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 Attribute | Details |
| No. of Pages | 381 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $538.7 Million |
| Forecasted Market Value (USD) by 2030 | $978.5 Million |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
MARKET OVERVIEW
- Ground Penetrating Radars - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Rise of Remote Sensing Technologies Provides the Foundation for Growth of Ground Penetrating Radars
- Global Economic Outlook
- Ground Penetrating Radars: Definition, Importance, Benefits & Uses
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Expected Recovery in the Construction Sector to Open Up Opportunities for Ground Penetrating Radars
- Recovering New Constructions & Renovations to Benefit Demand for GPRs: Global Construction Spending (In US$ 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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