Portland, OR, May 03, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global ground penetrating radar market generated $0.5 billion in 2020, and is expected to reach $1.1 billion by 2030, witnessing a CAGR of 8.2% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Benefits of ground penetrating radar (GPR) systems over traditional technologies such as radiography, rise in concerns related to safety & protection of underground utilities, and demand for a wide range of applications such as transportation infrastructure, concrete investigation, disaster inspection, municipal inspection, geology & environment, and archaeology drive the growth of the global ground penetrating radar market. However, lack of skilled workforce for operating GPR equipment restraint the market growth. On the other hand, modernization of existing infrastructure presents opportunities in the next few years.
Download Free Sample Report (Get Detailed Analysis in PDF - 261 Pages): https://www.alliedmarketresearch.com/request-sample/7756
COVID-19 Scenario:
- Owing to lockdown restrictions imposed in many countries, there were interruptions in manufacturing activities. Moreover, disruptions in the supply chain led to shortage of raw materials. This factor also impacted manufacturing activities.
- The demand for applications such as concrete investigation, transportation infrastructure, archaeology, and others reduced considerably due to stoppage of operations during the lockdown. However, the demand recovered post-lockdown.
- Massive manufacturing interruptions across Europe and ban on export activities of Chinese parts restrained growth opportunities for the market during the pandemic.
The report offers detailed segmentation of the global ground penetrating radar market based on component, offering, type, application, and region. Based on component, the control unit segment accounted for the largest share in 2020, contributing to nearly one-third of the total share. However, the antenna segment is expected to witness the highest CAGR of 9.9% from 2021 to 2030.
Interested to Procure the Data? Inquire Here: https://www.alliedmarketresearch.com/purchase-enquiry/7756
Based on type, the handheld systems segment contributed to the highest share of the global ground penetrating radar market in 2020, accounting for nearly two-thirds of the total market share, and is expected to maintain its lead position during the forecast period. However, the cart-based systems segment is estimated to manifest the fastest CAGR of 9.9% from 2021 to 2030.
Based on region, North America held the highest share in 2020, accounting for nearly one-third of the total share. However, Asia-Pacific is estimated to portray the highest CAGR of 9.6% during the forecast period.
Get Detailed COVID-19 Impact Analysis on the Ground Penetrating Radar Market: https://www.alliedmarketresearch.com/request-for-customization/7756?reqfor=covid
Leading players of the global ground penetrating radar market analyzed in the research include Chemring Group, Guideline Geo, Geophysical Survey Systems Inc., IDS Georadar, Hilti, Penetradar Corp., Leica Geosystems AG, Geoscanners, Radiodetection, and Utsi Electronics Ltd. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
Access AVENUE - A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying:
https://www.alliedmarketresearch.com/avenue/trial/starter
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
