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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:
On the basis of geography, the regions covered in the ground-penetrating radar market include:
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.
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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
Key Ground Penetrating Radar Market Trend
Key Ground Penetrating Radar Market Challenge
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.
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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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.
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.
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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.
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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.
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Ground Penetrating Radar Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.63% |
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Market growth 2022-2026 |
$ 171.52 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.25 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 38% |
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Key consumer countries |
US, Canada, China, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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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. |
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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 |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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