South America Gamma Ray Spectroscopy Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2028

Analysis – by Type (Hardware, Software, and Services) and End-User (Space Research, Nuclear Facilities, and Mineral Exploration)   


No. of Pages: 94    |    Report Code: BMIRE00027843    |    Category: Electronics and Semiconductor

South America Gamma Ray Spectroscopy Market
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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)

 

SAM Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)
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South America Gamma Ray Spectroscopy Strategic Insights

Strategic insights for the South America Gamma Ray Spectroscopy provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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South America Gamma Ray Spectroscopy Report Scope

Report Attribute Details
Market size in 2022 US$ 28.86 Million
Market Size by 2028 US$ 34.81 Million
Global CAGR (2022 - 2028) 3.2%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Type
  • Hardware
  • Software
  • Services
By End-User
  • Space Research
  • Nuclear Facilities
  • Mineral Exploration
Regions and Countries Covered South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Market leaders and key company profiles
  • AMETEK Inc.
  • ANTECH
  • ATOMTEX
  • CAEN S.p.A.
  • Linde Plc
  • Mirion Technologies, Inc.
  • NATS, Inc.
  • Sander Geophysics Limited
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    South America Gamma Ray Spectroscopy Regional Insights

    The geographic scope of the South America Gamma Ray Spectroscopy refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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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.

    The List of Companies - South America Gamma Ray Spectroscopy Market

    1. AMETEK Inc.  
    2. ANTECH
    3. ATOMTEX
    4. CAEN S.p.A.    
    5. Linde Plc
    6. Mirion Technologies, Inc. 
    7. NATS, Inc.   
    8. Sander Geophysics Limited  
    Frequently Asked Questions
    How big is the South America Gamma Ray Spectroscopy Market?

    The South America Gamma Ray Spectroscopy Market is valued at US$ 28.86 Million in 2022, it is projected to reach US$ 34.81 Million by 2028.

    What is the CAGR for South America Gamma Ray Spectroscopy Market by (2022 - 2028)?

    As per our report South America Gamma Ray Spectroscopy Market, the market size is valued at US$ 28.86 Million in 2022, projecting it to reach US$ 34.81 Million by 2028. This translates to a CAGR of approximately 3.2% during the forecast period.

    What segments are covered in this report?

    The South America Gamma Ray Spectroscopy Market report typically cover these key segments-

    • Type (Hardware, Software, Services)
    • End-User (Space Research, Nuclear Facilities, Mineral Exploration)

    What is the historic period, base year, and forecast period taken for South America Gamma Ray Spectroscopy Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Gamma Ray Spectroscopy Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2028
  • Who are the major players in South America Gamma Ray Spectroscopy Market?

    The South America Gamma Ray Spectroscopy Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • AMETEK Inc.
  • ANTECH
  • ATOMTEX
  • CAEN S.p.A.
  • Linde Plc
  • Mirion Technologies, Inc.
  • NATS, Inc.
  • Sander Geophysics Limited
  • Who should buy this report?

    The South America Gamma Ray Spectroscopy Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the South America Gamma Ray Spectroscopy Market value chain can benefit from the information contained in a comprehensive market report.

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