Global Mobile Mapping Market

Mobile Mapping Market Size, Share, Growth Analysis, By Component(Hardware, Software), By Technology(GNSS, RADAR), By Mounting(Vehicle-mounted, Railway-mounted), By Application(Road & Railway Surveys, GIS Data Collection), By End-use(Agriculture, BFSI) - Industry Forecast 2024-2031

Report ID: SQMIG45A2209 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 154 | Figures: 79

Mobile Mapping Market Insights

Global Mobile Mapping Market size was valued at USD 24.18 billion in 2022 and is poised to grow from USD 28.1 billion in 2023 to USD 93.39 billion by 2031, growing at a CAGR of 16.2% in the forecast period (2024-2031).

The growth of the mobile mapping market is significantly propelled by the widespread adoption of satellite mapping technology, seamlessly integrated into smartphones and Internet of Things (IoT) connected devices. This surge in demand is driven by the utilization of the Global Navigation Satellite System (GNSS) for various critical applications such as environmental monitoring, 3D mapping, accident investigation, disaster response, and machinery control.

Additionally, the market is fostering the advancement of innovative automated data collection methods, leveraging the latest 5G internet technology to facilitate rapid data acquisition. These sophisticated systems offer invaluable insights for decision-makers in diverse sectors including transportation, construction, and urban planning.

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Mobile Mapping Market size was valued at USD 24.18 billion in 2022 and is poised to grow from USD 28.1 billion in 2023 to USD 93.39 billion by 2031, growing at a CAGR of 16.2% in the forecast period (2024-2031).

The competitive environment of the mobile mapping market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'Apple', 'AutoNavi', 'Black & Veatch', 'Garmin International', 'Google', 'Land Surveys', 'MapQuest', 'Microsoft', 'Mitsubishi Electric Corporation', 'Novatel Inc.', 'Qualcomm', 'Comtech Telecommunications', 'Trimble', 'Ericsson', 'TomTom', 'Foursquare Labs', 'Pasco Corporation', 'Topcon', 'NavVis', 'GeoSLAM', 'Leica Geosystems'

The evolution towards smart cities hinges on the digitization of city infrastructures and the strategic optimization of resources, underscoring the fundamental role of a robust digital strategy in ensuring a successful transformation. As numerous smart city initiatives are either in progress or being initiated, the convergence of city digitalization with urban development integrated through information and communication technology continues to gain momentum. Central to these smart city endeavors is the utilization of geospatial data, acting as the cornerstone of any urban development blueprint.

The rising adoption of mobile mapping technologies among end-users in emerging economies is significantly broadening the scope of the market. Particularly in urban and road planning initiatives, these technologies are becoming increasingly indispensable. Furthermore, governmental efforts in developing countries to enhance the accessibility of digital services to citizens are acting as catalysts, further propelling the growth of the mobile mapping market.

In 2022, North America emerged as the leader in the mobile mapping market, securing a substantial market share of 28.1%. This region boasts well-established infrastructure and allocates significant resources to extensive research and development initiatives, positioning it as a primary revenue generator within this market throughout the forecasted period. Additionally, the presence of a robust ecosystem comprising small and medium-sized enterprises in North America plays a pivotal role. These entities provide integral components and services to industry giants such as Trimble Inc., Topcon, and Teledyne Technologies Incorporated.

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Global Mobile Mapping Market

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