Mobile Mapping Technology For Smart Cities Is Designed To Improve People’s Quality
The global mobile mapping market size is expected to reach USD 127.63 Billion in 2030 and register a revenue CAGR of 19.2% over the forecast period, according to a latest report by Reports and Data. Increase in adoption of mobile devices and increase in introduction of improved mobile network connections are expected to drive market revenue growth during the forecast period. Automated Driving System (ADS) on vehicle is becoming more widespread which is also expected to boost revenue growth of the market. A steady flow of product development investment and research activities has boosted the global mobile mapping market significantly. The increased interest in mobile mapping apps from internet companies and manufacturers is projected to significantly boost mobile mapping market revenue growth during the forecast period.
In today’s fast paced world, internet connectivity is playing a vital
role in urban as well as rural areas. Startups are focusing on developing new
technological solutions to address these infrastructural issues. The mapping
and development of a better network for the e-commerce logistics industry is a
key focus area. The device's map then directs the field executive in sequential
order to his distribution sites. While the downloaded map is offline, the
delivery executive's activity is tracked in real-time, allowing for dynamic
routing of new delivery or pick-up requests based on the executive's position.
However, high cost of system acquisition is expected to hamper revenue
growth of the market during the forecast period. Enterprises are rapidly
embracing digitalization by implementing innovative technology to streamline
and optimize their business operations. Mobile mapping solutions may speed up
the process of scanning the surroundings, boost flexibility, and improve
security, but still contribute to a company's capital expenditure. Scanners,
encoders, cameras, and other IT applications would be necessary for companies
searching for full mobile mapping solutions. Companies also have to
pay more money to safeguard the gadgets and the entire network. In firms with
limited budgets, the initial expense of using mobile mapping systems will limit
uptake. As a result of the high cost of system acquisition and deployment, such
systems are rarely used for routine road corridor surveys. Therefore, it poses
a challenge to the mobile mapping market.
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Some Key Highlights
in the Report
- Hardware segment
is expected to account for largest revenue share in the global mobile
mapping market over the forecast period, owing to rising demand for in-car
navigation. This is expected to drive the market revenue growth during the
forecast period.
- Enterprise
segment is expected to grow at steady revenue growth over the forecast
period owing to increasing adoption of mobile mapping technology among
enterprises for providing reliable and precise time and location-based
information services in order to enable cost-effective futuristic planning
of cities, transportation, and services.
- Asia Pacific
mobile mapping market is expected to account for largest revenue share in
the global market over the forecast period due to the rapid increase in
adoption of mobile mapping technology across industry verticals such as
manufacturing, government, banking and financial services, real estate,
telecommunications, and transportation among others in countries in the
region.
- Companies profiled in the global market report
include Apple Inc., Google LLC, Microsoft Corporation, Black and Veatch
Holding Company, Mitsubishi Electric Corporation, NovAtel Inc.,
Telefonaktiebolaget LM Ericsson, Comtech Telecommunications Corp., Trimble
Inc., and Pasco Corporation.
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For the purpose of this report, Reports and
Data has segmented the global mobile mapping market based on component, user
type, application, end use, and region:
Mounting Type
Outlook (Revenue, USD Billion; 2019-2030)
- Vehicle-Mounted
- Railway-Mounted
- Drone-Mounted
- Boat-Mounted
- Others
Deployment Outlook
(Revenue, USD Billion; 2019-2030)
- Cloud
- On-premise
- Others
Application Outlook
(Revenue, USD Billion; 2019-2030)
- Road mapping
- 3D city
modelling
- Environmental
monitoring
- Autonomous
navigation
- Archeological
scanning
- Others
Regional Outlook
(Revenue, USD Billion; 2019-2030)
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East
& Africa
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This market study presents
critical information and factual data about the market providing an overall
statistical study of this market on the basis of market drivers, limitations
and its future prospects.
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