Underground Utility Mapping Global Market Size, Share, By Component, By Services, By End User, By Region And Segment Forecast 2024-2033 | Hexagon AB, Trimble Inc., Topcon Corporation, US Radar Inc., GeoModel Inc.

Overview and Scope
Underground utility mapping refers to the process of accurately locating and documenting the subsurface infrastructure, such as pipelines, cables, and utilities, to prevent damage during construction or excavation activities and ensure efficient maintenance and management of urban infrastructure. It helps prevent damage to existing infrastructure during excavation or construction activities, improves project planning and coordination, and increases worker and public safety.

Sizing and Forecast
The underground utility mapping market size has grown rapidly in recent years. It will grow from $1.02 billion in 2023 to $1.13 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%.  The growth in the historic period can be attributed to technological advancements, increasing urbanization, stringent government regulations, growing infrastructure development projects, rising awareness about safety and damage prevention.

The underground utility mapping market size is expected to see rapid growth in the next few years. It will grow to $1.72 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%.  The growth in the forecast period can be attributed to adoption of advanced mapping technologies, expansion of smart city initiatives, surge in demand for efficient utility management solutions, integration of artificial intelligence and machine learning, growing investment in underground infrastructure maintenance. Major trends in the forecast period include adoption of cloud-based solutions, increased use of drones for surveying, emphasis on sustainable infrastructure practices, rise of 5G technology impacting utility networks, emergence of augmented reality for utility mapping.

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Segmentation & Regional Insights
The underground utility mapping market covered in this report is segmented –
1) By Component Type: Solutions, Services
2) By Technology: Electromagnetic (EM), Magnetic, Sonic Or Acoustic, Ground Penetration Radar, Live Line Detector, Robotic Crawler, Other Technologies
3) By Application: Positioning, Identification, Detection
4) By End-Use: Oil And Gas, Defense, Telecommunication, Electricity And Drainage, Railways, Other End Uses

North America was the largest region in the underground utility mapping market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the underground utility mapping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increase in construction activities is expected to propel the growth of the underground utility mapping market going forward. Construction is the process of building or assembling structures, infrastructure, or facilities according to specified plans and designs. The increasing construction activities can be attributed to factors such as urbanization, population growth, infrastructure development, and investment in real estate projects. Accurate mapping helps construction teams identify the location of underground utilities such as water pipes, gas lines, and electrical cables. This information is critical to preventing accidental damage during excavation, ensuring safety, and avoiding costly repairs. For instance, in November 2023, according to the Office for National Statistics, a UK-based government agency, the construction industry experienced a notable upsurge in new project output, soaring by 15.8% in 2022, marking a historic milestone with a total value reaching $165.5 billion (£132,989 million). Therefore, the increase in construction activities is driving the growth of the underground utility mapping market.

Key Industry Players
Major companies operating in the underground utility mapping market report are Minnesota Mining and Manufacturing Company (3M); Hexagon AB; Trimble Inc.; Topcon Corporation; Leica Geosystems AG; Bentley Systems Incorporated; Ground Penetrating Radar Systems LLC; Plowman Craven Limited; IDS GeoRadar s.r.l.; AirX Utility Surveyors Inc.; Geophysical Survey Systems Inc.; Guideline Geo AB ; Vivax Metrotech Corporation; Sensors & Software Inc.; Radiodetection Ltd.; Diversified Underground Inc.; Landscope Engineering Ltd.; Maverick Inspection Ltd.; ProStar GeoCorp. Inc.; US Radar Inc.; multiVIEW Locates Inc.; Geotec Surveys Limited; Subsurface Utility Imaging LLC; Stoner & Associates Inc.; Geospatial Corporation; Asian Contec Ltd (Stanlay); Red Laser Scanning Ltd.; GeoModel Inc.

The underground utility mapping market report table of contents includes:
1. Executive Summary

2. Underground Utility Mapping Market Characteristics
3. Underground Utility Mapping Market Trends And Strategies
4. Underground Utility Mapping Market – Macro Economic Scenario
5. Global Underground Utility Mapping Market Size and Growth

…..

32. Global Underground Utility Mapping Market Competitive Benchmarking
33. Global Underground Utility Mapping Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Underground Utility Mapping Market
35. Underground Utility Mapping Market Future Outlook and Potential Analysis
36. Appendix

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