Mobile Mapping Market Size, Share, Growth Analysis, By Component(Hardware, Software, Service), By Technology(GNSS, RADAR, LiDAR), By Mounting(Vehicle-mounted, Railway-mounted, Drone-mounted, Others (handheld), By Application(Road & Railway Surveys, GIS Data Collection, Vehicle Control & Guidance, Asset Management), By End-use(Agriculture, BFSI, Government & Public Sector, Real Estate), By Region - Industry Forecast 2024-2031

Drivers

Growing Investments in Smart City Projects to Augment Market Growth

• 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.

Restraints

Initial CAPEX for Infrastructure is Likely to Hinder Market Growth

• Enterprises are swiftly embracing digitalization through the integration of emerging technologies to streamline and expedite their business operations effectively. While mobile mapping solutions offer advantages such as accelerated scanning, heightened flexibility, and enhanced security, they also contribute to the capital expenditure (CAPEX) of companies. To leverage comprehensive mobile mapping solutions, organizations must be prepared for substantial investments in various components such as scanners, encoders, cameras, and other essential IT software.