The ground
penetrating radar market is expected to grow from USD 493 million by
2019 to USD 726 million by 2024 at a CAGR of 8.1% from 2019 to 2024. A few of
the key factors driving the growth of this market are the safety- and
protection-related concerns for underground utilities, advantages of GPR over
other traditional technologies, and support offered by governments for
implementation of GPRs.
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GPR can be used to locate metallic and
nonmetallic pipes, power lines, conduit, water lines, re-bar and post-tension
cables inside concrete structures. The primary benefit of GPR over other
traditional technologies is that GPR provides better imaging for utility lines,
regardless of their composition.
The GPR market for vehicle-mounted GPR
systems is expected to grow at the highest CAGR during the forecast period.
Vehicle-mounted GPR systems consist of GPR equipment fit on vehicles such as
trucks, cars, UAVs, tanks, and armored vehicles. They are most commonly used
for transportation infrastructure, and law enforcement and military
applications, which are expected to witness high growth rates during the
forecast period.
The GPR market for services is expected to
grow at a higher CAGR during the forecast period. Factors such as the rise in
the practice of procuring GPR systems on a rental basis owing to their high
cost of ownership, continuous innovation in GPR, and imposed regulations and
standards by the government for using a suitable detecting device before
commencing digging, demolishing, or constructing any infrastructure contribute
to the growth of the market for services.
The GPR market for transportation
infrastructure is expected to grow at the highest CAGR during the forecast
period. This is attributed to the worldwide increase in a number of
construction projects for bridges, roadways, railways, seaways, and dams.
The GPR market in APAC is expected to grow at the highest CAGR during the forecast
period. This growth can be attributed to the rapid infrastructure building
activities being undertaken in APAC, mainly in China, India, and Japan, where
structural health monitoring paves the way for the modernization of
infrastructure.
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The major opportunities for the growth of
the market include high
demand for real-time GPR services,
and aging infrastructure and increasing maintenance
requirements. The increasing need for real-time analysis
of underground utilities, concrete structures, roads, and railway lines, among
others, is one of the emerging concepts and new trends in the structural health
monitoring market. Utility locating equipment and service providers have
started using GPR devices, fleet telemetry systems, GPS devices, GIS data
devices, and other similar sensors to collect location-based data of
underground utilities. The aging infrastructure and increasing need for its
maintenance in regions such as North America and Western Europe act as a major
opportunity for the growth of the GPR market.
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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