Press release
Mobile Mapping Market Size Projected To Reach $116.45 Billion By 2034 With A Cagr Of 21%
Mobile Mapping
What Is the Projected Growth of the Mobile Mapping Market?
The scale of the mobile mapping market has seen a fast-paced expansion in the past few years. Starting from a market worth of $46.8 billion in 2024, it's predicted to climb to a value of $54.36 billion in 2025, displaying a compound annual growth rate (CAGR) of 16.2%. The surge experienced during the historical span can be credited to various factors. These include applications in transportation and navigation, infrastructure development initiatives, management and inventory of assets, increasing need for 3D mapping, urban expansion, and initiatives related to smart cities.
The market size of mobile mapping is predicted to witness a booming expansion in the upcoming years, projected to reach $116.45 billion in 2029 with a compound annual growth rate (CAGR) of 21.0%. The expected grokwth during the forecast period is driven by environmental tracking, precision farming, indoor mapping and navigation, location-focused services in tourism, humanitarian support, and disaster management, as well as bespoke mapping solutions. The forecast period will also see major trends like the integration of lidar technology, enhancements in sensor technologies, widespread adoption of 3D mapping, capturing and processing of real-time data, and the rise of cloud-based mapping services.
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What Are the Different Mobile Mapping Market 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
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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What Are the Primary Drivers Shaping the Mobile Mapping Market?
The proliferation of smart city initiatives is projected to fuel the expansion of the mobile mapping market. These initiatives aim to utilize the Internet of Things (IoT) and networking to enhance the efficiency and convenience of city life, incorporating everything from intelligent traffic lights and data-driven energy efficiency programs, to electric vehicle charging points and interactive kiosks offering free broadband. Mobile mapping plays a crucial role in consolidating all elements of city planning and governance, orchestrating and promoting the cohesive operation of various stakeholders in the smart city ecosystem. For instance, data from the Ministry of Housing and Urban Affairs, a governmental ministry in India, revealed that as of November 2023, India is home to a total of 7,947 smart city projects. Of these, 6,196 projects have been completed, while 1,751 projects are still under construction. As a result, the rise in smart city initiatives is propelling the growth of the mobile mapping market.
Which Companies Are Leading in the Mobile Mapping Market?
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
What Are the Major Trends Shaping the Mobile Mapping Market?
A key trend becoming prominent in the mobile mapping market is the advent of new product innovations. Companies that have a significant standing in this market are capitalizing on novel product creations to enhance their market position. Illustratively, Topcon Corporation, an optical equipment manufacturing company in Japan, rolled out its latest edition of a 3D mobile mapping system, the IP-S3, in April 2022. With attributes significantly compact and lighter than its predecessors, the IP-S3 boasts a recording speed that is five times faster. The system harnesses the power of an Inertial Measurement Unit (IMU) and GNSS receiver, coupled with a vehicle's onboard electronics, to produce high-density mobile digital imagery. The comprehensive software suite infused in the IP-S3 system turns the raw sensor data it acquires into highly detailed and accurate point clouds and pictures.
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What Are the Top Revenue-Generating Geographies in 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Mobile Mapping Market?
2. What is the CAGR expected in the Mobile Mapping Market?
3. What Are the Key Innovations Transforming the Mobile Mapping Industry?
4. Which Region Is Leading the Mobile Mapping Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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