Gamma Ray Spectroscopy Market, By Type, By Detector Type, By End User, By Geography

Description

Global gamma ray spectroscopy market is estimated to be valued at USD 801.2 Mn in 2024 and is expected to reach USD 1,301.1 Mn by 2031, growing at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

Figure 1. Gamma Ray Spectroscopy Market Share (%), By Region, 2024

Gamma ray spectroscopy is a technique that is used for elemental analysis and chemical characterization. It relies on the principle that each element emits gamma rays of a characteristic energy when it decays radioactively. By detecting and measuring the energies of these emitted gamma rays, gamma ray spectroscopy allows the identification and quantification of different elements in a sample. Some key applications of gamma ray spectroscopy include non-destructive testing for quality control and material characterization in sectors such as manufacturing, environmental monitoring in the nuclear industry, and geological exploration. Global gamma ray spectroscopy market is expected to witness growth due to increasing demand for non-destructive testing and material analysis across different end-use industries.

Market Dynamics

Global gamma ray spectroscopy market growth is driven by growing need for non-destructive material analysis techniques in various sectors. Gamma ray spectroscopy allows reliable elemental analysis without needing to destroy or damage the sample being tested. This makes it highly useful in applications involving valuable samples or where preserving sample integrity is important. Meanwhile, factors such as stringent quality control and safety regulations in industries such as pharmaceuticals and nuclear power can boost demand for gamma ray spectroscopy systems. However, high costs associated with gamma ray spectroscopy instruments can hamper the market growth. Ongoing technological advancements aimed at making these systems more affordable as well as portable can offer opportunities for market growth.

Key features of the study

This report provides in-depth analysis of the global gamma ray spectroscopy market, and provides market size (USD Million) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global gamma ray spectroscopy market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Thermo Fisher Scientific Inc., Mirion Technologies, Inc., AMETEK, Inc. (Ortec), Flir Systems, Inc., Canberra Industries, Inc., Ludlum Measurements, Inc., Berthold Technologies GmbH & Co. KG, Hitachi, Ltd., LaBr3(Ce) - Saint-Gobain Crystals, Baltic Scientific Instruments, Rigaku Corporation, Atomtex SPE, Fuji Electric Co., Ltd., LND, Inc., BSI, Polimaster Inc., Advanced Measurement Technology, Tracerco
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global gamma ray spectroscopy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global gamma ray spectroscopy market.

Detailed Segmentation-

By Type
- Hardware
- Software
- Services
By Detector Type
- Sodium Iodide (NaI) Detectors
- High-Purity Germanium (HPGe) Detectors
- Lanthanum Bromide (LaBr3) Detectors
- Cerium-Doped Lanthanum Bromide Detectors
- Cadmium Zinc Telluride (CZT) Detectors
- Others
By End User
- Hospitals and Clinics
- Research Laboratories
- Radioactive Waste Disposal Site
- Nuclear Power Plants
- Manufacturing Facilities
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Company Profiles:
- Thermo Fisher Scientific Inc.
- Mirion Technologies, Inc.
- AMETEK, Inc. (Ortec)
- Flir Systems, Inc.
- Canberra Industries, Inc.
- Ludlum Measurements, Inc.
- Berthold Technologies GmbH & Co. KG
- Hitachi, Ltd.
- LaBr3(Ce) - Saint-Gobain Crystals
- Baltic Scientific Instruments
- Rigaku Corporation
- Atomtex SPE
- Fuji Electric Co., Ltd.
- LND, Inc.
- BSI
- Polimaster Inc.
- Advanced Measurement Technology
- Tracerco

Product Code: CMI7059

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Detector Type
- Market Snapshot, By End User
- Market Snapshot, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Impact Analysis
Market Trends
Key Developments
Regulatory Scenario
Acquisitions and Partnerships Scenario
Funding and Investments
PEST Analysis
Porter's Analysis

4. Global Gamma Ray Spectroscopy Market - Impact of Coronavirus (COVID-19) Pandemic

Overall Impact
Government Initiatives
COVID-19 Impact on the Market

5. Global Gamma Ray Spectroscopy Market, By Type, 2019 - 2031, (USD Mn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Hardware
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Software
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Services
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

6. Global Gamma Ray Spectroscopy Market, By Detector Type, 2019 - 2031, (USD Mn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Sodium Iodide (NaI) Detectors
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
High-Purity Germanium (HPGe) Detectors
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Lanthanum Bromide (LaBr3) Detectors
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Cerium-Doped Lanthanum Bromide Detectors
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Cadmium Zinc Telluride (CZT) Detectors
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

7. Global Gamma Ray Spectroscopy Market, By End User, 2019 - 2031, (USD Mn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Hospitals and Clinics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Research Laboratories
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Radioactive Waste Disposal Site
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Nuclear Power Plants
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Manufacturing Facilities
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

8. Global Gamma Ray Spectroscopy Market, By Region, 2019 - 2031, (USD Mn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
- Regional Trends
  - North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Detector Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Detector Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
  - Brazil
  - Mexico
  - Argentina
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Detector Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Detector Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Detector Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
  - GCC
  - Israel
  - Rest of Middle East
  - Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Detector Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 - 2031, (USD Mn)
  - North Africa
  - Central Africa
  - South Africa

9. Competitive Landscape

Company Profiles
- Thermo Fisher Scientific Inc.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Mirion Technologies, Inc.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- AMETEK, Inc. (Ortec)
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Flir Systems, Inc.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Canberra Industries, Inc.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Ludlum Measurements, Inc.
- Berthold Technologies GmbH & Co. KG
- Hitachi, Ltd.
- LaBr3(Ce) - Saint-Gobain Crystals
- Baltic Scientific Instruments
- Rigaku Corporation
- Atomtex SPE
- Fuji Electric Co., Ltd.
- LND, Inc.
- BSI
- Polimaster Inc.
- Advanced Measurement Technology
- Tracerco

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. References and Research Methodology

References
Research Methodology
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