Underground Utility Mapping Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The underground utility mapping market is projected to grow at 9.4% CAGR during the forecast period of 2021 - 2026. Underground utility mapping is used to determine the utility location such as pipework or electric wires buried underground. The underground utility mapping is a crucial part of the civil engineering process, which saving time and money on costly reparative work caused by striking utilities. With the help of an accurate utility map, the project planners can accurately plan costs for work to be done. However, the accuracy of records and mapping are some of the problems for surveyors as mapping the location of hidden utility objects is a task inherently laced with difficulty.
Key HighlightsThe underground utility mapping market is moderately competitive and comprises a significant number of global and regional players. These players account for a considerable share in the market and focusing on expanding their client base across the globe. These players are focusing on research and development, strategic alliances, and other organic & inorganic growth strategies to earn a competitive edge throughout the forecast period.
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