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Global Mobile Mapping Market Report 2023: Size, Market Share, Analysis, Regional Outlook, Growth Trends, Key Players, And Competitive Strategies Forecast To 2032
Mobile Mapping Global Market
The Business Research Company's Mobile Mapping Global Market Report 2023 identifies Growing investments in smart city projects as the major driver for the Mobile Mapping market's growth in the forecast period. Smart city projects refer to leveraging IoT and networking to make urban living more efficient and convenient through everything from smart traffic lights and data-driven energy efficiency schemes, to electric vehicle charging stations and interactive kiosks that offer free broadband. Mobile mapping is helpful in integrating all aspects of city planning and management, coordination, and synergistic functioning of different participants of the smart city ecosystem.
The global mobile mapping market size grew from $35.35 billion in 2022 to $41.82 billion in 2023 at a compound annual growth rate (CAGR) of 18.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The mobile mapping market size is expected to grow to $81.44 billion in 2027 at a CAGR of 18.1%.
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Major competitors in the Mobile Mapping market are Apple Inc., Trimble Geospatial, TomTom N.V., Mitsubishi Electric Corporation, Topcon Positioning Systems Inc., NovAtel Inc., Garmin Ltd., Google, Immersive Media Inc., Microsoft Corporation, Qualcomm, Telefonaktiebolaget LM Ericsson, Leica Geosystems, FARO Technologies Inc., and Trimble Inc.
A key trend in the Mobile Mapping market includes New product innovations. Major companies operating in the mobile mapping market are focused on new product innovations to strengthen their position in the market. For instance, In April 2022, Topcon Corporation, a Japanese manufacturer of optical equipment launched the IP-S3, the latest edition 3D mobile mapping system. The IP-S3 is smaller and lighter than earlier models, and it scans up to five times faster. The system integrates an Inertial Measurement Unit (IMU) and GNSS receiver with a vehicle's onboard electronics to provide high-density mobile digital photography. The software suite used provides an all-in-one processing workflow that transforms raw sensor data acquired by the IP-S3 system into rich and precise point clouds and pictures.
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The Mobile Mapping market is segmented -
1) By Type: 3D Mapping, Licensing, Indoor Mapping, Location Based Services, Location Based Search
2) By Component: Hardware, Software, Services
3) By Application: Road Surveys, Topographic Mapping, 3D Modeling, Asset Management, Other Applications
4) By Industry Vertical: Oil and Gas, Real Estate, Telecommunication, Manufacturing, Transportation and Logistics, Energy and Utilities, Other Industry Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Mobile Mapping market.
The Business Research Company's "Global Mobile Mapping Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Mobile Mapping Market Include:
1. Executive Summary
2. Mobile Mapping Market Characteristics
3. Mobile Mapping Market Trends And Strategies
4. Mobile Mapping Market - Macro Economic Scenario
5. Mobile Mapping Market Size And Growth
……
27. Mobile Mapping Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Mobile Mapping Market
29. Mobile Mapping Market Future Outlook and Potential Analysis
30. Appendix
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