Mobile Mapping Market is estimated to be over USD 14 billion in 2017 and is expected to grow at a CAGR of over 15% over the projected period. The market is driven by the increasing adoption of smartphones and other mobile devices. The traditional mobile mapping systems are expensive due to the need for expensive sensor components. The advent of mobile devices equipped with remote sensing and positioning capabilities allowed the users to use the mapping applications for navigational purposes.
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The software market is anticipated to grow at a CAGR of 15% over the projected timespan. The growing demand for geo-referenced data acquisition and data analysis software among the organizations is driving the mobile mapping market growth. The software assists organizations in simplifying the data extraction process by combining the vital details. It retrieves geographic and spatial data captured by the positioning devices to develop maps and other graphic displays. This data is also used by enterprises to build effective decision support systems, which will drive the market demand.
Hardware sector is leading the mobile mapping market landscape with over 60% share. The market is driven by the growing demand for laser ranging and scanning devices across the globe. The laser ranging and scanning devices market is estimated to grow at a CAGR of over 15% over the projected time frame. This growth can be attributed to the growing adoption of laser scanners as they are easy to operate across demanding environments. The positioning devices are also estimated to grow at a rapid pace due to their widespread adoption among the automotive sector for navigation and driving assistance purposes.
The mobile mapping technology is used for conducting road & rail surveys, collecting GIS data, and developing vehicle control & guidance systems and asset management systems. The road & rail survey market is expected to register a growth rate of over 17% during the forecast period. It is used to analyze the road & rail infrastructure and plan the engineering operations with minimum disruptions. The surveying authorities across the globe are using mobile mapping technology to create maps for the transportation department for road assessment purposes.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & analysis:
3. Black & Veatch
4. Garmin International
6. Land Surveys
9. Mitsubishi Electric Corporation
10. NovAtel Inc.,
. Mobile Mapping Market, By Component
o Imaging device
o Laser ranging and scanner device
o Positioning device
o Mapping data extraction
o Data processing
o Integration & maintenance
. Mobile Mapping Market, By Application
o Road & railway survey
o GIS data collection
o Vehicle control & guidance
o Asset management
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North America dominates the mobile mapping market with more than 40% in 2017. This growth can be attributed to the widespread adoption of GNSS, GPS, and LiDAR technologies across various industry verticals to collect the geospatial data. In addition, the presence of major technological players, such as Apple, Google & Microsoft, in the region has further nurtured the market growth. The availability of low-cost sensors and GPS equipped mobile devices is expected to foster the market.
The European region accounted for over 25% global mobile mapping market in 2017. The increasing investments by the government agencies have accelerated the adoption of mobile mapping technology in the region. The Asia Pacific region will grow at a rapid pace over the forecast timespan. The rapid urbanization of the region and the growing number of infrastructural projects have fostered the growth of the mobile mapping market in the region. Moreover, the widespread adoption of smartphones has also driven the market size.
The prominent players operating in the mobile mapping market are Phoenix LiDAR, Sharp Corporation, Teledyne Optech, TomTom International, Topcon Positioning Systems, MapJack, Mapquest, Navteq, NCTech, Microsoft, Mitsubishi, NovAtel, Phaseone industrial, Hexagon, EveryScape, Foursquare Labs, and XIMEA.
Browse key industry insights spread across 250 pages with 341 market data tables & 38 figures & charts from the report, Mobile Mapping Market in detail along with the table of contents:
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