Market Overview:
The Global Mobile Mapping Market size was valued at USD 31.56 billion in 2022, and is projected to reach USD 72.57 billion by 2032 at a CAGR of 18.5% from 2022 to 2032.
The Mobile Mapping Market refers to the market for technologies and services that are used to create detailed maps and 3D models of the environment using mobile devices. Mobile mapping involves the use of mobile devices, such as smartphones, tablets, and specialized vehicles equipped with cameras, LIDAR, and other sensors to capture geospatial data. This data is then processed and analyzed to create maps and 3D models of the environment. The Mobile Mapping Market is used in a wide range of applications, including urban planning, transportation planning, construction, surveying, and environmental management. The market includes hardware, software, and services related to mobile mapping, such as data processing, analysis, and visualization. The market is expected to grow in the coming years due to the increasing demand for accurate and up-to-date geospatial data in various industries.
Increasing demand for accurate and up-to-date location-based services (LBS) that can be accessed from mobile devices, growing adoption of smartphones and tablets, which have GPS capabilities and can be used for mobile mapping and navigation, advances in mobile technology, including better sensors and cameras, improved battery life, and faster processing speeds, which make it easier to capture and process geospatial data, increasing use of mobile mapping in various industries, such as transportation, logistics, construction, and real estate, to improve efficiency and reduce costs, growing demand for real-time traffic information and navigation assistance, which can help users avoid congestion and delays, and government initiatives and regulations, such as those related to emergency response, urban planning, and environmental management, that require accurate and up-to-date geospatial data are some of the driving factors for the global mobile mapping market.
Increasing demand for geospatial data is propelling the market growth.
With the growing need for accurate and up-to-date geospatial data in various industries, the demand for mobile mapping technology is also increasing. Industries such as transportation, construction, and urban planning require accurate data to make informed decisions, and mobile mapping technology can provide them with that data. The mobile mapping market is constantly evolving with advancements in technology such as 5G, artificial intelligence, and machine learning. These advancements are expected to improve the accuracy and efficiency of mobile mapping systems. Mobile mapping technology is increasingly being integrated with other technologies such as autonomous vehicles, drones, and robotics. This integration can provide even more accurate and efficient data collection and analysis. The adoption of cloud-based solutions is increasing in the mobile mapping market. Cloud-based solutions offer benefits such as scalability, accessibility, and cost-effectiveness, making them an attractive option for businesses of all sizes. Overall, the mobile mapping market is expected to continue growing as the demand for accurate and up-to-date geospatial data increases and technology continues to evolve.
Segmentation:
By Component
· Hardware
· Software
· Services
By Application
· Surveying and Mapping
· Construction
· Infrastructure Management
· Mining
· Agriculture
· Environmental Management
· Others
By End-User
· Transportation
· Government
· Military and Defense
· Engineering and Construction
· Others
Geography:
The North America Mobile Mapping Market is a growing market that is driven by increasing demand for accurate geospatial data and advancements in technology. In recent years, the market has been impacted by several government initiatives aimed at improving the quality and accessibility of geospatial data. In 2018, the U.S. Congress passed the Geospatial Data Act, which aims to improve the quality and accessibility of geospatial data across federal agencies. The act requires federal agencies to develop a strategic plan for geospatial data management and to coordinate with other agencies to avoid duplication of efforts. The National Geospatial-Intelligence Agency (NGA) is a U.S. government agency that is responsible for providing geospatial intelligence to support national security objectives. The NGA has developed several initiatives aimed at improving the quality and accessibility of geospatial data, including the Map of the World initiative and the Human Geography Initiative.
Many cities in North America are investing in smart city initiatives aimed at improving the quality of life for residents. These initiatives often involve the use of mobile mapping technology to create 3D models of the city and to improve transportation planning, infrastructure management, and emergency response. Overall, these government initiatives are expected to drive growth in the North America Mobile Mapping Market as businesses and organizations seek to leverage the improved quality and accessibility of geospatial data to make better decisions.
Recent Developments:
· In August 2021, Trimble, a leading provider of GPS technology and geospatial solutions, announced the acquisition of Azteca Systems LLC, a provider of enterprise asset management software for public works and utilities.
· In July 2021, HERE Technologies, a leading provider of location-based services and mapping technology, announced the acquisition of VeriLocation, a UK-based provider of fleet management solutions.
· In December 2020, Bentley Systems, a software development company specializing in infrastructure and construction, acquired Vista Data Vision, a provider of environmental monitoring solutions using IoT and AI technologies.
· In January 2020, Apple Inc. acquired Xnor.ai, an AI startup specializing in low-power, edge-based machine learning.
Impact of the Russia-Ukraine War on the global Mobile Mapping Market:
The ongoing conflict between Russia and Ukraine has had several impacts on the global market, particularly on energy, defense, and commodities markets. Russia is one of the largest oil and gas exporters in the world, and Ukraine is an important transit country for Russian gas exports to Europe. The conflict has raised concerns about potential supply disruptions, which could lead to higher energy prices and volatility in the energy market. The ongoing conflict has also increased demand for defense-related products, including weapons, ammunition, and military equipment. This could benefit defense contractors and companies in the defense supply chain. The conflict has increased geopolitical risk and uncertainty, which could lead to market volatility and investor caution. Companies and investors may be more hesitant to make long-term investments in the region, which could impact economic growth. Ukraine is a major producer of agricultural commodities such as wheat and corn, and disruptions to the country's agricultural sector could impact global commodity prices. The conflict has also led to fluctuations in currency values, particularly the Ukrainian hryvnia and the Russian ruble. This could impact trade and investment flows between the two countries and the wider region.
Company Profiles:
· Google Maps
· Apple Maps
· Here Technologies
· TomTom NV
· Mapbox
· Waze
· OpenStreetMap
· Bing Maps
· ArcGIS Online
· Sygic
· Garmin
· Telenav
· GeoBingAn
· Zenrin
· NavInfo
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
Only Three Thousand Nine Hundred Fifty US dollar
Only Four Thousand Nine Hundred Fifty US dollar
Only Five Thousand Nine Hundred Fifty US dollar