PUBLISHER: The Business Research Company | PRODUCT CODE: 1392782
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392782
“Mobile Mapping Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on mobile mapping market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for mobile mapping? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The mobile mapping market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Mobile mapping involves the collection of geographical data using a mobile vehicle equipped with various sensing devices such as lasers, GNSS (Global Navigation Satellite System), LiDAR (Light Detection and Ranging) systems, radar, and photographic equipment. These devices capture georeferenced data points, allowing for the construction of accurate three-dimensional digital elevation models (DEMs) or digital terrain models when combined with positioning equipment. Mobile mapping is commonly employed in vehicles like cars, drones, and boats to collect geospatial data.
The main types of mobile mapping applications include 3D mapping, licensing, indoor mapping, location-based services, and location-based search. 3D mapping involves profiling objects in three dimensions to create maps of the real-world environment. Components of mobile mapping systems include hardware, software, and services, and these systems find applications in road surveys, topographic mapping, 3D modeling, asset management, and various other uses. Industries such as oil and gas, real estate, telecommunications, manufacturing, transportation and logistics, energy and utilities, and others utilize mobile mapping for diverse applications.
The mobile mapping market research report is one of a series of new reports from The Business Research Company that provides mobile mapping market statistics, including mobile mapping industry global market size, regional shares, competitors with a mobile mapping market share, detailed mobile mapping market segments, market trends and opportunities, and any further data you may need to thrive in the mobile mapping industry. This mobile mapping market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The mobile mapping market size has grown rapidly in recent years. It will grow from $40. 73 billion in 2023 to $47. 8 billion in 2024 at a compound annual growth rate (CAGR) of 17. 4%. The growth observed in the historic period can be attributed to factors such as the use of mobile mapping in transportation and navigation applications, infrastructure development projects, asset management and inventory purposes, increasing demand for 3D mapping, and initiatives related to urbanization and smart cities.
The mobile mapping market size is expected to see rapid growth in the next few years. It will grow to $95. 17 billion in 2028 at a compound annual growth rate (CAGR) of 18. 8%. The anticipated growth in the forecast period can be attributed to factors such as the increasing use of mobile mapping in environmental monitoring and conservation efforts, precision agriculture applications, indoor mapping and navigation solutions, tourism and location-based services, as well as humanitarian aid and disaster response initiatives. Additionally, the demand for customized mapping solutions is expected to contribute to the growth. Major trends expected in the forecast period include the integration of LiDAR technology, advancements in sensor technologies, increased adoption of 3D mapping techniques, real-time data capture and processing capabilities, and the use of cloud-based mapping services. These trends are likely to enhance the capabilities and applications of mobile mapping in various industries and sectors.
The anticipated growth of smart city projects is set to drive the expansion of the mobile mapping market. Smart city initiatives involve the utilization of IoT and networking to enhance urban living through various means, including smart traffic lights, data-driven energy efficiency programs, electric vehicle charging stations, and interactive kiosks. Mobile mapping plays a crucial role in the integration of all aspects of city planning and management, facilitating coordination and synergistic functioning among different participants in the smart city ecosystem. For example, the Ministry of Housing and Urban Affairs in India reported a total of 7,947 smart city projects as of November 2023, with 6,196 completed projects and 1,751 ongoing projects. Therefore, the proliferation of smart city projects is a key driver for the mobile mapping market.
The anticipated growth in infrastructure investments is poised to contribute to the expansion of the mobile mapping market. Infrastructure, essential for the proper functioning of societies or companies, benefits significantly from mobile mapping technology, offering precise and up-to-date geographic information for various infrastructure-related operations, from design to maintenance. In 2022, the USAFACTS reported that the federal government allocated $36. 6 billion for infrastructure, with $94. 5 billion distributed to states. Thus, the increasing investments in infrastructure projects are propelling the mobile mapping market.
In the mobile mapping market, new product innovations are emerging as a prominent trend. Major companies in the sector are directing their efforts toward introducing innovative products to enhance their market position. For instance, Topcon Corporation, a Japanese manufacturer of optical equipment, launched the IP-S3, the latest edition 3D mobile mapping system in April 2022. This system, smaller and lighter than previous models, offers up to five times faster scanning and integrates an Inertial Measurement Unit (IMU) and GNSS receiver with a vehicle's onboard electronics to provide high-density mobile digital photography. The accompanying software suite facilitates an all-in-one processing workflow, transforming raw sensor data into precise point clouds and images.
Strategic partnerships are being embraced by major companies in the mobile mapping market to address the growing demand. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits and success. For example, Vecow Co., Ltd., a Taiwan-based embedded systems provider, partnered with Kudan, a Japan-based provider of real-time simultaneous localization and mapping (SLAM) software, in July 2023. This collaboration aims to combine Kudan's expertise in commercial-grade SLAM software technology with Vecow's strengths in AI computing systems and innovation in time synchronization technology, enhancing accuracy, robustness, and reliability for outdoor autonomous mobility and mobile mapping applications.
In April 2021, Snap Inc., a US-based camera and social media company, acquired Pixel8earth for $7. 6 million. This acquisition positions both companies to develop tools compatible with Snap's location-based augmented reality experiences, similar to the Local Lenses. Pixel8earth, a US-based company specializing in mobile mapping, provides 3D mapping technology.
Major companies operating in the in the mobile mapping market report are Apple Inc., Trimble Geospatial, TomTom N. V., Mitsubishi Electric Corporation, Topcon Positioning Systems Inc., NovAtel Inc., Garmin Ltd., Google LLC, Immersive Media Inc., Microsoft Corporation, Qualcomm Incorporated, Telefonaktiebolaget LM Ericsson, Leica Geosystems, FARO Technologies Inc., Trimble Inc., Hexagon AB, NGC Aerospace Ltd., IGI GmbH, Huron Geomatics Inc., The Sanborn Map Company Inc., Javad GNSS Inc., Teledyne Optech, Imajing SAS, Cyclomedia Technology BV, INRIX Inc., Baidu Inc., Black and Veatch, Four Square Labs, MapQuest, Telecommunication Systems, Foursquare Labs, Qualcomm Atheros, Mapbox, Esri
North America was the largest region in the mobile mapping market in 2023. The regions covered in the mobile mapping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the mobile mapping market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The mobile mapping market includes revenues earned by entities providing data acquisition, georeferencing, measurement, and GIS processing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.