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  • Mobile Mapping Market Growth Analysis | 2023-2028

    Mobile Mapping Market Growth Analysis | 2023-2028

    Mobile Mapping Market Growth Analysis | 2023-2028
    Report code - SR1043 Delivery - 2 Weeks
    Mobile Mapping Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis See more...

    Market Insights

    The mobile mapping market was estimated at USD 32.54 billion in 2022 and is likely to grow at a CAGR of 18.99% during 2023-2028 to reach USD 93.58 billion by 2028. The mobile mapping market is growing due to the widespread use of satellite mapping technology integrated into smartphones and IoT devices. This technology is used for environmental monitoring, 3D mapping, accident investigation, disaster response, and machinery control. The market is also fostering the development of automated data collection methods using 5G internet technology. These systems provide valuable insights for decision-makers in transportation, construction, and urban planning, aiding in planning, design, and resource allocation.

    mobile-mapping-market-size

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    What is mobile mapping?

    Mobile mapping systems combine various navigation and remote-sensing technologies on a common moving platform, capable of providing efficient, fast and complete data collection. This data can be used for a variety of applications, including city planning, asset management, environmental monitoring, and security and surveillance. Mobile mapping systems are becoming increasingly affordable and accessible, and the technology is continuing to develop. As a result, mobile mapping is likely to be used in even more applications in the future.

    Mobile Mapping Market Report Overview

    Market Size in 2028

    USD 93.58 Billion

    Market Size in 2022

    USD 32.54 Billion

    Market Growth (2023-2028)

    CAGR of 18.99%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Key Players

    Some of the key players in the market are-

    • Apple Inc.,
    • AISAN Technology,
    • Autonavi,
    • Baidu,
    • Black & Veatch,
    • Cycolmedia Technology B.V.,
    • EveryScape, Inc.,
    • Foursquare Labs, Inc.,
    • Garmin International,
    • Google LLC.,
    • Leica Geosystems Inc.,
    • Mapquest,
    • Microsoft Corporation,
    • Mitsubishi Electric Corporation,
    • NAVTEQ Corp.,
    • NCTech,
    • NovAtel Inc.,
    • PASCO,
    • PhaseOne,
    • Pointgrey/ FLIR Integrated Imaging Solutions,
    • Qualcomm Inc.,
    • Teledyne Optech Incorporated,
    • TomTom International BV,
    • Topcon Positioning Systems, Inc.,
    • Trimble, Inc.

    Market Dynamics

    Major factors such as increasing demand for terrestrial mobile mapping in telecommunication and transportation, improved network connectivity, increasing penetration of mobile devices, and growing role of optic fiber technology in driving smart cities are expected to boost the growth of the global mobile mapping market during the forecast period.

    mobile-mapping-market-snapshot

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    Top impacting factors: The global mobile mapping market is expected to grow due to factors such as increasing demand for accurate land-based maps, investments in smart city projects, high initial investment, and the emergence of automated driving technology. These factors are expected to significantly impact the market growth during the forecast period.

    Restraint: Initial CAPEX for infrastructure. Enterprises are adopting digital technologies to streamline business processes, including mobile mapping solutions. These solutions offer enhanced speed, flexibility, and security but also increase CAPEX. Companies need to invest heavily in scanners, encoders, cameras, and other IT software, as well as secure devices and networks. The initial cost of these solutions limits adoption in budget-constrained organizations, particularly for routine road corridor surveys. This has led to a significant reduction in the use of these systems.?

    Data inaccuracy issues. The veracity of mobile mapping data is a major concern, as inaccurate information can lead to real-world consequences such as wrong charges in law enforcement, fatal errors in healthcare, and costly errors in retail business development. Positional correctness is crucial for mapped assets and derived vector data, but advancements like mobile laser scanning point clouds and semi-automated extraction are aiming to help manufacturers overcome this issue.

    Opportunity: Development of automated driving technology. The rise of autonomous and connected vehicle infrastructure is driven by rising consumer demands and technological advancements. Mobile mapping systems help vehicles plan and provide safety nets to sensors during poor visibility and conditions, making automated driving safer. These systems support various use cases of automated driving, such as Predictive Powertrain Control, Predictive Cruise Control, and Intelligent Speed Assistance. TomTom and HELLA Aglaia have partnered to enable crowdsourced HD map updates for faster and more accurate delivery. Automated cars are likely to adopt mobile mapping systems to enhance the driving experience.

    Challenge: Limited power laser in mobile mapping systems. Mobile mapping systems use Class 1 eye-safe lasers for point cloud acquisition, allowing for safe and efficient acquisition in urban areas. However, the limited power of these lasers results in restricted acquisition swaths. High-end systems typically have ranges of 200m to 400m on each side of the mobile platform, limiting the potential for widespread use without health risks.

    Segments Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Component-Type Analysis

    Hardware [Imaging Device, Laser Ranging & Scanning Device, and Positioning Device], Software [Mapping Data Extraction and Data Processing], and Service [Consulting, Integration & Maintenance, and Managed Service]

    The hardware component is expected to lead the market during the assessment period.

    Application-Type Analysis

    Asset Management, Vehicle Control & Guidance, GIS Data Collection, Road & Railroad Surveys, and Others

    The GIS data collection segment is estimated to witness high growth in the market during the assessment period.

    End-Use-Type Analysis

    Agriculture, BFSI, Government & Public Sector, Real Estate & Infrastructure, Retail, Telecommunication, Mining, and Transportation & Logistics

    The agriculture segment dominates the market, accounting for more than 45% of the market share. The segment is expected to grow at a CAGR of more than 15% during the forecast period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and Rest of the World

    Europe is estimated to be the leading region in the market during the assessment period.

    By Component Type:

    The market is segmented as hardware, software and service. The hardware component is expected to lead the market during the assessment period, owing to an increase in the growth of hardware components and systems such as LiDAR scanners, 360-degree video systems, and IMUs. Companies specializing in these systems, such as Topcon, Trimble, and 3D Laser Mapping, invest heavily in R&D to focus on product innovation and new product development. The goal of the strategy is to get a competitive edge in the fast-changing mobile mapping landscape.

    By Application Type:

    The market is segmented as asset management, vehicle control & guidance, GIS data collection, road & railroad surveys, and others. The GIS data collection segment is estimated to witness high growth in the market during the assessment period, as the GIS data collected for important applications such as defense-related mapping, is becoming increasingly prevalent. The capacity of GIS data to map state infrastructure, including environmental and natural resource monitoring and maintenance, has increased the mobile mapping market demand. In addition, the growing demand for real-time geographic data capture has opened up new possibilities.

    By End-Use Type:

    The market is segmented as agriculture, BFSI, government & public sector, real estate & infrastructure, retail, telecommunication, mining, and transportation & logistics. The agriculture segment dominates the market, accounting for more than 45% of the market share. The segment is expected to grow at a CAGR of more than 15%. The market is divided into agriculture, oil and gas, government and public sector, and other sectors. Mobile mapping systems are crucial in agriculture for mapping and analyzing crops, soil conditions, and other factors affecting yields. These systems provide detailed maps of soil conditions, moisture levels, and other factors, enabling farmers to identify stress or disease areas and take corrective action before impacting yields. Real-time data on crop yields and potential risks, such as weather events or pest outbreaks, are also provided.

    The government and public sector end-user segment are expected to experience the highest growth rate of more than 15% during the forecast period. Mobile mapping systems are crucial in this sector, as they map and analyze infrastructure and public services, provide real-time data on infrastructure damage, hazardous conditions, and response efforts, and help analyze public health and safety data like disease outbreaks, crime patterns, and traffic accidents.

    Regional Analysis:

    Europe is estimated to be the leading region in the market during the assessment period due to the rapid development of autonomous vehicles, as well as the growing demand for location-aware technologies, characterized by the European industry demand. According to the European Global Navigation Satellite Systems Agency, around three billion mobile applications currently rely on positioning data, opening up new economic opportunities. Several EU states, such as Germany, Italy, and the United Kingdom, are also heavily utilizing mapping tools for defence purposes, generating lucrative growth opportunities.

    Mobile-Mapping-Market-Regional-Analysis

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    Segmentation

    The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The mobile mapping market is segmented into the following categories:

    By component type:

    • Hardware
      • Type Analysis: Imaging Device, Laser Ranging & Scanning Device, and Positioning Device
    • Software
      • Type Analysis: Mapping Data Extraction and Data Processing
    • Service
      • Type Analysis: Consulting Service, Integration & Maintenance Service, and Managed Service

    By Application Type:

    • Asset Management
    • Vehicle Control & Guidance
    • GIS Data Collection
    • Road & Railroad Surveys
    • Others

    By End-Use Type:

    • Agriculture
    • BFSI
    • Government & Public Sector
    • Real Estate & Infrastructure
    • Retail
    • Telecommunication
    • Mining
    • Transportation & Logistics

    By Region:

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Mobile-Mapping-Market-Segment

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    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the global mobile mapping market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Mobile Mapping Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape and Market share analysis

    How complex is the business environment?

    Porter’s five forces, PEST and Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Customization Option

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players).
    • SWOT analysis of key players (up to 3 players).

    Segmentation

    • Current market segmentation of any one of the end-use types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Mobile mapping systems combine various navigation and remote-sensing technologies on a common moving platform, capable of providing efficient, fast and complete data collection.

    The global mobile mapping market is expected to grow at a CAGR of 18.99 % during the upcoming five years.

    The globa mobile mapping market size is estimated to grow from USD 32.54 Bn in 2022 to USD 93.58 Bn by 2028.

    Europe is expected to largest share of the market during the assessment period.

    Apple Inc, AISAN Technology, Autonavi, Baidu, Cycolmedia Technology B.V., Mitsubishi Electric Corporation, Google LLC, Microsoft Corporation, Qualcomm Inc, Topcon Positioning Systems, Inc. are the key companies in the market.

    The hardware segment has the largest share of the market during the estimated time.

    The study period of the market is 2017-2028.

    Major factors such as increasing demand for terrestrial mobile mapping in telecommunication and transportation, improved network connectivity, increasing penetration of mobile devices, and growing role of optic fiber technology in driving smart cities are expected to boost the progress of the market during the assessment period.