Published Date: 31-May-2022
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Ground Penetrating Radar Market size is expected to reach $936.8 million by 2028, rising at a market growth of 8.1% CAGR during the forecast period.
The Antenna segment acquired maximum revenue share in the Global Ground Penetrating Radar Market by Component 2021, thereby, achieving a market value of $325.6 Million by 2028. A sequence of traces is acquired at precise points along the survey line as antennae move along it. The scans are then stacked on top of each other to create a profile of the area. A waveform generator, a single transducer with an outgoing and receiving antenna, a data storage/display, and a signal processor device are the basic components of the GPR. For structural applications, many methods have been utilized, including synthetic pulse radar, frequency modulation, and pulse systems.
The Services segment is showcasing a CAGR of 10% during (2022 - 2028). The increased price of GPR equipment may be contributing to the growing demands for GPR services, especially on a rental basis. Additionally, the availability of new GPR equipment with enhanced features is increased demand for detection, such as utility detection. Utility detection is required in any construction, digging, or demolition process to guarantee that no needless harm has occurred.
The Handheld Systems segment is leading the Global Ground Penetrating Radar Market by Type 2021, thereby, achieving a market value of $460.5 Million by 2028. The all-in-one handheld GPR device may be used to locate rebar, conduits, post-tension cables, and voids, as well as assess concrete slab thickness in real time. These are lightweight and user-friendly, with no cords, boxes, or heavy equipment, enabling people to navigate between job sites with ease. Advanced software solutions aid in target detection, visualizing targets as a little dot when rebar or conduit features are found.
The Archaeology market has shown growth rate of 9.2% during (2022 - 2028). The scientific research on human activity via the recovery and examination of material culture is known as archaeology. Artifacts, architecture, sites, bio-facts or eco-facts, and cultural landscapes make up the archaeological record. Archaeology is both a social science and a component of the humanities.
The North America market dominated the Global Ground Penetrating Radar Market by Region 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $334.9 Million by 2028, growing at a CAGR of 7.8 % during the forecast period. The Europe market is estimated to witness a CAGR of 7.9% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 8.6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IDS GeoRadar s.r.l.(Hexagon AB), Radiodetection Ltd. (SPX Corporation), Chemring Group PLC, Hilti AG, PipeHawk plc (Utsi Electronics Ltd), Guideline Geo AB, Geophysical Survey Systems, Inc., Penetradar Corporation, and Geoscanners AB.
Unique Offerings from KBV Research