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Mobile Mapping Market Strategies 2024-2033 | Insights, Demand, Outlook
Mobile Mapping Market
As per the report, 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 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%.
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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
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.
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
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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
Contents of the report:
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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