Global Ground Penetrating Radar Market By Components (Control Unit, Antenna and Power Supply), Offering (Equipment and Services), Product Type (Handheld Systems, Cart- Based Systems and Vehicle- Mounted Systems), Application (Utility Detection, Concrete Investigation, Municipal Inspection, Transportation Infrastructure, Disaster Inspection, Archaeology, Geology and Environment, Law Enforcement and Military and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Ground Penetrating Radar Market
Increased rate of adoption of ground penetrating radar systems over conventional technologies of detection, rise in the advancements in production technology, and increasing application of ground penetrating radar for a wide range of applications such as utility detection, concrete investigation, municipal inspection, transportation infrastructure, disaster inspection, archaeology, geology and environment, law enforcement and military and others are the major factors attributable to the growth of ground penetrating radar market. Data Bridge Market Research analyses that the ground penetrating radar market will exhibit a CAGR of 8.54% for the forecast period of 2021-2028. Therefore, the ground penetrating radar market value would rocket up to USD 1,168.71 million by 2028.
From the name itself, it is clear that ground penetrating radar is a mechanical system that is used to detect varied structures underneath the ground. The ground penetrating radar utilizes electromagnetic radiations, which makes it suitable for a range of applications.
Increased focus on the technological advancements and rising demand for detection systems and instruments owing to the rising concerns regarding safety of underground utility systems will emerge as the major ground penetrating radar market growth driving factors. Rising support and initiatives by the government will further aggravate the ground penetrating radar market value. Growth in the awareness about the benefits of this mechanical device, such as no requirement of digging, probing or drilling the surface is other factor bolstering growth of the ground penetrating radar market.
However, availability of alternatives in the market, such as robot cars, will act as a growth restraint for the ground penetrating radar market. Complex manufacturing process and the fluctuations in the prices of raw materials will also create hindrances for the growth of earth penetrating radar market. High costs associated with the purchase and development of these mechanical devices will further dampen the growth rate of the ground penetrating radar market.
This ground penetrating radar market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on ground penetrating radar market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ground Penetrating Radar Market Scope and Market Size
The ground penetrating radar market is segmented on the basis of components, offering, product type, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- The ground penetrating radar market on the basis of components has been segmented into control unit, antenna, and power supply.
- Based on offering, ground penetrating radar market has been segmented into equipment and services.
- On the basis of product type, ground-penetrating radar market has been segmented into handheld systems, cart- based systems and vehicle- mounted systems.
- On the basis of application, ground penetrating radar market has been segmented into utility detection, concrete investigation, municipal inspection, transportation infrastructure, disaster inspection, archaeology, geology and environment, law enforcement and military, and others.
Global Ground Penetrating Radar Market Country Level Analysis
The ground penetrating radar market is analysed and market size, volume information is provided by country, components, offering, product type, and application as referenced above.
The countries covered in the ground penetrating radar market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the ground penetrating radar market and will continue to flourish its trend of dominance during the forecast period owing to the rising focus towards the adoption of advanced technologies. Asia-Pacific will however, score the highest CAGR for this period. This is because of the increased deployment for military, utility detection, and transport infrastructure applications.
The country section of the ground penetrating radar market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ground Penetrating Radar Market Share Analysis
The ground penetrating radar market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ground penetrating radar market.
The major players covered in the ground penetrating radar market report are IDS GeoRadar, Sensors & Software Inc., Guideline Geo., Chemring Group PLC, GSSI Geophysical Survey Systems, Inc., Hexagon AB, US Radar, Radiodetection Ltd., PENETRADAR CORPORATION, Proceq S.A., Utsi Electronics, Geoscanners AB, Groundradar, ImpulseRadar Sweden AB, Transient Technologies, 3D-Radar, Maverick Inspection Ltd., Ground Penetrating Radar Systems, LLC, GeoSearches Inc, Exploration Instruments LLC. and MALA GPR Australia among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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