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Mobile Mapping Market 2019-2024 | Exponential Growth from Software Segment | Top Key Players Hexagon, Foursquare Labs, Mapquest, Mitsubishi, NovAtel, Phaseone Industrial, Sharp Corporation, TomTom International
Mobile Mapping Market
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Mobile Mapping Market based on mobile mapping technology, which 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. Mobile Mapping Market growth can be credited to the growing demand for autonomous driving solutions as they enable the vehicles to map their surroundings in real-time.
However, the data accuracy concerns associated with the mobile mapping technology are hindering the mobile mapping 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.
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.
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 mobile mapping market is propelled by the rising demand for geospatial data among the emerging nations including India and China.
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.
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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.
Glimpse of Table of Content (ToC)
Chapter 6. Mobile Mapping Market, By Application
6.1. Key trends, by technology
6.2. Asset management
6.2.1. Market estimates and forecast, 2013 - 2024
6.2.2. Market estimates and forecast, by region, 2013 - 2024
6.3. Vehicle control and guidance
6.3.1. Market estimates and forecast, 2013 - 2024
6.3.2. Market estimates and forecast, by region, 2013 - 2024
6.4. GIS data collection
6.4.1. Market estimates and forecast, 2013 - 2024
6.4.2. Market estimates and forecast, by region, 2013 - 2024
6.5. Road & railroad surveys
6.5.1. Mobile mapping market estimates and forecast, 2013 - 2024
6.5.2. Market estimates and forecast, by region, 2013 - 2024
6.6. Others
6.6.1. Market estimates and forecast, 2013 - 2024
6.6.2. Market estimates and forecast, by region, 2013 - 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/mobile-mapping-market
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