Press release
Mobile Mapping Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Mobile Mapping Market Research
The rising number of smart city initiatives is anticipated to fuel the expansion of the mobile mapping market. Smart city initiatives involve using IoT and networking to enhance urban life's efficiency and convenience, which includes everything from intelligent traffic lights and data-based energy efficiency programs to electric vehicle charging stations and interactive kiosks providing free broadband. Mobile mapping plays a crucial role in harmonizing all elements of city planning and administration, alignment, and symbiotic operation of various smart city ecosystem participants. For example, data from the Ministry of Housing and Urban Affairs, an agency of the Indian Government, as of November 2023, reveals a total of 7,947 smart city projects in India, with 6,196 projects finished and 1,751 projects currently in progress. Hence, these flourishing smart city initiatives are propelling the growth of the mobile mapping market.
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What Is the projected market size and growth rate for the mobile mapping market?
In recent times, the mobile mapping market has seen a significant expansion. The market, which is projected to be valued at $46.8 billion in 2024, is anticipated to rise to $54.36 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 16.2%. Factors contributing to the growth during the historical period include use in transportation and navigation, infrastructure development initiatives, asset management, and inventory projects, an increasing demand for 3D mapping, as well as urbanization and smart city objectives.
The mobile mapping market is predicted to experience a dramatic expansion in the coming few years. The market is anticipated to escalate to a value of $116.45 billion in 2029, with a compound annual growth rate (CAGR) of 21.0%. This prospective surge during the forecast period is linked with various factors such as environmental supervision and conservation, precision farming, interior mapping and navigation, tourism plus location-oriented services, humanitarian support and disaster management, and personalized mapping solutions. Key trends projected in the forecast period comprise the incorporation of lidar technology, progress in sensor technologies, the growing uptake of 3D mapping, instantaneous data capture and processing, and cloud-based mapping services.
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What new trends are reshaping the mobile mapping market and its opportunities?
The mobile mapping market is witnessing an increasing trend of new product innovations. Companies in the mobile mapping realm are primarily focusing on novel product developments to enhance their market presence. To illustrate, Topcon Corporation, a Japanese firm specialising in optical equipment, unveiled its latest 3D mobile mapping system, the IP-S3, in April 2022. The IP-S3 outperforms its predecessors in terms of size and weight, and also offers scanning speed that is up to five times faster. This system integrates an Inertial Measurement Unit (IMU) and a GNSS receiver seamlessly with vehicle's inbuilt electronics to render high-density mobile digital imaging. The suite of software deployed facilitates a comprehensive processing workflow that converts raw sensor information gathered by the IP-S3 into detailed and accurate point clouds and images.
What major market segments define the scope and growth of the mobile mapping market?
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
Subsegments:
1) By 3D Mapping: Point Clouds, Digital Elevation Models (DEMs), Digital Surface Models (DSMs), 3D Models For Urban Planning, 3D Models For Construction
2) By Licensing: Software Licensing, Data Licensing, Application Licensing, API Licensing
3) By Indoor Mapping: Floor Plans, Navigation Solutions, Asset Tracking, Space Management Solutions
4) By Location-Based Services (LBS): Geolocation, Proximity marketing, Fleet Management, Mobile Payment Services
5) By Location-Based Search: Local Search Engines, Augmented Reality (AR) Search, Voice Search Services, Map Integration Services
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Which region dominates the mobile mapping market?
North America was the largest region in the mobile mapping market in 2024.The regions covered in the mobile mapping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the mobile mapping industry growth?
Major companies operating in the mobile mapping market include Apple Inc., Trimble Geospatial, TomTom N. V., Mitsubishi Electric Corporation, Topcon Positioning Systems Inc., NovAtel Inc., Garmin Ltd., Google LLC, 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, Foursquare Labs, Mapbox, Esri
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What Is Covered In The Mobile Mapping Global Market Report?
•Market Size Forecast: Examine the mobile mapping market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the mobile mapping market for a structured understanding.
•Key Players Overview: Analyze major players in the mobile mapping market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the mobile mapping market.
•Segment Contributions: Evaluate how different segments drive overall growth in the mobile mapping market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the mobile mapping market.
•Industry Challenges: Identify potential risks and obstacles affecting the mobile mapping market.
•Competitive Landscape: Review strategic developments in the mobile mapping market, including expansions, agreements, and new product launches.
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