Global Ground Penetrating Radars Industry Research 2023-2024 and 2030 - Recovering New Constructions & Renovations to Benefit Demand for GPRs


Dublin, April 18, 2024 (GLOBE NEWSWIRE) -- The "Ground Penetrating Radars - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

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

The global market for Ground Penetrating Radars estimated at US$538.7 Million in the year 2023, is projected to reach a revised size of US$978.5 Million by 2030, growing at a CAGR of 7.7% over the analysis period 2023-2030.



Ground Penetrating Radars Equipment, one of the segments analyzed in the report, is projected to record 7.4% CAGR and reach US$585.9 Million by the end of the analysis period. Growth in the Services segment is estimated at 8.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $195.3 Million, While China is Forecast to Grow at 8.9% CAGR

The Ground Penetrating Radars market in the U.S. is estimated at US$195.3 Million in the year 2023. 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 8.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7% CAGR.

Key Attributes:

Report AttributeDetails
No. of Pages381
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$538.7 Million
Forecasted Market Value (USD) by 2030$978.5 Million
Compound Annual Growth Rate7.7%
Regions CoveredGlobal



MARKET OVERVIEW

  • Ground Penetrating Radars - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Rise of Remote Sensing Technologies Provides the Foundation for Growth of Ground Penetrating Radars
  • Global Economic Outlook
  • Ground Penetrating Radars: Definition, Importance, Benefits & Uses
  • Recent Market Activity

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

FOCUS ON SELECT PLAYERS(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

For more information about this report visit https://www.researchandmarkets.com/r/5373k3

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Ground Penetrating Radars Market

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