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The ground-penetrating radar market is expected to grow from $493 million by 2019 to $726 million by 2024 at a CAGR of 8.1% from 2019 to 2024.
Utility Detection to Hold Largest Size of GPR Market During Forecast Period
The utility detection application is expected to hold the largest size of GPR market during the forecast period. GPR systems are extensively used for locating buried pipes, cables, and sewers. These systems have a unique ability to detect nonmetallic and metallic structures, which helps locate pipes and cables. This market growth is also attributed to the growing concern for the safety and protection of underground utilities.
Market for Vehicle-Mounted GPR Systems to Grow at Highest CAGR During Forecast Period
The GPR market for vehicle-mounted GPR systems is expected to grow at the highest CAGR during the forecast period. Vehicle-mounted GPR consist of GPR equipment fit on vehicles such as trucks, cars, UAVs, tanks, and armored vehicles. They are most commonly used for transportation infrastructure, and law enforcement and military applications, which are expected to witness high growth rates during the forecast period.
GPR Market in APAC to Grow at Highest CAGR During Forecast Period
The GPR market in APAC is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the rapid infrastructure building activities being undertaken in APAC, mainly in China, India, and Japan, where structural health monitoring paves the way for the modernization of infrastructure.