Market Research Report
Underground Utility Mapping Market by Component (Technological Solutions (EMI and GPR), and Services (Professional Services, and Managed Services)), Vertical (Telecommunication, Oil & Gas, Government & Public Safety), Region - Global Forecast to 2024
|Published by||MarketsandMarkets||Product code||888109|
|Published||Content info||121 Pages
Delivery time: 1-2 business days
|Underground Utility Mapping Market by Component (Technological Solutions (EMI and GPR), and Services (Professional Services, and Managed Services)), Vertical (Telecommunication, Oil & Gas, Government & Public Safety), Region - Global Forecast to 2024|
|Published: July 9, 2019||Content info: 121 Pages||
"The underground utility mapping market is expected to grow at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period due to a rise in concerns over the safety of underground utilities."
The global underground utility mapping market size is expected to grow from USD 842 million in 2019 to USD 1.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period. Rise in concerns over the safety of underground utilities, and government initiatives for the implementation of utility mapping tools are the major factors driving the growth of the underground utility mapping market.
Over the past few years, the underground utility mapping technology has been growing and being incorporated into various verticals. Various utilities, such as electric wires, oil & gas pipelines, and water & sewage lines, can be detected, identified, and mapped using a variety of techniques to reduce the risk of potential damage to underground utilities during digging or excavation. The underground utility mapping market, based on technological solutions, has been segmented into electromagnetic induction, GPR, and others. Other technological solutions include magnetic locators, acoustic pipe locator, and vacuum excavator.
In surveying & mapping, technicians use the latest technology with expert methods to explore detectable features underground. A suite of technology, including GPR and Electro-Magnetic Locators (EML), analyses reflected signals from structures, services, buried objects, and layers beneath the ground. With statutory record plans, visual inspections of all lifted services covered on site, technicians create an accurate plan of the subsurface environment in multiple formats, including 3D. Surveying & mapping reduce project planning time, minimize risk, and comply with health & safety regulations.
North America leads the adoption of underground utility mapping applications due to the increasing demand for enhanced surveillance and construction activities that utilize projection mapping to build advanced maps and models. The region has a highly stable economy, which gives it an upper hand over other regions in terms of the vast utilization of underground utility mapping applications in various fields. Utility mapping solutions help identify the precise location of an underground utility, thereby enhancing public safety, increasing the integrity of underground utility, and avoiding accidents & mishaps during the repair, maintenance, and new construction activities. All these factors propel the growth of the market in North America. The American Public Works Association has developed color coding systems that help to identify existing underground utilities such as electrical, gas, water, and communication lines. The US is one of those countries in which these systems are deployed.
Major countries contributing to the underground utility mapping market in RoW are Brazil, South Africa, and some countries in the Middle East. Brazil is a key contributor to underground utility mapping solutions and services in this region. Factors driving the underground utility mapping market in RoW are market-friendly policies such as equal access to regional markets for non-resident investors and the government's Growth Acceleration Program (PAC) that promotes investment in infrastructure. In South Africa, underground utility mapping is used for electricity and infrastructure verticals and is expected to grow at a significant rate during the forecast period. This growth can be attributed to the growing use of underground utility mapping applications for checking underground utilities during construction activities.
In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.
The break-up of the profiles of the primary participants is as follows:
The underground utility mapping market includes various major vendors such as Hexagon Geosystems, GSSI, US Radar, Plowman Craven, Cardno, Sensors & Software, Vivax-Metrotech, and multiVIEW Locates.
The report includes an in-depth competitive analysis of the key players in the underground utility mapping market along with their company profiles, recent developments, and key market strategies. The report segments the underground utility mapping market by component (technological solutions & services), technological solutions (Electromagnetic Induction (EMI), Ground Penetrating Radar (GPR), and others), services (professional [surveying and mapping, training and education, and consulting] and managed services), verticals and region.
The underground utility mapping market has been segmented on the basis of component (technological solutions and services), technological solutions (Electromagnetic Induction (EMI), Ground Penetrating Radar (GPR), and others), services (professional [surveying & mapping, training & education, and consulting] and managed services), verticals (Oil & Gas, Electricity, Government & Public Safety, Construction, Telecommunication, and Others) and region .
The report will help the market leaders/new entrants in the underground utility mapping market in the following ways:
(Business Overview, Solutions, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
Details on Business Overview, Solutions, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.