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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Ground Penetrating Radar Market Size
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.
Heightened Demand for Services to Propel the Global Ground Penetrating Radar Industry
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.
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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