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Ground Penetrating Radars - Global Strategic Business Report

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    Report

  • 381 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5302585

Global Ground Penetrating Radars Market to Reach $978.5 Million by 2030

The global market for Ground Penetrating Radars estimated at US$502.4 Million in the year 2022, is projected to reach a revised size of US$978.5 Million by 2030, growing at a CAGR of 8.7% over the analysis period 2022-2030. Equipment, one of the segments analyzed in the report, is projected to record 8.3% CAGR and reach US$585.9 Million by the end of the analysis period. Growth in the Services segment is estimated at 9.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $182.3 Million, While China is Forecast to Grow at 10.1% CAGR

The Ground Penetrating Radars market in the U.S. is estimated at US$182.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$145.3 Million by the year 2030 trailing a CAGR of 10.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.6% and 7.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.9% CAGR.

Select Competitors (Total 53 Featured)

  • Lockheed Martin Corporation
  • Israel Aerospace Industries Ltd.
  • Rheinmetall AG
  • Chemring Group PLC
  • L3Harris Technologies, Inc.
  • Leica Geosystems AG
  • Geophysical Survey Systems, Inc.
  • Hilti Group
  • Japan Radio Co., Ltd.
  • Guideline Geo AB
  • Reutech Radar Systems
  • Ground Penetrating Radar Systems, LLC
  • Sensors & Software Inc.
  • KEYCOM Corporation
  • Roadscanners

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Ground Penetrating Radars Market

What is the estimated value of the Ground Penetrating Radars Market?

The Ground Penetrating Radars Market was estimated to be valued at $502.4 Million in 2022.

What is the growth rate of the Ground Penetrating Radars Market?

The growth rate of the Ground Penetrating Radars Market is 8.7%, with an estimated value of $978.5 Million by 2030.

What is the forecasted size of the Ground Penetrating Radars Market?

The Ground Penetrating Radars Market is estimated to be worth $978.5 Million by 2030.

Who are the key companies in the Ground Penetrating Radars Market?

Key companies in the Ground Penetrating Radars Market include Lockheed Martin Corporation, Israel Aerospace Industries Ltd., Rheinmetall AG, Chemring Group PLC, L3Harris Technologies, Inc., Leica Geosystems AG, Geophysical Survey Systems, Inc., Hilti Group, Japan Radio Co., Ltd. and Guideline Geo AB.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Ground Penetrating Radars - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Rise of Remote Sensing Technologies Provides the Foundation for Growth of Ground Penetrating Radars
  • The Never-Ending “Race” Between the Virus & Vaccines Continues. Amidst this Chaotic Battle, Where is the World Economy Heading Now & Beyond?
  • As Omicron Strain Fuels Fresh Waves of Infections Across the Globe, Mutating Coronavirus is the New Pandemic Challenge in 2022
  • With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking. But How Practical Is It to Implement Them?
  • With Vaccinated Population Showing Signs of Declining Clinical Protection, Booster Doses Are Emerging Into a Necessity to Restore Vaccine Effectiveness, but this Strategy is Not Within Reach for Most Countries: Number of Booster Doses Administered Per 100 People by Country as of December 2021
  • At the Dawn of 2022, We Leave Behind Millions of Deaths Due to New Strains & Once Again Stare at an Impending Catastrophe
  • How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • Split Scenarios Unfold: The Great Vaccine Divide Emerges
  • Vaccine Imbalances to Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of November 2021
  • Amid this Prolonged Pandemic, Why Should Businesses Care About Progress on Vaccinations?
  • With IMF Making an Upward Revision of Global GDP for 2022, Companies Are Bullish About an Economic Comeback Despite a Continuing Pandemic
  • A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Easing Unemployment Levels in 2021 & 2022 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
  • Ground Penetrating Radars: Definition, Importance, Benefits & Uses
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Expected Recovery in the Construction Sector to Open Up Opportunities for Ground Penetrating Radars
  • Recovering New Constructions & Renovations to Benefit Demand for GPRs: Global Construction Spending (In US$ Trillion) for the Years 2019, 2020, & 2021
  • Here’s How GPRs Helps in Making Construction Projects Faster, Cheaper & Safer
  • Rise of Environmental Impact Assessment as a Tool for Sustainable Development Drives Opportunities for Ground Penetrating Radar
  • Sustainability Becomes More Important than Ever. Here’s Why
  • EIA (Environmental Impact Assessment) Storms Into the Spotlight Generating Opportunity for GPRs
  • Healthy Defense Budgets Bodes Well for GPRs in Military Applications
  • Robust Defense Spending Opens Opportunities for Increased Investments in GPRs Technology : World Military Expenditure (In US$ Billion) for Years 2019, 2020 and 2021
  • Use of GPRs Technology in Military & Defense: A Review
  • Evergreen Importance of Archaeology Bodes Well for Ground Penetrating Radar
  • Aging Energy Infrastructure & Increased Investments in Underground Power Transmission & Distribution Utilities Drive Opportunities for GPRs in Utility Mapping Applications
  • Continuous Innovation in GPR Technology Bodes Well for Market Growth
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Ground Penetrating Radars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Ground Penetrating Radars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 3: World 14-Year Perspective for Ground Penetrating Radars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2016, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 6: World 14-Year Perspective for Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 9: World 14-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Cart-Based Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Cart-Based Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 12: World 14-Year Perspective for Cart-Based Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Handheld Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Handheld Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 15: World 14-Year Perspective for Handheld Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Vehicle-Mounted Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Vehicle-Mounted Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 18: World 14-Year Perspective for Vehicle-Mounted Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Geology & Environment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Geology & Environment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 21: World 14-Year Perspective for Geology & Environment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Law Enforcement & Military by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Law Enforcement & Military by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 24: World 14-Year Perspective for Law Enforcement & Military by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 25: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 26: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 27: World 14-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 28: World Recent Past, Current & Future Analysis for Utility Detection by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 29: World Historic Review for Utility Detection by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 30: World 14-Year Perspective for Utility Detection by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 31: World Recent Past, Current & Future Analysis for Concrete Investigation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 32: World Historic Review for Concrete Investigation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 33: World 14-Year Perspective for Concrete Investigation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 34: World Recent Past, Current & Future Analysis for Transportation Infrastructure by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 35: World Historic Review for Transportation Infrastructure by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 36: World 14-Year Perspective for Transportation Infrastructure by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 37: World Recent Past, Current & Future Analysis for Archaeology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 38: World Historic Review for Archaeology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 39: World 14-Year Perspective for Archaeology by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 40: World Ground Penetrating Radars Market Analysis of Annual Sales in US$ Thousand for Years 2016 through 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Ground Penetrating Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Ground Penetrating Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Ground Penetrating Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Ground Penetrating Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Ground Penetrating Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Ground Penetrating Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Ground Penetrating Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Ground Penetrating Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • LATIN AMERICA
  • Ground Penetrating Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • MIDDLE EAST
  • Ground Penetrating Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • AFRICA
  • Ground Penetrating Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Lockheed Martin Corporation
  • Israel Aerospace Industries Ltd.
  • Rheinmetall AG
  • Chemring Group PLC
  • L3Harris Technologies, Inc.
  • Leica Geosystems AG
  • Geophysical Survey Systems, Inc.
  • Hilti Group
  • Japan Radio Co., Ltd.
  • Guideline Geo AB
  • Reutech Radar Systems
  • Ground Penetrating Radar Systems, LLC
  • Sensors & Software Inc.
  • KEYCOM Corporation
  • Roadscanners