24 March 2021
Visiongain has published a new report on Ground Penetrating Radar Market Report to 2031: Forecasts by Offering (Equipment, Services), by Product Type (Handheld Systems, Cart-Based Systems, and Vehicle-Mounted Systems), and Application (Utility Detection, Concrete Investigation, Transportation Infrastructure, Geotechnical & Environment, Forensics & Archaeology, and Others). PLUS, Profiles of Leading Pharma Contract Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global ground penetrating radar market was valued at US$ xx billion in xx and is projected to reach at a market value of US$ xx billion by 2031.
COVID-19 Impact on Ground Penetrating Radar Market
COVID-19 led in a new, unprepared operating environment across all industries worldwide. For the construction business, the supply-demand has changed rapidly over the past several months owing to governmental restrictions, supply chain challenges, and increased job site safety protocols spread across the globe. Ground Penetrating Radar is an immensely useful technique to detect underground assets and prevent their deterioration, but due to the large hindrance caused by COVID-19 on the infrastructural development, the trend for this particular market is expected to be quite weak over the coming months/year.
Increasing Concerns Related to Safety and Protection of Underground Utilities
GPR is a vital tool to protect the already laid assets such as electrical, telecom fiber-optic cables, water, and sewerage pipes, and gas pipelines. Such underground cables and pipelines are vital in supporting a city's infrastructure, and if excavation is done improperly, and the buried components can result in large mishaps such as electric arcs. As GPR is a non-destructive that is used to check the subsurface using electromagnetic radiation in the microwave band (UHF/VHF frequencies) of the radio spectrum and doesn’t damage the ground while testing; it is witnessing a lot of demand in the global market. This growth in demand is anticipated to drives the growth of the global ground penetrating radar market in the forecast timeframe.
Increasing Government Support for Deployment of GPRs
For laying down underground broadband, gas pipelines, etc. the roads are usually dug. The responsible authorities for any damage at places like airports, railway stations, universities, commercial or industrial campuses are the municipal government or some other administrative bodies. Such damages often result in the disruption of usual operations and businesses and pose danger for the workers as well as the public. Hence, to lessen the risks associated with the damage of underground utility, and further consequences, the municipal authorities across the globe are supporting the deployment of ground-penetrating radars. For instance, the U.S. government allocates around the US $ 10 billion per year to detect underground infrastructure. The increasing support by governments for safe and non-intrusive methods to locate underground utility assets and prevent any damage due to unchecked excavation is anticipated to propel the growth of the global ground penetrating radar market in the forecast timeline.
Oil and Gas Industry to Witness Significant Growth
Ground Penetrating Radar tools and equipment are used to reduce the operational risks in oil and gas industry by providing extremely accurate and reliable data. The engineers depend upon GPR equipment for the inspection of geological bodies which can be dangerous for drilling operations. It helps in the detection of underground pipeline leakage, to provide the precise location of coal, natural gas and oil deposits, among others.
Growing demand for GPR in Asia-Pacific
Major cities in Asia Pacific region are witnessing a significant growth in infrastructural development for instance, the subways’ construction to tackle the problems of pollution and travel-time by providing affordable and safe means of transportation.
In 2019, China invested approximately US $125 billion for the construction of high-speed rail network. China Railway Corporation aims to commission 6,800 km of new railway lines, which includes 4,100 km of high-speed infrastructure that is 4 percent more than the total track length commissioned in 2018.
The major players in the market include IDS Georadar, Guideline GEO, Sensors & Software Inc., Chemring Group, Geophysical Survey Systems, Inc. (GSSI), Leica Geosystems AG, US Radar, Radiodetection, Penetradar Corp., Utsi Electronics Ltd., Geoscanners, Groundradar, Pipehawk PLC, Proceq, and Impulseradar, among others. The market is dominated by these players; hence the market is consolidated, and the market concentration is high.
On March 2020, Worldsensing and IDS GeoRadar launched the most comprehensive mine safety monitoring system. This stage of the art system offers surface, sub-surface and geospatial monitoring- all in a single package.
On October 2019, Guideline Geo launched the MALÅ AI, the world’s first real AI technology for the interpretation of GPR data.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to firstname.lastname@example.org or call her on +44 (0) 20 7549 9987.
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
Factors such as massive need for automatic labelling machine in food & beverages industry and surge in demand for automated packaging solutions are some of the major factors propelling the market growth.
13 May 2021
Surge in the need of accuracy & faster to reduce human efforts and increased awareness towards automated truck loading system for optimization of the logistics supply are some of the major factors driving the market growth.
13 May 2021
Increased focus towards quality improvement along with end-to-end testing solutions and surge in adoption of System on Chip (SoC) is expected to boost the market growth.
13 May 2021
Benefits such as less consumption of power, better color mixing & lighting effect, and lower environmental hazards are propelling the growth of chip-on-board LED in the market.