Market Analysis
Mobile mapping systems are an exact method of obtaining geospatial data from mobile vehicles. The system consists of different types of components, such as positioning sensors, laser scanners, LiDAR, digital cameras mounted on the radar, or multiple types of remote sensing devices mounted on mobile platforms, such as boats, SUVs, and all-terrain vehicles (ATV), depending on the end-use application. The result from such systems is GIS data, digital maps, and georeferenced images and videos. 3D mobile mapping is among the most important geospatial technologies available that can change the way environments are visualized, measured, analyzed, and cataloged. Mobile mapping is used for land surveying, laser scanning, mapping, aerial surveys, facility/road management, and many other applications.
Global Mobile Mapping Market Demand is projected to expand at a 12.31 % CAGR during the forecast period 2020-2030.
The penetration of mobile devices and increasing applications of mobile mapping in sectors like automotive transport, telecommunications, mining, BFSI, and defense, among others, have bolstered the growth of the overall industry. Increasing demand for location-based services, enhanced network connectivity, and improved components and mapping software support market growth. The use of geospatial information in applications like infrastructure management, risk and emergency management, urban planning, resource management, and logistics has boosted the demand for mobile mapping solutions over the years. Increasing investment by vendors in technological developments, coupled with increasing applications in city planning and the development of smart cities, will help the growth of this market during the forecast period. Increasing demand from emerging economies and advances in mapping analytics are expected to provide a range of growth opportunities to the mobile mapping industry in the coming years.
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The adoption of mobile mapping is growing at a substantial pace worldwide. Mobile mapping is increasingly being used for a number of applications such as BFSI, government, defense intelligence, agriculture forestry, telecommunications, transport, real estate, and others. Various uses of this technology include topographic mapping, infrastructure planning, traffic control, GIS data collection, asset management, imaging services, land survey, emergency response planning, and others.
COVID-19 Impact on the Global Mobile Mapping Market
Mobile mapping has gained tremendous market traction in the ongoing COVID-19 pandemic to map infected individuals' travel history and location. Governments are significantly adopting mobile mapping tools to map demographic data and correlate such data with the spread of coronavirus across the region.
Market Segmentation
The global mobile mapping industry has been segmented based on component, solution, application, user type, and end-user.
Based on components, the global mobile mapping market has been divided into hardware, software, and services. The hardware segment has been segmented into cameras, sensors, laser scanners, others. The service segment has been segmented into professional and managed.
Based on the solution, the global mobile mapping market has been segmented into location-based, indoor mapping, asset management, 3D mapping, and others.
By application, the global mobile mapping market has been segmented into land survey, bridge planning, aerial surveys, and others.
By user type, the global mobile mapping market has been segmented into enterprises and individuals.
By end-user, the global mobile mapping market has been segmented into agriculture, aviation aerospace, real estate construction, energy power, marine transport, mining, IT telecom, healthcare, media entertainment, manufacturing, and others.
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Regional Analysis
Geographically, the global mobile mapping industry has been segmented into the Asia Pacific, North America, Europe, the Middle East Africa, and South America.
North America to lead the global market
North America leads the mobile mapping market in terms of market share. The regional market has seen tremendous growth due to the involvement of key players like Apple Inc., Google Inc., and Microsoft Corporation and their investment in developing mobile mapping solutions throughout the United States, Canada, and Mexico.
Europe to follow North America
Europe has the second largest market share in mobile mapping. The area has seen rapid growth in the implementation of mobile mapping technology across industry verticals like manufacturing, government, banking and financial services, real estate, telecommunications, and transport.
Competitive Landscape
With a number of international and regional players, the global mobile mapping market is relatively fragmented and competitive. Market players are heavily involved in technological development, global expansion and mergers and acquisitions to strengthen their market position.
Notable Players Operating In The Global Mobile Mapping Market Include:
- Trimble Inc (US)
- Topcon Corporation (Japan)
- Mitsubishi Electric Corporation (Japan)
- Huron Geomatics Inc(Canada)
- Google (US)
- Pasco Corporation (Japan)
- The Sanborn Map Company Inc.
- 3D Laser Mapping
- Apple Inc. (US)
- NavVis
- FARCO Technologies Inc (US)
- Telefonaktiebolaget LM Ericsson (Sweden)
- NGC Aerospace Ltd
- Microsoft Corporation (US)
- Hexagon AB (Sweden)
- IGI GmbH (Germany)
- TomTom International BV (Netherlands)
- Hyper-Tech (Israel)
- Gexcel (Italy)
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