The Global Utility Locator Market size is valued at around USD 841 Million in 2024 and is projected to reach around USD 1,219 Million by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.71% during the forecast period i.e., 2025-30.
Global Utility Locator Market Driver:
The Increasing Adoption of AI, ML, & GIS for Real-Time Analysis of Underground Utilities – As urbanization & infrastructure development increase, efficiently managing & maintaining underground assets becomes paramount. Adopting advanced technologies, such as artificial intelligence, machine learning, & data analytics, further amplifies the capabilities of utility locators. These cutting-edge innovations enable utility owners to gain valuable insights into the condition & performance of their underground infrastructure in order to identify potential issues & weaknesses before they escalate.
Moreover, integrating GIS technology & GPS software enhance the visualization & management of underground networks, streamlining operations and optimizing resource allocation. With a growing emphasis on sustainability & efficiency, the utility locator market is witnessing a transformative shift toward more sophisticated & intelligent solutions ensuring vital underground utilities’ seamless functioning. For example:
· In May 2023, Vermeer created the innovative Verifier G3+ utility locator, equipped with GPS, offering precision, enhanced connectivity, & user-friendly controls.
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Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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Global Utility Locator Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Technique
- Electromagnetic Field
- Ground Penetrating Radar
- Others
- By Offering
- Equipment
- Services
- By Target
- Metallic
- Non-Metallic
- By End User
- Telecommunication
- Electricity
- Water and Sewage
- Oil & Gas
- Transportation
- Others
- By Company
- Revenue Shares
- Competition Characteristics
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Radiodetection Ltd., Vivax-Metrotech Corp., Guideline Geo., Emerson Electric Co., The Charles Machine Works, Sensors & Software Inc., Leica Geosystems AG, 3M, and GSSI Geophysical Survey Systems and Others
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