USD 24.18 billion
Report ID:
SQMIG45A2209 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
154
|Figures:
79
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.
Global Market Size
USD 24.18 billion
Largest Segment
GNSS
Fastest Growth
Growth Rate
16.2% CAGR
To get more reports on the above market click here to Buy The Report
The global mobile mapping market is segmented into six segments i.e. by component, end user, mounting, technology, application and region. Based on technology type the market is segmented as, GNSS, RADAR, LiDAR. Based on mounting type the market is segmented as, vehicle-mounted, railway-mounted, drone-mounted, others (handheld, backpacks, and boat-mounted). Based on component the market is segmented as, hardware, software, service. Based on application the market is segmented as, road & railway surveys, gis data collection, vehicle control & guidance, asset management. Based on end-use the market is segmented as, agriculture, BFSI, government & public sector, real estate, retail, mining, telecommunication, transport & logistics, others. Based on Region, the market is segmented as, North America, Europe, Asia Pacific, Latin America.
Analysis by Technology
The LiDAR technology type segment is projected to experience the most substantial growth rate, estimated at 17.2% in 2022. LiDAR, employing lasers to gauge distances and generate intricate 3D models of objects and surroundings, has emerged as a pivotal technology within mobile mapping systems.
In 2022, the GNSS technology type segment emerged as the dominant force within this market, capturing a substantial market share of 48.7%. The Global Navigation Satellite System (GNSS) stands as a cornerstone technology in mobile mapping systems, crucial for delivering accurate and precise location information. Categorized into GNSS, RADAR, and LiDAR technologies, these systems extensively leverage GNSS to ascertain the precise positioning and orientation of the platform, commonly vehicles or handheld devices.
Analysis by Mounting Type
The drone-mounted segment emerged as the market leader, holding the highest share at 33.4% in 2022. This classification encompasses vehicle-mounted, railway-mounted, drone-mounted, and other mounting types such as handheld, backpacks, and boat-mounted systems. Among these, drone-mounted cameras and sensors have assumed a pivotal role within mobile mapping systems, offering distinct advantages over conventional techniques.
The vehicle-mounted segment is forecasted to register substantial growth at a notable CAGR of 17.1% throughout the forecast period in 2022. This segment encompasses a sophisticated mobile mapping system specifically designed to gather comprehensive geospatial data while in transit. Installed onto vehicles such as cars or trucks, this technology facilitates the collection of detailed data while on the move.
To get detailed analysis on other segments, Request For Free Sample Report
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.
Asia Pacific is forecasted to experience substantial development, anticipated to expand at an impressive CAGR of 18.7% in 2022. This region is positioned for rapid growth due to the widespread adoption of advanced technologies across numerous end-use industries. These industries are embracing cutting-edge solutions that promise enhanced scanning efficiency and the precise collection and real-time analysis of geospatial data, facilitated by these sophisticated mapping systems.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Growing Investments in Smart City Projects to Augment Market Growth
Restraints
Initial CAPEX for Infrastructure is Likely to Hinder Market Growth
Request Free Customization of this report to help us to meet your business objectives.
The competitive environment of the global 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.
Top Player’s Company Profiles
Recent Developments
In February 2024, StoneX has launched a hybrid mobile mapping solution, the X70GO SLAM laser scanner, designed for fast and efficient large-area surveys. It combines mobile scanning with a stationary mode to scan with high resolution to enhance overall surveying capabilities. X70GO is a real-time 3D model reconstruction device that integrates an inertial navigation module, high-performance computer and storage system.
In February 2024, Mosaic has partnered with Movella aimed at redefining precision and efficiency in mapping and 3D reconstruction projects. Mosaic is specialized in mobile mapping camera systems, while Movella is a renowned provider of high-precision inertial sensor solutions. This collaboration combines Mosaic’s Mosaic 51 and Mosaic X camera systems with Movella’s XVN, bolstering GIS platform integration and enabling extensive 3D reconstruction with unparalleled precision.
In February 2024, Trimble has announced the launch of the MX90 mobile mapping system for construction projects. With Trimble GNSS and inertial technology, when combined with Trimble field and office software, the Trimble MX90 provides a field-to-finish mobile mapping solution that enables workflows for data capture, processing and analysis. The vehicle- or train-mounted MX90 captures detailed laser scans and imagery—both panoramic and multi-angle.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global mobile mapping market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The expanding utilization of mobile mapping solutions within the construction and real estate sectors is significantly contributing to market growth. These solutions offer crucial information regarding on-site conditions and geospatial dynamics, catering to the specific needs of these industries. The demand for precise and detailed information has surged within the construction and real estate domains, with rapid urban development and a burgeoning population.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 24.18 billion |
Market size value in 2031 | USD 93.39 billion |
Growth Rate | 16.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Mobile Mapping Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mobile Mapping Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mobile Mapping Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mobile Mapping Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG45A2209
sales@skyquestt.com
USA +1 351-333-4748