The global ground penetrating radar market stood at a value of around USD 677.16 million in 2023. The market is further expected to grow at a CAGR of 8% in the forecast period of 2024-2032 to attain a value of around USD USD 1,357.77 million by 2032.
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Based on offering, the services segment is predicted to account for a significant market share in the ground penetrating radar industry. This growth can be attributed to the increased demand for GPR services, especially on a rental basis, as GPR equipment is costly. Moreover, the availability of new GPR equipment with improved features is also leading to their increased demand, which is expected to bolster the market growth in the coming years. In addition, the rising demand for detection, such as utility detection, needed in any construction, digging, or demolition process, to ensure that no unnecessary damage has taken place is also predicted to aid the market growth.
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The Asia Pacific is estimated to possess a substantial share of the ground penetrating radar industry in the forecast period. This growth can be attributed to the rising population density in the region, which is leading to a heightened demand for commercial and industrial infrastructure development. In this regard, the increased use of ground penetrating radars in investigating the structural health of the base soil is driving the market growth. Moreover, the heightened investments in the construction industry by the governments for the development of modern infrastructures, such as underground metros and subways, are also expected to bolster the market growth in the coming years.
Ground penetrating radar is an instrument that helps in surveying the ground by detecting electromagnetic contrasts under the surface. It is a non-intrusive investigation method to locate underground utilities like pipelines, cables, and metals, among others. This radar uses electromagnetic radiations and detects objects through the reflected signals. These radars can be used on multiple surfaces such as soil, water, and ice, among others.
By offering, the market is divided into:
On the basis of product type, the industry can be segmented into:
Based on application, the market can be categorised into:
The regional markets for the product include:
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The heightened implementation of ground penetrating radar systems in the efficient detection of oil wells is predicted to provide lucrative growth opportunities to the market in the forecast period. These tools help mitigate any risk of damage and provide accurate information for drilling procedures. In this regard, the market players are developing comprehensive monitoring solutions to enhance and improve the efficiency of the GPR equipment. For instance, Worldsensing and IDS GeoRadar, in March 2020, launched their comprehensive mining monitoring package, which offers surface, sub-surface, and geospatial monitoring. Moreover, the technological developments in radar systems to provide high-quality imaging and enhanced accuracy are anticipated to further contribute to the market growth in the forecast period.
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The report gives a detailed analysis of the following key players in the global ground penetrating radar market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
Ground Penetrating Radar Market Size
Ground Penetrating Radar Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market attained a value of nearly USD 677.16 million.
The market is expected to grow at a CAGR of 8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of about USD 1,357.77 million by 2032.
The major drivers expected to aid the market growth are the growing adoption of ground penetrating radars in military sector, increasing infrastructure activities, rising expenditure by various governments on improving security and surveillance across the nations, and the growing technological advancements.
The key trends guiding the growth of the global ground penetrating radar market include the growing demand for in-depth ground data analysis with 3D imaging and real-time feature and the increasing preference for autonomous cars.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Equipment and services are the major offerings of the product in the market.
The significant product types of ground penetrating radar in the market include handheld systems, cart-based systems, and vehicle mounted systems.
Utility detection, concrete investigation, transportation infrastructure, archaeology, geology and environment, and law enforcement and military, among others, are the major applications of the product.
The major players in the market are IDS GeoRadar s.r.l., Sensors & Software Inc., Guideline Geo, Chemring Group PLC, GSSI Geophysical Survey Systems Inc., and Geoscanners AB, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Offering |
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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