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 waves.
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.
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