Global Ground Penetrating Radar Market 2022-2026
Technavio has been monitoring the ground penetrating radar market and it is poised to grow by $ 171.52 million during 2022-2026, accelerating at a CAGR of 6.63% during the forecast period. Our report on the ground penetrating radar market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by rise in concerns related to safety and protection of underground utilities, increase in government support for deployment of GPRs, and increased focus on the technological advancements.
The ground penetrating radar market analysis includes the application segment and geographic landscape.
Technavio's ground penetrating radar market is segmented as below:
By Application
- Transport and road inspection
- Mining
- Natural hazard monitoring
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the increased demand in the oil and gas industry as one of the prime reasons driving the ground penetrating radar market growth during the next few years. Also, rise in demand for real-time GPR services and advantages of GPR over other traditional technologies will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on ground penetrating radar market covers the following areas:
- Ground penetrating radar market sizing
- Ground penetrating radar market forecast
- Ground penetrating radar market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ground penetrating radar market vendors that include Chemring Group Plc, Geophysical Survey Systems Inc., Geoscanners AB, Ground Penetrating Radar Systems LLC, Guideline Geo, Hilti Corp., IDS GeoRadar Srl, Japan Radio Co. Ltd., Leica Geosystems AG, OOO NPC GEOTECH, Penetradar Corp., Pipehawk Plc, Radiodetection Ltd., Sensors and Software Inc., US Radar Inc., and Utsi Electronics Ltd. Also, the ground penetrating radar market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.