The ground penetrating radar market size is predicted to grow to USD 453
million by 2027 from USD 315 million in 2022, at a CAGR of 7.5%.
Hexagon
AB (Sweden), SPX Corporation (US), Geophysical Survey Systems, Inc.
(US), Guideline Geo (Sweden), and Chemring Group PLC (UK) are among a
few key players in the ground penetrating radar market.
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The
market in Asia Pacific is projected to grow at the highest CAGR during
forecast period due to the rapid structural development in countries
such as China and Japan. China’s government is planning to invest
heavily in different infrastructural development projects, such as
transportation and railway infrastructure development projects. Thus,
the local governments of the country are working to raise funds for
infrastructure projects by issuing special-purpose bonds (SPBs). The
country is prone to frequent natural disasters such as earthquakes and
landslides, which increases the need to monitor and inspect the
structures in real time.
As the demand for GPR increases, the
demand for GPR software is also rising. The data collected and analyzed
by GPR equipment and software helps deliver valuable insights to users
in 2D as well as 3D formats. However, 3D GPR data provides even greater
context and clarity. The features of 3D data include generating
multi-scan slice overlays, rotating and zooming the data slices for
analysis, providing adjustable transparency, generating depth slices,
and more. Hence, all these features will help drive the growth
opportunity for GPR Software in the future.
The market for
transportation infrastructure is expected to grow at the highest CAGR
during the forecast period. Transportation infrastructure includes areas
such as highways, rail, bridges, airports, ports and canals, and
tunnels. Demand for condition assessment of transportation
infrastructure is a growing field with GPR. Bridge decks, parking decks,
and other structures can be scanned to nondestructively evaluate the
amount of deterioration. GPR equipment are mainly used for pavement
scanning, pavement forensics, buried target location, and sinkholes and
void detections. Furthermore, they are used for bridge deck
deterioration and bridge forensics.
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