Mobile Mapping Market worth over $40bn by 2024

Mobile Mapping Market size is set to exceed USD 40 billion by 2024; according to a new research report by Global Market Insights, Inc.
 

The market growth is propelled by increasing adoption of mobile devices such as smartphones and tablets across the globe. Smartphone users are extensively using mapping applications on their devices for navigation and driving assistance. Furthermore, they are also leveraging on the GIS and GPS applications to access geo-referenced data for searching nearby restaurants, cinema halls, and other landmarks. This is encouraging the technology companies to commence mapping across the globe to acquire accurate GIS data and provide an enhanced customer experience.

 

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The high initial investment is a major factor limiting the mobile mapping market demand. Currently, the market comprises a few major players with a long-standing expertise in location-based technologies. The high initial investments in developing mobile mapping systems and assembling major components have restricted the entry of new players in the market.
 

Mobile Mapping Market

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The software component segment is predicted to witness substantial gains in the coming years . The growing demand for geo-referenced data acquisition and data analysis software among the organizations is driving the market value. The software assists organizations in simplifying the data extraction process by combining the vital details. It retrieves geographic and spatial data captured by the positioning devices to develop maps and other graphic displays. This data is also used by enterprises to build effective decision support systems, which will drive the market growth.
 

Browse key industry insights spread across 250 pages with 341 market data tables & 38 figures & charts from the report, “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 (U.S., Canada, UK, Germany, France, Italy, Spain, Australia & NZ, China, India, Japan, South Korea, Brazil, Mexico, Argentina, GCC, Israel, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/mobile-mapping-market
 

The mobile mapping technology is used for conducting road & rail surveys, collecting GIS data, and developing vehicle control & guidance systems and asset management systems. The road & rail survey market is expected to register a growth rate of over 17% up till 2024. It is used to analyze the road & rail infrastructure and plan the engineering operations with minimum disruptions. The surveying authorities across the globe are using mobile mapping technology to create maps for the transportation department for road assessment purposes.
 

The agriculture sector is estimated to grow at a CAGR of 22% during the forecast timeline. The integration of the GPS and GNSS devices into the farming process to acquire geospatial data is the primary factor driving the market growth. Furthermore, the ability of the mobile mapping technology to monitor the crop yield and land variability also augments the demand for the technology among the farmers.
 

The European region accounted for over 25% global mobile mapping market share in 2017. The increasing investments by the government agencies have accelerated the adoption of mobile mapping technology in the region. For instance, in 2017, the UK government established the Geospatial Data Commission to frame a strategy for using the public sector location data to support the country’s growth.
 

The Asia Pacific region will grow at a rapid pace over the forecast timespan. The rapid urbanization of the region and the growing number of infrastructural projects have fostered the growth of the market in the region. Moreover, the widespread adoption of smartphones has also driven the market revenue.
 

The prominent players operating in the market are Phoenix LiDAR, Sharp Corporation, Teledyne Optech, TomTom International, Topcon Positioning Systems, MapJack, Mapquest, Navteq, NCTech, Microsoft, Mitsubishi, NovAtel, Phaseone industrial, Hexagon, EveryScape, Foursquare Labs, and XIMEA.
 

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The mobile mapping market research report includes an in-depth coverage of the industry with estimates & forecast revenue in USD respectively from 2013 to 2024, for the following segments:
 

By Component

  • Hardware
    • Imaging device
    • Laser ranging and scanner device
    • Positioning device
  • Software
    • Mapping data extraction
    • Data processing
  • Service
    • Consulting
    • Integration & maintenance
    • Managed

By Application

  • Road & railway survey
  • GIS data collection
  • Vehicle control & guidance
  • Asset management

By End-User

  • Agriculture
  • BFSI
  • Government & public sector
  • Real estate & infrastructure
  • Retail
  • Mining
  • Telecommunication

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
  • Asia Pacific
    • ANZ
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • GCC
    • South Africa
    • Israel
       

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