Ground Penetrating Radar Market Insights
The global ground penetrating radar market will likely demonstrate notable revenue growth, with growing efforts to increase construction and subsurface mapping efficiency. Market Research Future (MRFR) confirms that the global ground penetrating radar market will escalate from USD 0.55 BN in 2022 to USD 1.1 BN by 2032, growing at an 8.20% CAGR during the assessment period (2023-2032).
Rising usages of these radars in non-destructive land and environment mapping would drive market growth. Also, the growing uptake of ground penetrating radars in monitoring transportation infrastructures, including roads, railroads, airports, ports, bridges, canals, and tunnels, would substantiate the market size. Moreover, increasing activities of floor subsurface structure observations would drive ground penetrating radar industry demand.
The market will witness significant revenue growth with the growing use of GPR tools to assess transportation infrastructure conditions. Automakers nowadays look to provide the highest standards of technological sophistication and hence, use advanced GPRs to assess implications on user comfort & security. Additionally, increasing applications of ground penetrating radars in aerial & naval units and automotive manufacturing would influence market revenues.
Major Players
Players leading the ground penetrating radar market include
- Sensors & Software Inc. (Canada),
- IDS Georadar (Italy),
- Guideline Geo (Sweden),
- Geophysical Survey Systems, Inc. (GSSI - US),
- Chemring Group (UK), and
- Ground Penetrating Radar Systems, LLC (US), among others.
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Ground Penetrating Radar Market - Segments
This market is segmented into type, application, and region. The type segment is sub-segmented into handheld systems, cart-based systems, and vehicle-mounted systems. The application segment is sub-segmented into utility detection, concrete investigation, transportation infrastructure, archaeology, geology & environment, law enforcement & military, and others. Further, the region segment is sub-segmented into the Americas, Asia-Pacific, Europe, and rest-of-the-world.
Global Ground Penetrating Radar Market - Regional Analysis
North America dominates the global ground penetrating radar industry. The growing use of GPR solutions in construction and environment mapping drives market growth. Besides, the increasing demand for GPR tools from law enforcement to locate hidden graves and buried evidence accelerates the region's market shares. The increasing adoption of borehole radars utilizing GPR in underground mining applications influences market revenues.
Also, growing military uses of GPR solutions for detecting clandestine land mines and unexploded ordnance support market growth. Moreover, the availability of advanced technologies and rising military budgets positively impact regional market growth. The North American ground penetrating radar market would retain its dominance throughout the assessment period.
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Global Ground Penetrating Radar Market - Competitive Analysis
Highly competitive, the ground penetrating radar market appears diversified due to the presence of several giant manufacturers. Industry players adopt strategies like mergers & acquisitions, collaboration, and product/technology launches to gain a larger competitive share. They make substantial investments to drive their R&D and expansion plans.
Industry/ Innovation/ Related News
Dec.16, 2022 -- IDS GeoRadar announced it is extending applications of its IQMaps software to a wider range of ground penetrating radar(GPR) systems. IDS GeoRadar's IQMaps software is used in post-processing applications for advanced GPR data analysis, enabling fast interfacing between the user and GPR data. With a step-by-step approach, this customizable processing and analysis tool guides users in performing the best and the quickest data analysis for utility mapping. IQMaps software uses real-time data processing to optimize target management and 3D visualization of radar data from underground utility surveys.
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