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Mobile Mapping Market is Projected to grow USD 66.7 billion in 2026, at a CAGR 19.5%

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Mobile Mapping Market is Projected to grow USD 66.7 billion in 2026, at a CAGR 19.5%

by Press Room
March 9, 2023
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(EMAILWIRE.COM, March 09, 2023 ) According to a research report “Mobile Mapping Market with COVID-19 Impact Analysis, by Application (Road Surveys, Topographic Mapping, 3D Modelling, Asset Management), Industry Vertical (Oil and Gas, Real Estate, Government) and Region – Global Forecast to 2026″ published by MarketsandMarkets, the global market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.5% during the forecast period, to reach USD 66.7 billion in 2026 from USD 27.3 billion in 2021.
Key factors that are expected to drive the growth of the market are the growing investments in smart city projects, adoption of advanced technology for surveying and mapping and increase in use of geospatial data.

Browse 162 market data Tables and 46 Figures spread through 167 Pages and in-depth TOC on “Mobile Mapping Market”

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=198266968

Mobile mapping market technology further enables organizations to monitor the working environment and employee activities by providing increased workplace safety, preventing losses, monitoring daily operations, saving time and efforts by remote monitoring, and reducing OPEX. Further, mobile mapping technology plays an important role in the production of autonomous driving technology as it provides the digital world to meet the navigation safety requirements of future autonomous vehicle applications. Thus, car manufacturers utilize mobile mapping technology to produce accurate navigation services to meet the demand from the automotive industry.

The manufacturing vertical faces various challenges, such as cargo, machinery, and equipment tampering; uneven operational workflow; false trade billing; liability protection; property damages; fires; and raw material thefts. Security of the staff, inventory, machinery, plant, and tools have to be managed and controlled to avoid any type of damages and provide an accident-free working environment. These challenges can be addressed using advanced and intelligent mobile mapping solutions.

Based on applications, the mobile mapping market is segmented into road surveys, topographic mapping, 3D modeling, asset management and other applications. Topographic mapping segment to hold a larger market size during the forecast period. A topographic survey is typically based upon systematic observation and published as a map series, consisting of two or more map sheets that combine to form the whole map.

A topographic map series uses a common specification that includes the range of cartographic symbols employed, as well as a standard geodetic framework that defines the map projection, coordinate system, ellipsoid, and geodetic datum. Official topographic maps also adopt a national grid referencing system. Recent advances in mobile mapping technology enable new capabilities and complement or even replace traditional survey methods of topographical surveying.

The mobile mapping market is segmented into five regions: North America, Europe, APAC, MEA, and Latin America. The report provides insights into these regional markets in terms of market size, growth rates, future trends, market drivers, and COVID-19 impact. North America is expected to hold the highest market share in the overall market during the forecast period. Following North America, Europe is expected to hold the second-highest market share during the forecast period.

The presence of many mobile mapping vendors in the US and high awareness among enterprises about the benefits of mobile mapping solutions as part of strong marketing strategies, Investments in various technologies, including AI, IoT, big data, AR, and VR, and the growing rate of adoption of cloud services expected to drive the market in North America. Europe and MEA are also expected to witness high growth rates during the forecast period.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=198266968

The mobile mapping market comprises major providers, such as Apple (US), AutoNavi (China), Black & Veatch (US), Garmin International (US), Google (US), Land Surveys (Australia), MapQuest (US), Microsoft (US), Mitsubishi Electric Corporation (Japan), Novatel Inc (Canada), Qualcomm (US), Comtech Telecommunications (US), Trimble (US), Ericsson (Sweden), TomTom (Netherlands), Foursquare Labs (US), Pasco Corporation (Japan), Topcon (Japan), NavVis (Germany), GeoSLAM (England), and Leica Geosystems (Switzerland). The study includes an in-depth competitive analysis of key players in the industry with their company profiles, recent developments, COVID-19 developments, and key market strategies.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook.

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