The global mobile mapping market size is likely to project a CAGR of nearly 18.5% during the forecast years 2021-2028. The mobile mapping market is driven by the mobile mapping integration with wearable smart devices and growth of mapping analytics which acts as a driver as the demand for mobile mapping solution is increasing.
The present and future mobile mapping market progress is summarized to conclude the attractiveness of the entire market. Also, prime factors that influence the mobile mapping market opportunities is increasing investment by vendors in technological developments, coupled with increasing applications in city planning and the development of smart cities. The rapid demand in the adoption of laser scanning and positioning technologies to address dynamic industry requirements for rapid scanning of geographic areas with high precision is the key factor driving the market growth for mobile mapping market.
Also, the rapid advancements in the satellite mapping technology and its integration into smartphones are another factors driving the market growth. Furthermore, the significant requirements of business organizations for greater flexibility/scalability and critical security and privacy issues is likely to provide lucrative development opportunities for the mobile mapping market in the forthcoming years.
The report also emphasizes several distinctiveness of the global mobile mapping industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the mobile mapping industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The mobile mapping market has tough competition among the new emerging and pre-established market vendors. Besides, the mobile mapping industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
Based on components, the global mobile mapping market has been divided into hardware, software, and services. The hardware segment captured the largest share of the global market. Hardware includes sensors and scanners. The other two segments has witnessed growth in the previous years.
North America is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the mobile mapping market in this region is mostly ascribed to the market share that key players hold in this region. Also factors such as increasing demand for city planning and urban modeling couple with need of high accuracy indoor mapping is positively affecting the market. However, the growth in Asia Pacific region is likely due to the increased penetration of mobile devices equipped with GPS, high growth in developing economies such as India and China, along with the improved network connectivity.
The major players of the global mobile mapping market are Google, Microsoft, TomTom, Trimble NV, Apple, Foursquare, Telecommunication Systems, Inc., Tele Atlas Survey BV, NAVTEQ Corp, beica Geosystems AG, Topcon Corporation, NovAtel Inc., Javad GNSS Inc., Optech LLC, and Mitsubishi Corporation. Renowned companies are offering new and modern mobile mapping software solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global Mobile Mapping Market
Component Overview, 2021-2028 (USD Million)
Application Overview, 2021-2028 (USD Million)
- Road & Railway Survey
- GIS Data Collection
- Vehicle Control & Guidance
- Asset Management
End-Use Overview, 2021-2028 (USD Million)
- IT & Telecommunication
- Real Estate & Infrastructure
- Transport & Logistics
Regional Overview, 2021-2028 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America