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Mobile Mapping Market Analysis

Report ID: GMI2652
Published Date: Feb 2023
Report Format: PDF

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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.

Global Mobile Mapping Market, By Region

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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.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of mobile mapping valued at USD 20 billion in revenue in 2022 and is set to progress at more than 15% CAGR over the next 10 years, owing to rising investment in smart city projects and city management initiatives and the burgeoning use of smartphones globally.

The road & railways survey segment accounted for USD 3 billion in revenue in 2022, owing to the extensive use of vehicle-mounted laser and image measurement equipment.

The software segment is expected to grow at 20% CAGR till 2032, as a result of the surging demand for advanced location-based data extraction, processing, and post-processing software solutions.

The market for mobile mapping in the North America region is slated to garner a valuation of over USD 35 billion by 2032, on account of the widespread use of inexpensive sensors and GPS-enabled mobile computing devices in the region.