The global ground penetrating radar market in terms of revenue was estimated to be worth USD 340 million in 2023 and is poised to reach USD 453 million by 2027, growing at a CAGR of 7.5% from 2022 to 2027. The new research study consists of an industry trend analysis of the market.

Hexagon AB (Sweden), SPX Corporation (US), Geophysical Survey Systems, Inc. (US), Guideline Geo (Sweden), and Chemring Group PLC (UK) are among the top five players in the global ground penetrating radar market. These companies strengthen their market position by developing innovative products and acquiring small players.

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Hexagon AB

Hexagon AB is one of the leading companies in digital reality solutions, combining sensors, software, and autonomous technologies. It operates through two business segments, namely, Geospatial Enterprise Solutions and Industrial Enterprise Solutions. The company offers ground penetrating radar (GPR) solutions through its Geospatial Enterprise Solutions segment. Furthermore, it offers all GPR-related solutions through IDS GeoRadar s.r.l. and Leica Geosystems AG, which are now part of Hexagon AB. IDS GeoRadar s.r.l. was acquired by Hexagon in 2016. The company designs and provides products and services for subsurface investigation, structures investigation and monitoring, and slope stability monitoring. It manufactures GPR and interferometric radar systems.

SPX Corporation

SPX Corporation, along with its subsidiaries, is a diversified, global supplier of infrastructure and detection and measurement equipment. It provides its products through two business segments, namely, HVAC Reportable Segment and Detection and Measurement Reportable Segment. The company offers GPR systems through its Detection and Measurement Reportable Segment. Moreover, the segment delivers transportation solutions, specialized underground location and inspection equipment, and navigation aids. The company sells its products through Radiodetection Ltd. and Sensors & Software Inc.—companies acquired by SPX Corporation. Sensors & Software Inc. offers various GPR-based equipment to locate underground utilities such as soil, rock, rubble, pavement, concrete, water, and ice.

Geophysical Survey Systems, Inc.

Geophysical Survey Systems, Inc. (GSSI) was incorporated in 1970 and is headquartered in Nashua, US. GSSI develops and manufactures GPR equipment and electromagnetic induction instruments. The company has a wide product portfolio, namely, structurescan, utilityscan, pavescan, roadscan, bridgescan, SIR systems, and more. Furthermore, it offers its products for concrete inspection, utility locating, road inspection, geological applications, archaeological applications, bridge inspection, environmental assessment, ice and snow investigation, agriculture and forestry applications, mining, golf course management, railway evaluation, forensics, military and security applications, and research applications. The company has more than 15,000 square feet of dedicated engineering and lab space. Furthermore, the company’s engineering work is dedicated to GPRs and other technology solutions. The company also provides technical support and training services. It serves customers through a network of application specialists and representatives worldwide.