A mobile mapping system's three fundamental components are a control unit, remote mapping sensors, and navigation or positioning sensors, which are used to obtain geospatial data. The control unit acts as the system's brain, integrating the obtained geometric or positional data. The geospatial data is gathered via a mobile vehicle, aeroplanes, and mobile marine boats equipped with all of the sensors. It is used to calculate the trajectory and generate the output and is installed on a platform. Mobile mapping systems produce GIS data, geo spatial pictures and video, and digital maps, among other things.
Mobile mapping is increasingly becoming the most effective technique to collect data and build accurate 3-D models for a wide range of applications in a variety of sectors. The increased use of mobile devices with mapping and navigation technology is a major driver of demand for this market. The need for accurate yet rapid and cost-effective data generation methods, the need to collect large amounts of data for 3D modelling and LiDAR technologies, and increased awareness of inventory and asset management are all driving demand for this industry.
To address increasing industrial demands for high-precision scanning of wide geographic areas, the mobile mapping industry is seeing a spike in the adoption of laser scanning and positioning technologies. Improvements in LiDAR technology have enabled mapping experts to analyse natural and built-up environments with greater flexibility and precision, resulting in new industry potential.
Despite the rising popularity of mobile mapping, there are still certain obstacles to overcome. Many businesses have been hesitant to adopt this technology due to concerns about the data's security and privacy. A lack of understanding of the technology and its applications has also hindered the market's growth. Increased understanding of the qualities, advantages, and benefits of mobile mapping technology will improve the development of emerging regions.
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.
The market is divided into BFSI, IT & telecommunications, retail, government, real estate & infrastructure, mining, and transportation & logistics, based on the end use. With ongoing technological advancements, the mobile mapping market is presently steadily growing. The transportation and logistics industry, which generates the highest revenue, is gradually adopting mobile mapping solutions to improve operational efficiency and deploy and manage mobile resources. Three other high-growth industry verticals are media and entertainment, manufacturing, and retail.
Europe accounted for a significant portion of the global mobile mapping market in terms of revenue in 2020. European industrial demand is characterised by the rapid development of autonomous vehicles as well as a growing demand for location-aware technologies. Around three billion mobile applications presently rely on positioning data, according to the European Global Navigation Satellite Systems Agency, offering up new business prospects. Several EU countries, including Germany, Italy, and the United Kingdom, are largely relying on mapping techniques for defence.
The major players of the global Mobile Mapping market are Apple Inc., AISAN Technology, Autonavi, Baidu, Black & Veatch, Cycolmedia Technology B.V., EveryScape, Inc., Foursquare Labs, Inc., Garmin International, Google LLC., Leica Geosystems Inc., Mapquest, Microsoft Corporation, Mitsubishi Electric Corporation, NAVTEQ Corp., and others. 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, 2019-2028 (USD Billion)
- Imaging Device
- Laser Ranging & Scanning Device
- Positioning Device
- Mapping Data Extraction
- Data Processing
- Training and Consulting
- Integration & Maintenance
- Managed Services
Application Overview, 2019-2028 (USD Billion)
- Road & Railway Survey
- GIS Data Collection
- Vehicle Control & Guidance
- Asset Management
End Use Overview, 2019-2028 (USD Billion)
- IT & Telecommunication
- Real Estate & Infrastructure
- Transportation & Logistics
Regional Overview, 2019-2028 (USD Billion)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America