Mobile Mapping Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast By 2033
- PUBLISHED ON
- 2023-06-02
- NO OF PAGES
- 268
- CATEGORY
- Information Communication & Technology
Mobile Mapping Market size was valued at USD 31.56 billion in 2022, and is projected to reach USD 72.57 billion by 2033 at a CAGR of 18.5% from 2022 to 2033.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 31,560 million |
Market Forecast in 2033 | USD 72,570 million |
CAGR % 2023-2033 | 18.5% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Google Maps, Apple Maps, Here Technologies, TomTom NV, Mapbox, Waze, OpenStreetMap, Bing Maps, ArcGIS Online, Sygic, Garmin, Telenav, GeoBingAn, Zenrin, NavInfo, |
Mobile mapping involves the use of mobile devices, such as smartphones, tablets, and specialized vehicles equipped with cameras, LIDAR, and other sensors to capture geospatial data. This data is then processed and analyzed to create maps and 3D models of the environment.
Increasing demand for accurate and up-to-date location-based services (LBS) that can be accessed from mobile devices, growing adoption of smartphones and tablets, which have GPS capabilities and can be used for mobile mapping and navigation, advances in mobile technology, including better sensors and cameras, improved battery life, and faster processing speeds, which make it easier to capture and process geospatial data, increasing use of mobile mapping in various industries, such as transportation, logistics, construction, and real estate, to improve efficiency and reduce costs, growing demand.
Increasing demand for geospatial data is propelling the market growth
With the growing need for accurate and up-to-date geospatial data in various industries, the demand for mobile mapping technology is also increasing. Industries such as transportation, construction, and urban planning require accurate data to make informed decisions, and mobile mapping technology can provide them with that data.
Geography:
The North America Mobile Mapping Market is a growing market that is driven by increasing demand for accurate geospatial data and advancements in technology. In recent years, the market has been impacted by several government initiatives aimed at improving the quality and accessibility of geospatial data.
Many cities in North America are investing in smart city initiatives aimed at improving the quality of life for residents. These initiatives often involve the use of mobile mapping technology to create 3D models of the city and to improve transportation planning, infrastructure management, and emergency response.
Recent Developments:
• In August 2021, Trimble, a leading provider of GPS technology and geospatial solutions, announced the acquisition of Azteca Systems LLC, a provider of enterprise asset management software for public works and utilities.
• In July 2021, HERE Technologies, a leading provider of location-based services and mapping technology, announced the acquisition of VeriLocation, a UK-based provider of fleet management solutions.
• In December 2020, Bentley Systems, a software development company specializing in infrastructure and construction, acquired Vista Data Vision, a provider of environmental monitoring solutions using IoT and AI technologies.
• In January 2020, Apple Inc. acquired Xnor.ai, an AI startup specializing in low-power, edge-based machine learning.
Impact of the Russia-Ukraine War on the global Mobile Mapping Market:
The ongoing conflict between Russia and Ukraine has had several impacts on the global market, particularly on energy, defense, and commodities markets. Russia is one of the largest oil and gas exporters in the world, and Ukraine is an important transit country for Russian gas exports to Europe.
Company Profiles:
• Google Maps
• Apple Maps
• Here Technologies
• TomTom NV
• Mapbox
• Waze
• OpenStreetMap
• Bing Maps
• ArcGIS Online
• Sygic
• Garmin
• Telenav
• GeoBingAn
• Zenrin
• NavInfo
Segmentation:
By Component
• Hardware
• Software
• Services
By Application
• Surveying and Mapping
• Construction
• Infrastructure Management
• Mining
• Agriculture
• Environmental Management
• Others
By End-User
• Transportation
• Government
• Military and Defense
• Engineering and Construction
• Others
Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
The global Mobile Mapping Market size was valued at USD 31.56 billion in 2022, and is projected to reach USD 72.57 billion by 2033 at a CAGR of 18.5% from 2022 to 2033.
What are the drivers shaping various markets?
Increasing demand for geospatial data is propelling the market growth: - With the growing need for accurate and up-to-date geospatial data in various industries, the demand for mobile mapping technology is also increasing. Industries such as transportation, construction, and urban planning require accurate data to make informed decisions, and mobile mapping technology can provide them with that data.
Who are the key competitors of market Players?
Some of the major players operating within the market are Google Maps, Apple Maps, Here Technologies, TomTom NV, Mapbox, Waze, OpenStreetMap, Bing Maps, ArcGIS Online, Sygic, Garmin, Telenav, GeoBingAn, Zenrin, NavInfo.
What are the top performing segments, and countries / regions of each of the markets?
The North America Mobile Mapping Market is a growing market that is driven by increasing demand for accurate geospatial data and advancements in technology. In recent years, the market has been impacted by several government initiatives aimed at improving the quality and accessibility of geospatial data.
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