Ground Penetrating Radar Market to record USD 171.52 Million incremental growth; Industrial machinery market identified as parent market

NEW YORK, Nov. 22, 2022 /PRNewswire/ — The “Ground Penetrating Radar Market by Application and Geography – Forecast and Analysis 2022-2026 report has been added to Technavio’s offering. The report expects the market size to grow by USD 171.52 million, accelerating at a CAGR of 6.63% during the forecast period. Technavio categorizes the global ground penetrating radar (GPR) market as a part of the global industrial machinery market. The parent global industrial machinery market covers companies engaged in the manufacturing of industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, escalators, insulators, pumps, roller bearings, and other metal fabrications. Technavio calculates the global industrial machinery market size based on combined revenue generated by manufacturers of machinery and components used in the industrial environment. Get more insights into the parent market. Download a Free PDF Report Sample

Ground Penetrating Radar Market 2022-2026: Scope

To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 vendors operating in the market. Market trends such as increased demand in the oil and gas industry is likely to emerge as one of the primary drivers of the market. However, factors such as the high initial cost of GPR products may threaten the growth of the market.

The report also covers the following areas:

Ground Penetrating Radar Market 2022-2026: Vendor Landscape

The global GPR market consists of global and regional market players such as Chemring Group, Geophysical Survey Systems, Inc., Ground Penetrating Radar Systems, LLC, and others, competing for market dominance through new innovative products. The vendors in the market are concentrating their efforts on extending their client base across all end-user industries. Strategic mergers and acquisitions to incorporate new technological capabilities are prominent in the market. The vendors operating in the market are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The presence of well-established global players in the global GPR market increases the threat of rivalry among the existing players. Moreover, the low threat of new entrants further increased the intensity of competition in 2021. Hence, the threat of rivalry was high in 2021 and is expected to remain the same during the forecast period. Get a comprehensive analysis of the vendor landscape and make informed decisions. Buy Report!

Ground Penetrating Radar Market 2022-2026: Segmentation

  • Application 
    • Transport and Road Inspection
    • Mining
    • Natural Hazard Monitoring
    • Others

By application, the transport and road inspection segment holds a major share of the global GPR market. This can be 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. GPR is one of the most preferred non-destructive technologies. GPR surveys in pavements (rigid or flexible) are widely used as a supplement to other methods for evaluating road and airport pavements. GPR pictures can be used in conjunction with falling weight deflectometer (FWD) testing to provide vital information about layer continuity and thickness. GPR inspection also enables the examination of the pavement layer’s state and the detection of faults, which is critical for the preservation and service life of the structure.

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

38% of the market growth will come from North America during the forecast period. North America dominated the global GPR market in 2021. In North America, there has been a growth in demand for GPRs in recent years. The expansion of the construction industry, particularly the surge in real estate projects and the development of infrastructures such as roads and bridges, has fueled this demand. The GPR market in the region is further boosted by the demand for GPR in military applications. It is one of the technologies that the military can employ to identify mines laid on roads, which generally kill and severely injure innocent soldiers and civilians. The mining sector has already begun to adopt the technology, as it is quickly becoming an essential tool for planning mine excursions and explosions. GPR drone-integrated systems are also becoming more popular. These technologies are designed to provide a more efficient view of or inspection of subsurface infrastructure. All these factors will be a primary driving force for market expansion in North America during the forecast period. Discover potential segments and regions to invest in over the forecast period. Download a Free Sample Report

Ground Penetrating Radar Market 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist ground penetrating radar market growth during the next five years
  • Estimation of the ground penetrating radar market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the ground penetrating radar market
  • 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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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

USD 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

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 future consumer dynamics, and market condition analysis for the forecast period.

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.

Table of contents:

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
  • 3.4 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

  • 8.3 Impact of drivers and challenges 
    • Exhibit 91: Impact of drivers and challenges in 2021 and 2026

9 Vendor Landscape

  • 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

  • 11.2 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

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