Mobile Mapping Market Segmentation by Verticals (Government, Real Estate, Oil & Gas, and Others); by Component (Services, Hardware, and Software); and by Application (Aerial, and Land Surveys)-Global Demand Analysis & Opportunity Outlook 2031

Global Mobile Mapping Market Highlights Over 2022 - 2031

The global mobile mapping market is estimated to grow at ~16% CAGR over the forecast period, i.e., 2022 – 2031. Moreover, the market registered a revenue of approximately USD 27.0 billion in 2021. The growth of the market can be attributed to the development of smart cities, for which database is required in the form of 3D models and maps. Furthermore, mobile mapping technology contributes to digitalization at a faster pace with the mobile device. Moreover, there has been an increase in the percentage of urbanization that will contribute to the development of smart cities. As per the United Nations, 68 per cent of the world’s population will live in urban areas by the end of 2050. Moreover, the surge in the sale of smartphones is expected to drive the growth of the global mobile mapping market.

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The global mobile mapping market is segmented by components into services, hardware, and software. Out of which, the hardware segment is expected to hold the largest share in the global mobile mapping market over the forecast period. This can be attributed to the inclusion of scanners and sensors in the hardware segment that is used for the generation of accurate information during surveys and mapping.

Global Mobile Mapping Market Regional Synopsis

Regionally, the global mobile mapping market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. On the strength of the presence of major players and a large number of urban population, the market in the North America region is expected to hold the largest share over the forecast period. As per the United States Census Bureau, 80 per cent of the U.S population lives in urban cities. Moreover, the market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of an increase in the percentage of urban population and development of smart cities. According to the World Bank, the China’s urban population has increased from 108,085,352 in 1960 to 866,705,688 in 2020.

Market Segmentation

Our in-depth analysis of the global mobile mapping market includes the following segments:

By Verticals

• Government

• Real Estate

• Oil & Gas

• Others

 By Component

• Services

• Hardware

• Software

By Application

• Aerial

• Land Surveys

Growth Drivers and Challenges Impacting the Growth of the Global Mobile Mapping Market

Growth Drivers

• Development of smart cities

• Increase in the percentage of urban population

Challenges

• Heavy investment for the mobile mapping system

• Lack of skilled labor for operating mobile mapping system

Key Companies Dominating the Global Mobile Mapping Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global mobile mapping market that are included in our report are TomTom International BV., Trimble Inc., NavVis GmbH, Alphabet Inc., Hexagon AB, Microsoft Corporation, PASCO CORPORATION, Farco Technologies, Inc., Mitsubishi Electric Corporation, Garmin Ltd., and others.

Latest Developments in the Global Mobile Mapping Market:

•  21 December 2021:  Volkswagen's automotive software and technology company, CARIAD, and TomTom International BV., announced that they are together developing a best-in-class navigation product for the Volkswagen Group.

• 22 March 2022: Trimble Inc., and Qualcomm Technologies, Inc. announced the availability of Trimble RTX GNSS technology for Qualcomm Snapdragon 8 Gen 1 and Snapdragon 888 Mobile Platforms. This technology improves the location capabilities of premium Android smartphones around the world.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the client's requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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