Gamma Ray Spectroscopy Market Size & Share | Report, 2028

Gamma Ray Spectroscopy Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (Hardware, Software, and Services), End-User (Space Research, Nuclear Facilities, and Mineral Exploration)

  • Report Code : TIPRE00029729
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 153
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The gamma ray spectroscopy market is valued US$ 765.61 million in 2022; It is estimated to grow at a CAGR of 6.7% from 2022 to 2028.

According to Bundesamt für Strahlenschutz, Germany has ~100,000 radioactive sources that are sealed and used in medicine, agriculture, and research industries. According to the Atomic Energy Act and Radiation Protection Act, these radioactive sources are used under government supervision and require a license. The UK has around eight nuclear facilities. The UK government plans to derive a quarter of the country's energy from nuclear facilities. The Russian Federation is one of the world's leading providers of nickel, iron ore, coal, diamond, aluminum, uranium, palladium, platinum, and gold. It accounts for 14% of the total mineral extraction in the world. The gamma ray spectrometer is used for mineral exploration, one of the factors fueling the gamma ray spectroscopy market growth.

According to World Nuclear Association, France’s nuclear energy generates about 70% of electricity due to the energy security-based policy passed in 2014. According to this government policy, the country aimed to reduce the nuclear share of electricity production to 50% by 2025, which was postponed from 2019 to 2035. Further, in February 2022, the country announced its plan to construct 6 new nuclear reactors. Developing nuclear reactors will further contribute to the gamma ray spectroscopy market size.

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Gamma Ray Spectroscopy Market: Strategic Insights

gamma-ray-spectroscopy-market
Market Size Value inUS$ 765.61 Million in 2022
Market Size Value byUS$ 1,130.26 Million by 2028
Growth rateCAGR of 6.7% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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Impact of COVID-19 Pandemic on Gamma Ray Spectroscopy Market Analysis

Before COVID-19, the gamma ray spectroscopy market was experiencing substantial growth due to the rising demand from manufacturing industries and the growing development of spectrometers. However, lockdowns, business shutdowns, international trade restrictions, and various containment measures negatively impacted the production and supply chain of the market until June 2020 and during the second large outbreak in October 2021. On the other side, during the COVID-19 pandemic, some big manufacturers developed new sales, services, and delivery techniques by adopting digital platforms.

As industrial activities picked pace from the last quarter of 2020, market players experienced steady growth in demand from end users. Therefore, the global gamma ray spectroscopy market is expected to recover strongly in the coming years owing to the increasing requirement for exploring the rock's potassium, uranium, thorium, and other minerals. Further, in the aerospace industry, scientists can determine the composition of other planets and stars with the help of a detector placed in a space telescope.

Lucrative Regions for Gamma Ray Spectroscopy Market

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Market Insights – Gamma Ray Spectroscopy Market

The Asia Pacific gamma ray spectroscopy market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. In Australia, Australian Radiation Protection and Nuclear Safety, under the National Commonwealth Government of Australia, deals with protecting the country's citizens from nonionizing and ionizing radiations; these organizations will contribute to the growth of the Australian gamma ray spectroscopy market growth. In December 2020, China launched gamma ray-hunting satellites to trace the gravitational waves. Such developments are expected to influence the region's gamma ray spectroscopy market size positively.

China’s Chang’E-1/2 spacecrafts’ major payload onboard is gamma ray spectrometers, aimed to provide major elements’ map of abundances including Si, O, Mg, Al, Ca, Na, Fe, and Ti and of the natural radioactive elements, Th, U, and K, in the subsurface of the moon. Moreover, in May 2021, the Large High Altitude Air Shower Observatory (LHAASO), a cosmic ray observatory, announced that it had found 12 ultrahigh-energy photons sources and detected a photon with an energy level of 1.4 PeV. The country has a Hongyanhe Nuclear Power Plant presence, with a total installed capacity of more than 6.71 million kilowatts.

India currently has 22 nuclear power reactors operating in its 7 states. In March 2021, Indian scientists developed a low-cost spectrograph that can locate faint light sources from distant quasars. Such spectroscopes were previously imported from other countries. However, the government of India launched the “Make in India” campaign to support the businesses of local manufacturers. The country’s Aries-Devasthal Faint Object Spectrograph & Camera (ADFOSC), an optical spectrograph, was developed by an autonomous institute of the Department of Science and Technology (DST)- Aryabhatta Research Institute of Observational Sciences (ARIES) and Government of India. The country has Radiation Processing Plant in Vashi, India’s first commercial-scale Gamma Irradiator for food processing.

Type-Based Insights

The gamma ray spectroscopy market is segmented based on type: hardware, software, and services. Compared to software and services, the hardware segment led the market in 2021. However, due to high adoption in nuclear facilities, space research, and mineral exploration, the software segment is the fastest growing segment during the forecast period. Hardware gamma-ray spectrometer is the most common equipment used in several industries to detect gamma radiation. In October 2021, NASA announced that the organization is working on the Compton Spectrometer and Imager (COSI), a new space telescope, to study the origin of stars. This gamma-ray telescope will be launched by 2025.

CAEN S.p.A.; Mirion Technologies, Inc.; AMETEK Inc; Linde PLC; Sander Geophysics Limited; NVIATech instruments; ANTECH; NATS, Inc.; Geomatrix Earth Science Ltd; and ATOMTEX are a few key players that are profiled in this gamma ray spectroscopy market analysis. Moreover, the performances of several other essential players were analyzed to get a holistic view of the gamma ray spectroscopy market and its ecosystem.

In the gamma ray spectroscopy market report, players are majorly adopting strategic market initiatives, which involve the expansion of footprint globally and meeting the surge in customer demand. Market players are mainly focusing on product and service enhancements by integrating advanced features and technologies into their offerings.

  • In October 2021, NASA announced that it would proceed with the development of the Compton Spectrometer and Imager (COSI) spacecraft as its next small Explorer, or SMEX, astrophysics mission. COSI, led by John Tomsick at the University of California Berkeley, is scheduled for launch in 2025.
  • In September 2021, Mirion Technologies, Inc. announced the release of its new Apex-Guard software, an exciting addition to the Mirion Apex-Gamma Lab Productivity Suite.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is the estimated global market size for the gamma ray spectroscopy market in 2022?

The global gamma ray spectroscopy market is expected to be valued at US$ 765.61 million in 2022.

What are the driving factors impacting the gamma ray spectroscopy market?

Increased preference for gamma rays in medical industry and rising usage of HPGe ejectors are major driving factors contributing towards the growth of gamma ray spectroscopy market.

What is the future trend in the gamma ray spectroscopy market?

The introduction of portable gamma ray spectrometer information system is one of the major trends anticipated to propel the market growth during the forecast period.

Which are the key players holding the major market share of gamma ray spectroscopy market?

AMETEK Inc., Thermo Fisher Scientific, Mirion Technologies, Inc., Teledyne FLIR LLC, and Linde plc are the five key market players operating in the global gamma ray spectroscopy market.

Which country is holding the major market share of APAC gamma ray spectroscopy market?

China holds the major market share of gamma ray spectroscopy market in 2021. China is the prominent user of gamma ray spectroscopy. In December 2020, China launched gamma ray-hunting satellites to trace the gravitational waves. The country also has presence of Hongyanhe Nuclear Power Plant which is supporting the market growth.

Which end user held the largest share in the gamma ray spectroscopy market in 2021?

The nuclear facility segment held the largest share gamma ray spectroscopy market. The gamma ray spectrometer usually identifies nuclear sites’ radioactive contamination, which is why it is highly used in nuclear facilities.

Which countries are registering a high growth rate during the forecast period?

The US, Germany, China, UAE, and Brazil register a high growth rate during the forecast period.

What will be the global market size for the gamma ray spectroscopy market by 2028?

By 2028, the global market size of the gamma ray spectroscopy market will be US$ 1,130.26 million.

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. Gamma Ray Spectroscopy Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 Asia Pacific

4.2.4 Middle East & Africa

4.2.5 South America

4.3 Ecosystem Analysis

4.4 Expert Opinion

4.5 Competitive Benchmarking

5. 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 – Global Analysis

6.1 Gamma Ray Spectroscopy Global Overview

6.2 Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)

6.3 Market Positioning – Five Key Players

7. Gamma Ray Spectroscopy Market - Type

7.1 Overview

7.2 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. Gamma Ray Spectroscopy Market – By End-User

8.1 Overview

8.2 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. Gamma Ray Spectroscopy Market – Geographic Analysis

9.1 Overview

9.2 North America: Gamma Ray Spectroscopy Market

9.2.1 Overview

9.2.2 North America Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

9.2.3 North America Gamma Ray Spectroscopy Market Breakdown, By Type

9.2.4 North America Gamma Ray Spectroscopy Market Breakdown, By End-User

9.2.5 North America Gamma Ray Spectroscopy Market Breakdown, by Country

9.2.5.1 US Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028

9.2.5.1.1 US Gamma Ray Spectroscopy Market Breakdown, By Type

9.2.5.1.2 US Gamma Ray Spectroscopy Market Breakdown, By End-User

9.2.5.2 Canada Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028

9.2.5.2.1 Canada Gamma Ray Spectroscopy Market Breakdown, By Type

9.2.5.2.2 Canada Gamma Ray Spectroscopy Market Breakdown, By End-User

9.2.5.3 Mexico Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028

9.2.5.3.1 Mexico Gamma Ray Spectroscopy Market Breakdown, By Type

9.2.5.3.2 Mexico Gamma Ray Spectroscopy Market Breakdown, By End-User

9.3 Europe: Gamma Ray Spectroscopy Market

9.3.1 Overview

9.3.2 Europe: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)

9.3.3 Europe Gamma Ray Spectroscopy Market Breakdown, By Type

9.3.4 Europe Gamma Ray Spectroscopy Market Breakdown, By End-User

9.3.5 Europe Gamma Ray Spectroscopy Market Breakdown, by Country

9.3.5.1 Germany Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028

9.3.5.1.1 Germany Gamma Ray Spectroscopy Market Breakdown, By Type

9.3.5.1.2 Germany Gamma Ray Spectroscopy Market Breakdown, By End-User

9.3.5.2 France Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028

9.3.5.2.1 France Gamma Ray Spectroscopy Market Breakdown, By Type

9.3.5.2.2 France Gamma Ray Spectroscopy Market Breakdown, By End-User

9.3.5.3 Italy Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028

9.3.5.3.1 Italy Gamma Ray Spectroscopy Market Breakdown, By Type

9.3.5.3.2 Italy Gamma Ray Spectroscopy Market Breakdown, By End-User

9.3.5.4 UK Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028

9.3.5.4.1 UK Gamma Ray Spectroscopy Market Breakdown, By Type

9.3.5.4.2 UK Gamma Ray Spectroscopy Market Breakdown, By End-User

9.3.5.5 Russia Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028

9.3.5.5.1 Russia Gamma Ray Spectroscopy Market Breakdown, By Type

9.3.5.5.2 Russia Gamma Ray Spectroscopy Market Breakdown, By End-User

9.3.5.6 Rest of Europe Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028

9.3.5.6.1 Rest of Europe Gamma Ray Spectroscopy Market Breakdown, By Type

9.3.5.6.2 Rest of Europe Gamma Ray Spectroscopy Market Breakdown, By End-User

9.4 APAC: Gamma Ray Spectroscopy Market

9.4.1 Overview

9.4.2 APAC Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

9.4.3 APAC Gamma Ray Spectroscopy Market Breakdown, By Type

9.4.4 APAC Gamma Ray Spectroscopy Market Breakdown, By End-User

9.4.5 APAC Gamma Ray Spectroscopy Market Breakdown, by Country

9.4.5.1 China Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

9.4.5.1.1 China Gamma Ray Spectroscopy Market Breakdown, By Type

9.4.5.1.2 China Gamma Ray Spectroscopy Market Breakdown, By End-User

9.4.5.2 India Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

9.4.5.2.1 India Gamma Ray Spectroscopy Market Breakdown, By Type

9.4.5.2.2 India Gamma Ray Spectroscopy Market Breakdown, By End-User

9.4.5.3 Japan Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

9.4.5.3.1 Japan Gamma Ray Spectroscopy Market Breakdown, By Type

9.4.5.3.2 Japan Gamma Ray Spectroscopy Market Breakdown, By End-User

9.4.5.4 South Korea Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

9.4.5.4.1 South Korea Gamma Ray Spectroscopy Market Breakdown, By Type

9.4.5.4.2 South Korea Gamma Ray Spectroscopy Market Breakdown, By End-User

9.4.5.5 Australia Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

9.4.5.5.1 Australia Gamma Ray Spectroscopy Market Breakdown, By Type

9.4.5.5.2 Australia Gamma Ray Spectroscopy Market Breakdown, By End-User

9.4.5.6 Rest of APAC Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

9.4.5.6.1 Rest of APAC Gamma Ray Spectroscopy Market Breakdown, By Type

9.4.5.6.2 Rest of APAC Gamma Ray Spectroscopy Market Breakdown, By End-User

9.5 MEA: Gamma Ray Spectroscopy Market

9.5.1 MEA: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

9.5.2 MEA: Gamma Ray Spectroscopy Market- by Type

9.5.3 MEA: Gamma Ray Spectroscopy Market- by End-User

9.5.4 MEA: Gamma Ray Spectroscopy Market- by Key Country

9.5.4.1 South Africa: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.1.1 South Africa: Gamma Ray Spectroscopy Market- by Type

9.5.4.1.2 South Africa: Gamma Ray Spectroscopy Market- by End-User

9.5.4.2 Saudi Arabia: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.2.1 Saudi Arabia: Gamma Ray Spectroscopy Market- by Type

9.5.4.2.2 Saudi Arabia: Gamma Ray Spectroscopy Market- by End-User

9.5.4.3 UAE: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.3.1 UAE: Gamma Ray Spectroscopy Market- by Type

9.5.4.3.2 UAE: Gamma Ray Spectroscopy Market - by End-User

9.5.4.4 Rest of MEA: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.4.1 Rest of MEA: Gamma Ray Spectroscopy Market- by Type

9.5.4.4.2 Rest of MEA: Gamma Ray Spectroscopy Market- by End-User

9.6 SAM: Gamma Ray Spectroscopy Market

9.6.1 SAM: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

9.6.2 SAM: Gamma Ray Spectroscopy Market- by Type

9.6.3 SAM: Gamma Ray Spectroscopy Market- by End-User

9.6.4 SAM: Gamma Ray Spectroscopy Market- by Key Country

9.6.4.1 Brazil: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.1.1 Brazil: Gamma Ray Spectroscopy Market- by Type

9.6.4.1.2 Brazil: Gamma Ray Spectroscopy Market- by End-User

9.6.4.2 Argentina: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.2.1 Argentina: Gamma Ray Spectroscopy Market- by Type

9.6.4.2.2 Argentina: Gamma Ray Spectroscopy Market- by End-User

9.6.4.3 Rest of SAM: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.3.1 Rest of SAM: Gamma Ray Spectroscopy Market- by Type

9.6.4.3.2 Rest of SAM: Gamma Ray Spectroscopy Market- by End-User

10. Gamma Ray Spectroscopy Market- COVID-19 Impact Analysis

10.1 Overview

10.2 North America

10.3 Europe

10.4 Asia-Pacific

10.5 Middle East and Africa

10.6 South America

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 Merger and Acquisition

11.4 New Product Development

12. Company Profiles

12.1 CAEN S.p.A.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Mirion Technologies, Inc.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 AMETEK Inc.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services (Offerings of AMETEK, Inc.)

12.3.4 Products and Services (Offerings of Amptek -a subsidiary of AMETEK, Inc.)

12.3.5 Financial Overview

12.3.6 SWOT Analysis

12.3.7 Key Developments

12.4 Linde Plc

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Sander Geophysics Limited

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 NUVIATech Instruments

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 ANTECH

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 NATS, Inc.

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Geomatrix Earth Science Ltd

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 ATOMTEX

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

Table 1. Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. North America Gamma Ray Spectroscopy Market, Revenue and Forecast To 2028 – By Type (US$ Million)

Table 3. North America Gamma Ray Spectroscopy Market, Revenue and Forecast To 2028 – By End-User (US$ Million)

Table 4. North America Gamma Ray Spectroscopy Market, Revenue and Forecast To 2028 – By Country (US$ Million)

Table 5. US Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 6. US Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 7. Canada Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 8. Canada Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 9. Mexico Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 10. Mexico Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 11. Europe Gamma Ray Spectroscopy Market, Revenue and Forecast To 2028 – By Type (US$ Million)

Table 12. Europe Gamma Ray Spectroscopy Market, Revenue and Forecast To 2028 – By End-User (US$ Million)

Table 13. Europe Gamma Ray Spectroscopy Market, Revenue and Forecast To 2028 – By Country (US$ Million)

Table 14. Germany Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 15. Germany Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 16. France Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 17. France Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 18. Italy Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 19. Italy Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 20. UK Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 21. UK Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 22. Russia Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 23. Russia Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 24. Rest of Europe Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 25. Rest of Europe Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 26. APAC Gamma Ray Spectroscopy Market, Revenue and Forecast To 2028 – By Type (US$ Million)

Table 27. APAC Gamma Ray Spectroscopy Market, Revenue and Forecast To 2028 – By End-User (US$ Million)

Table 28. APAC Gamma Ray Spectroscopy Market, Revenue and Forecast To 2028 – By Country (US$ Million)

Table 29. China Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 30. China Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 31. India Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 32. India Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 33. Japan Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 34. Japan Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 35. South Korea Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 36. South Korea Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 37. Australia Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 38. Australia Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 39. Rest of APAC Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 40. Rest of APAC Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 41. MEA: Gamma Ray Spectroscopy Market- by Type– Revenue and Forecast to 2028 (US$ Million)

Table 42. MEA: Gamma Ray Spectroscopy Market- by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 43. MEA: Gamma Ray Spectroscopy Market- by Key Country – Revenue and Forecast to 2028 (US$ Million)

Table 44. South Africa: Gamma Ray Spectroscopy Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 45. South Africa: Gamma Ray Spectroscopy Market- by End-User –Revenue and Forecast to 2028 (US$ Million)

Table 46. Saudi Arabia: Gamma Ray Spectroscopy Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 47. Saudi Arabia: Gamma Ray Spectroscopy Market- by End-User –Revenue and Forecast to 2028 (US$ Million)

Table 48. UAE: Gamma Ray Spectroscopy Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 49. UAE: Gamma Ray Spectroscopy Market - by End-User –Revenue and Forecast to 2028 (US$ Million)

Table 50. Rest of MEA: Gamma Ray Spectroscopy Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 51. Rest of MEA: Gamma Ray Spectroscopy Market- by End-User –Revenue and Forecast to 2028 (US$ Million)

Table 52. SAM: Gamma Ray Spectroscopy Market- by Type – Revenue and Forecast to 2028 (US$ Million)

Table 53. SAM: Gamma Ray Spectroscopy Market- by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 54. SAM: Gamma Ray Spectroscopy Market- by Key Country – Revenue and Forecast to 2028 (US$ Million)

Table 55. Brazil: Gamma Ray Spectroscopy Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 56. Brazil: Gamma Ray Spectroscopy Market- by End-User –Revenue and Forecast to 2028 (US$ Million)

Table 57. Argentina: Gamma Ray Spectroscopy Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 58. Argentina: Gamma Ray Spectroscopy Market- by End-User –Revenue and Forecast to 2028 (US$ Million)

Table 59. Rest of SAM: Gamma Ray Spectroscopy Market- by Type–Revenue and Forecast to 2028 (US$ Million)

Table 60. Rest of SAM: Gamma Ray Spectroscopy Market- by End-User –Revenue and Forecast to 2028 (US$ Million)

Table 61. List of Abbreviation

LIST OF FIGURES

Figure 1. Gamma Ray Spectroscopy Market Segmentation

Figure 2. Gamma Ray Spectroscopy Market Segmentation – By Geography

Figure 3. Global Gamma Ray Spectroscopy Market Overview

Figure 4. Hardware Segment held the largest share in 2021

Figure 5. Nuclear Facilities Segment held the largest share in 2021

Figure 6. North America held the largest share in 2021

Figure 7. North America: PEST Analysis

Figure 8. Europe: PEST Analysis

Figure 9. Asia Pacific: PEST Analysis

Figure 10. Middle East & Africa: PEST Analysis

Figure 11. South America: PEST Analysis

Figure 12. Gamma Ray Spectroscopy Market – Ecosystem Analysis

Figure 13. Expert Opinion

Figure 14. Impact Analysis of Drivers and Restraints

Figure 15. Gamma Ray Spectroscopy Market – Geographic Analysis

Figure 16. Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)

Figure 17. Gamma Ray Spectroscopy Market Breakdown, By Type (2021 and 2028)

Figure 18. Hardware: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)

Figure 19. Software: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)

Figure 20. Services: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)

Figure 21. Gamma Ray Spectroscopy Market Breakdown, By End-User (2021 and 2028)

Figure 22. Space Research: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)

Figure 23. Nuclear Facilities: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)

Figure 24. Mineral Exploration: Gamma Ray Spectroscopy Market Revenue and Forecast to 2028 (US$ Million)

Figure 25. Gamma Ray Spectroscopy Market Revenue Share, By Region (2021 and 2028)

Figure 26. North America Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

Figure 27. North America Gamma Ray Spectroscopy Market Breakdown, By Type, 2021 & 2028 (%)

Figure 28. North America Gamma Ray Spectroscopy Market Breakdown, By End-User, 2021 & 2028 (%)

Figure 29. North America Gamma Ray Spectroscopy Market Breakdown, by Country, 2021 & 2028 (%)

Figure 30. US Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

Figure 31. Canada Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

Figure 32. Mexico Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

Figure 33. Europe Gamma Ray Spectroscopy Market, Revenue and Forecast To 2028 (US$ Million)

Figure 34. Europe Gamma Ray Spectroscopy Market Breakdown, By Type, 2021 & 2028 (%)

Figure 35. Europe Gamma Ray Spectroscopy Market Breakdown, By End-User, 2021 & 2028 (%)

Figure 36. Europe Gamma Ray Spectroscopy Market Breakdown, by Country, 2021 & 2028(%)

Figure 37. Germany Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

Figure 38. France Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

Figure 39. Italy Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

Figure 40. UK Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

Figure 41. Russia Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

Figure 42. Rest of Europe Gamma Ray Spectroscopy Market, Revenue and Forecast to 2028 (US$ Million)

Figure 43. APAC Gamma Ray Spectroscopy Market, Revenue and Forecast To 2028 (US$ Million)

Figure 44. APAC Gamma Ray Spectroscopy Market Breakdown, By Type, 2021 & 2028 (%)

Figure 45. APAC Gamma Ray Spectroscopy Market Breakdown, By End-User, 2021 & 2028 (%)

Figure 46. APAC Gamma Ray Spectroscopy Market Breakdown, by Country, 2021 & 2028 (%)

Figure 47. China Gamma Ray Spectroscopy Market, Revenue and Forecast To 2028 (US$ Million)

Figure 48. India Gamma Ray Spectroscopy Market, Revenue and Forecast To 2028 (US$ Million)

Figure 49. Japan Gamma Ray Spectroscopy Market, Revenue and Forecast To 2028 (US$ Million)

Figure 50. South Korea Gamma Ray Spectroscopy Market, Revenue and Forecast To 2028 (US$ Million)

Figure 51. Australia Gamma Ray Spectroscopy Market, Revenue and Forecast To 2028 (US$ Million)

Figure 52. Rest of APAC Gamma Ray Spectroscopy Market, Revenue and Forecast To 2028 (US$ Million)

Figure 53. MEA: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

Figure 54. MEA: Gamma Ray Spectroscopy Market Revenue Share, By Type (2021 and 2028)

Figure 55. MEA: Gamma Ray Spectroscopy Market Revenue Share, By End-User (2021 and 2028)

Figure 56. MEA: Gamma Ray Spectroscopy Market Revenue Share, By Key Country (2021 and 2028)

Figure 57. South Africa: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

Figure 58. Saudi Arabia: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

Figure 59. UAE: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

Figure 60. Rest of MEA: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

Figure 61. SAM: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

Figure 62. SAM: Gamma Ray Spectroscopy Market Revenue Share, By Type (2021 and 2028)

Figure 63. SAM: Gamma Ray Spectroscopy Market Revenue Share, By End-User (2021 and 2028)

Figure 64. SAM: Gamma Ray Spectroscopy Market Revenue Share, By Key Country (2021 and 2028)

Figure 65. Brazil: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

Figure 66. Argentina: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

Figure 67. Rest of SAM: Gamma Ray Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

Figure 68. Impact of COVID-19 Pandemic in North American Country Markets

Figure 69. Impact of COVID-19 Pandemic in Europe Country Markets

Figure 70. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 71. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

Figure 72. Impact of COVID-19 Pandemic in South America Country Markets

The List of Companies - Gamma Ray Spectroscopy Market

  1. CAEN S.p.A.
  2. Mirion Technologies, Inc.
  3. AMETEK Inc.
  4. Linde Plc
  5. Sander Geophysics Limited
  6. NUVIATech Instruments
  7. ANTECH
  8. NATS, Inc.
  9. Geomatrix Earth Science Ltd
  10. ATOMTEX

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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