What Is The Overview Of The Global Underground Utility Mapping Market?
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.
Underground Utility Mapping Global Market Report 2024 provides data on the global underground utility mapping market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Underground Utility Mapping market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Underground Utility Mapping Market Expected To Grow In Size And Annual Rates?
The underground utility mapping market size has grown rapidly in recent years, increasing from $1.02 billion in 2023 to $1.13 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. This growth can be attributed to technological advancements, increasing urbanization, stringent government regulations, growing infrastructure development projects, and rising awareness about safety and damage prevention. The market size is expected to see rapid growth in the next few years, reaching $1.72 billion in 2028 at a CAGR of 11.1%. Future growth drivers include the adoption of advanced mapping technologies, the expansion of smart city initiatives, a surge in demand for efficient utility management solutions, integration of artificial intelligence and machine learning, and growing investment in underground infrastructure maintenance. Major trends include the adoption of cloud-based solutions, increased use of drones for surveying, emphasis on sustainable infrastructure practices, the rise of 5G technology impacting utility networks, and the emergence of augmented reality for utility mapping.
What Main Forces Are Fueling Expansion In The Underground Utility Mapping Market?
The underground utility mapping market is poised for growth driven by the increasing volume of construction activities worldwide. Construction, essential for building infrastructure and facilities, is experiencing robust growth due to urbanization, population expansion, and investments in real estate. Accurate underground utility mapping plays a crucial role in identifying and locating water pipes, gas lines, and electrical cables, minimizing the risk of damage during excavation and ensuring safety and efficiency. In 2023, the UK construction industry saw a significant surge in new project output, reaching a historic milestone with a total value of $165.5 billion (£132,989 million). As construction activities continue to rise through 2023, 2024, and 2028, the demand for underground utility mapping solutions is expected to grow, supporting safer and more efficient construction practices globally.
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What Are The Primary Segments In The Global Underground Utility Mapping Market?
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
Which Key Trends Are Driving Changes In The Underground Utility Mapping Market?
Companies in the underground utility mapping market are focusing on developing advanced technologies such as real-time kinematics (RTK) to enhance their competitive position. RTK technology is an advanced GPS correction method that improves satellite data accuracy to deliver sub-inch precision in real-time. For example, in November 2023, Radiodection, a UK-based company specializing in products for locating and maintaining underground pipes and cables, launched the RD8200SG, a multifunctional cable and pipe locator based on RTK technology. This device enhances the accuracy of underground utility mapping and streamlines work processes by providing immediate, actionable data. The RD8200SG is effective in both urban and rural environments, improving precision and reducing the risk of accidental utility strikes.
What Is The Leading Region In The Underground Utility Mapping Market?
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.
