Market Analysis
Market Research Future (MRFR) projects the global mobile mapping market to expand at a 15.88 % CAGR from 2020 to 2027 (forecast period).
Mobile mapping systems are a precise method of collecting geospatial data from mobile vehicles. Depending on the end-use application, the system may include location sensors, laser scanners, LiDAR, radar-mounted digital cameras, or a variety of remote sensing devices installed on mobile platforms such as boats, SUVs, and all-terrain vehicles (ATVs). GIS data, digital maps, and georeferenced images and videos are the end product of such systems. One of the most important geospatial technologies today is 3D mobile mapping, which has the potential to alter the way environments are visualized, measured, analyzed, and catalogued. Land surveying, map creation, laser scanning, aerial surveys, facility/road management, and a variety of other applications rely on mobile mapping.
The growing adoption of novel technologies in map making and surveying, as well as the growing adoption of digital maps across numerous industrial verticals, is driving growth. The growing internet penetration and rise in connected devices such as smartphones, tablets, and interactive displays for the adoption of map-based applications are expected to accelerate in the near future.
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COVID-19 Impact on the Global Mobile Mapping Market
COVID-19 is an unprecedented global public health emergency that has affected almost every industry, with long-term effects expected to affect industry growth over the projected period.
Market Segmentation
The global mobile mapping industry has been segmented into component, solution, application, user type, and end-user.
By components, the global Mobile Mapping Market Share has been divided into hardware, software, and services. The hardware segment captured the largest share of the global market. Hardware includes sensors and scanners.
By solution, the global mobile mapping market has been categorized into location-based, indoor mapping, asset management, 3D mapping, and others. The location-based solution segment earned the largest share of the global market.
Based on application, the global mobile mapping industry has been segmented into land surveys, aerial surveys, bridge planning, and others. The land survey segment captured the largest share of the global market.
By user type, the global mobile mapping industry has been segmented into enterprises and individuals. The enterprises segment earned the largest share of the global market.
Based on end-user, the global mobile mapping industry has been segmented into agriculture, IT & telecom, aviation & aerospace, real estate & construction, marine transport, manufacturing, mining, healthcare, media & entertainment, energy & power, and others.
Regional Analysis
Region-wise, the global mobile mapping market has been segmented into the Asia Pacific, North America, Europe, the Middle East & Africa, and South America.
In terms of market share, North America dominates the mobile mapping market. The presence of prominent competitors such as Apple Inc., Microsoft Corporation, and Google Inc. and their investments in the development of mobile mapping solutions across the US, Canada, and Mexico have resulted in considerable growth in the regional market. Europe has the second-largest market share in mobile mapping. Manufacturing, banking and financial services, government, real estate, telecommunications, and transportation have all seen tremendous expansion in the use of mobile mapping technology in the region.
Companies Covered
The key players operating in the worldwide mobile mapping market include Trimble Inc (US), Topcon Corporation (Japan), Mitsubishi Electric Corporation (Japan), Google (US), Huron Geomatics Inc(Canada), Pasco Corporation (Japan), Microsoft Corporation (US), The Sanborn Map Company Inc., 3D Laser Mapping, Apple Inc. (US), NavVis, TomTom International BV (Netherlands), Telefonaktiebolaget LM Ericsson (Sweden), NGC Aerospace Ltd, FARCO Technologies Inc (US), Hexagon AB (Sweden), IGI GmbH (Germany), Hyper-Tech (Israel), and Gexcel (Italy).
Summary
The global mobile mapping market is predicted to expand at a 15.88 % CAGR from 2020 to 2027 (forecast period). The increasing usage of novel technologies in map making and surveying, as well as the growing adoption of digital maps across numerous industrial verticals, is fueling growth. The growing internet penetration and rise in connected devices like smartphones, tablets, and interactive displays for the adoption of map-based apps are projected to propel in the near future.
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Mobile Mapping Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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