The growing cognizance about ground penetrating radar market is expected to aid healthy growth of the market during the forecast period, states Fortune Business Insights in a report, titled “Ground Penetrating Radar Market Size, Share & Industry Analysis, By Product Type (Handheld Systems, Cart-Based Systems, Vehicle-Mounted Systems), By Offering (Equipment, Services), By Application (Utility Detection, Concrete Investigation, Transportation Infrastructure, Archaeology) and Regional Forecast, 2022-2029.” The growing concerns about the safety of underground utilities are likely to incite the development of the market.
Information Source:
https://www.fortunebusinessinsights.com/ground-penetrating-radar-market-102600
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The Report Lists the Main Companies in the Ground Penetrating Radar Market:
- Chemring Group (The U.K.)
- Geophysical Survey Systems, Inc. (The U.S.)
- Geoscanners (The U.K.)
- Guideline Geo (Sweden)
- IDS Georadar (Italy)
- Leica Geosystems AG (Switzerland)
- Penetradar Corporation (The U.K.)
- Pipehawk PLC (The U.K.)
- Radiodetection (The U.K.)
- Sensors & Software Inc. (Canada)
- Utsi Electronics Ltd. (The U.K.)
The report ground penetrating radar Market comprises:
- Latest trends in the market
- Regional analysis, including main financial booming regions
- Key strategies implemented by competitors
- Notable Development in the market
Market Driver:
Contract of Sensors and Electronic Systems to Brighten Business Opportunities
Sensors and Electronic Systems, a major supplier of vehicle-mounted ground penetrating radar (GPR) detection systems announced that it has signed a contract with the U.S. Army to deliver an explosive detection system. The system will involve the GPR system, that can be used in the battlefield operation. Furthermore, the growing initiatives for the implementation of ground penetrating radars can be an essential factor fostering the growth of the market. The rising apprehensions about the safety and protection of underground utilities are likely to aid the adoption of ground penetrating radar, which, in turn, will encourage the expansion of the market. The heavy demand for real-time GPR services is expected to bode well for the market. The modernization of existing infrastructure is expected to create lucrative business opportunities for the market in the foreseeable future.
However, the expertise and skillset required to operate GPR equipment are expected to be an obstructing factor for the growth of the market. Moreover, the high cost of ground penetrating radars is likely to hamper the growth of the market.
Regional Analysis:
Inflated Demand for Vehicle-mounted GPR Systems to Accelerate Growth in Asia Pacific
Geographically, the global ground penetrating radar market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. The market in Asia Pacific is expected to hold the largest share in the global market during the forecast period. The growth in the region is attributed to the growing automotive industry in Japan. The increasing military budget is expected to create lucrative business opportunities for the market in Asia Pacific. Europe is likely to account for a significant share in the global market owing to the increasing government support for the deployment of GPRs in the U.K. North America is expected to witness a rapid growth rate during the forecast period owing to the growing demand for GPR system in a geological survey. The increasing adoption of radar sensors in the U.S is expected to enable speedy expansion of the market in the forthcoming years. The Middle East and Africa is likely to experience a stellar growth in the foreseeable future owing to the increasing mineral exploration underground activities in the region.
Notable Development:
April 2018: GSSI and MIT Lincoln Laboratory signed a contract to build & sell the commercial prototypes for GPR systems. It will be used to navigate the autonomous vehicles used in the subsurface geology.
According to the new market research report "Ground Penetrating Radar Market by Product Type (Handheld, Cart-Based, and Vehicle-Mounted), Application (Utility Detection, Concrete Investigation, Transportation Infrastructure, and Archaeology), Offering, and Geography - Global Forecast to 2024", published by MarketsandMarkets™, the Ground Penetrating Radar Market is expected to grow from USD 493 million by 2019 to USD 726 million by 2024 at a CAGR of 8.1% from 2019 to 2024.
Ask for PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=74332617 Utility detection to hold largest size of GPR market during forecast period The utility detection application is expected to hold the largest size of GPR market during the forecast period.
Market for vehicle-mounted GPR systems to grow at highest CAGR during forecast period The GPR market for vehicle-mounted GPR systems is expected to grow at the highest CAGR during the forecast period.
Vehicle-mounted GPR consist of GPR equipment fit on vehicles such as trucks, cars, UAVs, tanks, and armored vehicles.
They are most commonly used for transportation infrastructure, and law enforcement and military applications, which are expected to witness high growth rates during the forecast period.
This growth can be attributed to the rapid infrastructure building activities being undertaken in APAC, mainly in China, India, and Japan, where structural health monitoring paves the way for the modernization of infrastructure.
The ground penetrating radar market is expected to grow from USD 493 million by 2019 to USD 726 million by 2024 at a CAGR of 8.1% from 2019 to 2024.
A few of the key factors driving the growth of this market are the safety- and protection-related concerns for underground utilities, advantages of GPR over other traditional technologies, and support offered by governments for implementation of GPRs.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=74332617GPR can be used to locate metallic and nonmetallic pipes, power lines, conduit, water lines, re-bar and post-tension cables inside concrete structures.
The primary benefit of GPR over other traditional technologies is that GPR provides better imaging for utility lines, regardless of their composition.The GPR market for vehicle-mounted GPR systems is expected to grow at the highest CAGR during the forecast period.
Factors such as the rise in the practice of procuring GPR systems on a rental basis owing to their high cost of ownership, continuous innovation in GPR, and imposed regulations and standards by the government for using a suitable detecting device before commencing digging, demolishing, or constructing any infrastructure contribute to the growth of the market for services.The GPR market for transportation infrastructure is expected to grow at the highest CAGR during the forecast period.
This is attributed to the worldwide increase in a number of construction projects for bridges, roadways, railways, seaways, and dams.The GPR market in APAC is expected to grow at the highest CAGR during the forecast period.
This growth can be attributed to the rapid infrastructure building activities being undertaken in APAC, mainly in China, India, and Japan, where structural health monitoring paves the way for the modernization of infrastructure.Request Free Sample Pages:https://www.marketsandmarkets.com/requestsampleNew.asp?id=74332617The major opportunities for the growth of the market include high demand for real-time GPR services, and aging infrastructure and increasing maintenance requirements.
The new report by Expert Market Research titled, ‘Global Ground Penetrating Radar Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global ground penetrating radar market, assessing the market based on its segments like equipment, services and major regions.
The sample report shall be delivered to you within 24 hours.Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/ground-penetrating-radar-marketThe key highlights of the report include:Market Overview (2016-2026)Forecast CAGR (2021-2026): 5%Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/ground-penetrating-radar-market/requestsampleIndustry Definition and Major SegmentsGround-penetrating radar is a geophysical technology that uses radar pulses to image the subsurface.
This non-destructive technology uses electromagnetic radiation to detect reflected signals from subterranean structures in the microwave band of the radio spectrum.Based on offering, the market is divided into:EquipmentServicesBased on product type, the market is segmented as:Handheld SystemsCart-Based SystemsVehicle Mounted SystemBased on the application, the market can be segmented as:Utility DetectionConcrete InvestigationTransportation InfrastructureArchaeologyGeology and EnvironmentLaw Enforcement and MilitaryOthersThe EMR report looks into the regional markets of ground penetrating radar like:North AmericaLatin AmericaEuropethe Middle East and Africathe Asia PacificMarket TrendsThe increasing usage of ground-penetrating radar to find underground utilities, such as plastic conduits or concrete storm and sanitary sewers, as well as changes in subterranean dielectric characteristics, is the primary driver of market expansion.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.Read More Reports:-Global Crop Insurance Market: https://www.expertmarketresearch.com/reports/crop-insurance-marketGlobal Surgical Scissors Market: https://www.expertmarketresearch.com/reports/surgical-scissors-marketLatin America Biodegradable Diapers Market: https://www.expertmarketresearch.com/reports/latin-america-biodegradable-diapers-marketGlobal Remittance Market: https://www.expertmarketresearch.com/reports/remittance-marketIndia Vegan Food Market: https://www.expertmarketresearch.com/reports/india-vegan-food-marketGlobal Carbon Felt and Graphite Felt Market: https://www.expertmarketresearch.com/reports/carbon-felt-and-graphite-felt-marketGlobal Hand Tools Market: https://www.expertmarketresearch.com/reports/hand-tool-marketGlobal Cloud Storage Market: https://www.expertmarketresearch.com/reports/cloud-storage-marketGlobal Fantasy Sports Market: https://www.expertmarketresearch.com/reports/fantasy-sports-marketGlobal Blood Bank Market: https://www.expertmarketresearch.com/reports/blood-bank-marketNote 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours.
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The latest trending report Global Ground Penetrating Radar (GPR) Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Ground Penetrating Radar (GPR) market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 8.4% in the forecast period of 2020 to 2025 and will expected to reach USD 248.1 million by 2025, from USD 179.6 million in 2019.The Ground Penetrating Radar (GPR) market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/16639-ground-penetrating-radar-gpr-market-analysis-reportMarket segmentationGround Penetrating Radar (GPR) market is split by Type and by Application.
For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value.
This analysis can help you expand your business by targeting qualified niche markets.By Type, Ground Penetrating Radar (GPR) market has been segmented into Handheld Ground Penetrating Radar, Cart Based Ground Penetrating Radar, etc.By Application, Ground Penetrating Radar (GPR) has been segmented into Transport and Road Inspection, Municipal Inspection, Disaster Inspection, Archeology, Others, etc.Regions and Countries Level AnalysisThe report offers in-depth assessment of the growth and other aspects of the Ground Penetrating Radar (GPR) market in important countries (regions), including United States, Canada, Mexico, Germany, France, United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil and Saudi Arabia, etc.
It also throws light on the progress of key regional Ground Penetrating Radar (GPR) markets such as North America, Europe, Asia-Pacific, South America and Middle East & Africa.Competitive Landscape and Ground Penetrating Radar (GPR) Market Share AnalysisGround Penetrating Radar (GPR) competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Ground Penetrating Radar (GPR) sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch.
For the period 2015-2020, this study provides the Ground Penetrating Radar (GPR) sales, revenue and market share for each player covered in this report.The major players covered in Ground Penetrating Radar (GPR) are: GSSI, Chemring Group, GEOTECH, MALA, Utsi Electronics, IDS GeoRadar, Japan Radio Co, US Radar, SSI, Radiodetection, ChinaGPR, Kedian Reed, etc.
