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Underground Utility Mapping Market Growing at a CAGR 11.0% | Key Player Hexagon Geosystems, Sensors & Software, Vivax-Metrotech, Enviroscan, multiVIEW Locates

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Underground Utility Mapping Market Growing at a CAGR 11.0% | Key Player Hexagon Geosystems, Sensors & Software, Vivax-Metrotech, Enviroscan, multiVIEW Locates

November 23
19:22 2020
Underground Utility Mapping Market Growing at a CAGR 11.0% | Key Player Hexagon Geosystems, Sensors & Software, Vivax-Metrotech, Enviroscan, multiVIEW Locates

Hexagon Geosystems (Sweden), Sensors & Software (Canada), Vivax-Metrotech (US), Enviroscan (US), multiVIEW Locates (Canada), Guideline Geo (Canada), US Radar (US), Global Detection Solution (Malaysia), Plowman Craven (UK), GSSI (US), ProStar Geosorp (US), Underground Services (US), Utility Mapping (Australia), Maverick Inspection (Canada), and Cardno
Underground Utility Mapping Market by Component (Technological Solutions (EMI and GPR), and Services (Professional Services, and Managed Services)), Vertical (Telecommunication, Oil & Gas, Government & Public Safety), Region – Global Forecast to 2024

The global Underground Utility Mapping Market size is expected to grow from USD 842 million in 2019 to USD 1.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period. Rising concerns regarding the safety of underground utilities; and government initiatives for the implementation of utility mapping tools are the major factors driving the growth of the underground utility mapping market.

The training & education services segment of underground utility mapping to grow at a significant growth rate during the forecast period

Training & education services are intended to help organizations understand how underground utility mapping software solutions and applications work. These services educate communities and professionals about the challenges faced in using underground utility mapping solutions. The training programs guide organizations or individuals in identifying utility mapping process-related problems in day-to-day life. These services are focused on educating end-users on how to deploy and use underground utility mapping solutions at their sites effectively. For using utility mapping software and devices, high-skilled professionals are required, as every software solution has different modules. For this, many vendors offer training and education services.

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The government & public safety segment to hold a significant market size during the forecast period

Government planning, management, and operations provide fertile ground for new applications of remote sensing data and information as the local governing bodies are responsible for geographically small areas that often have high population densities, comprising city and county. Additionally, these governing bodies generally require high-resolution spatial data for several purposes, such as cadastral or mapping applications, identification of changes in land use, and maintenance of the transportation infrastructure. Many governments already have GIS capabilities; data from satellite remote sensing, such as data from some forms of airborne remote sensing, can be used in conjunction with digital data available in existing GIS databases. Underground utility mapping helps government for exact planning of the town development.

The major vendors in the underground utility mapping market are Hexagon Geosystems (Sweden), Sensors & Software (Canada), Vivax-Metrotech (US), Enviroscan (US), multiVIEW Locates (Canada), Guideline Geo (Canada), US Radar (US), Global Detection Solution (Malaysia), Plowman Craven (UK), GSSI (US), ProStar Geosorp (US), Underground Services (US), Utility Mapping (Australia), Maverick Inspection (Canada), and Cardno (Australia). These players have adopted various growth strategies, including partnerships, agreements, collaborations, and new product launches, to further expand their presence in the global underground utility mapping market. New product launches, partnerships, agreements, and acquisitions have been the most favored strategies adopted by major players from 2016 to 2019, which helped them offer innovative products and broaden their customer base.

Hexagon Geosystems (Sweden) is instrumental in offering underground utility mapping application software (DX Office Vision) under its detection system segment. This application helps detect potential threats, including non-conductive pipes and fiber optics, increasing safety by lowering the risk of accidentally hitting underground assets. Moreover, this application enables to map the detected underground utilities digitally and further helps convert GPR data into CAD drawings for every user. The company believes in bringing innovation in the manufacturing process and providing innovative products & services. The company invested USD 480 million in R&D to remain competitive in the market and enhance its technology portfolio. Additionally, the company is dedicated to providing quality and certified products to strengthen its customer base and business operations, and, every product of the company meets the ISO9001: 2008 standard. Moreover, the company has a strong focus on organic as well as inorganic business strategies. It is evident from the fact that, in July 2018, Hexagon’s subsidiary firm, Leica Geosystems launched a detection solution named, DX Shield software for utility construction to collect, transfer, and access data remotely to a hosted service for multiple users, across multiple sites.

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GSSI (US) has been exceptional in offering utility mapping related systems. These systems make use of RADAN software, an underground utility mapping software application, to represent the information in a graphical format (2D and 3D). Moreover, the integration of GPS and 3D module makes the equipment more dynamic to provide real-time mapping for underground utilities. Furthermore, the company offers Subsurface Utility Engineering (SUE) maps by integrating GPS with GPR and radio detection, to detect and locate underground utilities to obtain quality surveys. GSSI has a balanced focus on its organic and inorganic business growth strategies. It is evident from the fact that in November 2018, GSSI launched the latest UtilityScan GPR system with HyperStacking technology to identify and mark the location & depth of subsurface utilities. Additionally, in May 2019, GSSI partnered with Blinken Tools AB, to extend its presence in the Scandinavian region through Blinken’s immense service and support expertise in providing quality products to the end-users.

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