Ground Penetrating Radar to Gain Market Share USD 453 million by 2027
Posted by Tom C on January 13th, 2023
Global Ground Penetrating Radar (GPR) Market size is projected to grow from USD 315 million in 2022 to USD 453 million by 2027 at CAGR of 7.5% during the forecast period.
The growing government involvement and mandates for implementing GPR in applications such as utility detection and transportation infrastructure development will help grow this market. Government mandates to facilitate communication between the owners and operators of underground facilities and the excavation teams, is driving the demand for GPR systems worldwide. For instance, it is mandatory to call 811 before digging anywhere in Washington; failure to abide by this mandate is against the state law, which may lead to a fine, charges, or even criminal convictions.
Ask for PDF Brochure:
The Major Player includes Hexagon AB (Sweden), SPX Corporation (US), Geophysical Survey Systems, Inc. (US), Guideline Geo (Sweden), and Chemring Group PLC (UK).
The market for vehicle-mounted GPR systems is expected to grow at a significant CAGR during the forecast period
The market for vehicle-mounted GPR systems is expected to grow at a significant CAGR during the forecast period. Vehicle-mounted GPR systems consist of GPR equipment fitted on vehicles such as trucks, cars, UAVs, tanks, and armored vehicles. This type is most commonly used for transportation infrastructure and law enforcement & military applications and consists of custom designs based on the type of application they are used for.
North America accounted for the largest share of the GPR market in 2021
North America accounted for the largest share of the GPR market in 2021. The aging civil structures and deteriorating buildings because of harsh environmental conditions, resulting in increased maintenance, repair, and overhaul costs, would drive the demand for the market in the region. The US is optimistic about the implementation of GPR equipment in infrastructure projects. New governments are directing their expenditures toward meeting critical infrastructure requirements by implementing new advanced monitoring techniques. In the US, according to the Government Accountability Office (GAO) report of 2021, school districts have mentioned a need for upgrades or total replacement of multiple building systems. They also mentioned that the buildings required excavation and underground utility scanning.
Like it? Share it!
About the AuthorTom C
Joined: July 2nd, 2020
Articles Posted: 347
More by this author