A recent report published by
Infinium Global Research on underground utility mapping market provides
in-depth analysis of segments and sub-segments in the global as well as
regional underground utility mapping market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
underground utility mapping market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
global underground utility mapping market. According to the report, the global
underground utility mapping market is projected to grow at a CAGR of 10.69%
over the forecast period of 2019-2025.
The underground utility mapping
is used to map the buried utility networks or other utilities. The geophysical
tools used for the mapping includes electromagnetic induction techniques and
ground penetration radar technology. Electromagnetic induction includes
establishing measurable electromagnetic fields onto a target conductor. The
ground penetrating radar technique involves the transmission and propagation of
pulsed electromagnetic energy and the subsequent recording of these energy
Government taking initiative for
the safety of underground utilities and infrastructural development across the
globe drives the growth for the global underground utility mapping market.
Growing demand for 3D technology in various industries propels the growth of
the underground utility mapping market. Increasing demand for real-time utility
mapping boosts the growth for the global underground utility mapping market.
Increasing demand in the telecom and oil and gas industry to map for the
telephone line, TV lines and others. On the other hand, high maintenance cost
for the mapping devices and tools may hamper the growth of the global
underground utility mapping market. Moreover, the emergence of new technology
such as 5G creates an opportunity for the growth of the global underground
utility mapping market.
Geographically, North America
region dominates by the largest market share in the underground utility mapping
market due to the adoption of new technologies and presence of major players
along with high capital investment boost the growth of the market. In North
America, the U.S. dominates the market followed by Canada and Mexico. Asia
Pacific region is expected to boost the growth of the underground utility
mapping market in the forecast period. In the Asia Pacific, China holds the
largest market share followed by Japan and India. Increasing adoption of new
technologies such as 3D mapping and real-time monitoring and surveying and high
demand for the utility mapping in the telecom and oil and industry boosts the
growth of the market in the Asia-Pacific region.
The report on global underground
utility mapping market covers segments such as component, technology, and end
user. On the basis of component, the sub-markets include solutions, and
services. On the basis of technology, the sub-markets include 2d mapping, and
3d mapping. On the basis of end user, the sub-markets include government, oil
and gas, construction, telecom, and other end-user.
The report provides profiles of
the companies in the market such as Enviroscan, Inc., US Radar, Inc., Hexagon
Geosystems AG, Plowman Craven Limited, Vivax-Metrotech Corp., Guideline Geo AB,
Geophysical Survey Systems, Inc., Sensors & Software Inc., ProStar Geocorp,
Inc., Maverick Inspection Ltd., and Other Companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of underground utility mapping market. Moreover, the study highlights
current market trends and provides forecast from 2019-2025. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.