Ground Penetrating Radar Market By Type (Handheld Systems, Cart Based Systems, Vehicle Mounted Systems), By Component (Control Unit, Antenna, Power Supply, Others), By Offering (Equipment, Services), By Application (Utility Detection, Concrete Investigation, Transportation Infrastructure, Archaeology, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global ground penetrating radar market was valued at $0.54 billion in 2020, and is projected to reach $1.14 billion by 2030, registering a CAGR of 8.2% from 2021 to 2030. Ground penetrating radar (GPR) uses microwave radiation waves with frequencies ranging from 1 to 1,000 MHz. A transmitter and a receiving antenna are the two major components required for ground penetrating radar. GPR works by sending a pulse into the ground and recording the echoes that come back from subsurface objects. Variations in the composition of the ground material are detected by GPR imaging instruments.
Growth of the global ground penetrating radar market is anticipated to be driven by factors such as benefit of GPR systems over other traditional technologies such as radiography and rise in concerns related to safety & protection of underground utilities. In addition, surge in demand for GPR for a wide range of applications such as concrete investigation, transportation infrastructure, municipal inspection, disaster inspection, geology & environment, and archaeology fuels the market growth. However, lack of skilled workforce to operate GPR equipment acts as a major restraint of the GPR market. On the contrary, modernization of existing infrastructure is expected to create lucrative opportunities for the expansion of the industry during the forecast period.
The global ground penetrating radar market is segmented into type, component, offering, application, and region. By type, the market is classified into handheld systems, cart-based systems, and vehicle-mounted systems. On the basis of component, it is segregated into control unit, antenna, power supply, and others. Depending on offering, it is fragmented into equipment and services. As per application, it is categorized into utility detection, concrete investigation, transportation infrastructure, archaeology, and others.
Region wise, the GPR market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America dominated the GPR market in 2020, and is projected to register significant growth rate during the forecast period, owing to growth of the transportation infrastructure segment. However, Asia-Pacific is expected to witnesses significant growth by the end of the forecast period, followed by LAMEA.
The key players operating in the market include Chemring Group, Geophysical Survey Systems Inc., Guideline Geo, Hilti, IDS Georadar, Leica Geosystems AG, Penetradar Corp., Radiodetection, Geoscanners, and Utsi Electronics Ltd.
KEY BENEFITS FOR STAKEHOLDERS
This study comprises analytical depiction of the global GPR market size along with current trends and future estimations to depict imminent investment pockets.
The overall ground penetrating radar market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The market ground penetrating radar market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
The Porter’s five forces analysis illustrates the potency of the buyers and the ground penetrating radar market share of key vendors.
The report includes the market trends and the market share of key vendors.
Key Market Segments
By Component
Antenna
Power Supply
Others
Control Unit
By Offering
Equipment
Services
By Type
Handheld Systems
Cart Based Systems
Vehicle Mounted Systems
By Application
Utility Detection
Concrete Investigation
Transportation Infrastructure
Archaeology
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Rest of Europe
U.K.
Germany
France
Italy
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Chemring Group plc
Geophysical Survey Systems Inc.
Hilti
ids georadar
Leica Geosystems AG
Penetradar Corp.
Radiodetection
Sensors and Software Inc.
Utsi Electronics Ltd.
Guideline Geo
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