𝐖𝐇𝐀𝐓 𝐈𝐒 𝐆𝐑𝐎𝐔𝐍𝐃 𝐏𝐄𝐍𝐄𝐓𝐑𝐀𝐓𝐈𝐍𝐆 𝐑𝐀𝐃𝐀𝐑 (𝐆𝐏𝐑) & 𝐇𝐎𝐖 𝐃𝐎𝐄𝐒 𝐈𝐓 𝐖𝐎𝐑𝐊?
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The global ground penetrating radar market size was valued at USD 336.2 million in 2021. The market is projected to grow from USD 367.3 million in 2022 to USD 612.6 million by 2029, exhibiting a CAGR of 7.58% during the forecast period.
Ground Penetrating Radar (GPR) is a geophysical device that records underground structures without excavation activity. GPR is a non-destructive method in which a technologically advanced radar emits electromagnetic pulses at multiple frequencies (up to 1000MHz). Such frequencies are reflected from underground structures. When applied to multiple materials, the transmitted pulse recedes due to the rapid change in velocity. Increase procurement of GPR systems on a rental basis to drive the market.
In addition, underground utilities' safety and security concerns are expected to drive the market.
In addition, government support for implementing GPR is driving market growth. The high demand for real-time GPR services associated with aging infrastructure development is a future opportunity for the market. However, lack of expertise and skills to operate GPR devices is a future challenge for the market.
𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐚𝐫𝐞:
Chemring Group (U.K.),Geophysical Survey Systems Inc. (U.S.),Geoscanners (U.K.),Guideline Geo (Sweden),IDS Georadar (Italy),Israel Aerospace Industries Ltd (Israel),Pipehawk Plc (U.K.),Raytheon Technologies Corporation (U.K.),Radiodetection Ltd. (U.K.)
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