Ground Penetrating Radar Market 2022 Competitive Insights and global Developments- Guideline Geo, Chemring Group, Geophysical Survey Systems

The Ground Penetrating Radar Market provides a unique tool for evaluating the market highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Ground Penetrating Radar Market forecast 2026.               

The ground penetrating radar market is expected to register a CAGR of 7.5% over the forecast period 2021 - 2026.

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The Ground Penetrating Radar market is highly competitive and consists of a number of major players. Companies like IDS Georadar, Sensors & Software Inc., Guideline Geo, Chemring Group, Geophysical Survey Systems, Inc. (GSSI), Ground Penetrating Radar Systems, LLC, Geoscanners, Pipehawk PLC, Utsi Electronics Ltd., Hilti Amongst Others.

Key Developments:

- October 2019 - Guideline Geo has launched the MAL AI, the worlds first real AI technology for the interpretation of GPR data. The real-time AI will enable automatic detection, warnings, avoidance. For instance, in utility locating MAL AI will instantly analyze the GPR data and will mark the detected objects with a red square to warn the user and help to avoid damaging important infrastructure such as fibre, power cables or gas lines.
- February 2019 - SPX Corporation has completed the acquisition of the Sabik Marine and obstruction lighting business of Carmanah Technologies Corporation. The company will leverage Sabiks highly-engineered technology and products to expands and strengthens its position.

Key Market Trends:

Oil and Gas Industry to Witness Significant Growth
- GPR tools and equipments are used to reduce the level of danger by providing extremely accurate and reliable information. The engineers rely upon GPR equipment for the examination of geological bodies dangerous for drilling operations (carven-load, bedded ices), detection of underground pipeline leakage, the precise location of coal, natural gas and oil deposits.
- As per the IOGPs global production report 2019, demand for oil and gas is at the peak, greater than ever before, with dramatic growth in Africa, Asia Pacific, the Middle East and the Americas. This has fueled the investment in the exploration and production of oil to meet the growing demand.
- Many mid-sized players are forming strategic alliances for the development of unconventional resources. For instance, in 2019, Ecopetrol and Occidental Petroleum Corp agreed to form a joint venture for the development of unconventional reservoirs in approximately 97,000 acres of the Permian Basin in the State of Texas which is one of the largest and most active oil basins in the United States, accounting for approximately 30% of the total U.S. oil production. Thus, strengthening the demand of GPR equipment in oil and gas industry.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools:  Ground Penetrating Radar Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Frequently asked questions by our customers:

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Finally, Ground Penetrating Radar Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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