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Mobile Mapping Market Analysis
- Report ID: GMI2652
- Published Date: Feb 2023
- Report Format: PDF
Mobile Mapping Market Analysis
The mobile mapping market from the software segment is poised to attain 20% gains during 2023 to 2032, owing to the surging demand for advanced location-based data extraction, processing and post-processing software solutions for feature-rich map construction is pushing product espousal. In September 2022, Trimble Company, an industrial technology firm, expanded its GIS data collection software with the introduction of the new Trimble Terra Premium edition with GNSS Correction services.
The industry size from the mapping data extraction software segment is primed to reach USD 25 billion by 2032. Enterprises leverage valuable information to visualize the data and create efficient decision support systems. With the widespread use of mobile mapping applications across varied sectors, companies are creating appropriate tools to streamline the data extraction process. For example, Astera’s ReportMiner, a data extraction solution introduced in June 2022, enables users to extract data from various file formats.
The mobile mapping market from transport & logistics application captured 35% revenue share in 2022. The transportation industry is strongly dependent on GIS technology, mainly driven by the increasing number of vehicles, to efficiently manage, plan, assess and maintain transportation systems, which is fueling the market revenue. In December 2022, DTDC, India’s largest logistics firm, partnered with what3words, a geocode system services provider, for its location technology that allows customers to add their address for easy & quick deliveries.
The industry revenue from road & railway surveys segment registered USD 3 billion in 2022. Extensive use of vehicle-mounted laser and image measurement equipment for effective rail network mapping is encouraging market players to offer cutting-edge mobile mapping systems for railway survey procedures.
The North America mobile mapping market is estimated to amass USD 35 billion by 2032, due to the widespread use of inexpensive sensors and GPS-enabled mobile computing devices. In November 2022, Velodyne Lidar Inc., a lidar technology firm, inked a partnership agreement with GreenValley International to offer LiDAR sensor for 3D mapping, including areas that were inaccessible with GPS. Additionally, the escalating demand for cutting-edge technologies in transportation systems, such as GNSS, has further pushed the regional business overview.
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Mobile Mapping Market Scope
