Press release
Mobile Mapping Systems Market Size, Share, Industry, Forecast 2023-2030
mobile mapping systems market
The Mobile Mapping Systems Market witnessed robust growth, reaching $34.5 billion in 2022, poised to hit $86.7 billion by 2030. A staggering 19.5% compound annual growth rate (CAGR) defines the forecast period of 2024-2031. Key market drivers encompass data interoperability, technological advancements, and the expanding use of mobile mapping systems for remote data collection.
Market Segmentation
Type, Offering, End-User, and Region
The market is segmented based on type, offering, end-user, and region, offering a comprehensive view of its dynamic landscape. From the increasing trend of data interoperability to the rising demand for smart transportation, each segment plays a pivotal role in shaping the market.
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Geographical Analysis
Dominant Region - North America
North America is set to dominate the market, constituting about one-third of the global share in 2022. The region's leadership is further fortified by increased merger and acquisition activities, as exemplified by ACELA Architects + Engineers acquiring a Leica mobile mapping system for geographical and surveying measurement.
Fastest Growing Region - Asia-Pacific
Asia-Pacific emerges as the fastest-growing region, covering a quarter of the global market in 2022. Rapid urbanization, infrastructural development, and ambitious smart city initiatives contribute to the region's significant growth. Government initiatives further fuel this expansion, as seen in India allowing mobile mapping and street-view surveys.
Competitive Landscape and Segmentation Analysis
The competitive landscape is dynamic, marked by a slew of strategic activities. Players like Google LLC, Leica Geosystems AG, and Trimble Inc. shape the market through mergers, acquisitions, and product launches. The market scope covers comprehensive insights, including company profiles, growth strategies, and recent developments.
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