The new report by Expert Market Research titled, ‘Global Ground Penetrating Radar Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global ground penetrating radar market, assessing the market based on its segments like equipment, services and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 5%
Industry Definition and Major Segments
Ground-penetrating radar is a geophysical technology that uses radar pulses to image the subsurface. This non-destructive technology uses electromagnetic radiation to detect reflected signals from subterranean structures in the microwave band of the radio spectrum.
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Based on offering, the market is divided into:
- Equipment
- Services
Based on product type, the market is segmented as:
- Handheld Systems
- Cart-Based Systems
- Vehicle Mounted System
Based on the application, the market can be segmented as:
- Utility Detection
- Concrete Investigation
- Transportation Infrastructure
- Archaeology
- Geology and Environment
- Law Enforcement and Military
- Others
The EMR report looks into the regional markets of ground penetrating radar like:
- North America
- Latin America
- Europe
- the Middle East and Africa
- the Asia Pacific
Market Trends
The increasing usage of ground-penetrating radar to find underground utilities, such as plastic conduits or concrete storm and sanitary sewers, as well as changes in subterranean dielectric characteristics, is the primary driver of market expansion. It’s also utilised in military applications to identify explosive munitions and tunnels, giving the worldwide ground-penetrating radar business a boost. Furthermore, the growing need for radars around the world, rising geopolitical instability and territorial disputes, and the growing need for security will propel the ground-penetrating radar sector forward.
Key Market Players
The major players in the market are IDS Georadar, Guideline GEO, Sensors & Software Inc., Chemring Group PLC, GSSI Geophysical Survey Systems, Inc., Leica Geosystems AG, US Radar, Radiodetection Ltd. [SPX Corporation], and Penetradar Corporation. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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