DUBLIN--(BUSINESS WIRE)--The "Ground Penetrating Radars - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Ground Penetrating Radars estimated at US$452.9 Million in the year 2020, is projected to reach a revised size of US$699.9 Million by 2026, growing at a CAGR of 7.7% over the analysis period.
Equipment, one of the segments analyzed in the report, is projected to grow at a 7.4% CAGR to reach US$461.1 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 8.3% CAGR for the next 7-year period.
This segment currently accounts for a 38.2% share of the global Ground Penetrating Radars market. Notable progress over the past two decades has enabled GPR equipment to evolve from an unreliable option to an accurate and highly dependable solution for concrete testing. Latest GPR equipment offers a sophisticated imaging option that relies on wideband sinusoidal electromagnetic waves for offering high-resolution images related to subsurface materials up to a depth of 10 meters.
The U.S. Market is Estimated at $171.9 Million in 2021, While China is Forecast to Reach $99 Million by 2026.
Companies Mentioned
- Chemring Group PLC
- Exploration Instruments LLC
- Geophysical Survey Systems, Inc.
- GEOSCANNERS AB
- GeoSearches Inc.
- Ground Penetrating Radar Systems, LLC
- Guideline Geo AB
- Hilti Corp.
- IDS Georadar s.r.l
- Japan Radio Co. Ltd.
- Leica Geosystems AG
- Pipehawk PLC
- Radiodetection Ltd.
- Sensors & Software Inc.
- SPX Corporation Utsi Electronics Ltd.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Ground Penetrating Radars - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Rise of Remote Sensing Technologies Provides the Foundation for Growth of Ground Penetrating Radars
- The Never-Ending "Race" Between the Virus & Vaccines Continues. Amidst this Chaotic Battle, Where is the World Economy Heading Now & Beyond?
- As Omicron Strain Fuels Fresh Waves of Infections Across the Globe, Mutating Coronavirus is the New Pandemic Challenge in 2022
- With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking. But How Practical Is It to Implement Them?
- With Vaccinated Population Showing Signs of Declining Clinical Protection, Booster Doses Are Emerging Into a Necessity to Restore Vaccine Effectiveness, but this Strategy is Not Within Reach for Most Countries: Number of Booster Doses Administered Per 100 People by Country as of December 2021
- At the Dawn of 2022, We Leave Behind Millions of Deaths Due to New Strains & Once Again Stare at an Impending Catastrophe
- How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
- Split Scenarios Unfold: The Great Vaccine Divide Emerges
- Vaccine Imbalances to Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of November 2021
- Amid this Prolonged Pandemic, Why Should Businesses Care About Progress on Vaccinations?
- With IMF Making an Upward Revision of Global GDP for 2022, Companies Are Bullish About an Economic Comeback Despite a Continuing Pandemic
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Expected Recovery in the Construction Sector to Open Up Opportunities for Ground Penetrating Radars
- Recovering New Constructions & Renovations to Benefit Demand for GPRs: Global Construction Spending (In US$ Trillion) for the Years 2019, 2020, & 2021
- Here's How GPRs Helps in Making Construction Projects Faster, Cheaper & Safer
- Rise of Environmental Impact Assessment as a Tool for Sustainable Development Drives Opportunities for Ground Penetrating Radar
- Sustainability Becomes More Important than Ever. Here's Why
- EIA (Environmental Impact Assessment) Storms Into the Spotlight Generating Opportunity for GPRs
- Healthy Defense Budgets Bodes Well for GPRs in Military Applications
- Robust Defense Spending Opens Opportunities for Increased Investments in GPRs Technology : World Military Expenditure (In US$ Billion) for Years 2019, 2020 and 2021
- Use of GPRs Technology in Military & Defense: A Review
- Evergreen Importance of Archaeology Bodes Well for Ground Penetrating Radar
- Aging Energy Infrastructure & Increased Investments in Underground Power Transmission & Distribution Utilities Drive Opportunities for GPRs in Utility Mapping Applications
- Continuous Innovation in GPR Technology Bodes Well for Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/xbkqeb
