11.0% Growth Rate for Underground Utility Mapping Market by 2024 | Hexagon Geo systems, GSSI, US Radar, Plowman Craven, Cardno and others.

A fresh report titled “Underground Utility Mapping Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 120 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. An exclusive data offered in this report is collected by research and industry experts team.

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The Global Underground Utility Mapping Market size is expected to grow from US$ 842 Million in 2019 to US$ 1.4 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period. This report spread across 120 Pages, Profiling 15 Companies and Supported with 50 Tables and 39 Figures is now available in this research.

Top Companies profiled in the Underground Utility Mapping Market:
• Hexagon Geo systems
• GSSI
• US Radar
• Plowman Craven
• Cardno
• Sensors & Software
• Vivax-Metrotech
• multiVIEW Locates

“The technological solutions segment holds a significant market share.”
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.

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“Surveying & mapping segment is expected to have significant growth in the underground utility mapping market during the forecast period.”
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.

“North America is expected to have the largest market size, and Rest of the World (RoW) is projected to grow at a significantly high rate during the forecast period.”
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.

Competitive Landscape of Underground Utility Mapping Market:
1 Overview
2 Competitive Leadership Mapping
2.1 Visionary Leaders
2.2 Dynamic Differentiators
2.3 Innovators
2.4 Emerging Companies
3 Competitive Scenario
3.1 New Product/Service Launches, Service Expansions, and Product Upgrades
3.2 Partnerships and Collaborations
3.3 Mergers and Acquisitions

Reason to access this report:
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.

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This release was published on openPR.