Ground Penetrating Radar Market

IDS GeoRadar (Italy) and Sensors & Software Inc. (Canada) are Major Players in Ground Penetrating Radar Market

The ground penetrating radar market is expected to grow from USD 493 million by 2019 to USD 726 million by 2024 at a CAGR of 8.1% from 2019 to 2024. The major factors driving the growth of this market include concerns pertaining to safety and protection of underground utilities, advantages of GPR over other traditional technologies, and government support for implementation of GPRs.

IDS Georadar (Italy), Sensors & Software Inc. (Canada), Guideline Geo (Sweden), Chemring Group (UK), Geophysical Survey Systems, Inc. (US), Leica Geosystems AG (Switzerland), Radiodetection (UK), Penetradar Corp. (UK), Utsi Electronics Ltd. (UK), Hilti ( Liechtenstein), Pipehawk PLC (UK), and Geoscanners (UK) are among the major players in the GPR market. Most of the leading companies have used product launches and developments as key strategies to boost their revenues.

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IDS GeoRadar (Italy) has long been a major player in research into GPR. IDS GeoRadar designs and provides products and services for the investigation of subsurface, investigations and monitoring of structures, and monitoring of slope stability. It manufactures GPR and interferometric radar systems. For the GPR market, the IDS GeoRadar provides products for a wide range of applications, including utility mapping and detection, civil engineering, railway and road engineering, geology and environment management, archaeology, forensics, landslide monitoring, and mining safety management. The company has sales representatives in more than 40 countries. Continuous R&D activities enable it to provide clients with innovative products using state-of-the-art technologies and novel solutions. It is a pioneer of radar technologies for civil applications. To grow in the GPR market, the company has prominently adopted the organic growth strategy of product launches.

Sensors & Software Inc. (Canada) designs, develops, manufactures, sells, and rents GPR instrumentation and software. It offers solutions for utility locating, concrete assessment, mining and quarrying, roads and bridges, military, agriculture and forestry, and other applications. The company offers various GPR-based equipment to locate underground utilities such as soil, rock, rubble, pavement, concrete, water, and ice. Sensors & Software Inc. provides value to its customers through extensive dealer network and global offices. To grow in the GPR market, the company has been mainly adopting the organic growth strategy of product launches. For example, in July 2018, the company launched FINDAR, the GPR system developed specifically for law enforcement applications, especially to aid in the search for buried forensic evidence; it can locate clandestine graves, drugs, money (buried in metal or plastic containers), and buried weapons.

Guideline Geo (Sweden) offers sensors, software, and services for mapping and visualization of subsurfaces. The company operates internationally in 4 market segments: infrastructure, environment, water, and minerals. It offers its products, including GPRs, under the brand name MALA. The company has wide geographic presence with operations in the Americas, Europe, Asia, Oceania, Africa, and the Middle East. Guideline Geo chiefly focuses on providing innovative nondestructive subsurface investigation solutions. It has 95 years of experience in providing utility locating solutions to its customers and helping them minimize the project cost and providing safety. The company has mainly been adopting the organic growth strategies of product launches and developments, and inorganic strategies of contracts and acquisitions to grow in the GPR market. For example, in February 2018, Guideline Geo launched an updated version of ProCart for Easy Locator Pro.

Related Reports:

Ground Penetrating Radar Market by Product Type (Handheld, Cart-Based, and Vehicle-Mounted), Application (Utility Detection, Concrete Investigation, Transportation Infrastructure, and Archaeology), Offering, and Geography - Global Forecast to 2024

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Report Code
SE 7154
RI Published ON
6/7/2019
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