Ground Penetrating Radar Market

Ground Penetrating Radar Market Size, Share, Growth Analysis, By Product Type(Handheld Systems, Cart-based Systems, Vehicle-mounted Systems), By Offering(Equipment, Services), By Application(Utility Detection, Concrete Investigation, Transportation Infrastructure, Archaeology), By Region(North America, South America, Europe, The Middle East & Africa) - Industry Forecast 2024-2031


Report ID: UCMIG45J2069 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Ground Penetrating Radar Market Insights

Market Overview:

In 2021, the worldwide market size for ground penetrating radar was valued at USD 336.2 million. Predictions suggest that the market will experience growth from USD 367.3 million in 2022 to USD 612.6 million by 2029, indicating a compound annual growth rate of 7.58% over the forecast period. Due to the effects of the Russia-Ukraine War, demand for ground-penetrating radar has risen significantly in all regions beyond pre-war levels. Analysis shows that the market grew by 8.4% in 2020 when compared to 2019.

Ground Penetrating Radar Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electronic Equipment & Instruments by segment aggregation, the contribution of the Electronic Equipment & Instruments in Technology Hardware & Equipment and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Ground Penetrating Radar was estimated to be valued at US$ XX Mn in 2021.

The Ground Penetrating Radar Market is estimated to grow at a CAGR of XX% by 2028.

The Ground Penetrating Radar Market is segmented on the basis of Product Type, Offering, Application, Region.

Based on region, the Ground Penetrating Radar Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Ground Penetrating Radar Market are Chemring Group (U.K.), Geophysical Survey Systems Inc. (U.S.), Geoscanners (U.K.), Guideline Geo (Sweden), IDS Georadar (Italy), Israel Aerospace Industries Ltd (Israel), Pipehawk Plc (U.K.), Raytheon Technologies Corporation (U.K.), Radiodetection Ltd. (U.K.), Saab AB (Sweden), Thales Group (France).

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Ground Penetrating Radar Market

Report ID: UCMIG45J2069

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