Global Ground Penetrating RADAR Market is Set to Garner Staggering Revenues by 2028


Posted August 23, 2022 by Infinium19

The Global Ground Penetrating RADAR Market was valued at around USD 360 Million in 2022 and is expected to reach nearly USD 565 Million in 2028, with a CAGR of 8.0% during the forecast period.
 
Infinium Global Research’s recent report on the “Global Ground Penetrating RADAR Market ((By Type (Hand Held, and Cart Based), By Application (Transport & Road Inspection, and Municipal & Environmental Protection) Global Industry Analysis, Trends, Market Size & Forecasts to 2028” provides a comprehensive outline of the factors responsible for the growth of the market. The Global Ground Penetrating RADAR Market was valued at around USD 360 Million in 2022 and is expected to reach nearly USD 565 Million in 2028, with a CAGR of 8.0% during the forecast period.

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Growing Demand for GPRs in Military Applications Creates New Growth Opportunities

Ground Penetrating RADAR is a geophysical method that uses radar pulses to image the subsurface. Ground Penetrating RADAR detects several buried utilities such as electrical, gas, water, and telecommunications. The examination and investigation of old infrastructure depend on trustworthy qualitative data to make correct decisions pertaining to the condition of the infrastructure. The rising need for maintenance of the old infrastructure in various regions such as North America, Asia Pacific, and Western Europe act as a growth opportunity for the GPR market during the forecast period. Furthermore increasing penetration of the Hand Held Ground Penetrating RADAR to inspect the quality of the concrete infrastructure will drive the growth in developing countries.

The outbreak of covid-19 had negative effects on the Ground Penetrating RADAR Market during the forecast period. A decrease in the inspection of the infrastructure and spending on technology due to uneven conditions caused by the covid-19 pandemic has restrained the growth of the market during the forecast period. The increased spread of the covid-19 pandemic forced to impose the lockdown restriction in various countries which affected the advanced development of the technology. It also affected the availability of the workforce which decreased the examination service and restrained the growth of the market during the forecast period.

The Handheld GPR Segment is Expected to Dominate the Market

The Global Ground Penetrating RADAR Market is bifurcated By Type and Application. By Type, the segment is further bifurcated into Hand-Held, and Cart Based. The hand-held GPR segment is anticipated to dominate the market growth during the forecast period. Handheld GPR systems are made for the inspection of the concrete structure. They’ll locate rebars, conduits, post-tension cables, and voids; they'll even be wont to determine concrete slab thickness in real-time. Their compact design makes concrete inspection easy in tight spaces or above the top survey locations, and its ruggedized plastic casing and wheels ensure long-lasting performance. They feature an all-in-one concrete inspection tool, with the positioning system, antenna, and control unit. The whole series is lightweight and user-friendly and has no cables, boxes, and heavy equipment, allowing users to maneuver seamlessly between job sites. The tool aids in target detection with advanced software solutions, which visualize targets as a tiny low dot when characteristics of conduit or rebar are identified. Some major companies providing handheld GPR systems include Hexagon AB, SPX Corporation, Geophysical Survey Systems, Inc., Chemring Group PLC, and Hilti.

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The Asia Pacific Region is to be Expected the Fastest-Growing Region in Global Ground Penetrating RADAR Market

The worldwide Ground Penetrating RADAR Market is segmented into the Asia Pacific, North America, Europe, the Middle East & Africa, and South America. Furthermore, the Asia Pacific region is anticipated to grow at the fastest rate in the Ground Penetrating RADAR Market during the forecast period. Increasing investment in advanced development of infrastructure projects, such as railway and transportation infrastructure development is the major factor driving the growth of the market in the region. Various countries in the Asia Pacific region suffer from frequent natural disasters such as landslides and earthquakes increasing the need for monitoring the structure. For example, GPR was installed to monitor the Xiaolongtan slope in Yunnan China, while FBG-instrumented strain tubes were also installed in the Erlangmiao landslide in China, to monitor subsurface displacements.

Key Players Focus to Increase the Production Capacity by Collaborating with Other Companies

The Global Ground Penetrating RADAR Market is intensely competitive with several multinational and local players. The major players are GSSI Geophysical Survey Systems, Inc., IDS GeoRadar, National GPR Service, Inc., Chemring Group, Sensors and Software Inc., Geoscanners AB, Exploration Instruments, LLC, Hexagon AB, SPX Corporation, Utsi Electronics Ltd., and several others are constantly focusing on developing products to gain a competitive edge in the market. For instance, in May 2022, IDS GeoRadar s.r.l., a part of Hexagon AB, announced the newest solution for utility professionals, AiMaps, which offers intelligent cloud processing of GPR data to deliver the correct information to inform about the underground utilities.

In January 2022, Sensors & Software Inc. announced the release of SPIDER SDK, a software development kit. It is designed for those who want to use Ground Penetrating RADAR on their own platforms and control a GPR with their own data acquisition and data processing software. In SEP 2021, Guideline Geo launched a product MALA Easy Locator Core for utility locating. Infinium Global Research’s recent report on the Global Ground Penetrating RADAR Market is an encompassment of such recent developments in the marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the Global Ground Penetrating RADAR Market and also estimates the impact of recent developments in the market.

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=> Comprehensive analysis of global as well as regional markets of the Ground Penetrating RADAR Market.

=> Complete coverage of all the product types and applications segments to analyze the trends, developments, and forecast of market size up to 2028.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand and/or diversify.
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Last Updated August 23, 2022