Skip to main content

Ground Penetrating Radar Market Growth [2022-2029] | Industry Analysis and Forecast Report by Fortune Business Insights

Written by Customer Service on . Posted in Mergers And Acquisitions.

Companies Covered in Ground Penetrating Radar Market are 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) and more

Pune, India, Feb. 21, 2022 (GLOBE NEWSWIRE) — The growing cognizance about GPR technologies 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, 2022-2028.” The growing concerns about the safety of underground utilities are likely to incite the development of the market.

The entire world is fighting with the infectious novel coronavirus. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus amid pandemic. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

Get Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/ground-penetrating-radar-market-102600

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.

Browse Summary of This Research with Table of Content:
https://www.fortunebusinessinsights.com/ground-penetrating-radar-market-102600

Market Segmentation (By Product Type, By Offering, By Application, By Geography)

By Product Type

  • Handheld Systems
  • Cart-Based Systems
  • Vehicle-Mounted Systems

By Offering

  • Equipment
  • Services

By Application

  • Utility Detection
  • Concrete Investigation
  • Transportation Infrastructure
  • Archaeology
  • Geology and Environment
  • Law Enforcement and Military

By Geography

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.

Speak to Analyst:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/ground-penetrating-radar-market-102600

About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.