Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1168.46 Million | USD 2721.54 Million | 9.85% | 2023 |
According to the report published by Zion Market Research, the global Underground Utility Mapping Market size was valued at USD 1168.46 Million in 2023 and is predicted to reach USD 2721.54 Million by the end of 2032. The market is expected to grow with a CAGR of 9.85% during the forecast period. The report analyzes the global Underground Utility Mapping Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the rising opportunities in the Underground Utility Mapping industry.
Global Underground Utility Mapping Market: Overview
Underground utility maps are composed of digital representations of buried utilities created through geophysical methods. With this technology, land surveyors will be able to diversify their expertise in positioning technology in a completely new area. In underground utility mapping, lines and cables are detected, located, and identified beneath the ground. Ground-penetrating radar (GPR), electromagnetic induction (EMI), and others are used to accomplish the mapping processes. Various verticals conduct underground utility mapping, including oil & gas, electricity, government & public safety, construction, telecommunications, and others. Land surveyors must acquire new skills, knowledge, and techniques when performing underground utility mapping that combines detection and positioning technologies.
Global Underground Utility Mapping Market: Growth Factors
The global underground utility mapping market is growing at a lucrative pace owing to increasing infrastructure development activities and rapid growth in industrialization. In addition to this, factors that are fueling the growth of the global market include rising urbanization and favorable government initiatives to focus on the implementation of underground utility mapping. Further, rising concerns over the safety of underground utilities and the availability of utility mapping tools enhance the growth of the market. The growing availability of detecting applications and the rise in return on marketing spending are the key contributing factors to the growth of the underground utility mapping market. In addition, aging infrastructure is creating the need for proper maintenance which in turn is propelling the demand for underground utility mapping. The implementation of accurate utility mapping enables the planning of utility or infrastructure projects to be completed in advance with greater accuracy.
Furthermore, rising demand for the applications for real-time utility mapping along with rising demand for 3D mapping tools is projected to offer ample opportunities for the growth of the global underground utility mapping market over the forecast period. The continuing efforts to organize 5G infrastructure across the world are generating new opportunities for utility mapping solutions providers. However, the high maintenance cost required for the mapping tool is expected to hamper the growth of the underground utility mapping market.
The sudden outbreak of COVID-19 has highly impacted the overall economy due to the lockdown in countries across the world. To control the spread of COVID-19, the government has imposed so many regulations which in turn negatively impacted the underground utility mapping market. Factors such as shut shutdown of production of various types of machinery required for underground utility mapping, restrictions on transportation, and restrictions on movement affected the overall infrastructure development activities and witnessed a major decline in the market growth. These end-user industries have also faced new challenges due to supply chain problems, tight protocols, and the shortage of workforce. The key players operating in the underground utility mapping market are majorly focusing on protecting the workforce, maintaining social distancing, and managing the supply chain to respond to immediate crises and find new ways of working during a crisis of COVID-19.
Global Underground Utility Mapping Market: Segmentation
The global underground utility mapping market is divided based on product type, service type, application, and region.
Based on product type, the global underground utility mapping market is split into electromagnetic induction, radio detection, acoustic locating, ground-penetrating radar, and magnetic locators & wires. The service type segment is bifurcated into vacuum excavators, specialty services, private utility locating, and leak detection. Telecommunication, electricity, construction, oil & gas, and government and public safety are the applications of underground utility mapping.
Report Attributes | Report Details |
---|---|
Report Name | Underground Utility Mapping Market |
Market Size in 2023 | USD 1168.46 Million |
Market Forecast in 2032 | USD 2721.54 Million |
Growth Rate | CAGR of 9.85% |
Number of Pages | 197 |
Key Companies Covered | Leica Geosystems AG, GSSI Geophysical Survey Systems, Inc., Sensors & Software Inc., multiVIEW, Inc., Guideline Geo., ProStar Geocorp, Ground Penetrating Radar Systems, LLC, Enviroscan, Vivax-Metrotech Corp., and Plowman Craven Limited |
Segments Covered | By Product Type, By Service Type, By Application, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Global Underground Utility Mapping Market: Regional Analysis
Geographically, North America is estimated to be the largest contributing region and accounts for a major share of the global underground utility mapping market during the forecast period. Rapid growth in electrical infrastructure and the increasing focus of key players in upgrading infrastructures are advancing the growth of the market in this region. Further, continuous development in the field of oil and gas is enhancing the demand in the North American region.
On the other hand, the Asia Pacific region is anticipated to grow at a quicker rate and is expected to offer plenty of opportunities for market growth. The other factors that are propelling the growth of the market in this region include rising investment in infrastructure development in transportation.
The global underground utility mapping market is highly concentrated owing to the presence of leading domestic manufacturers in the market. The prominent players operating in this market are focusing on improving R&D strategies and facilitating other key organic strategies to gain a competitive edge in the market. Some of the leading manufacturers working in the global underground utility mapping market include;
The global underground utility mapping market is segmented as follows;
By Product Type
By Service Type
By Applications
By Region
North America
FrequentlyAsked Questions
The global underground utility mapping market is growing at a lucrative pace owing to increasing infrastructure development activities and rapid growth in industrialization. Furthermore, rising demand for the applications for real-time utility mapping along with rising demand for 3D mapping tools is projected to offer ample opportunities for the growth of the underground utility mapping market over the forecast period.
Leica Geosystems AG, GSSI Geophysical Survey Systems, Inc., Sensors & Software Inc., multiVIEW, Inc., Guideline Geo., ProStar Geocorp, Ground Penetrating Radar Systems, LLC, Enviroscan, Vivax-Metrotech Corp., and Plowman Craven Limited, are some of the leading manufacturers that are working in the global underground utility mapping market.
North America is estimated to be the largest contributing region and accounts for a major share in the global underground utility mapping market during the forecast period. Rapid growth in electrical infrastructure and the increasing focus of key players in upgrading infrastructures are advancing the growth of the market in this region.
Underground utility mapping is the process of identifying and documenting the location of underground cables, pipes, and other infrastructure. This includes utilities like electric power, telecommunications, water, gas, and sewer lines.
According to a study, the global underground utility mapping market size was worth around USD 1168.46 million in 2023 and is expected to reach USD 2721.54 million by 2032.
The global underground utility mapping market is expected to grow at a CAGR of 9.85% during the forecast period.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed