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 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.
Table of Contents
1. Introduction1.1 Study Scope
1.2 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 Publisher
12.2 Word Index
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
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)
Companies Mentioned
- AMETEK Inc.
- ANTECH
- ATOMTEX
- CAEN S.p.A.
- Linde Plc
- Mirion Technologies, Inc.
- NATS, Inc.
- Sander Geophysics Limited
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 94 |
| Published | January 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 28.86 Million |
| Forecasted Market Value ( USD | $ 34.81 Million |
| Compound Annual Growth Rate | 3.2% |
| No. of Companies Mentioned | 8 |
