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What’s driving the mobile mapping market trends? | Hexagon, Foursquare Labs, Mapquest, Mitsubishi, NovAtel, Phaseone Industrial, Sharp Corporation, TomTom International, Topcon Positioning Systems, Teledyne, Optech, Phoenix LiDAR, NCTech, Microsoft, Nav

07-02-2019 12:40 PM CET | IT, New Media & Software

Press release from: Global Market Insights Inc.

What’s driving the mobile mapping market trends? | Hexagon,

The mobile mapping market 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 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 mobile mapping market is propelled by the rising demand for geospatial data among the emerging nations including India and China.

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However, the data accuracy concerns associated with the mobile mapping market 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.

Company profiles
• 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

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 market in several verticals such as BFSI, retail, and logistics.
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.

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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.

Chapter 3. Mobile Mapping market Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Mobile mapping industry landscape
3.4. Features/benefits of mobile mapping systems
3.5. Evolution of mobile mapping technology
3.6. Mobile statistics (Jan 2017)
3.6.1. Unique mobile user penetration and national internet penetration
3.6.2. Smartphone unit shipment (2016)
3.7. Industry ecosystem analysis
3.8. Technology and innovation landscape
3.8.1. 3D laser mapping
3.8.2. Technological innovation in wearable smart devices
3.9. Regulatory landscape
3.9.1. FGDC National Standard for Spatial Data Accuracy (NSSDA) 1996 (U.S.)
3.9.2. National Digital Elevation Program (NDEP) Guidelines (2004)
3.9.3. General Data Protection Regulation (GDPR) (Europe)
3.9.4. Infrastructure for Spatial Information in Europe (INSPIRE) Directive (2007)
3.9.5. Surveying and Mapping Law of the People's Republic of China (1992)
3.9.6. Japan Profile for Geographic Information Standards (JPGIS)
3.10. Mobile mapping industry impact forces
3.10.1. Growth drivers
3.10.1.1. Increasing demand for terrestrial mobile mapping in telecommunication and transportation
3.10.1.2. Increasing penetration of mobile devices
3.10.1.3. Increasing investment in city planning and smart city projects
3.10.1.4. Improved network connectivity
3.10.2. Industry pitfalls and challenges
3.10.2.1. Concerns regarding data accuracy
3.10.2.2. Initial high investment
3.11. Growth potential analysis
3.12. Porter’s analysis
3.13. PESTEL analysis

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

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.

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GPU as a Service Market Size By Product (Software [Computer-aided Design (CAD)/ Computer-aided Manufacturing (CAM), Simulation, Imaging, Digital Video, Modeling and Animation], Services [Managed Services, Updates & Maintenance, Compliance & Security]), By Application (Gaming, Design and Manufacturing, Automotive, Real-estate, Healthcare), By Service Model (SaaS, IaaS, PaaS), By Delivery Model (Public, Private, Hybrid), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Spain, France, Italy, China, India, Japan, South Korea, Australia, Brazil, Mexico, GCC, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025

https://www.gminsights.com/industry-analysis/gpu-as-a-service-market

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

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.

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