Press release
Mobile Mapping Market Size, Trends, Share Analysis, Size And Forecast To 2033
Mobile Mapping Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $95.17 billion In 2028 At A CAGR Of 18.8% :
The mobile mapping market size has grown rapidly in recent years. It will grow from $40.73 billion in 2023 to $47.8 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to transportation and navigation applications, infrastructure development projects, asset management and inventory, rising demand for 3d mapping, urbanization and smart city initiatives..
The mobile mapping market size is expected to see rapid growth in the next few years. It will grow to $95.17 billion in 2028 at a compound annual growth rate (CAGR) of 18.8%. The growth in the forecast period can be attributed to environmental monitoring and conservation, precision agriculture, indoor mapping and navigation, tourism and location-based services, humanitarian aid and disaster response, customized mapping solutions.. Major trends in the forecast period include integration of lidar technology, advancements in sensor technologies, increased adoption of 3d mapping, real-time data capture and processing, cloud-based mapping services..
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Mobile Mapping Market Major Segments
The mobile mapping market covered in this report 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
Key Driver - Driving Growth Smart City Fueling Expansion Of The Mobile Mapping Market
Growing smart city projects are expected to propel the growth of the mobile mapping market going forward. 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. For instance, according to the Ministry of Housing and Urban Affairs, a ministry of the Government of India, as of November 2023, a there are total 7,947 smart city projects in India, out of which 6,196 projects are completed and 1,751 projects are ongoing. Therefore, growing smart city projects are driving the mobile mapping market
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Prominent Trend - New Product Innovations Transform The Market
New product innovations have emerged as a key trend gaining popularity in the mobile mapping market. 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.
Mobile Mapping Market Players
Major companies operating in the mobile mapping market report are Apple Inc., Trimble Geospatial, TomTom N. V., Mitsubishi Electric Corporation, Topcon Positioning Systems Inc., NovAtel Inc., Garmin Ltd., Google LLC, Immersive Media Inc., Microsoft Corporation, Qualcomm Incorporated, Telefonaktiebolaget LM Ericsson, Leica Geosystems, FARO Technologies Inc., Trimble Inc., Hexagon AB, NGC Aerospace Ltd., IGI GmbH, Huron Geomatics Inc., The Sanborn Map Company Inc., Javad GNSS Inc., Teledyne Optech, Imajing SAS, Cyclomedia Technology BV, INRIX Inc., Baidu Inc., Black and Veatch, Four Square Labs, MapQuest, Telecommunication Systems, Foursquare Labs, Qualcomm Atheros, Mapbox, Esri
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Largest And Fastest Growing Region In The Market
North America was the largest region in the mobile mapping market in 2023. The regions covered in the mobile mapping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Mobile Mapping Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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