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Mobile Mapping Market Size
Mobile Mapping Market size surpassed USD 20 billion in 2022 and is projected to register 15% CAGR from 2023 to 2032, driven by the burgeoning use of smartphones globally.
Continuous developments in mobile devices, including innovations and next-generation product launches, are positively influencing the live-streaming market. For instance, in September 2022, tech behemoth Apple introduced the new iPhone 14 and iPhone 14 Pro with emergency SOS via satellite feature. The mounting penetration of mobile devices is likely to foster the deployment of mobile mapping solutions worldwide.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 20 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 15% |
| 2032 Value Projection: | USD 100 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 230 |
| Tables, Charts & Figures: | 440 |
| Segments covered: | Component, Application, End-use, and Region |
| Growth Drivers: | |
| Pitfalls & Challenges: |
Rising investment in smart city projects and city management initiatives is foreseen to further propel the mobile mapping market growth. Governments are employing smarter ways to analyze and integrate infrastructure, manage complexity, increase efficiency and improve standards of living due to a surge in urban population and rapid area expansion. Moreover, in April 2022, the Government of France announced the release of a new system for proving digital identity via smartphones known as the SGIN, which automates personal information. The app was designed to aid in population control and identification.
Data inaccuracy issues may restrain industry progression
Significant concerns regarding the veracity of the data are a major factor restraining the business growth for mobile mapping. In many cases, inaccurate data lead to real-world repercussions. Erroneous data can result in a wrong individual being charged with a crime in law enforcement, a fatal error in patient care in the field of healthcare, and substantial costly errors in the development of a retail firm. However, positional correctness is crucial for mapped assets and derived vector data to preserve the quality of the geospatial information. Nevertheless, notable advancements, including the mobile laser scanning point clouds and semi-automated extraction, are set to aid manufacturers in overcoming this issue.
Mobile Mapping Market Analysis
The mobile mapping market from the software segment is poised to attain 20% gains during 2023 to 2032, owing to the surging demand for advanced location-based data extraction, processing and post-processing software solutions for feature-rich map construction is pushing product espousal. In September 2022, Trimble Company, an industrial technology firm, expanded its GIS data collection software with the introduction of the new Trimble Terra Premium edition with GNSS Correction services.
The industry size from the mapping data extraction software segment is primed to reach USD 25 billion by 2032. Enterprises leverage valuable information to visualize the data and create efficient decision support systems. With the widespread use of mobile mapping applications across varied sectors, companies are creating appropriate tools to streamline the data extraction process. For example, Astera’s ReportMiner, a data extraction solution introduced in June 2022, enables users to extract data from various file formats.
The mobile mapping market from transport & logistics application captured 35% revenue share in 2022. The transportation industry is strongly dependent on GIS technology, mainly driven by the increasing number of vehicles, to efficiently manage, plan, assess and maintain transportation systems, which is fueling the market revenue. In December 2022, DTDC, India’s largest logistics firm, partnered with what3words, a geocode system services provider, for its location technology that allows customers to add their address for easy & quick deliveries.
The industry revenue from road & railway surveys segment registered USD 3 billion in 2022. Extensive use of vehicle-mounted laser and image measurement equipment for effective rail network mapping is encouraging market players to offer cutting-edge mobile mapping systems for railway survey procedures.
The North America mobile mapping market is estimated to amass USD 35 billion by 2032, due to the widespread use of inexpensive sensors and GPS-enabled mobile computing devices. In November 2022, Velodyne Lidar Inc., a lidar technology firm, inked a partnership agreement with GreenValley International to offer LiDAR sensor for 3D mapping, including areas that were inaccessible with GPS. Additionally, the escalating demand for cutting-edge technologies in transportation systems, such as GNSS, has further pushed the regional business overview.
Mobile Mapping Market Share
Some of the leading companies involved in the global business scenario include
- Google LLC
- Apple Inc.
- Microsoft Corporation
- Alibaba Group
- aidu Inc.
These companies majorly engage in strategic partnerships and collaborations as well as product expansion tactics to propel their market standing. In addition, in January 2022, Ericsson, a Swedish telecom and networking firm, collaborated with Here Technologies, a location data and technology platform, to offer custom mapping capabilities with smart mining specifications in real time to the mining industry.
Impact of COVID-19 pandemic
The COVID-19 pandemic outbreak had a positive impact on the mobile mapping industry as a result of the lucrative opportunities provided by the need for spatiotemporal analysis of coronavirus cases geographically. GIS technology aided in tracking and monitoring as well as limiting the spread of the disease. Coronavirus tracking applications launched around the world incorporated mobile mapping technology, which has been lucrative for business growth.
This market research report on mobile mapping includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD from 2018 to 2032 for the following segments:
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Market, By Component
- Hardware
- Imaging Devices
- Laser Ranging & Scanning Devices
- Positioning Devices
- Software
- Mapping Data Extraction
- Data Processing
- Service
- Consulting
- Integration and Maintenance
- Managed Service
Market, By Application
- Road & Railway Surveys
- GIS Data Collection
- Vehicle Control & Guidance
- Asset Management
Market, By End-use
- Agriculture
- BFSI
- Government & Public Sector
- Real Estate
- Retail
- Mining
- Telecommunication
- Transport & Logistics
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ANZ
- South Korea
- Southeast Asia
- RoAPAC
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of MEA
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