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Mobile Mapping Market Size

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

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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.

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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.

Mobile Mapping Market Report Attributes
Report Attribute	Details
Base Year:	2022
Mobile Mapping 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:	Rising demand for terrestrial mobile mapping in telecommunication and transportation Increasing penetration of mobile devices Increasing investment in city planning and smart city projects Improved network connectivity Growing role of optic fiber technology in driving smart cities
Pitfalls & Challenges:	Concerns regarding data accuracy High initial investment

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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.

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.