Mobile Mapping Market 2019 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2023

Information Technology

Updated on Nov 14, 2019

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Mobile Mapping Market Highlights:

The global mobile mapping market could post a robust CAGR of 13.42% during the forecast period (2017-2023), asserts Market Research Future (MRFR).

The mobile mapping market gets a significant boost from the soaring demand for terrestrial mobile mapping in transportation as well as telecommunication. Mobile mapping is generally used by organizations for fleet management, asset management, construction and maintenance of cable network. In earlier times, the data was collected using the aerial photogrammetry methods. But this process of collecting data with aerial photogrammetry takes too long and proves to be a costly process. These constraints have prompted organizations to adopt mobile mapping for acquiring geospatial data. The low cost and low delivery time of mobile mapping compared to other methods have done wonders for the market, revenue-wise.

Enhanced network connectivity across mobile devices coupled with subsequent surge in adoption of mobile maps across Mobile Mapping Market have stimulated market growth in recent years. Advent of the 4G technology has accelerated the data transfer speeds, compared to the 3G networks. With the improvement in network connectivity owing to 4G, users are now efficiently using mapping solutions on their smartphones to navigate.

Sensing the high growth rate as well as the host of opportunities available, industry players are giving extra efforts in upgrading mobile mapping services. Renowned vendors are indulging in strategic alliances, in addition to adopting advanced business development strategies which help then solidify their position in the industry.

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Renowned Vendors:

Some of the renowned vendors competing in the global mobile mapping market include Mitsubishi Electric Corporation (Japan), Google (USA), Hyper Tech (Israel), Huron Geomatics Inc. (Canada), PASCO CORPORATION (Japan), The Sanborn Map Company Inc (USA), Trimble Inc. (USA), NAVVIS (Germany), Telefonaktiebolaget LM Ericsson (Sweden), NGC Aerospace Ltd (Canada), 3D Laser Mapping (UK), Hexagon AB (Sweden), TOPCON CORPORATION (Japan), Apple Inc. (USA), IGI mbH (Germany), FARO Technologies Inc. (USA), Gexcel (Italy, TomTom International BV (Netherlands), Microsoft Corporation (USA), among others.

Market Segmentation:

The worldwide mobile mapping market has been segmented with context to component, solution, application and end-user.

Component-based segments in the market are hardware (sensors, cameras, laser scanners, and others) as well as software and services (managed and professional). Among these, the hardware segment could lead the mobile mapping market in the coming years, given the intense demand for sensors and cameras in consumer electronic products, followed by IT & telecom and automotive.

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Regional Insight:

The region-wise analysis of the mobile mapping market has been done in Asia Pacific (APAC), Europe, North America, and the rest of the world (RoW).

Rising adoption of mobile mapping to collect geospatial data has been chiefly responsible for the market growth in North America. In addition, high use of smartphones that are equipped with global positioning systems (GPS), especially in the United States (US), Mexico and Canada, has induced market growth.

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