Utility Locator Market Size To Surpass USD 1482.51 Million By 2032 Owing To Rising Infrastructure Development And Smart Utility Management | Research By SNS Insider
| Report Attributes | Details |
| Market Size in 2023 | USD 859.79 Million |
| Market Size by 2032 | USD 1482.51 Billion |
| CAGR | CAGR of 6.28% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Key Growth Drivers | . Urbanization and Infrastructure Development Drive Growing Demand for Accurate Utility Locating Solutions |
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Utility Locator Market Thrives Amid Urbanization and Technological Advancements, Driven by AI, IoT, and Smart Infrastructure Projects
The utility locator market is growing based on increasing urbanization, infrastructural development, and growing deployment of sophisticated detection technologies. Increases in telecommunication infrastructure and application of AI and IoT are providing greater accuracy and efficiency in the process of locating utilities. Implementation of regulatory policies mandating safe excavation practices promotes market growth while ensuring compliance and reducing damages. Challenges related to high equipment pricing and technology integration issues still linger. Despite all this, automation and digitalization in utility management and construction pose profitable opportunities. With increased investment in smart city initiatives and robust safety standards, the need for sophisticated utility detection solutions is also on the rise.
By Target, Metal Segment Dominates Utility Locator Market, While Non-Metallic Detection Sees Rapid Growth with Advanced Technologies
The metal segment led the Utility Locator Market with a revenue share of nearly 70% in 2023. The very high incidence of metal utilities like pipes, cables, and conduits in urban infrastructure has aided this leadership. Electromagnetic locators and ground-penetrating radar (GPR), which are conventional detection techniques, have an extremely high success rate in tracing metal utilities, thus perpetuating demand. The non-metallic segment is also expected to register the fastest CAGR of approximately 7.78% during 2024-2032. It is due to the growing demand for non-metallic materials including plastic and composite pipes, owing to their attributes such as durability and corrosion resistance. The increase in non-metallic utility installation has generated corresponding demand for detection technologies.
By Offering, Equipment Segment Dominates Utility Locator Market, While Services Experience Rapid Growth Amid Rising Infrastructure Complexity
The equipment segment accounted for the highest revenue share of 64% in 2023 as a result of the vital importance of sophisticated utility locator tools in underground detection. Equipment like electromagnetic locators, ground-penetrating radar, and acoustic sensors plays a crucial role in construction and maintenance projects to ensure precise utility mapping. The services segment will register a growth rate of 7.23% CAGR between 2024-2032, propelled by the growing need for professional utility detection services. As urbanization and infrastructure increase, industries are increasingly dependent on expert services to avoid risks and maintain regulatory compliance.
By Technique, Electromagnetic Field Technology Dominates Utility Locator Market, While Ground Penetrating Radar Sees Fastest Growth
The Electromagnetic Field (EMF) segment dominated the market with a 49% revenue share in 2023. It is owing to the accuracy of EMF locators to identify metallic utilities like pipes and cables with high accuracy. The Ground Penetrating Radar (GPR) segment will expand at the highest CAGR of 7.81% during 2024-2032. GPR's increased depth penetration and accuracy in identifying both metallic and non-metallic utilities are forcing its implementation within different sectors.
By Vertical, the Telecommunication Sector Dominates the Utility Locator Market, While the Water and Sewage Segment Grows Rapidly with Infrastructure Modernization
Telecommunication was the sector with the largest revenue share of 30% in 2023. Growth in fiber-optic network installation and the deployment of telecommunication infrastructure has risen demand for utility detection. Growth in the Water and Sewage segment is forecasted to take place at a highest CAGR of 9.07% between 2024-2032. In this sector, increasing emphasis on water conservation coupled with the aging sewage system upgrading is driving growth in advanced utility locators.
Utility Locator Market Segmentation:
By Technique
- Electromagnetic Field Ground Penetrating Radar Others
By Offering
- Equipment Services
By Target
- Metallic Non-metallic
By Vertical
- Oil & Gas Electricity Transportation Water and Sewage Telecommunication Others
North America Dominates Utility Locator Market, While Asia Pacific Emerges as Fastest-Growing Region with Infrastructure Boom
North America led the Utility Locator Market with a revenue market share of around 37% in 2023. The region's large infrastructure projects, stringent safety regulations, and strong adoption of advanced utility detection technologies are some of the factors driving its market leadership. The concentration of major industry players and ongoing investments in smart infrastructure further reinforce North America's leadership. Asia Pacific is expected to grow the fastest, with a projected 8.03% CAGR during 2024-2032. Increasing urbanization, infrastructure growth, and higher investment in utility management are fueling demand for utility locators in developing economies. China and India are leading the adoption of next-generation detection technology, which further fuels regional market growth.
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Recent Developments
- September 2024 : 3M announced the production and sale of over 300 million friction shims worldwide, marking a significant milestone. These shims play a vital role in various industries, including automotive and aerospace. July 2024 : Emerson introduced its Ovation 4.0 Automation Platform , integrating generative artificial intelligence (GenAI) to enhance data analysis and decision-making in power and water operations, improving utility locator functionalities.
Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Utility Locator Market Segmentation, By Technique
8. Utility Locator Market Segmentation, By Offering
9. Utility Locator Market Segmentation, By Target
10. Utility Locator Market Segmentation, By Vertical
11. Regional Analysis
12. Company Profiles
13. Use Cases and Best Practices
14. Conclusion
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