Market Size of Ground Penetrating Radar Industry
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*Disclaimer: Major Players sorted in no particular order |
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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 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 |
Ground Penetrating Radar Market Size Summary
The ground penetrating radar (GPR) market is poised for significant growth, driven by its non-destructive capabilities and wide-ranging applications across various industries such as mining, construction, and oil and gas. This technology is essential for detecting underground assets, assessing structural integrity, and exploring subsurface conditions. The increasing demand for non-renewable resources has spurred the adoption of sophisticated GPR tools, which are crucial for identifying new oil reserves and preventing pipeline leaks. Despite its advantages, the high cost of GPR equipment and maintenance poses challenges to market penetration in some sectors. However, strategic alliances and technological advancements, such as the integration of GPR with drone technology by the US military, are expected to enhance market dynamics.
North America is anticipated to maintain a significant share of the GPR market, supported by developments in military, utility detection, and transport infrastructure. The region's market is characterized by high concentration, with major players like Sensors & Software Inc., IDS GeoRadar, and Guideline Geo leading the industry. These companies are focusing on innovative product developments to meet the growing demand for advanced GPR solutions. Recent collaborations and technological advancements, such as the launch of the MAL√Ö AI for real-time GPR data interpretation, highlight the industry's commitment to enhancing safety and efficiency in subsurface exploration. The market's consolidation and the continuous evolution of GPR technology underscore its critical role in various industrial applications.
Ground Penetrating Radar Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Technology Snapshot
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1.3 Market Drivers
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1.3.1 Rapid growth of underground transportation infrastructure
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1.3.2 Demand for improved, advanced and efficient scanner for detection of aging infrastructure
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1.4 Market Restraints
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1.4.1 High cost of GPR equipment
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1.5 Industry Value Chain Analysis
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1.6 Industry Attractiveness - Porter's Five Force Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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1.7 Assessment of Impact of Covid-19 on the Industry
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2. MARKET SEGMENTATION
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2.1 Offering
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2.1.1 Equipment
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2.1.2 Services
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2.2 Product type
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2.2.1 Handheld GPR
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2.2.2 Cart-Based GPR
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2.2.3 Vehicle-Mounted GPR
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2.3 Application
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2.3.1 Utility Detection
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2.3.2 Concrete Investigation
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2.3.3 Forensics & Archaeology
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2.3.4 Transportation Infrastructure
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2.3.5 Geotechnical & Environment
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2.3.6 Other Applications
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2.4 Geography
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia-Pacific
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2.4.4 Rest of the World
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Ground Penetrating Radar Market Size FAQs
What is the current Ground Penetrating Radar Market size?
The Ground Penetrating Radar Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in Ground Penetrating Radar Market?
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.