Ground Penetrating Radar Market 2024-2028
The ground penetrating radar market is forecasted to grow by USD 155.9 mn during 2023-2028, accelerating at a CAGR of 6.1% during the forecast period. The 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 market scenario, the 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 system, and increased focus on technological advancements.
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 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 system over other traditional technologies will lead to sizable demand in the market.
The report on the ground penetrating radar market covers the following areas:
- Ground Penetrating Radar Market sizing
- Ground Penetrating Radar Market forecast
- Ground Penetrating Radar Market industry analysis
The 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, Geotech LLC, Ground Penetrating Radar Systems LLC, Guideline Geo AB, Hilti Corp., IDS GeoRadar Srl, Leica Geosystems AG, Nisshinbo Holdings Inc., 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.
The publisher 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 primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.