Ground Penetrating Radar Market : Key Challenges & Opportunities

The report "Ground Penetrating Radar Market by Product Type (Handheld, Cart-Based, and Vehicle-Mounted), Application (Utility Detection, Concrete Investigation, Transportation Infrastructure, and Archaeology), Offering, and Geography - Global Forecast to 2024", 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.

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Utility detection to hold largest size of GPR market during forecast period

The utility detection application is expected to hold the largest size of GPR market during the forecast period. GPR systems are extensively used for locating buried pipes, cables, and sewers. These systems have a unique ability to detect nonmetallic and metallic structures, which helps locate pipes and cables. This market growth is also attributed to the growing concern for the safety and protection of underground utilities.

Market for vehicle-mounted GPR systems to grow at highest CAGR during forecast period

The GPR market for vehicle-mounted GPR systems is expected to grow at the highest CAGR during the forecast period. Vehicle-mounted GPR 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.

GPR market in APAC to grow at highest CAGR during forecast period

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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IDS Georadar (Italy), Sensors & Software Inc. (Canada), Guideline Geo (Sweden), Chemring Group (UK), Geophysical Survey Systems, Inc. (US), Leica Geosystems AG (Switzerland), Radiodetection (UK), Penetradar Corp. (UK), Utsi Electronics Ltd. (UK), Hilti ( Liechtenstein), Pipehawk PLC (UK), and Geoscanners (UK) are among a few major players in the GPR market.

Which applications are expected to drive the growth of ground penetrating radar (GPR) market in the next 5 years?

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.

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.

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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 armoured 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.

Ground Penetrating Radar Market Is Expected To Grow At Highest CAGR during 2019-2024

The ground penetrating radar market (GPR) is expected to reach USD 726 million by 2024 from USD 493 million by 2019 at a CAGR of 8.1% from 2019 to 2024.

The major key factors driving the growth of this market are concerns related to safety and protection of underground utilities, advantages of GPR systems over other traditional technologies, and government support for deployment of GPRs, among others.

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Services to witness higher CAGR in ground penetrating radar market during forecast period

The ground penetrating radar market for services is expected to grow at a higher CAGR during the forecast period. This growth is due to 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.

Cart-based GPR systems to account for largest size of ground penetrating radar market during forecast period

Cart-Based GPR systems are expected to account for the largest share of GPR market for the forecast period. These systems enable the addition of more antennas and display units. They can collect data in any environment for any application. The cart-based GPR equipment provide reliable and high resolution data about depths of subsurfaces.

 

Americas to account for largest size of ground penetrating radar market during forecast period

The Americas is expected to hold the largest size of the ground penetrating radar market during the forecast period. The aging civil structures and deteriorating buildings because of harsh environmental conditions, resulting in increased maintenance, repair, and overhaul cost, would drive the demand for the market in the region.

 

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Key Market Players

IDS Georadar (Italy), Sensors & Software Inc. (Canada), Guideline Geo (Sweden), Chemring Group (UK), Geophysical Survey Systems, Inc. (US), Leica Geosystems AG (Switzerland), Radiodetection (UK), Penetradar Corp. (UK), Utsi Electronics Ltd. (UK), Hilti ( Liechtenstein), Pipehawk PLC (UK), and Geoscanners (UK) are among a few major players in the ground penetrating radar market.

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Ground Penetrating Radar Market for Services, Transportation Infrastructure & Vehicle-Mounted GPR Systems Is Expected To Grow At the Highest CAGR during 2019-2024

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.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=74332617

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.

Request Free Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=74332617

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.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com