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Ground Penetrating Radar Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Ground Penetrating Radar Market SizeAccording to a new report published by , titled, "Ground Penetrating Radar Market," The ground penetrating radar market size was valued at $0.5 billion in 2020, and is estimated to reach $1.1 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030.
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Asia-Pacific and North America collectively accounted for more than 55% of the ground penetrating radar market share in 2020.
India is anticipated to witness highest growth rate during the forecast period.
U.S. was the major shareholder in the North America GPR market, accounting for approximately 78% share in 2020.
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Depending on application, the transportation infrastructure segment generated the highest revenue in 2020. However, the utility detection segment is expected to witness the highest growth rate in the future.
Region wise, the GPR market was dominated by North America. However, Asia-Pacific is expected to witness significant growth in the coming years.
The key players profiled in the report include Chemring Group, Geophysical Survey Systems Inc., Guideline Geo, Hilti, IDS Georadar, Leica Geosystems AG, Penetradar Corp., Radiodetection, Geoscanners, and Utsi Electronics Ltd. These players have adopted various strategies such as partnership, acquisition, and product launch to strengthen their foothold in the industry.
Ground Penetrating Radar Market By Type (Handheld Systems, Cart Based Systems, Vehicle Mounted Systems), By Component (Control Unit, Antenna, Power Supply, Others), By Offering (Equipment, Services), By Application (Utility Detection, Concrete Investigation, Transportation Infrastructure, Archaeology, Others).
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