{"product_id":"ground-penetrating-radar-gpr-global-market-outlook-2021-2028","title":"Ground Penetrating Radar (GPR)  - Global Market Outlook (2021-2028)","description":"\u003cp\u003eGround Penetrating Radar (GPR)  - Global Market Outlook (2021-2028)\u003c\/p\u003e\n\n\u003cp\u003eAccording to Stratistics MRC, the Global Ground Penetrating Radar (GPR) Market is accounted for $597.61 million in 2021 and is expected to reach $1,172.01 billion by 2028 growing at a CAGR of 10.1% during the forecast period. A GPR system is consists of three main components control unit, antenna, and power supply. GPR system can be dash with various power supplies ranging from small rechargeable batteries to vehicle batteries and normal. Connectors and adapters are accessible for each power source type. The unit in the photo above can run from a small internal rechargeable battery or external power.\u003c\/p\u003e\n\n\u003cp\u003eMarket Dynamics:\u003c\/p\u003e\n\n\u003cp\u003eDriver:\u003c\/p\u003e\n\n\u003cp\u003eRising Concerns Associated to Safety and Protection of Underground Utilities\u003c\/p\u003e\n\n\u003cp\u003eUnderground cables and pipelines are important to contemporary infrastructure and these buried assets such as electrical, telecom fiber-optic cables, water, sewerage pipes, and gas pipelines must be protected from future excavations. If these assets are not protected, then they can be results in large disasters such as electrical arcs. Thus, to protect these assets the demand for ground penetrating radar systems is continuously increasing on a global level. This increased demand can drive the growth of the market.\u003c\/p\u003e\n\n\u003cp\u003eRestraint:\u003c\/p\u003e\n\n\u003cp\u003eHigh Cost\u003c\/p\u003e \n\n\u003cp\u003eThe higher cost of GPR equipment and its maintenance has been restricting the market and preventing its penetration in numerous industries. As GPR systems are digitally controlled, data are usually recorded digitally for post-survey processing and display. The digital control and display part of a GPR system generally consists of a microprocessor, memory, and a mass storage medium to store the field measurements. Hence all these increase the price of the GPR equipments.\u003c\/p\u003e\n\n\u003cp\u003eOpportunity:\u003c\/p\u003e\n\n\u003cp\u003eRising Government Support for Deployment of GPRs\u003c\/p\u003e\n\n\u003cp\u003eThe municipal government, administration, or owner is responsible for any underground infrastructure damage that occur at places like airport, railway stations, university, commercial or industrial campuses. Such damages can disrupt operations and business as well as they are very dangerous for workers and the public. Thus, to reduce the risk of underground utility damage and the consequences, the municipal government is supporting the ground penetrating radars deployment. For example, the U.S. devotes an estimated $10 billion annually to locating underground infrastructure. These factors can create ample opportunities for the demand for ground-penetrating radars in near future.\u003c\/p\u003e\n\n\u003cp\u003eThreat:\u003c\/p\u003e\n\n\u003cp\u003eLack of Skilled labor\u003c\/p\u003e\n\n\u003cp\u003eThe nature of work is rapidly changing due to emerging technologies and disruptive forces. Hence, the expertise and skillset required to operate GPR equipment are expected to be an obstructing factor to the growth of the market. Also, it is difficult to find and retain high-level employees who have the right mix of skills and expertise.\u003c\/p\u003e\n\n\u003cp\u003eServices segment is expected to be the largest during the forecast period\u003c\/p\u003e\n\n\u003cp\u003eThe growth can be attributed to the rise in the practice of procuring GPR systems on a rental basis owing to their high cost of ownership, continuous innovation in GPR, and imposed regulations and standards by the government for using a suitable detecting device before commencing digging, demolishing, or constructing any infrastructure.\u003c\/p\u003e\n\n\u003cp\u003eThe transport \u0026amp; infrastructure segment is expected to have the highest CAGR during the forecast period\u003c\/p\u003e\n\n\u003cp\u003eThe transport \u0026amp; infrastructure is leading in the market immensely in the use of GPR for supervising roadway and bridge structural conditions successfully \u0026amp; resourcefully. Ground Penetrating Radar (GPR) is a non-destructive geophysical method widely used in infrastructure assessment, particularly in road pavements, due to its low operation cost, time-saving, non-invasive, and less workforce.\u003c\/p\u003e\n\n\u003cp\u003eRegion with highest share:\u003c\/p\u003e\n\n\u003cp\u003eThe Asia Pacific is projected to hold the highest market share, owing to the growing automotive industry, as well as military spending, is anticipated to boost the market. In China, the increasing use of the vehicle-mounted GPR system is refueling market growth. Major cities of Asia pacific counties are experiencing the growth of subways construction to combat the problems of pollution, travel time, and rising prices of fuel by providing affordable and safe means of transportation. For instance, in 2019, China invested more than USD 125 billion in the construction of a high-speed rail network. China Railway Corporation is set to open 6,800 km of new lines, including 4,100 km of high-speed infrastructure. It has reduced the travel time between major Chinese cities, and authorities are looking to extend new lines into some of the remote corners of the country. These factors contribute to the market growth in this province.\u003c\/p\u003e\n\n\u003cp\u003eRegion with highest CAGR:\u003c\/p\u003e\n\n\u003cp\u003eNorth America is projected to have the highest CAGR; North America is the top province in the world in the construction industry and military applications in GPR market. This area holds the major size of the GPR market in the aging civil structures and deteriorating buildings owing to inconsiderate environmental conditions. The Americas is expected to hold the largest size of the market during the forecast period. The aging civil structures and deteriorating buildings because of harsh environmental conditions, resulting in increased maintenance, repair, and overhaul cost, would drive the demand for the market in the province.\u003c\/p\u003e\n\n\u003cp\u003eKey players in the market:\u003c\/p\u003e\n\n\u003cp\u003eSome of the key players profiled in the Ground Penetrating Radar (GPR) Market include Chemring Group, ChinaGPR, GEOTECH, GSSI, IDS GeoRadar, Japan Radio Co, Kedian Reed, MALA, Radiodetection, SSI, US Radar, Utsi Electronics, SPX Corporation.\u003c\/p\u003e\n\n\u003cp\u003eKey developments:\u003c\/p\u003e\n\n\u003cp\u003eIn February 2019: SPX Corporation acquired the Sabik Marine and obstruction lighting business of Carmanah Technologies Corporation. The company leverage Sabik’s highly-engineered technology and products to expands and strengthens its position.\u003c\/p\u003e\n\n\u003cp\u003eIn April 2018: GSSI (US) partnered with MIT Lincoln Laboratory (US) to sign a licensing agreement for building and selling commercial prototypes of their localized GPR (LGPR) systems, which help autonomous vehicles navigate by using subsurface geology\u003c\/p\u003e\n\n\u003cp\u003eIn May 2018: Sensors \u0026amp; Software Inc. (Canada) launched the latest version of pulseEKKO—the Ultra Receiver. This product was built on the world-renowned capability of the pulseEKKO GPR brand. It is fully compatible with all low-frequency pulseEKKO PRO and pulseEKKO 100 transmitters.\u003c\/p\u003e\n\n\u003cp\u003eProducts Covered:\u003cbr\u003e\nCart-Based Systems\u003cbr\u003e\nHandheld Systems\u003cbr\u003e\nVehicle-Mounted Systems\u003c\/p\u003e \n\n\u003cp\u003eComponents Covered: \u003cbr\u003e\nAntenna\u003cbr\u003e\nControl Unit \u003cbr\u003e\nPower Supply\u003c\/p\u003e \n\n\u003cp\u003eOfferings Covered:\u003cbr\u003e\nEquipment\u003cbr\u003e\nServices\u003c\/p\u003e\n\n\u003cp\u003eApplications Covered:\u003cbr\u003e\nArchaeology\u003cbr\u003e\nConcrete Investigation \u003cbr\u003e\nDisaster Inspection \u003cbr\u003e\nGeology and Environment\u003cbr\u003e\nLaw Enforcement and Military \u003cbr\u003e\nMunicipal Inspection\u003cbr\u003e\nTransportation Infrastructure \u003cbr\u003e\nUtility Detection\u003cbr\u003e\nOther Applications\u003cbr\u003e\n \u003cbr\u003e\nRegions Covered:\u003cbr\u003e\nNorth America\u003cbr\u003e\nUS\u003cbr\u003e\nCanada\u003cbr\u003e\nMexico\u003cbr\u003e\nEurope\u003cbr\u003e\nGermany\u003cbr\u003e\nUK\u003cbr\u003e\nItaly\u003cbr\u003e\nFrance\u003cbr\u003e\nSpain\u003cbr\u003e\nRest of Europe\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\nJapan\u003cbr\u003e\nChina\u003cbr\u003e\nIndia\u003cbr\u003e\nAustralia\u003cbr\u003e\nNew Zealand\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nRest of Asia Pacific\u003cbr\u003e\nSouth America\u003cbr\u003e\nArgentina\u003cbr\u003e\nBrazil\u003cbr\u003e\nChile\u003cbr\u003e\nRest of South America\u003cbr\u003e\nMiddle East \u0026amp; Africa \u003cbr\u003e\nSaudi Arabia\u003cbr\u003e\nUAE\u003cbr\u003e\nQatar\u003cbr\u003e\nSouth Africa\u003cbr\u003e\nRest of Middle East \u0026amp; Africa\u003c\/p\u003e\n\n\u003cp\u003eWhat our report offers:\u003cbr\u003e\n- Market share assessments for the regional and country-level segments\u003cbr\u003e\n- Strategic recommendations for the new entrants\u003cbr\u003e\n- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028\u003cbr\u003e\n- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)\u003cbr\u003e\n- Strategic recommendations in key business segments based on the market estimations\u003cbr\u003e\n- Competitive landscaping mapping the key common trends\u003cbr\u003e\n- Company profiling with detailed strategies, financials, and recent developments\u003cbr\u003e\n- Supply chain trends mapping the latest technological advancements\u003c\/p\u003e\n\n\u003cp\u003eFree Customization Offerings: \u003cbr\u003e\nAll the customers of this report will be entitled to receive one of the following free customization options:\u003cbr\u003e\nCompany Profiling\u003cbr\u003e\nComprehensive profiling of additional market players (up to 3)\u003cbr\u003e\nSWOT Analysis of key players (up to 3)\u003cbr\u003e\nRegional Segmentation\u003cbr\u003e\nMarket estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)\u003cbr\u003e\nCompetitive Benchmarking\u003cbr\u003e\nBenchmarking of key players based on product portfolio, geographical presence, and strategic alliances\u003c\/p\u003e","brand":"Public Sector","offers":[{"title":"April, 2022 \/ 200 Pages \/ MCW16267838","offer_id":47701685797170,"sku":null,"price":4980.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/ground-penetrating-radar-gpr-global-market-outlook-2021-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}