Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the ground penetrating radar market provides in-depth
analysis of segments and sub-segments in the global as well as regional ground
penetrating radar market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional ground penetrating
radar market over the short term as well as the long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
ground penetrating radar market. According to the report, the global ground penetrating
radar market is projected to grow at a CAGR of about 8% over the forecast
period of 2022-2028.
The global ground penetrating radar
market was valued at over USD 3600 million in 2022 and is expected to reach more
than USD 5600 million in 2028, with a CAGR of about 8.0% during the forecast
period. Ground penetrating radar (GPR) is a geophysical technology for imaging
below the surface of the ground by using radar pulses. It is a non-intrusive
approach to surveying the subsurface to look for metals, concrete, asphalt,
pipes, and cables. Rising utilization of ground penetrating radar systems over
traditional technologies of detection. Moreover, the increase in the innovative
advanced technology and the rising utilization of ground penetrating radar for
a wide range of applications such as transportation infrastructure,
archaeology, utility detection, disaster inspection, geology and environment,
military and law enforcement, and several others are the major factors
anticipated to people the growth of ground penetrating radar market during the
forecast period.
Increasing government support for
the application of ground penetrating radar and growing concerns related to the
protection & safety of subversive utilities is the major growth factor for
the market growth. Additionally, the increasing demand for real-time ground
penetrating radar services propels the growth of the market. The growth of the
worldwide ground penetrating radar market is expected to be enhanced because of
the factors such as the benefit of advanced GPR systems over old technologies
such as an increase in concerns related to the protection & safety of
underground utilities, and radiography. Furthermore, an increase in demand for
GPR for various applications like geology & environment, transportation
infrastructure, concrete investigation, archaeology fuels, municipal
inspection, and disaster inspection fuels the market growth within the forecast
period. Furthermore, increasing demand from the Asia-Pacific region is projected
to create growth opportunities for the market during the forecast period.
However, the high installation cost of ground penetrating radar products
hampers the growth of the market.
The ground penetrating radar
market has a negative impact on the COVID-19 epidemic because of the lockdowns
imposed by several countries. Various countries because of the lockdown
restrictions have suffered a major loss of revenue and business, due to the
shutdown of production units. The uneven supply of raw materials had a major
impact on the manufacturing industries because of the outbreak of the COVID-19
pandemic, which further affected the growth of the ground penetrating radar
market during the forecast period. Furthermore, a decrease in the investment to
develop advanced technology due to the increased investment in building the
health care infrastructure has severely affected the growth of the market
during the covid-19 pandemic.
Based on the region, the worldwide
ground penetrating radar market is segmented into the Asia Pacific, North
America, Europe, and also the Middle East & Africa. Among the regions,
North America is the largest region in the ground penetrating radar market due
to the growth of the transportation infrastructure sector in the U.S. during
the forecast period. Rising spending on research and development, and
increasing utilization for military purposes to enhance safety have fuelled the
market growth European region. The Asia Pacific region is expected to be the
fastest-growing region due increasing presence of the major market players in
the region during the forecast period.
The report on global ground
penetrating radar market covers segments such as type, offering, and
application. On the basis of type, the sub-markets include hand held, and cart
based. On the basis of offering, the sub-markets include equipment, and
services. On the basis of application, the sub-markets include law enforcement,
utility detection, and concrete investigation.
The report provides profiles of
the companies in the market such as GSSI Geophysical Survey Systems, Inc., IDS
GeoRadar, National GPR Service, Inc., Chemring Group, Sensors and Software
Inc., Geoscanners AB, Exploration Instruments, LLC, Hexagon AB, SPX Corporation,
and Utsi Electronics Ltd.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the ground penetrating radar market. Moreover, the study highlights
current market trends and provides forecast from 2022-2028. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings insight into the market share of the leading players.
Please Choose One of them.