openPR Logo
Press release

Mobile Mapping Market to grow at 15% CAGR to 2024 | By Key Vendors Google, Leica Geosystems part of Hexagon, Qualcomm, Topcon Positioning Systems, Inc., Trimble, Microsoft, PhaseOne, Apple, Baidu, Black & Veatch

02-09-2019 10:59 AM CET | IT, New Media & Software

Press release from: Technology Industry

Mobile Mapping Market to grow at 15% CAGR to 2024 | By Key Vendors

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.

Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/2652

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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Apple Inc.
• Aisan Technology
• Autonavi
• Baidu
• Black & Veatch
• Cycolmedia Technology B.V.
• EveryScape, Inc.
• Foursquare Labs, Inc.
• Google Inc.
• Land Surveys
• Leica Geosystems Inc.
• Mapquest
• Microsoft Corporation
• Mitsubishi Electric Corporation
• NAVTEQ Corp.
• NCTech
• NovAtel Inc.
• PASCO
• PhaseOne
• Pointgrey/ FLIR Integrated Imaging Solutions
• Qualcomm Inc.
• Sanborn
• Telecommunications Systems, Inc. (TCS)
• Teledyne Optech Incorporated
• TomTom International BV
• Topcon Positioning Systems, Inc.
• Trimble, Inc.

However, the data accuracy concerns associated with the mobile mapping technology are hindering the market growth. The primary basis of classification & abstraction in most of the GIS applications is based on the real-world phenomenon. In most of these applications, users have the option of deciding the amount of information to be used and their classification into multiple categories. Nevertheless, the users sometimes reduce the accuracy of the mobile applications by misclassifying the information into inappropriate categories.

Browse Full Report @ https://www.gminsights.com/industry-analysis/mobile-mapping-market

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.

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.

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.

Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/2652

The mobile mapping market has displayed a rapid growth over the past three-five years as the players operating in the market have attracted investments to capitalize and commercialize the technology. The players in the market are entering into strategic partnerships with other companies to increase the market share. For instance, in 2018, Phaseone industrial partnered with Aerialtronics DV, a developer of end-to-end aerial data capture solutions. This partnership is aimed at mitigating the risks associated with aerial data acquisition and pooling their resources together to develop new product offerings. Similarly, in 2016, Hexagon acquired SCCS, a leading supplier of Leica Geosystems for surveying the equipment in the UK. This will enable Hexagon to capitalize on the growing opportunities in the UK.

The major companies in the mobile mapping market are Hexagon, Foursquare Labs, Mapquest, Mitsubishi, NovAtel, Phaseone Industrial, Sharp Corporation, TomTom International, Topcon Positioning Systems, Teledyne, Optech, Phoenix LiDAR, NCTech, Microsoft, Navteq, MapJack, and EveryScape.

Browse Related Report:
Smart Electric Meter Market Size By Application (Residential {Single Family, Multi Family}, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}, Utility), By Technology (AMI {RF, PLC, Cellular}, AMR), By Phase (Single Phase, Three Phase) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, Italy, Sweden, Denmark, Austria, Spain, China, India, Japan, Australia, South Korea, Saudi Arabia, UAE, Oman, Kuwait, Iran, Lebanon, Egypt, South Africa, Nigeria, Brazil, Mexico, Uruguay, Argentina, Chile) Application Potential, Competitive Market Share & Forecast, 2018 – 2024

https://www.gminsights.com/industry-analysis/smart-electric-meter-market

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://solutionrocket.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Mobile Mapping Market to grow at 15% CAGR to 2024 | By Key Vendors Google, Leica Geosystems part of Hexagon, Qualcomm, Topcon Positioning Systems, Inc., Trimble, Microsoft, PhaseOne, Apple, Baidu, Black & Veatch here

News-ID: 1574380 • Views: 941

More Releases from Technology Industry

WAN Optimization Controller Report on Global and United States Market, Status an …
Market Research Hub includes new market research report "WAN Optimization Controller Report on Global and United States Market, Status and Forecast, by Players, Types and Applications 2017-22" to its huge collection of research reports. This report studies the WAN Optimization Controller market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States
Opportunities and Trends For VR-Ready TFT-LCD Panels
Market Research Hub includes new market research report "Opportunities and Trends For VR-Ready TFT-LCD Panels" to its huge collection of research reports. VR (Virtual Reality) sickness has been a major factor affecting the wide-scale adoption of VR HMD (Head Mounted Display) among users. So far, there has been a lot of conjecture about the causes of VR sickness and verification has been made. Among various solutions, the adoption of VR-ready TFT-LCD
Chinese Natural Language Data Processing: China Patent Deployment, Business Oppo …
Market Research Hub includes new market research report "Chinese Natural Language Data Processing: China Patent Deployment, Business Opportunity, and Challenge Analysis" to its huge collection of research reports. Request Free Sample Report - http://www.marketresearchhub.com/enquiry.php?type=S&repid=1135809 NLDP (Natural Language Data Processing) technology is a field of AI (Artificial Intelligence) and is widely used in smart technology applications such as smart customer service, smart retailing, chatbots, educational robots and domestic robots. By adopting NLDP technology,
Worldwide Major Mobile Phone Vendor Performance, 2Q 2017
Albany, New York, June 8, 2017: Market Research Hub includes new market research report "Worldwide Major Mobile Phone Vendor Performance, 2Q 2017" to its huge collection of research reports. The finding shows shipment volume of the global mobile phone industry reached 476.1 million units in the first quarter of 2017, up 3.4% year-on-year. Of mobile phones shipped, 367.9 million units were from smartphones, up 7.3% year-on-year. While Samsung stepped out

All 5 Releases


More Releases for CAGR

Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Locomotive Market : Research Observes Strong CAGR Development
The "Global Locomotive Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Locomotive Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Locomotive Market report, titled Locomotive Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020