Global Ground Penetrating Radar Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 8.27%through 2020 to 2027, reaching US$ XX Mn. The report has covered region wise market trends with competitive landscape.
Global Ground Penetrating Radar Market
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Global Ground Penetrating Radar Market Overview:
Global Ground Penetrating Radar Market was valued USD 493.37Mn in 2019 & is expected to reach USD XX by 2027, at 8.27% CAGR during a forecast period. The main factor driving the market development is an increasing use of ground-penetrating radar for locating underground utilities, locating plastic ducts or concrete storm & sanitary sewers & variants in dielectric properties in the subsurface. Additionally, in military applications, it is used for detection of unexploded artillery & detecting tunnels, which would support the ground-penetrating radar market globally. However, high skill required for ground penetrating radar analyses & high development cost are some of the challenges in the growth . The market has enormous potential due to the rising demand for autonomous cars & increasing military spending in developing nations.
The cart-based Product type segment led the ground penetrating radar market during the forecast period, accounting for a share of 56.12 percent. Cart-Based GPR leads the total Ground Penetrating Radar (GPR) due to increasing its application in geophysical surveys, underground infrastructure mapping, unexploded ordnance (UXO), and mine detection. The hand-held market will increase by applications of hand-held GPR in the construction industry for tracing rebar, conduits, post-tension cables & voids, and control concrete slab thickness in real-time.
The North America region is expected to grow at 8.60 percent CAGR during the forecast period. The progress of the market in the North America is primarily led due to high usage of GPR for a geologic survey. GPR has been used by the USGS (U.S, Geological Survey) in environmental, hydrologic, geologic, bridge-scour studies by increasing antennas in boats or floating antennas on water. Also, the increasing adoption of radar sensors is one key reason for market development in the region.
The Asia-Pacific is anticipated to reach USD XX Mn by 2027, at a CAGR 8.55% due to rising automotive industry & military spending in the region. Main cities of Asia pacific regions are facing the development of subways construction to combat the problems of pollution, travel time & increasing prices of fuel by providing reasonable & safe means of transportation. For example, in the year 2019, China spent more than USD 125 Bn for the construction of high-speed rail network. China Railway Corporation is set to open 6,800 km of new lines, including 4,100 km of high-speed infrastructure, which is 45 percent more than the total mileage commissioned in 2018.
In 2019, it was operating 29,000 km of high-speed lines, two-thirds of the global & had added more than 4000 route-km in 2018. It has reduced the travel time between main Chinese cities, & authorities are looking to extend new lines into some of the remote areas of the country. Over the decade, demand for non-renewable resources is rising & pushing firms to develop more sophisticated equipment to detect & identify the new oil reserves. This has improved the usage of modern instruments & tools based on GPR technology that gather, analyze, & process huge amounts of data, which permits technicians & specialists to make fast & valuable decisions. These are also used to detect underground pipeline leaks & prevent any explosion. However, high cost of GPR equipment’s & its maintenance has been limiting the market & preventing its penetration in numerous industry.
Global Ground Penetrating Radar Market, Competitive Landscape
The MMR reports cover key developments in the Ground Penetrating Radar Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product approvals product launches, and others. Inorganic growth strategies activities witnessed in the Ground Penetrating Radar Market were merges & acquisitions and collaborations & partnership.
The objective of the report is to present a comprehensive analysis of the Global Ground Penetrating Radar Market including all the stakeholders of the Distribution Channel. The past and current status of the Distribution Channel with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the Distribution Channel with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the Distribution Channel to the decision-makers.
The report also helps in understanding Global Ground Penetrating Radar Market dynamics, structure by analyzing the market segments and projects the Global Ground Penetrating Radar Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Ground Penetrating Radar Market make the report investor’s guide.
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Global Ground Penetrating Radar Market1
Global Ground Penetrating Radar Market, By Region
• North America:
o CIS countries
o Rest of Europe
o South Korea
o Rest of APAC
• Middle East & Africa
o GCC Countries
o South Africa
o Rest of MEA
• Latin America
o Rest of Latin America
Key players operating in the Global Ground Penetrating Radar Market
• IDS Georadar
• Guideline GEO
• Sensors & Software Inc.
• Chemring Group
• Geophysical Survey Systems, Inc. (GSSI)
• Leica Geosystems AG
• US Radar
• Penetradar Corp.
• Utsi Electronics Ltd.
• Pipehawk PLC
• Transient Technologies
• 3D Radar
• T&A Survey
• Maverick Inspection
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