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Mobile Mapping Market

Segmentation By Hardware (Imaging Device, Laser Ranging Device & Scanning Device, Positioning Device); By Software (Mapping Data Extraction, Data Processing); By Service (Consulting, Integration & Maintenance, Managed Service); By Application (Road & Railway Survey, GIS Data Collection, Vehicle Control & Guidance, Asset Management); By End-User; By Region – Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 1511 | Published On: Feb 02, 2023
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Growth Drivers

Geospatial Data

Over the past two decades, the demand for geo-spatial data has surged exponentially acting as 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 and has higher density. These systems integrate into remote sensing technologies that also allows mapping from the moving vehicle. Additionally, this will allow user to obtain the 3D coordinates of their desired location which is estimated to foster the growth of the market.

Growing Use of Smartphones

As smartphones are becoming ubiquitous and sophisticated, mobile phone manufacturers are increasingly equipping them with global positioning system (GPS) capabilities. The smartphones are considered the most widespread platform equipped with low-cost GPS receiver and motion sensors offering the location of the user within few meters of accuracy. Further, increasing number of web developers is anticipated to boost the market growth over the forecast period.

 Restraints

Accuracy

The growing concern regarding the data accuracy of the technology have restricted the mobile mapping market growth. In GIS technology, the primary basis of classification and abstraction is based on the real world phenomenon. The users often misclassify the information and results in reducing the accuracy of mobile mapping solutions. This is one of the reasons restraining the market growth. However, smartphone-based telematics services are anticipated to gain popularity due to their relatively lower cost. Further, smaller roads and absence of road connectivity are amidst the key factors which is restraining the growth of mobile mapping market across the globe.


Mobile Mapping Graph
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Market Size and Forecast
cscs

The mobile mapping market is anticipated to record a CAGR of around 14.46% over the forecast period. 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. Further, the market can be segmented by application into road & railway survey, GIS data collection, vehicle control & guidance, asset management; by end-user into agriculture, BFSI, government & public sector, real estate, retail, mining, telecommunication, transport & logistics. Imaging device segment is expected to acquire the largest market share owing to the technological advancements in the image recognition technology used in mobile mapping across various sectors such as construction, transportation sectors and disaster management.

Mobile Mapping Graph

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Market Segmentation

Our-in depth analysis of the mobile mapping market includes the following segments:

By Hardware

  • Imaging Device
  • Laser Ranging Device
  • Scanning Device
  • Positioning Device

 By Software

  • Mapping Data Extraction
  • Data Processing

 By 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

By Region

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 hold the largest 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, North America region is expected to capture significant revenue share by 2027.

The mobile mapping market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


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Top Featured Companies Dominating the Market

    • Novtel
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • 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
    •  Immersive Media Company
    •  Garmin International
    •  Google Corporation
    •  Topcon Positioning Systems
    •  Other Prominent Players

In The News

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

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