakdown, By End-User (2021 and 2028)
Figure 16. South America Space Research: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. South America Nuclear Facilities: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. South America Mineral Exploration: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. South America: Gamma Ray Spectroscopy Market, by Key Country – Revenue (2021) (US$ ‘Million)
Figure 20. South America: 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 South America: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)
- AMETEK Inc.
- ANTECH
- ATOMTEX
- CAEN S.p.A.
- Linde Plc
- Mirion Technologies, Inc.
- NATS, Inc.
- Sander Geophysics Limited
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America gamma ray spectroscopy market.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the gamma ray spectroscopy market, as well as those hindering it
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