The Underground Utility Mapping Market size is estimated at USD 1.32 billion in 2024, and is expected to reach USD 2.09 billion by 2029, growing at a CAGR of greater than 9.61% during the forecast period (2024-2029).
Underground utility mappings like pipework or underground electric wires determine the utility location. Underground utility mapping is essential to civil engineering because it saves time and money on costly repairs caused by striking utilities. Project planners can accurately plan costs for work to be done with the help of an accurate utility map. However, surveyors face record accuracy and mapping challenges, as mapping the location of hidden utility objects is an inherently difficult task.
The underground utility mapping market is semi-consolidated due to the presence of both global players and small and medium-sized enterprises. Some of the major players in the market are Hexagon AB, GSSI Geophysical Survey Systems Inc., LandScope Engineering Ltd, Plowman Craven Limited, and Geospatial Corporation. The players are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain a competitive advantage.
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