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 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.
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.
Browse 63 market data Tables and 34 Figures spread through 130 Pages and in-depth TOC on “Ground Penetrating Radar Market – Global Forecast to 2024”
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