Global Underground Utility Mapping Market to Reach $2.9 Billion by 2030
The global market for Underground Utility Mapping estimated at US$1.5 Billion in the year 2023, is expected to reach US$2.9 Billion by 2030, growing at a CAGR of 10.1% over the period 2023-2030. Underground Utility Mapping Services, one of the segments analyzed in the report, is expected to record 10.3% CAGR and reach US$1.9 Billion by the end of the analysis period. Growth in the Underground Utility Mapping Technological Solutions segment is estimated at 9.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $465.8 Million, While China is Forecast to Grow at 9.3% CAGR
The Underground Utility Mapping market in the U.S. is estimated at US$465.8 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$496.5 Million by the year 2030 trailing a CAGR of 9.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.2% and 8.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR.
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