(EMAILWIRE.COM, December 11, 2018 ) The global mobile mapping market generated $13.5 billion in 2017 according to a new report by Polaris Market Research. The report Mobile Mapping Market [By Type (Location Based Services, 3D Mapping, Location Based Search, Indoor Mapping, Licensing, Others) By Component (Hardware, Software, Services) By Application (GIS Data Collection, Asset management, Land Survey, Imaging Services, Emergency Response Planning, Others) By End-User (Banking, Financial Services and Insurance, Transportation and Logistics, Telecommunication, Agriculture, Mining, Defense, Public Sector, Others) By Region]: Market Size & Forecast, 2018 2026 indicates that the global mobile mapping market is anticipated to grow at a CAGR of 17.2% during the forecast period.
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Mobile Mapping is the process of collecting geospatial data from a mobile vehicle such as car, quad, boat, or train among others. Mobile vehicles are typically fitted with a range of 360 and HR video, photos and other remote sensing systems, which generate output in the form of GIS data, digital maps and georeferenced images and video. Some applications of mobile mapping include roads, grade separations and design, infrastructure and maintenance, construction and mining, power line mapping, railways and utilities among others.
The demand for mobile mapping has increased over the years owing to rising applications, and, increasing demand of location-based services. The penetration of mobile devices has increased across the globe, supporting the growth of the mobile mapping industry. Increasing demand from telecommunication and transportation sectors, improved network connectivity, and growing applications in city planning and development of smart cities are expected to accelerate the adoption of mobile mapping solutions. Technological advancements, growing demand from defense and automotive sectors, and increasing use in emerging economies further support the growth of the global mobile mapping industry.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Mobile Mapping Market, 2018-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
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North America generated the highest revenue in the global mobile mapping industry in 2018 owing to increasing applications, and growing demand from the commercial sector. Market players are significantly investing in technological innovation in terms of miniaturization & improvement of components along with advancements in mapping software and mapping analytics. Increasing investments by vendors in technological advancements coupled with partnerships and expansion strategies would support the mobile mapping market growth in the coming years.
Competitive Landscape and Key Vendors
The global Mobile Mapping market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the mobile mapping industry. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the mobile mapping market report include Microsoft Corporation, Foursquare Labs, Inc., Tomtom NV, Mapquest, Inc., Trimble Navigation Ltd., Apple Inc., Google Inc., Leica Geosystems Inc., Garmin International, and EveryScape, Inc.
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Key Segments
Type
Location Based Services
3D Mapping
Location Based Search
Indoor Mapping
Licensing
Others
Component
Hardware
Software
Services
Application
GIS Data Collection
Asset management
Land Survey
Imaging Services
Emergency Response Planning
Others
End-User
Banking, Financial Services and Insurance
Transportation and Logistics
Telecommunication
Agriculture
Mining
Defense
Public Sector
Others
Region
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
Latin America
o Brazil
o Rest of Latin America
Middle East and Africa
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
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