Press release
Global Mobile Mapping Systems Market Astonishing Growth with Top Influencing Key Players like Google Inc., Leica Geosystems AG, Trimble Inc
Latest research on Global Mobile Mapping Systems Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Global Mobile Mapping Systems market. This report included a special section on the Impact of COVID19. Also, Global Mobile Mapping Systems Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment's outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Global Mobile Mapping Systems industry.The market for global mobile mapping systems was valued at USD 21.3 billion in 2020 and is expected to reach a market value of USD 63.32 billion by 2026, and grow at a CAGR of 22% over the forecast period (2021 - 2026).
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The Global Mobile Mapping Systems market is highly competitive and consists of a number of major players. Top Companies like Google Inc., Leica Geosystems AG, Trimble Inc., Topcon Corporation, NovAtel Inc., Javad GNSS Inc., Teledyne Optech, Mitsubishi Corporation, Immersive Media Co., MapJack, Cyclomedia Technology B.V., Tele Atlas Survey BV
Industry News And Developments:
- August 2019 - Mitsubishi Electric Europe B.V.established the High Precision Positioning Systems Division at its German Branch headquarters in Germany. The new division offers key technologies such as Mobile Mapping System (MMS) and the high-precision AQLOC positioning receiver with centimeter-level accuracy for applications in road and utility vehicles, harbors, drones and the agricultural sector.
Regional Analysis:
Furthermore, to broaden the understanding, researchers have studied the global Global Mobile Mapping Systems market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.
Global Mobile Mapping Systems Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.
Scope of the Report
- Integration with all types of vehicles is the major driving factor. Demand for geospatial data has numerous sources and takes many forms, but it is an ever-increasing demand for geospatial data, which is more accurate and of higher density. With new techniques coming into adoption, mobile mapping system such as vehicle-borne laser mapping system are beginning to be used for road mapping. Companies are developing land-based mobile mapping systems to overcome the drawbacks. Mobile mapping offers benefits such as reduction in both the time and cost of data collection.
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Key Market Trends
Military Segment to Dominate the Market
- Military and defense applications are one of the largest end-user segments of mobile mapping systems globally. The growth in the sector is highly dedicated to security and surveillance applications that form some of the core functionalities and applications of any defense organizations.
- In 2018,Geodetics expanded their mobile mapping product portfolio by developing an UAV drone with emphasis on requirements vital for the defense industry:
- TRX developed the NEON System which operates on an Android End User Device, to deliver location and mapping denied areas such as urban areas, buildings, caves and densely forested areas. NEON allows military personnel to navigate, delivering improved situational awareness, and supporting mapping of signal and sensor data.
North America to Occupy Major Market Share
- North America market is growing due to presence of major vendors investing in this region. For instance, in June 2019, -Mitsubishi Electric US, Inc. launched a Space & Sensing Systems division at its Cypress, CA headquarters.The division will sell the company's Mobile Mapping System (MMS) and centimeter-level high-accuracy positioning receiver (AQLOC).
- RIEGL offers VMX-2HA lidar sensor which has the ability ability to log data at a very high rate, up to 24 frames per second. It helps in high detail information capture, particularly at pavement level.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: Global Mobile Mapping Systems Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
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