Utility Locator Market 2030: Digging Safely with Precision
The global utility locator market was valued at USD 842.5 million in 2023 and is forecasted to reach USD 1,252.3 million by 2030, growing at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2030. The surge in infrastructure development—including roads, railways, buildings, and utilities—is driving the demand for accurate underground utility mapping, which is essential to prevent accidents and project delays. Excavation activities carry the risk of damaging underground utilities, potentially resulting in injuries, fatalities, and significant financial losses. Utility locators play a crucial role in mitigating these hazards. The thriving construction industry, encompassing both residential and commercial projects, is a key consumer of utility location services. Moreover, stringent regulations requiring utility location before excavation work compel companies to adopt utility locators to ensure regulatory compliance and avoid penalties. The integration of advanced t...