Mobile Mapping Market Size By Component (Hardware [Imaging Device, Laser Ranging Device & Scanning Device, Positioning Device], Software [Mapping Data Extraction, Data Processing], Service [Consulting, Integration & Maintenance, Managed Service]), By Application (Road & Railway Survey, GIS Data Collection, Vehicle Control & Guidance, Asset Management), By End-User (Agriculture, BFSI, Government & Public Sector, Real Estate, Retail, Mining, Telecommunication, Transport & Logistics), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024
Published Date: Sep 2018 | Report ID: GMI2652 | Authors: Ankita Bhutani, Preeti Wadhwani
Mobile Mapping Market size estimated at USD 14 billion in 2017 and is anticipated to grow at a CAGR of more than 15% between 2018 and 2024 driven by increasing demand for terrestrial mobile mapping in telecommunication and transportation sector.
Mobile mapping has been widely used among the organizations for asset management, fleet management, construction, and maintenance of cable network. Earlier, the data was acquired by aerial photogrammetry methods. However, the process of acquiring the data via aerial photogrammetry is a very time-consuming and costly process. This encourages the organizations to opt for mobile mapping to acquire geospatial data. The low delivery time and low cost of mobile mapping as compared to the other methods are the factors that augment its demand in the mobile mapping market.
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The improved network connectivity and widespread adoption of maps across various mobile devices have fostered the mobile mapping market revenue. The advent of the 4G technology has improved the data transfer speeds significantly compared to the earlier generation’s 3G networks. The enhanced network connectivity has allowed users to efficiently access mapping solutions on their smartphones for navigational purposes.
However, the growing concerns regarding data accuracy of the technology have restricted the market growth. In GIS applications, the primary basis of classification and abstraction is based on the real-world phenomena. The users decide the amount of information to be used and its classification into various categories. Nevertheless, the users sometimes misclassify the information, reducing the accuracy of mobile mapping solutions.
|Base Year:||2017||Market Size in 2017:||14 Billion (USD)|
|Historical Data for:||2013 to 2017||Forecast Period:||2018 to 2024|
|Forecast Period 2018 to 2024 CAGR:||15%||2024 Value Projection:||40 Billion (USD)|
|Pages:||250||Tables, Charts & Figures:||379|
|Geographies covered (18):||U.S., Canada, UK, Germany, France, Italy, Spain, Australia & NZ, China, India, Japan, South Korea, Brazil, Mexico, Argentina, GCC, Israel, South Africa|
|Segments covered:||Component, Application, End-User and Region|
|Companies covered (28):||Apple Inc., Aisan Technology, Autonavi, Baidu, Black & Veatch, Cycolmedia Technology B.V., EveryScape, Inc., Foursquare Labs, Inc., Garmin International, Google Inc., Land Surveys, Leica Geosystems Inc., Mapquest, Microsoft Corporation, Mitsubishi Electric Corporation, NAVTEQ Corp., NCTech, NovAtel Inc., PASCO, PhaseOne, Pointgrey/ FLIR Integrated Imaging Solutions, Qualcomm Inc., Sanborn, Telecommunications Systems, Inc. (TCS), Teledyne Optech Incorporated, TomTom International BV, Topcon Positioning Systems, Inc., Trimble, Inc.|
|Pitfalls & Challenges:||
Market by Component
Hardware component segment accounted for over 60% of the global mobile mapping market revenue in 2017. It includes imaging devices, laser ranging & scanning devices, and positioning devices. An imaging device is the most used hardware component in the mobile mapping systems and accounts for over 40% share in the hardware market. This can be attributed to the technological advancements in the image recognition technology used in mobile mapping across construction, disaster management, and transportation sectors.
The software segment of the mobile mapping market will register gains at around 15% up to 2024. The growing demand for advanced location-based data extraction and processing software solutions for developing rich media mapping solutions is expected to facilitate the growth of the market. These software solutions provide highly precise mapping results for critical location-based data, allowing users to make informed decisions.
The services component is projected to grow at 15% CAGR during the forecast period. The need for effective integration between various interrelated technologies, such as GPS/GNSS systems, laser scanners, IMUs, and cameras, has driven the growth of the services market. The services ensure the smooth functioning of mobile mapping systems by offering customized service plans to the customers depending on the extent of their mapping requirements.
Market by Application
The GIS data collection segment accounts for over 70% market stake as mobile mapping solutions are widely used by the organizations to acquire GIS data. Mapping companies, such as Google, Apple, and Baidu, are heavily leveraging the mobile mapping solutions to acquire the georeferenced data and enhance the accuracy of their maps. The cost-effectiveness and the accuracy of mobile mapping are the primary factors, augmenting the demand among the organizations.
The vehicle control & guidance application of the mobile mapping market is anticipated to observe over 20% growth during the next few years. The shift toward autonomous vehicles has increased the demand for vehicle control and guidance technologies as they allow cars to map their surrounding environment in real-time. Furthermore, the development of electric vehicle and integration of the telematics and other advanced navigation technologies into the automotive also encourage the demand for the industry.
Market by End-User
The transport & logistics sector is dominating the mobile mapping market with a share of over 40%. The market growth is credited to high integration of the GPS and GNSS devices into automotive for gathering real-time geospatial data. Moreover, the rapid urbanization and increasing population have further increased the need for effective management services across the transport & logistic infrastructure. Hence, the transportation industry is embracing the GIS technology to effectively manage, plan, evaluate, and maintain transportation systems.
The real estate end-user segment held over 20% market share in 2017. The technology has been widely used in the real estate industry as it is inherently spatial in nature. It enables the professional to measure the true impact of locations to make informed decisions regarding brokerage, appraisal, and market analysis. Furthermore, the increasing applications of the mobile mapping technology to monitor assets and infrastructure such as roads, bridges, dams, and tunnels are propelling the mobile mapping market value.
Market by Region
The North American region is projected to maintain its leadership position in the industry with around 40% stake in 2017. The growth of the market share is attributed to the large-scale adoption of GPS, GNSS, and LiDAR among industry verticals to gather geospatial data. Moreover, the presence of tech giants, such as Google, Apple, and Microsoft, in the region also fosters the market growth. In addition, the proliferation of low-cost sensors and GPS-enabled mobile devices is estimated to drive the market revenue.
Asia Pacific mobile mapping market is set to attain a growth rate of more than 20% during the projected timeline. The market is driven by the growing demand for the geospatial data among the developing countries including India and China. Moreover, the increasing investments in the mapping technologies by the Chinese players Baidu and Autonavi also foster the market size.
Competitive Market Share
The mobile mapping industry has shown a rapid growth over the last decade. The companies in the market are forming strategic alliances and conducting fundraising activities to strengthen their product portfolio and expand their market share.
For instance, in 2018, Lecia Geosystems partnered with Aibotix and DJI to build new UAV mapping & surveying applications. Similarly, in 2016, Insta360 raised a fund of USD 8 million from Qiming Venture Partners, Thunder Network and IDG capital Partners. This funding was aimed at developing advanced mobile mapping technologies.
The key players in the mobile mapping market are Hexagon, EveryScape, Foursquare Labs, MapJack, Mapquest, Navteq, NCTech, Microsoft, Mitsubishi, NovAtel, Phaseone industrial, Phoenix LiDAR, Sharp Corporation, Teledyne Optech, Tom Tom International, Topcon Positioning Systems, and XIMEA.
The evolution of the mobile mapping technology has been driven by the advances in the digital imaging and direct georeferencing technologies. The growing technological advancements in internet mapping, satellite imaging, and personal navigation opened various research opportunities for the geospatial research communities. The advent of multi-sensor and multi-platform integrated technologies has accelerated the adoption of geospatial data acquisition systems.
Traditionally, the mobile mapping technology was restricted to the development of applications for detecting ground elements of exterior orientation. With the steady advancements in the satellite and inertial technologies, mobile mapping has found various applications to determine the orientation and time variable position parameters.
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