Mobile Mapping Market Key Findings, Future Insights, Market Revenue and Threat Forecast by 2030

Overview

The global mobile mapping market is projected to grow at a CAGR of 12.31% and USD 66.21 Billion during the forecast period (2020-2030)

Market growth is fueled by the increasing demand for terrestrial mobile mapping for applications requiring roadside information such as transportation, telecommunication, emergency response, and engineering. Inaccuracies in data acquired by mobile mapping systems act as a major hindrance to market growth.

Regional Analysis

The geographic analysis of the mobile mapping market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America is expected to be the largest market for mobile mapping during the forecast period. North America has been segmented into three countries, namely, the US, Canada, and Mexico

The growing demand for mobile mapping technology in the transportation sector facilitates the need for high-precision mapping over long distances, capturing details regarding road barriers, analyzing road surfaces, locating overhead wires, light poles, and signboards, and the assessment of routes drives the market growth in the US. The Mobile Mapping Market Growth in Canada is driven by the growing number of mobile mapping providers and investments from key market players in the country. The growing demand for GNSS (global navigation satellite system) data in Mexico drives the adoption of mobile mapping technology in the country.

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Europe holds the second-largest share in the mobile mapping market. The mobile mapping market in the UK is growing due to the strong presence of key players and emerging enterprises offering mobile mapping solutions in the UK. The German mobile mapping market is driven by the growing number of applications for mobile mapping in surveying and indoor mapping in the country. The French mobile mapping market is booming due to the growing investments from key market players such as Google Inc. and Trimble Inc. for offering mobile mapping solutions to the French government and citizens. The Italian market is fueled by the growing demand for GNSS (Global Navigation Satellite System) data in the country. The increasing adoption of mobile mapping technology in Greece, Switzerland, Belgium, Russia, Poland, Turkey, Italy, Romania, and other European countries drives the market growth in the rest of Europe.

Asia-Pacific accounts for the third-largest share in the mobile mapping market. The growing advancements and market penetration of mobile mapping technology in China, Japan, India, Australia, New Zealand, South Korea, and Taiwan rapidly drive market growth in this region. Additionally, Asia-Pacific witnessed high demand for mobile mapping technology for land vehicle navigation, smart highway systems, and smart transport systems. Furthermore, there has been rapid growth in the number of mobile mapping applications for location-based services among countries in the region. Furthermore, the region has the presence of key market players that invest significantly in 3D mobile mapping technology in China, Japan, India, Singapore, Malaysia, Australia, and New-Zealand

The rest of the world holds the fourth-largest share in the mobile mapping market. The market in this region is at an early stage due to the presence of emerging economies and a lack of developed infrastructure. However, the market presents future growth and investment opportunities for key players due to the increasing demand for mobile mapping technology by the government, manufacturing, telecommunication, military & defense, oil & gas, and construction sectors. Furthermore, the market is expected to grow with an increasing number of emerging enterprises offering mobile mapping solutions in this region

Competitive Analysis

The key players operating in the global mobile mapping market include Trimble Inc (US), Mitsubishi Electric Corporation (Japan), Google (US), Pasco Corporation (Japan), The Sanborn Map Company Inc., Huron Geomatics Inc(Canada), Topcon Corporation (Japan), 3D Laser Mapping, Apple Inc. (US), NavVis, Telefonaktiebolaget LM Ericsson (Sweden), NGC Aerospace Ltd, FARCO Technologies Inc (US), Microsoft Corporation (US), Hexagon AB (Sweden), TomTom International BV (Netherlands), IGI GmbH (Germany), Hyper-Tech (Israel), and Gexcel (Italy)

Segmental Analysis

Based on component, the global mobile mapping market is segmented into hardware, software, and services. The hardware segment is divided into cameras, sensors, laser scanners, others. The service segment is further bifurcated into professional and managed.

Based on solution, the global mobile mapping market is categorized into location based, indoor mapping, asset management, 3D mapping, and others

Based on application, the global mobile mapping market has been categorized into land survey, aerial surveys, bridge planning, and others.

Based on user type, the global mobile mapping market has been segmented into enterprises and individuals

Based on end-user, the global mobile mapping market has been segmented into agriculture, real estate & construction, energy & power, marine transport, manufacturing, aviation & aerospace, mining, IT & telecom, healthcare, media & entertainment, and others

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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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