Press release
Global Mobile Mapping Market Projected to Grow at 21% CAGR, Reaching $116.45 Billion by 2029
Mobile Mapping Market Growth
What Will the Mobile Mapping Industry Market Size Be by 2025?
In recent years, we have witnessed a swift expansion in the size of the mobile mapping market, which is projected to escalate from $46.8 billion in 2024 to $54.36 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 16.2%. This remarkable growth during the historic period is ascribed to several factors such as applications in transportation and navigation, infrastructure development projects, asset handling and inventory, the surge in demand for 3D mapping, and the rise in urbanization and initiatives toward smart cities.
What's the Long-Term Growth Forecast for the Mobile Mapping Market Size Through 2029?
The mobile mapping sector is anticipated to witness a considerable expansion in the next couple of years, reaching a market value of $116.45 billion by 2029, with a CAGR of 21.0%. This anticipated growth during the projected time span can be linked to various factors including environmental supervision and preservation, precise farming, indoor mapping, and navigation, tourism tied with location-dependent services, asking for humanitarian aid during disasters, and personalized mapping solutions. The forecast period also indicates key trends such as the integration of lidar technology, enhancements in sensor technologies, larger acceptance of 3D mapping, capture and processing of real-time data, and cloud-mediated mapping services.
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What Are the Key Growth Drivers Fueling the Mobile Mapping Market Expansion?
The expansion of intelligent urban projects is set to drive the mobile mapping market's growth. These projects involve the use of IoT and networking to streamline and improve urban life through a wide array of measures such as smart traffic lights, strategies for data-driven energy efficiency, electric vehicle charging stations, and interactive kiosks providing free broadband. Mobile mapping plays a crucial role in amalgamating all the dimensions of city planning and administration, facilitation, and the harmonious operation of diverse stakeholders within the smart city framework. For example, the Ministry of Housing and Urban Affairs of the Indian Government reported that as of November 2023, India had a total of 7,947 smart city projects, with 6,196 already completed and 1,751 currently in progress. Thus, the surge in smart city projects is fuelling the growth of the mobile mapping market.
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What Are the Key Trends Driving Mobile Mapping Market Growth?
The emerging trend of new product innovations is gaining traction within the mobile mapping market. Major players in this market are harnessing such innovations to fortify their market presence. For example, the Japanese optics manufacturer Topcon Corporation unveiled the IP-S3, an advanced 3D mobile mapping system, in April 2022. This newly launched system, which is smaller, lighter, and five times faster than its predecessors, employs an Inertial Measurement Unit (IMU) and a GNSS receiver that interfaces with the vehicle's built-in electronics to produce high-quality, mobile digital photography. The included software suite undertakes a comprehensive processing workflow, which converts the raw sensor details, collected by the IP-S3 system, into highly detailed point clouds and images.
How Is the Mobile Mapping Market Segmented?
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 Companies Are Leading the Charge in Mobile Mapping Market Innovation?
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
Which Regions Are Leading the Global Mobile Mapping Market in Revenue?
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
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