Hexagon Geosystems (Sweden) and GSSI (US) are leading players in Underground Utility Mapping Market
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 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.
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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.
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.
Related Reports:
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
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