Businessinsider: Mobile Mapping Market Size

Showing posts with label Mobile Mapping Market Size. Show all posts

Wednesday, April 13, 2022

Mobile Mapping Market Challenges, Opportunities, Market Entry Strategies, Key Manufacturers Analysis And Forecast To 2027 | COVID-19 Effects

Overview

The global mobile mapping market is projected to grow at a CAGR of 15.88% during the forecast period (2020-2026)

Market growth is fueled by the increasing demand for terrestrial mobile mapping for applications requiring roadside information such as transportation, telecommunication, emergency response, and engineering. Inaccuracies in data acquired by mobile mapping systems act as a major hindrance to market growth.

Segmental Analysis

Based on component, the global mobile mapping market is segmented into hardware, software, and services. The hardware segment is divided into cameras, sensors, laser scanners, others. The service segment is further bifurcated into professional and managed.

Based on solution, the global mobile mapping market is categorized into location based, indoor mapping, asset management, 3D mapping, and others

Based on application, the global mobile mapping market has been categorized into land survey, aerial surveys, bridge planning, and others.

Based on user type, the global mobile mapping market has been segmented into enterprises and individuals

Based on end-user, the global mobile mapping market has been segmented into agriculture, real estate & construction, energy & power, marine transport, manufacturing, aviation & aerospace, mining, IT & telecom, healthcare, media & entertainment, and others

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Regional Analysis

The geographic analysis of the mobile mapping market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America is expected to be the largest market for mobile mapping during the forecast period. North America has been segmented into three countries, namely, the US, Canada, and Mexico

The growing demand for mobile mapping technology in the transportation sector facilitates the need for high-precision mapping over long distances, capturing details regarding road barriers, analyzing road surfaces, locating overhead wires, light poles, and signboards, and the assessment of routes drives the market growth in the US. The Mobile Mapping Market Size in Canada is driven by the growing number of mobile mapping providers and investments from key market players in the country. The growing demand for GNSS (global navigation satellite system) data in Mexico drives the adoption of mobile mapping technology in the country.

Europe holds the second-largest share in the mobile mapping market. The mobile mapping market in the UK is growing due to the strong presence of key players and emerging enterprises offering mobile mapping solutions in the UK. The German mobile mapping market is driven by the growing number of applications for mobile mapping in surveying and indoor mapping in the country. The French mobile mapping market is booming due to the growing investments from key market players such as Google Inc. and Trimble Inc. for offering mobile mapping solutions to the French government and citizens. The Italian market is fueled by the growing demand for GNSS (Global Navigation Satellite System) data in the country. The increasing adoption of mobile mapping technology in Greece, Switzerland, Belgium, Russia, Poland, Turkey, Italy, Romania, and other European countries drives the market growth in the rest of Europe.

Asia-Pacific accounts for the third-largest share in the mobile mapping market. The growing advancements and market penetration of mobile mapping technology in China, Japan, India, Australia, New Zealand, South Korea, and Taiwan rapidly drive market growth in this region. Additionally, Asia-Pacific witnessed high demand for mobile mapping technology for land vehicle navigation, smart highway systems, and smart transport systems. Furthermore, there has been rapid growth in the number of mobile mapping applications for location-based services among countries in the region. Furthermore, the region has the presence of key market players that invest significantly in 3D mobile mapping technology in China, Japan, India, Singapore, Malaysia, Australia, and New-Zealand

The rest of the world holds the fourth-largest share in the mobile mapping market. The market in this region is at an early stage due to the presence of emerging economies and a lack of developed infrastructure. However, the market presents future growth and investment opportunities for key players due to the increasing demand for mobile mapping technology by the government, manufacturing, telecommunication, military & defense, oil & gas, and construction sectors. Furthermore, the market is expected to grow with an increasing number of emerging enterprises offering mobile mapping solutions in this region

Competitive Analysis

The key players operating in the global mobile mapping market include Trimble Inc (US), Mitsubishi Electric Corporation (Japan), Google (US), Pasco Corporation (Japan), The Sanborn Map Company Inc., Huron Geomatics Inc(Canada), Topcon Corporation (Japan), 3D Laser Mapping, Apple Inc. (US), NavVis, Telefonaktiebolaget LM Ericsson (Sweden), NGC Aerospace Ltd, FARCO Technologies Inc (US), Microsoft Corporation (US), Hexagon AB (Sweden), TomTom International BV (Netherlands), IGI GmbH (Germany), Hyper-Tech (Israel), and Gexcel (Italy)

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Mobile Mapping Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

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Wednesday, February 16, 2022

Mobile Mapping Market Key Findings, Future Insights, Market Revenue and Threat Forecast by 2027 | COVID-19 Effects

Market Analysis

Market Research Future (MRFR) projects the global mobile mapping market to expand at a 15.88 % CAGR from 2020 to 2027 (forecast period).

Mobile mapping systems are a precise method of collecting geospatial data from mobile vehicles. Depending on the end-use application, the system may include location sensors, laser scanners, LiDAR, radar-mounted digital cameras, or a variety of remote sensing devices installed on mobile platforms such as boats, SUVs, and all-terrain vehicles (ATVs). GIS data, digital maps, and georeferenced images and videos are the end product of such systems. One of the most important geospatial technologies today is 3D mobile mapping, which has the potential to alter the way environments are visualized, measured, analyzed, and catalogued. Land surveying, map creation, laser scanning, aerial surveys, facility/road management, and a variety of other applications rely on mobile mapping.

The growing adoption of novel technologies in map making and surveying, as well as the growing adoption of digital maps across numerous industrial verticals, is driving growth. The growing internet penetration and rise in connected devices such as smartphones, tablets, and interactive displays for the adoption of map-based applications are expected to accelerate in the near future.

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COVID-19 Impact on the Global Mobile Mapping Market

COVID-19 is an unprecedented global public health emergency that has affected almost every industry, with long-term effects expected to affect industry growth over the projected period.

Market Segmentation

The global mobile mapping industry has been segmented into component, solution, application, user type, and end-user.

By components, the global mobile mapping market has been divided into hardware, software, and services. The hardware segment captured the largest share of the global market. Hardware includes sensors and scanners.

By solution, the global mobile mapping market has been categorized into location-based, indoor mapping, asset management, 3D mapping, and others. The location-based solution segment earned the largest share of the global market.

Based on application, the global mobile mapping industry has been segmented into land surveys, aerial surveys, bridge planning, and others. The land survey segment captured the largest share of the global market.

By user type, the global mobile mapping industry has been segmented into enterprises and individuals. The enterprises segment earned the largest share of the global market.

Based on end-user, the global mobile mapping industry has been segmented into agriculture, IT & telecom, aviation & aerospace, real estate & construction, marine transport, manufacturing, mining, healthcare, media & entertainment, energy & power, and others.

Regional Analysis

Region-wise, the global mobile mapping market has been segmented into the Asia Pacific, North America, Europe, the Middle East & Africa, and South America.

In terms of market share, North America dominates the mobile mapping market. The presence of prominent competitors such as Apple Inc., Microsoft Corporation, and Google Inc. and their investments in the development of mobile mapping solutions across the US, Canada, and Mexico have resulted in considerable growth in the regional market. Europe has the second-largest market share in mobile mapping. Manufacturing, banking and financial services, government, real estate, telecommunications, and transportation have all seen tremendous expansion in the use of mobile mapping technology in the region.

Companies Covered

The key players operating in the worldwide mobile mapping market include Trimble Inc (US), Topcon Corporation (Japan), Mitsubishi Electric Corporation (Japan), Google (US), Huron Geomatics Inc(Canada), Pasco Corporation (Japan), Microsoft Corporation (US), The Sanborn Map Company Inc., 3D Laser Mapping, Apple Inc. (US), NavVis, TomTom International BV (Netherlands), Telefonaktiebolaget LM Ericsson (Sweden), NGC Aerospace Ltd, FARCO Technologies Inc (US), Hexagon AB (Sweden), IGI GmbH (Germany), Hyper-Tech (Israel), and Gexcel (Italy).

Summary

The global mobile mapping market is predicted to expand at a 15.88 % CAGR from 2020 to 2027 (forecast period). The increasing usage of novel technologies in map making and surveying, as well as the growing adoption of digital maps across numerous industrial verticals, is fueling growth. The growing internet penetration and rise in connected devices like smartphones, tablets, and interactive displays for the adoption of map-based apps are projected to propel in the near future.

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