Smartphone Penetration Globally is Likely to Expand by 20% between 2017 and 2025 is Projected to Strengthen the Mobile Mapping Market Growth

According to a recently published report by Research Nester titled Mobile Mapping Market : Global Demand Analysis & Opportunity Outlook 2027delivers detailed overview of mobile mapping market in terms of market segmentation by hardware, by software, by service, by application, by end-user and by region.

The market is segmented by hardware into imaging device, laser ranging device & scanning device, positioning device; by software into mapping data extraction, data processing; by service into consulting, integration & maintenance, managed service; by application into road & railway survey, GIS data collection, vehicle control & guidance, asset management. Furthermore, the market is also segmented based on the end-user into agriculture, BFSI, government & public sector, real estate, retail, mining, telecommunication, transport & logistics and by region.

Rising application of mobile devices with enhanced network connectivity and increasing growth for mapping analytics are some of the major growth drivers for the global mobile mapping market. Extensive adoption of mobile maps across various smart devices has raised the growth of mobile mapping market. The 4G technology has improved the data transfer speeds expressively compared to the earlier generation’s 3G networks. The boosted network connectivity has allowed users to resourcefully access mapping solutions on their smartphones for direction-finding purposes.

On the basis of regional analysis, the mobile mapping market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America market is anticipated to capture the largest market share in the mobile mapping market owing to implementing mobile mapping software and solutions for various industry verticals such as government, banking & financial services, manufacturing, real estate, telecommunication, and transportation. With emerging technologies in the telecommunication, market of North America is expected to observe a substantial to capture significant revenue share by 2027.

Geospatial Data

Over the past twenty years, the demand for geo-spatial data has surged exponentially which is a key factor behind the growth of mobile mapping market. While geo-spatial data can be obtained via several sources, data which is more accurate, has higher density, is rapidly produced, and acquired in a less expensive manner is most sought after. These systems integrate into remote sensing technologies that allows mapping even from the moving vehicle.

Growing Use of Smartphones

As smartphones become ubiquitous and sophisticated, mobile phone manufacturers are increasingly equipping them with global positioning system (GPS) capabilities. Today, most smartphones are considered the most widespread platform equipped with low-cost GPS receiver and motion sensors, which provides the location of the user within few meters of accuracy.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of mobile mapping market includes Trimble Navigation Limited, Mitsubishi Electric Corporation, MK surveys, PASCO, Horus Sanborn, NGC Aerospace International Ltd, Aisan Technology, Land Surveys, Renishaw, WSP, NovAtel Inc., Javad GNSS Inc., Leica Geosystems AG, TomTom International BV, Teledyne Optech and other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the mobile mapping market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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