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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Ground Penetrating Radar Market Growth
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.
Ground Penetrating Radar Market Report Snapshots
Ground Penetrating Radar Market Size
Ground Penetrating Radar Market Share
Ground Penetrating Radar Market Growth
Ground Penetrating Radar Companies
*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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Key Questions Answered in the Report
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.
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