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The heightened investments in the construction and mining sector are predicted to drive the global ground penetrating radar industry in the forecast period. This can be attributed to the increased demand for surface, sub-surface, and geospatial investigation. For instance, in the form of utility detection in the construction of subways and for the accurate detection of oil wells deep below the ground, among others. In addition, the increased demand for high quality scanning and accurate detailing such as in concrete quality detection is expected to bolster the market growth in the coming years. Furthermore, the rapid technological advancements are also expected to aid the market growth.
The growing mergers and acquisitions among the leading market players to expand their detection portfolios and fulfill the growing demand for ground penetrating radar systems across different industries, such as construction, are predicted to significantly bolster the industry growth in the forecast period. For instance, in November 2020, SPX Corporation (NYSE: SPXC), a supplier of highly engineered products and technologies, announced the acquisition of Sensors and Software Inc., a manufacturer and distributor of ground penetrating radar products. This acquisition is expected to aid SPX’s Radiodetection business portfolio of cable and pipe locator and detection and measurement products. Such developments are expected to positively impact the growth of the ground penetrating radar industry in the forecast period.
Market Breakup by Offering, Product Type, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global ground penetrating radar market are IDS GeoRadar s.r.l., Sensors & Software Inc., Guideline Geo, Chemring Group PLC, GSSI Geophysical Survey Systems, Inc., Geoscanners AB, Leica Geosystems AG, US Radar Inc., Radiodetection Ltd., Others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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