0

Ground Penetrating Radar Market Expected to Reach $1.1 Billion by 2030—Allied Market Research

 
2022
Ground Penetrating Radar Market

Report Code : A07391

quote The GPR market in Asia-Pacific is expected to grow at the highest rate during the forecast period, owing to high investments in the transportation infrastructure sector. Moreover, economically developed nations tend to witness high penetration of GPR systems in concrete investigation and utility detection sector, which is projected to significantly contribute toward the growth of the market quote

N N Kundan - Analyst
Semiconductor and Electronics at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Ground Penetrating Radar Market," The ground penetrating radar market size was valued at $0.5 billion in 2020, and is estimated to reach $1.1 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030. Asia-Pacific is expected to be the leading contributor toward the ground penetrating radar market during the forecast period, followed by LAMEA and Europe.

Ground penetrating radar (GPR) is a geophysical locating technique that uses radio waves to record images beneath the ground's surface in a noninvasive manner. The ability to determine the placement of subterranean services without disturbing the ground is a key benefit of GPR.

Benefit of GPR systems over other traditional technologies such as radiography and rise in concerns related to safety & protection of underground utilities act as the key growth drivers of the global ground penetrating radar market. 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 foster the market growth. However, lack of skilled workforce to operate GPR equipment acts as a major deterrent factor of the global market. Conversely, modernization of existing infrastructure is expected to offer remunerative opportunities for the expansion of the global GPR market in the near future.

Moreover, developing nations tend to witness high penetration of GPR products, especially in transportation infrastructure and utility detection segments, which is anticipated to augment the ground penetrating radar market growth. Increase in government support for deployment of GPRs further accelerates the market growth.

The global ground penetrating radar industry 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 fragmented into control unit, antenna, power supply, and others. As per offering, it is bifurcated into equipment and services. Depending on application, it is categorized into utility detection, concrete investigation, transportation infrastructure, archaeology, and others. Also, the report provides a detailed ground penetrating radar market analysis based on competitive intensity and how the competition will take shape in coming years. 

Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America contributed maximum revenue in 2020. However, between 2020 and 2030, the GPR market in Asia-Pacific is expected to grow at a faster rate as compared to other regions. This is attributed to increase in demand from the emerging countries such as India, China, and South Korea.

KEY FINDINGS OF THE STUDY

  • The equipment segment is projected to be the major offering, followed by services.
  • Asia-Pacific and North America collectively accounted for more than 55% of the ground penetrating radar market share in 2020.
  • India is anticipated to witness highest growth rate during the forecast period.
  • U.S. was the major shareholder in the North America GPR market, accounting for approximately 78% share in 2020.
  • Depending on application, the transportation infrastructure segment generated the highest revenue in 2020. However, the utility detection segment is expected to witness the highest growth rate in the future.
  • Region wise, the GPR market was dominated by North America. However, Asia-Pacific is expected to witness significant growth in the coming years.

The key players profiled in the report include Chemring Group, Geophysical Survey Systems Inc., Guideline Geo, Hilti, IDS Georadar, Leica Geosystems AG, Penetradar Corp., Radiodetection, Geoscanners, and Utsi Electronics Ltd. These players have adopted various strategies such as partnership, acquisition, and product launch to strengthen their foothold in the industry.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote 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 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Nov 2024

Plush Toy Market

Download Sample

Buy Full Version
"Ground Penetrating Radar Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers