Stratview Research has recently published a report on the Mobile Mapping Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.

The market is segmented by Component Type (Hardware [Imaging Device, Laser Ranging & Scanning Device, and Positioning Device], Software [Mapping Data Extraction and Data Processing], and Service [Consulting, Integration & Maintenance, and Managed Service]), by Application Type (Asset Management, Vehicle Control & Guidance, GIS Data Collection, Road & Railroad Surveys, and Others), by End-Use Type (Agriculture, BFSI, Government & Public Sector, Real Estate & Infrastructure, Retail, Telecommunication, Mining, and Transportation & Logistics), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Mobile Mapping Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Mobile Mapping Market is expected to grow from USD 26.9 billion in 2021 to reach USD 93.58 billion by 2028 at an impressive CAGR of 19.25% during the forecast period.

Some of the companies drive the market growth:

  • Apple Inc.,
  • AISAN Technology,
  • Autonavi,
  • Baidu,
  • Black & Veatch,
  • Cycolmedia Technology B.V.,
  • EveryScape, Inc.,
  • Foursquare Labs, Inc.,
  • Garmin International,
  • Google LLC.,
  • Leica Geosystems Inc.,
  • Mapquest,
  • Microsoft Corporation,
  • Mitsubishi Electric Corporation,
  • NAVTEQ Corp.,
  • NCTech,
  • NovAtel Inc.,
  • PASCO,
  • PhaseOne,
  • Pointgrey/ FLIR Integrated Imaging Solutions,
  • Qualcomm Inc.,
  • Teledyne Optech Incorporated,
  • TomTom International BV,
  • Topcon Positioning Systems, Inc.,
  • Trimble, Inc.

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Segments Analysis

By Component Type

The market is segmented as hardware, software and service. Hardware component is expected to lead the market during the assessment period, owing to increase in the growth of hardware components and systems such as LiDAR scanners, 360-degree video systems, and IMUs. Companies specializing in these systems, such as Topcon, Trimble, and 3D Laser Mapping, invest heavily in R&D to focus on product innovation and new product development. The goal of the strategy is to get a competitive edge in the fast-changing mobile mapping landscape.

Regional Analysis

Europe is estimated to be the leading region in the market during the assessment period due to the rapid development of autonomous vehicles, as well as the growing demand for location-aware technologies, characterized by the European industry demand. According to the European Global Navigation Satellite Systems Agency, around three billion mobile applications currently rely on positioning data, opening up new economic opportunities. Several EU states, such as Germany, Italy, and the United Kingdom, are also heavily utilizing mapping tools for defense purposes, generating lucrative growth opportunities.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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