Ground Penetrating Radar Market by Application and Geography - Forecast and Analysis 2022-2026

Published: May 2022 Pages: 123 SKU: IRTNTR73472

The ground penetrating radar market share is expected to increase to USD 171.52 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.63%.

This ground penetrating radar market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ground penetrating radar market segmentation by application and geography.

On the basis of application, the ground-penetrating radar market covers the following segments:

  • Transport and road inspection
  • Mining
  • Natural hazard monitoring
  • Others

On the basis of geography, the regions covered in the ground-penetrating radar market include:

  • North America
  • Europe
  • APAC
  • Middle East and Africa 
  • South America

The ground penetrating radar market report also offers information on several market vendors, including Chemring Group Plc, Geophysical Survey Systems Inc., Geoscanners AB, Ground Penetrating Radar Systems LLC, Guideline Geo, Hilti Corp., IDS GeoRadar Srl, Japan Radio Co. Ltd., Leica Geosystems AG, OOO NPC GEOTECH, Penetradar Corp., Pipehawk Plc, Radiodetection Ltd., Sensors and Software Inc., US Radar Inc., and Utsi Electronics Ltd. among others.

What will the Ground Penetrating Radar Market Size be During the Forecast Period?

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Ground Penetrating Radar Market: Key Drivers, Trends, and Challenges

The rise in concerns related to safety and protection of underground utilities is notably driving the ground penetrating radar market growth, although factors such as high initial cost of GPR products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ground penetrating radar industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Ground Penetrating Radar Market Driver

  • One of the key factors driving the global penetrating radar market growth is the rise in concerns related to the safety and protection of underground utilities.
  • The underground cables and pipelines are critical components of today's infrastructure, and it is critical that these buried assets, such as gas pipelines are safeguarded from future excavations.
  • Any negligence can lead to catastrophic calamities such as electrical arcs.
  • The need for GPR systems is steadily expanding on a global scale to secure assets and avoid any calamity, which will drive the market growth during the forecast period.

Key Ground Penetrating Radar Market Trend

  • Increased demand in the oil and gas industry is one of the key GPR market trends that is expected to impact the industry positively in the forecast period.
  • These gadgets serve to reduce the danger of damage and offer correct drilling information. 
  • The key market players are developing complete monitoring solutions to optimize and boost the performance of GPR equipment in this area. For instance;
    • In March 2020, Worldsensing and IDS GeoRadar released a comprehensive mining monitoring package that includes surface, subsurface, and geospatial monitoring.
  • The technical advancements in radar systems to provide high-quality imaging and improved accuracy are expected to further support the market growth in the forecast years.

Key Ground Penetrating Radar Market Challenge

  • One of the key challenges to the global penetrating radar (GPR) market growth is the initial cost of GPR products.
  • A modest, single-frequency GPR system typically costs around USD 14,000 USD.
  • A cart, a tablet controller, a battery, and basic acquisition software are included in the most economical systems.
  • Advanced systems with features such as multi-frequency antennas will cost more than a simple GPR system.
  • Customers can also choose to add GPS integration, powerful post-processing software, and other features to their systems.
  • GPR is a versatile technology that can be used in a wide range of applications such as mining, transport and road inspection, and natural hazard monitoring.
  • Users frequently choose to include software upgrades and extra accessories either immediately or later at an additional cost. This may hinder the market expansion during the forecast period.

This ground penetrating radar market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global ground penetrating radar (GPR) market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ground-penetrating radar market during the forecast period.

Who are the Major Ground Penetrating Radar Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Chemring Group Plc
  • Geophysical Survey Systems Inc.
  • Geoscanners AB
  • Ground Penetrating Radar Systems LLC
  • Guideline Geo
  • Hilti Corp.
  • IDS GeoRadar Srl
  • Japan Radio Co. Ltd.
  • Leica Geosystems AG
  • OOO NPC GEOTECH
  • Penetradar Corp.
  • Pipehawk Plc
  • Radiodetection Ltd.
  • Sensors and Software Inc.
  • US Radar Inc.
  • Utsi Electronics Ltd.

 

This statistical study of the ground penetrating radar market encompasses successful business strategies deployed by the key vendors. The ground penetrating radar market is fragmented and the vendors are deploying growth strategies such as product innovations to compete in the market.

Product Insights and News

  • Chemring Group Plc - The company offers Ground Penetrating Radar (GPR) sensor technology specifically for detecting metallic and non-metallic mines such as Miniature Radar Altimeter (MRA) Type 1, R-VISOR GPR, and Groundshark under IED detection.
  • Chemring Group Plc - Through the sensors and information segment, the company offers products, services, and capabilities in the areas of tactical electronic warfare and cybersecurity in the areas of explosive hazard detection and chemical and biological threat detection.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The ground penetrating radar market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Ground Penetrating Radar Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the ground penetrating radar market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Ground Penetrating Radar Market?

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38% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for ground penetrating radar in North America. Market growth in this region will be faster than the growth of the market in other regions.

The expansion of the construction industry, particularly the surge in real estate projects and the development of infrastructures such as roads and bridges will facilitate the ground penetrating radar market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 became a worldwide disaster. The production process of GPRs came to a halt due to lockdown restrictions, which disrupted the complete supply chain of GPR systems. In 2021, large-scale vaccination drives carried out by the governments of the countries in North America led to a decline in COVID-19 cases, which resulted in the resumption of operations in the end-user industries such as oil and gas and mining in North America. This increased the demand for GPR equipment. Hence, the regional GPR market is expected to witness growth during the forecast period.

What are the Revenue-generating Application Segments in the Ground Penetrating Radar Market?

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The ground penetrating radar market share growth by the transport and road inspection segment will be significant during the forecast period. The growth s attributed to the extensive use of GPRs for monitoring roadway and bridge structural conditions effectively and efficiently and for early and accurate detection, localization, and assessment of damages or defects in pavements and bridge decks. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the ground penetrating radar market size and actionable market insights on post COVID-19 impact on each segment.

 

Ground Penetrating Radar Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.63%

Market growth 2022-2026

$ 171.52 million

Market structure

Fragmented

YoY growth (%)

6.25

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 38%

Key consumer countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Chemring Group Plc, Geophysical Survey Systems Inc., Geoscanners AB, Ground Penetrating Radar Systems LLC, Guideline Geo, Hilti Corp., IDS GeoRadar Srl, Japan Radio Co. Ltd., Leica Geosystems AG, OOO NPC GEOTECH, Penetradar Corp., Pipehawk Plc, Radiodetection Ltd., Sensors and Software Inc., US Radar Inc., and Utsi Electronics Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Ground Penetrating Radar Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive ground penetrating radar market growth during the next five years
  • Precise estimation of the ground penetrating radar market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the ground penetrating radar industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of ground penetrating radar market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
  • 5.2 Comparison by Application
    • Exhibit 26: Chart on Comparison by Application
    • Exhibit 27: Data Table on Comparison by Application
  • 5.3 Transport and road inspection - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Transport and road inspection - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Transport and road inspection - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Transport and road inspection - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Transport and road inspection - Year-over-year growth 2021-2026 (%)
  • 5.4 Mining - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Mining - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Mining - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Mining - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Mining - Year-over-year growth 2021-2026 (%)
  • 5.5 Natural hazard monitoring - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Natural hazard monitoring - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Natural hazard monitoring - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Natural hazard monitoring - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Natural hazard monitoring - Year-over-year growth 2021-2026 (%)
  • 5.6 Others - Market size and forecast 2021-2026
    • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.7 Market opportunity by Application
    • Exhibit 44: Market opportunity by Application ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 48: Chart on Geographic comparison
    • Exhibit 49: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Canada - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.11 UK - Market size and forecast 2021-2026
    • Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.12 Germany - Market size and forecast 2021-2026
    • Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 93: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 94: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 95: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 96: Matrix on vendor position and classification
  • 10.3 Chemring Group Plc
    • Exhibit 97: Chemring Group Plc - Overview
    • Exhibit 98: Chemring Group Plc - Business segments
    • Exhibit 99: Chemring Group Plc - Key news
    • Exhibit 100: Chemring Group Plc - Key offerings
    • Exhibit 101: Chemring Group Plc - Segment focus
  • 10.4 Geophysical Survey Systems Inc.
    • Exhibit 102: Geophysical Survey Systems Inc. - Overview
    • Exhibit 103: Geophysical Survey Systems Inc. - Product / Service
    • Exhibit 104: Geophysical Survey Systems Inc. - Key offerings
  • 10.5 Ground Penetrating Radar Systems LLC
    • Exhibit 105: Ground Penetrating Radar Systems LLC - Overview
    • Exhibit 106: Ground Penetrating Radar Systems LLC - Product / Service
    • Exhibit 107: Ground Penetrating Radar Systems LLC - Key offerings
  • 10.6 Guideline Geo
    • Exhibit 108: Guideline Geo - Overview
    • Exhibit 109: Guideline Geo - Business segments
    • Exhibit 110: Guideline Geo - Key news
    • Exhibit 111: Guideline Geo - Key offerings
    • Exhibit 112: Guideline Geo - Segment focus
  • 10.7 IDS GeoRadar Srl
    • Exhibit 113: IDS GeoRadar Srl - Overview
    • Exhibit 114: IDS GeoRadar Srl - Product / Service
    • Exhibit 115: IDS GeoRadar Srl - Key offerings
  • 10.8 Japan Radio Co. Ltd.
    • Exhibit 116: Japan Radio Co. Ltd. - Overview
    • Exhibit 117: Japan Radio Co. Ltd. - Product / Service
    • Exhibit 118: Japan Radio Co. Ltd. - Key offerings
  • 10.9 OOO NPC GEOTECH
    • Exhibit 119: OOO NPC GEOTECH - Overview
    • Exhibit 120: OOO NPC GEOTECH - Product / Service
    • Exhibit 121: OOO NPC GEOTECH - Key offerings
  • 10.10 Radiodetection Ltd.
    • Exhibit 122: Radiodetection Ltd. - Overview
    • Exhibit 123: Radiodetection Ltd. - Product / Service
    • Exhibit 124: Radiodetection Ltd. - Key news
    • Exhibit 125: Radiodetection Ltd. - Key offerings
  • 10.11 US Radar Inc.
    • Exhibit 126: US Radar Inc. - Overview
    • Exhibit 127: US Radar Inc. - Product / Service
    • Exhibit 128: US Radar Inc. - Key offerings
  • 10.12 Utsi Electronics Ltd.
    • Exhibit 129: Utsi Electronics Ltd. - Overview
    • Exhibit 130: Utsi Electronics Ltd. - Product / Service
    • Exhibit 131: Utsi Electronics Ltd. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 132: Inclusions checklist
    • Exhibit 133: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 134: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 135: Research methodology
    • Exhibit 136: Validation techniques employed for market sizing
    • Exhibit 137: Information sources
  • 11.5 List of abbreviations
    • Exhibit 138: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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