Mapping the Future: Trends and Opportunities in Mobile Mapping Market Technologies

According to the report published by Allied Market Research, the global mobile mapping market amassed revenue of $24.2 billion in 2021, and is expected to hit $127.3 billion by 2031, registering a CAGR of 18.2% from 2022 to 2031. The market research study provides a detailed analysis of changing industry trends, top-most segments, value chain analysis, key investment business scenarios, regional space, and competitive space.

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The study is a key information source for giant players, entrepreneurs, shareholders, and owners in generating new strategies for the future and taking steps to enhance their market position. The report displays an in-depth quantitative analysis of the market from 2022 to 2031 and guides investors in allocating funds to the rapidly evolving industry.

Mobile mapping entails gathering geospatial information using a mobile vehicle equipped with a variety of technologies like GNSS, cameras, radar, laser, LiDAR, and other remote sensing systems. These Mobile Mapping Software systems consist of a coordinated set of navigation and imaging sensors mounted on the vehicle. Key outcomes of such systems include GIS data, digital maps, and georeferenced images and videos.

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The surge in inquiries on Geo-matching, spanning from prominent institutions like NASA to small surveying firms globally, is a significant factor driving the growth of the mobile mapping industry. According to an AMR study, the number of mobile mapping systems on Geo-matching has seen a remarkable 325% increase in the last three years.

The report offers detailed segmentation of the global mobile mapping market based on offering, deployment model, application, industry vertical, and region. It provides an in-depth analysis of every segment and sub-segment in tables and figures, allowing consumers to conclude about market trends and insights. The market report analysis aids organizations, investors, and entrepreneurs understand which sub-segments are to be tapped to achieve huge growth in the years ahead.

In terms of the offering, the solution segment was the largest in 2021, accounting for around two-thirds of the overall share of the global mobile mapping market. Moreover, this segment will retain its dominant position during the forecast timespan. However, the service segment is set to record the highest CAGR of 19.1% from 2022 to 2031.

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On basis of the deployment model, the on-premise segment held the largest share in 2021, contributing to nearly three-fifths of the overall mobile mapping market. Moreover, this segment is predicted to account for the highest market share by 2031. However, the cloud segment is also anticipated to record the fastest CAGR of 19.2% during the forecast timeframe.

Based on region, North America contributed toward the highest market share in 2021, accounting for around two-fifths of the global mobile mapping market share. Moreover, the region is also set to contribute majorly toward the global market share in 2031. However, the Asia-Pacific mobile mapping market is predicted to register the highest CAGR of 20.2% during the forecast timespan. The research also analyzes regions including LAMEA and Europe.

Key participants in the global mobile mapping market examined in the research include Hexagon AB, Microsoft Corporation, EveryScape Inc., Qualcomm Inc., Teledyne Optech LLC, Trimble Inc., Mitsubishi Electric Corporation, Javad GNSS Inc., Google LLC, Black & Veatch, Apple Inc., Foursquare Labs, Pasco Corporation, GeoSLAM, Leica Geosystems, Novatel Inc., and MapJack.

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The report evaluates these major players in the global mobile mapping industry. These players have executed a gamut of major business strategies such as the expansion of regional and customer base, new product launches, strategic alliances, and joint ventures for expanding product lines across the global markets. The market research report supports the performance monitoring of each segment, positioning of each product in respective segments, and the impact of new technology and product innovations on the overall market size.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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