AT CAGR of 19% Mobile Mapping Market is to Witness Significant Growth between 2020-2025
Mobile Mapping Market is valued at USD 14.32 Billion in 2018 and expected to reach USD 48.40 Billion by 2025 with the CAGR of 19% over the forecast period.
Mobile Mapping Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2025. Increasing adoption of mobile mapping devices, infrastructural development of telecommunication networks, and adoption of mobile mapping technology for various applications are some of the primary factors driving the growth of global mobile mapping market.
Scope of Mobile Mapping Market-
Mobile Mapping Is The Procedure of collecting geospatial data from a mobile vehicle, typically fitted with a range of GNSS, photographic, radar, laser, LiDAR or any number of remote sensing systems. Such systems are collected of an integrated array of time synchronized navigation sensors and imaging sensors attached on a mobile platform. The primary output from such systems contains GIS data, digital maps, and georeferenced images and video. It used by individuals and enterprises to access real-time, location-based information that helps in making informed decisions. The traditional mobile mapping systems are expensive due to the need for exclusive sensor components. The advent of mobile devices prepared with remote sensing and positioning abilities allowed the users to use the mapping applications for navigational purposes.
Mobile Mapping market report is segmented on the basis of product type, application and by regional & country level. Based upon product type, mobile mapping market is classified into ground survey, geometrics and Lidar. Based upon application, mobile mapping market is classified into real estate and construction, it and telecom and others.
The regions covered in this mobile mapping market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Mobile Mapping is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Mobile Mapping Companies:
Mobile Mapping market report covers prominent players are,
TomTom International BV
FARO Technologies Inc.
Huron Geomatics Inc.
3D Laser Mapping
Mitsubishi Electric Corporation
The Sanborn Map Company Inc
NGC Aerospace Ltd.
Mobile Mapping Market Dynamics –
The global mobile mapping market is witnessing substantial growth due to increasing adoption of mobile mapping devices, infrastructural development of telecommunication networks and adoption of mobile mapping technology for various applications are some of the primary factors driving the growth of global mobile mapping market. According to the GIM International, Geo-matching is the world’s major product platform for surveying, locating and machine guidance, listing more than 2,000 products from 500 producers and inviting more than 250,000 users in 2017. Mobile mapping equipment is one of Geo-matching’s most important sections, containing 52 products from 25 manufacturers. In mid-2017 and 2018, Geo-matching started paying extra special attention to mobile mapping systems, with direct achievement. Since September 2017 the number of page views has more than doubled. However, the data accuracy concerns associated with the mobile mapping technology is hindering the market growth. Furthermore, increasing complexity of mobile mapping tech has allowed extensive acceptance of the mobile mapping market and is expected to be the vital booster for the global mobile mapping market over the upcoming period.
Mobile Mapping Market Regional Analysis –
North America is dominating the mobile mapping market with the potential rate due to growing demand for mobile mapping technology in the transportation sector to facilitate high-precision mapping over long range, capture details regarding road barriers, analyze road surface, locating overhead wires, light poles, and signboards along with route assessment. According to the International Trade Administration (ITA), the transportation industry in the United States is highly competitive. By investing in this sector, multinational firms position themselves to better enable the flow of goods through the world’s largest consumer market. International and domestic businesses in this industry benefit from a highly skilled workforce and relatively low costs. United States Business Logistics Costs reached $1.6 trillion in 2018 (8 percent of GDP that year).
The Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period due to the increased adoption of smartphones, and growing demand for the survey of roads, bridges, land, and other public infrastructure in the Asian countries. In addition, Asia-Pacific is expected to witness a high demand for mobile mapping technology for land vehicle navigation, smart highway systems, and smart transport systems. According to the GSMA report, the smartphone adoption in India is likely to increase to 49 per cent by 2020 from 28 per cent in 2016. This will mainly be on account of growth in data usage which, in turn, will increase the demand for 3G and 4G data connections. However, smartphone adoption for India is lower compared to China.
Key Benefits for Mobile Mapping Market Reports –
Global Market report covers in depth historical and forecast analysis.
Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Market report helps to identify opportunities in market place.
Global Market report covers extensive analysis of emerging trends and competitive landscape.
Mobile Mapping Market Segmentation –
By Product Type: Ground Survey, Geomatics, LiDAR
By Application: Real Estate and Construction, IT and Telecom, Others
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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