糖心vlog传媒

logo

Ground Penetrating Radar Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report Includes Global Ground Penetrating Radar Systems and the Market is Segmented by Product Type (Handheld Systems, Cart-Based Systems, and Vehicle-Mounted Systems), Offering (Equipment and Services), Application (Utility Detection, Concrete Investigation, Transportation Infrastructure, Archaeology, Geology and Environment, and Others), and Geography (North America, Europe, Asia-Pacific, Rest of the World). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Home Market Analysis Technology, Media and Telecom Research Automation Research Industrial Automation Research Industrial Imaging Research Industrial Imaging Techniques Research Active Remote Sensing Research RADAR Research Ground Penetrating Radar Industry

Ground Penetrating Radar Market Size

Ground Penetrating Radar Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 7.50 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Ground Penetrating Radar Market Key Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Ground Penetrating Radar Market with other markets in Technology, Media and Telecom Industry

Automation

Digital Commerce

Electronics

Information Technology

Media and Entertainment

Security & Surveillance

Ground Penetrating Radar Market Analysis

The ground penetrating radar market is expected to register a CAGR of 7.5% over the forecast period 2021 - 2026. It is a non-destructive method that uses radar pulses for shallow subsurface investigation and exploration and has broad applications in various industries. Ground penetrating radar is used to detect underground assets in mining, water and sewage, oil & gas, and construction industries. These are also used to evaluate the amount of deterioration of bridge decks, parking decks, and other structures.

  • Major cities of Asia pacific regions are experiencing the growth of subways construction to combat the problems of pollution, travel time and rising prices of fuel by providing affordable and safe means of transportation.
  • For instance, in 2019, China invested more than USD 125 billion for the construction of high-speed rail network. China Railway Corporation is set to open 6,800 km of new lines, including 4,100 km of high-speed infrastructure, which is 45% more than the total mileage commissioned in 2018. By the end of 2018, it was operating 29,000 km of high-speed lines, two-thirds of the world and had added more than 4000 route-km in 2018. It has reduced the travel time between major Chinese cities, and authorities are looking to extend new lines into some of the remote corners of the country.
  • Over the decade, demand for non-renewable resources is increasing and pushing companies to develop more sophisticated equipment to detect and identify the new oil reserves. This has increased the use of modern instruments and tools based on GPR technology that gather, analyze, and process huge amounts of data, which allows technicians and specialists to make fast and valuable decisions. These are also used to detect underground pipeline leaks and prevent any explosion.
  • However, higher cost of GPR equipments and its maintenance has been restricting the market and preventing its penetration in various industry.

Ground Penetrating Radar Market Trends

This section covers the major market trends shaping the Ground Penetrating Radar Market according to our research experts:

Oil and Gas Industry to Witness Significant Growth

  • GPR tools and equipments are used to reduce the level of danger by providing extremely accurate and reliable information. The engineers rely upon GPR equipment for the examination of geological bodies dangerous for drilling operations (carven-load, bedded ices), detection of underground pipeline leakage, the precise location of coal, natural gas and oil deposits.
  • As per the IOGP鈥檚 global production report 2019, demand for oil and gas is at the peak, greater than ever before, with dramatic growth in Africa, Asia Pacific, the Middle East and the Americas. This has fueled the investment in the exploration and production of oil to meet the growing demand.
  • Many mid-sized players are forming strategic alliances for the development of unconventional resources. For instance, in 2019, Ecopetrol and Occidental Petroleum Corp agreed to form a joint venture for the development of unconventional reservoirs in approximately 97,000 acres of the Permian Basin in the State of Texas which is one of the largest and most active oil basins in the United States, accounting for approximately 30% of the total U.S. oil production. Thus, strengthening the demand of GPR equipment in oil and gas industry.
Ground Penetrating Radar Market Share

North America to Record a Significant Growth

  • North America ground penetrating radar market is expected to hold a significant share due to the favorable development in military, utility detection, transport infrastructure.
  • US military is constantly upgrading equipments with advanced technology every year to bring about ground-breaking change. The U.S Army is planning to install ground-penetrating radar on drone that will be capable of surveying previously inaccessible locations. They are attempting to embed this technology onto a chip so that it can display a digital map of the surroundings.
  • The players operating in the region are focusing on new product developments to increase their production capabilities. For instance, in October 2019, GSSI, United States based ground penetrating radar (GPR) equipment manufacturer has introduced the new 200 MHz (200 HS) antenna, the first of the next-generation, high-performance GS Series that is designed for applications that require deeper depth penetration. It is ideal for geophysical, geotechnical, or environmental applications that require high reliability under challenging survey conditions.
Ground Penetrating Radar Market Analysis

Ground Penetrating Radar Industry Overview

The major players in the market are Sensors & Software Inc., IDS GeoRadarhave, Guideline Geo, Leica Geosystems AG, Penetradar Corp., Utsi Electronics Ltd, and others. The market is dominated by these players, hence the market is consolidated. Therefore, market concentration is high.

  • March 2020 - Worldsensing and IDS GeoRadar have cooperated and launched the most comprehensive mine safety monitoring system. This integrated system, the first in the world, offers surface, sub-surface and geospatial monitoring in a single package. The joint solution will simplify data management using HxGN GeoMonitoring Hub integrated visualization and analysis platform, delivered through IDS GeoRadar.
  • October 2019 - Guideline Geo has launched the MAL脜 AI, the world's first real AI technology for the interpretation of GPR data. The real-time AI will enable automatic detection, warnings, avoidance. For instance, in utility locating MAL脜 AI will instantly analyze the GPR data and will mark the detected objects with a red square to warn the user and help to avoid damaging important infrastructure such as fibre, power cables or gas lines.
  • February 2019 - SPX Corporation has completed the acquisition of the Sabik Marine and obstruction lighting business of Carmanah Technologies Corporation. The company will leverage Sabik's highly-engineered technology and products to expands and strengthens its position.

Ground Penetrating Radar Market Leaders

  1. IDS Georadar

  2. Sensors & Software Inc.

  3. Guideline Geo

  4. Chemring Group

  5. Geophysical Survey Systems, Inc. (GSSI)

*Disclaimer: Major Players sorted in no particular order

Sensors & Software Inc., IDS GeoRadarhave, Guideline Geo, Leica Geosystems AG, Penetradar Corp., Utsi Electronics Ltd
Need More Details on Market Players and Competitors?
Download PDF

Ground Penetrating Radar Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Technology Snapshot

    3. 4.3 Market Drivers

      1. 4.3.1 Rapid growth of underground transportation infrastructure

      2. 4.3.2 Demand for improved, advanced and efficient scanner for detection of aging infrastructure

    4. 4.4 Market Restraints

      1. 4.4.1 High cost of GPR equipment

    5. 4.5 Industry Value Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

    7. 4.7 Assessment of Impact of Covid-19 on the Industry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Offering

      1. 5.1.1 Equipment

      2. 5.1.2 Services

    2. 5.2 Product type

      1. 5.2.1 Handheld GPR

      2. 5.2.2 Cart-Based GPR

      3. 5.2.3 Vehicle-Mounted GPR

    3. 5.3 Application

      1. 5.3.1 Utility Detection

      2. 5.3.2 Concrete Investigation

      3. 5.3.3 Forensics & Archaeology

      4. 5.3.4 Transportation Infrastructure

      5. 5.3.5 Geotechnical & Environment

      6. 5.3.6 Other Applications

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 IDS Georadar

      2. 6.1.2 Sensors & Software Inc.

      3. 6.1.3 Guideline Geo

      4. 6.1.4 Chemring Group

      5. 6.1.5 Geophysical Survey Systems, Inc. (GSSI)

      6. 6.1.6 Ground Penetrating Radar Systems, LLC

      7. 6.1.7 Geoscanners

      8. 6.1.8 Pipehawk PLC

      9. 6.1.9 Utsi Electronics Ltd.

      10. 6.1.10 Hilti

    2. *List Not Exhaustive

  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Ground Penetrating Radar Industry Segmentation

The scope of the study of the ground penetrating radar systems market is limited to the solutions offered by major players, including providers of equipment, services, and integrated solutions for a wide range of industries globally. The after-sales services are not considered for market estimation.

Offering
Equipment
Services
Product type
Handheld GPR
Cart-Based GPR
Vehicle-Mounted GPR
Application
Utility Detection
Concrete Investigation
Forensics & Archaeology
Transportation Infrastructure
Geotechnical & Environment
Other Applications
Geography
North America
Europe
Asia-Pacific
Rest of the World
Need A Different Region Or Segment?
Customize Now

Ground Penetrating Radar Market Research FAQs

The Ground Penetrating Radar Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)

IDS Georadar, Sensors & Software Inc., Guideline Geo, Chemring Group and Geophysical Survey Systems, Inc. (GSSI) are the major companies operating in the Ground Penetrating Radar Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Ground Penetrating Radar Market.

The report covers the Ground Penetrating Radar Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ground Penetrating Radar Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Ground Penetrating Radar Industry Report

Statistics for the 2024 Ground Penetrating Radar market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Ground Penetrating Radar analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Ground Penetrating Radar Market Report Snapshots

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Ground Penetrating Radar Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)