Press release
Mobile Mapping Market Growth Analysis 2018-2024 | Top Key Player - Microsoft Corporation, Google Inc, Apple Inc, Qualcomm Inc, Aisan Technology, Autonavi
North America dominates the mobile mapping market with more than 40% in 2017. This growth can be attributed to the widespread adoption of GNSS, GPS, and LiDAR technologies across various industry verticals to collect the geospatial data. In addition, the presence of major technological players, such as Apple, Google & Microsoft, in the region has further nurtured the market growth. The availability of low-cost sensors and GPS equipped mobile devices is expected to foster the market. Asia Pacific 3D printing market is expected to grow substantially with a CAGR of over 20% during the forecast timespan. The market is propelled by the rising demand for geospatial data among the emerging nations including India and China.
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The major companies in the mobile mapping market are Microsoft Corporation, Google Inc, Apple Inc, Qualcomm Inc, Aisan Technology, Autonavi, Baidu, Black & Veatch, Cycolmedia Technology B.V, EveryScape, Inc, Foursquare Labs, Inc, Garmin International, Land Surveys, Leica Geosystems Inc, Mapquest, Mitsubishi Electric Corporation, NAVTEQ Corp., NCTech, NovAtel Inc., PASCO, PhaseOne, Pointgrey/ FLIR Integrated Imaging Solutions, Sanborn, Telecommunications Systems, Inc. (TCS), Teledyne Optech Incorporated, TomTom International BV, Topcon Positioning Systems, Inc, Trimble, Inc.
The mobile mapping technology is used across various sectors for collecting the GIS data. It accounts for over 70% of the total market revenue. The mapping solution providers, such as Apple, Google, and TomTom, are leveraging on the mobile mapping technology to collect georeferenced data and increase the precision of their maps. The vehicle control & guidance market is projected to grow at a CAGR of over 20% over the forecast period. This growth can be credited to the growing demand for autonomous driving solutions as they enable the vehicles to map their surroundings in real-time.
The software market is expected to grow at a CAGR of over 15% between 2018 and 2024. The software market includes data extraction and data processing applications. The data processing applications are used to store the data received through the GPS, IMU, and laser scanners into a single integrated database and combine spatial data with various measurements and attributes. The services market is anticipated to a register a growth rate of over 15% over the projected time period. This can be attributed to its growing awareness of mobile mapping technology in several verticals such as BFSI, retail, and logistics.
Hardware sector is leading the mobile mapping market landscape with over 60% share. The market is driven by the growing demand for laser ranging and scanning devices across the globe. The laser ranging and scanning devices market is estimated to grow at a CAGR of over 15% over the projected time frame. This growth can be attributed to the growing adoption of laser scanners as they are easy to operate across demanding environments. The positioning devices are also estimated to grow at a rapid pace due to their widespread adoption among the automotive sector for navigation and driving assistance purposes.
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Mobile Mapping Market is estimated to be over USD 14 billion in 2017 and is expected to grow at a CAGR of over 15% over the projected period. The market is driven by the increasing adoption of smartphones and other mobile devices. The traditional mobile mapping systems are expensive due to the need for expensive sensor components. The advent of mobile devices equipped with remote sensing and positioning capabilities allowed the users to use the mapping applications for navigational purposes. Over the past decade, there has been a significant increase in the number of mobile phone users using navigational applications to get instant driving directions. Many users are also using the mapping services for non-driving directions such as walking, public transportation, and cycling. This has encouraged the mapping companies to acquire GIS data maps for various location-based services across the globe to enhance the customer experience.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Mobile Mapping Industry Insights
Chapter 4. Competitive Landscape
Chapter 5. Mobile Mapping Market, By Component
Chapter 6. Mobile Mapping Market, By Application
Chapter 7. Mobile Mapping Market, By End-use
Chapter 8. Mobile Mapping Market, By Region
Chapter 9. Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/mobile-mapping-market
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