ICT-IOT

Mobile Mapping Market

Global Industry Analysis and Forecast 2024-2031

Pages : 120

Base Year : 2023

Released Year : March 2024

Format :Pdf Ppt Xls

Report ID:KR583

Author : Saket A.

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Base Year

2023

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Forecast Year

2024-2031

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Historical Years

2019-2022

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Market Value (2023)

USD 26.11 Billion

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Forecasted Value (2031)

USD 103.15 Billion

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CAGR (2024 - 2031)

19.03%

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Fastest Growing Region (2024 - 2031)

Asia Pacific

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Largest Region

North America

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By Application

Road Surveys, Topographic Mapping, 3D Modeling, Asset Management, Others

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By Industry Vertical

Construction & Real Estate, Energy & Utilities, Transportation & Logistics, Others

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By Technology

GNSS (Global Navigation Satellite System), LiDAR (Light Detection and Ranging), Radar

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By Component

Hardware, Software, Services


Market Perspective

The global Mobile Mapping Market was valued at USD 26.11 billion in 2023 and is projected to reach USD 103.15 billion by 2031, growing at a CAGR of 19.03% from 2024 to 2031.

The global mobile mapping market is poised to witness robust growth mainly driven by the widespread adoption of smartphones and tablets, which has significantly increased the demand for mapping and navigation services on mobile devices. This trend is further fueled by the growing reliance on location-based services for everyday tasks such as finding directions, discovering nearby businesses, and accessing real-time traffic updates. Additionally, advancements in mapping technologies, including improved GPS accuracy, high-resolution satellite imagery, and the integration of augmented reality (AR), are enhancing the user experience and expanding the capabilities of mobile mapping applications. Furthermore, the proliferation of IoT devices and the deployment of 5G networks are creating new opportunities for mobile mapping in areas such as smart cities, autonomous vehicles, and asset tracking. Moreover, the rising investment in infrastructure development and urban planning projects worldwide is driving the demand for mobile mapping solutions in sectors such as construction, transportation, and utilities. Overall, the global mobile mapping market is poised to experience sustained growth, propelled by technological innovation, increasing smartphone penetration, and the growing importance of location-based services across various industries.

Analyst's Review 

The mobile mapping market is experiencing robust growth fueled by its expanding scope of applications and notable technological advancements. The seamless integration of satellite navigation and high-resolution imaging with mobile devices is driving widespread adoption across the consumer and professional segments. This, coupled with the burgeoning growth of smart cities and the increasing sophistication of sensors and data processing algorithms, is creating a fertile ground for innovation.

Market Definition

The global mobile mapping market involves delivering mapping and navigation services through mobile devices like smartphones and tablets. It encompasses mapping services, navigation applications, and location-based services (LBS), utilizing technologies such as GPS, LiDAR, and photogrammetry. This market serves various industry verticals including automotive, transportation, and urban planning, catering to both consumer and enterprise segments. Mobile mapping operates globally, offering geographic coverage with varying features and capabilities across regions. Overall, the market provides users with accurate geographic information, real-time navigation assistance, and personalized location-based services, driving innovation and growth in an increasingly mobile-centric world.

Market Dynamics

Widespread application of mobile mapping across diverse industries is a prominent factor that is fostering market growth. Industries like transportation and logistics are increasingly leveraging mobile mapping for route optimization, fleet management, and asset tracking. Similarly, the construction sector utilizes mobile mapping for tasks like site surveying, progress monitoring, and volume calculation. Furthermore, environmental monitoring and disaster response efforts benefit from the ability of mobile mapping to capture high-resolution data over vast geographical areas. By focusing on developing industry-specific solutions with functionalities tailored to address the unique challenges of each sector, mobile mapping companies are estimated to serve new market segments and drive significant growth.

Additionally, expansion into emerging markets is offering substantial growth opportunities for mobile mapping companies. With increasing smartphone penetration and rapid urbanization in regions such as Asia-Pacific, Latin America, and Africa, there is a growing demand for mapping and navigation services. As reported by GSMA Intelligence, smartphone adoption in emerging markets is expected to reach 80% by 2025, indicating a vast potential user base for mobile mapping applications. By catering to the unique needs and preferences of these markets, such as offline navigation capabilities and localized content, mobile mapping companies can tap into new revenue streams and consolidate their global presence.

Moreover, the integration of mobile mapping services with Internet of Things (IoT) devices presents a promising opportunity for market growth. IoT devices, such as connected vehicles, wearables, and smart home appliances, generate vast amounts of location data that can be leveraged to enhance mapping accuracy, provide personalized services, and enable new use cases. By integrating mobile mapping capabilities into IoT ecosystems, companies can unlock new revenue streams, improve operational efficiency, and deliver seamless connected experiences to users across various touchpoints.

Despite the growth factors, the mobile mapping market faces privacy concerns and regulatory complexity challenges. With the collection and processing of vast amounts of location data, privacy issues have become a growing concern among users and policymakers. Striking a balance between providing personalized services and protecting user privacy poses a challenge for companies operating in this space. Additionally, regulatory frameworks related to data protection and location tracking vary across regions, making the development and deployment of mobile mapping solutions challenging. Key players in the market aim to address these challenges through collaboration imperatives, transparent data practices, and compliance with evolving regulatory requirements.

Segmentation Analysis

The global mobile mapping market is segmented based on application, industry vertical, technology, and geography.

Based on application, the market is categorized into road surveys, topographic mapping, 3D modeling, asset management, and others. The topography mapping segment dominated the market, accounting for USD 7.90 billion in revenue in 2023. Topographic mapping plays a critical role in various industries such as urban planning, land development, and natural resource management, driving consistent demand for accurate and detailed elevation data. Additionally, advancements in mapping technologies, including LiDAR and photogrammetry, have enabled the generation of high-resolution topographic maps with unprecedented accuracy and efficiency. Moreover, the increasing emphasis on infrastructure development projects, particularly in rapidly urbanizing regions, has further fueled the demand for topographic mapping services.

Based on industry vertical, the market is classified into construction & real estate, energy & utilities, transportation & logistics, and others. The construction & real estate segment accounted for the largest market share of 39.65% in 2023. Mobile mapping technologies play a crucial role in various stages of the construction and real estate lifecycles, including site selection, surveying, design, and project management. The ability to access accurate and up-to-date geographic information through mobile mapping applications enhances decision-making processes, improves project efficiency, and reduces costly errors. Additionally, the construction and real estate industries are witnessing rapid digitization and adoption of innovative technologies to streamline operations and enhance competitiveness. Mobile mapping solutions offer unmatched capabilities in visualizing project sites, analyzing terrain, and assessing environmental factors, thereby enabling stakeholders to make informed decisions and mitigate risks. Moreover, surging investments in infrastructure development, rapid urbanization, and mounting demand for property management services worldwide are fueling the adoption of mobile mapping solutions in the construction and real estate sectors.

Based on technology, the market is divided into GNSS (Global Navigation Satellite System), LiDAR, and radar. GNSS is projected to generate a value of USD 43.55 billion by 2031. GNSS technologies, such as GPS (Global Positioning System), GLONASS, and Galileo, serve as the backbone for location-based services and navigation applications, providing accurate positioning information to users worldwide. The widespread adoption of smartphones and connected devices equipped with GNSS receivers has significantly boosted the demand for location-based services, driving the growth of the GNSS segment in the mobile mapping market. Additionally, ongoing advancements in GNSS technology, including the development of next-generation satellite constellations and improvements in accuracy and reliability, further reinforce its dominance in the market. Moreover, the increasing integration of GNSS with other mapping technologies such as LiDAR and radar enhances the capabilities of mobile mapping solutions, enabling precise positioning and navigation in various environments and applications.

Geographical Analysis

Based on region, the global mobile mapping market is classified into North America, Europe, Asia-Pacific, MEA, and Latin America.

Mobile Mapping Market Size & Share, By Region, 2024-2031

North America dominated the market in 2023 with a valuation of USD 9.49 billion. The region boasts a high level of smartphone penetration and technological adoption, providing a strong foundation for the widespread use of mobile mapping services. Additionally, North America is home to several leading companies in the mapping and navigation space, such as Google, Apple, and HERE Technologies, and is contributing substantially to the innovation and advancement of mobile mapping technologies. Furthermore, the region's robust infrastructure and regulatory frameworks support the development and deployment of mobile mapping solutions across various industries, including transportation, logistics, and urban planning. Moreover, the increasing demand for location-based services, particularly in sectors like e-commerce, ride-hailing, and delivery services, is further fueling the growth of the mobile mapping market in North America.

Europe emerged as a prominent region in the mobile mapping market and is projected to generate revenue of USD 19.54 billion by 2031. The region's highly developed transportation infrastructure and urban landscapes are creating a strong demand for accurate navigation and mapping services, driving the adoption of mobile mapping technologies. Additionally, Europe's stringent regulations regarding data privacy and mapping data contribute to the development of reliable and secure mobile mapping solutions, enhancing user trust and adoption. Furthermore, countries in the region are witnessing increasing investments in smart city initiatives, sustainable transportation, and infrastructure development, driving the demand for mobile mapping solutions in urban planning and development projects. Moreover, the presence of key players in the mapping and navigation industry, along with a highly skilled workforce and research ecosystem, fosters innovation and technological advancements in the European mobile mapping market.

Competitive Landscape

The global mobile mapping market will provide valuable insight with an emphasis on the fragmented nature of the industry. Prominent players are focusing on several key business strategies such as partnerships, mergers and acquisitions, product innovations, and joint ventures to expand their product portfolio and increase their respective market shares across different regions. Strategic initiatives, including investments in R&D activities, the establishment of new manufacturing facilities, and supply chain optimization, could create new opportunities for market growth.

The key players in the Mobile Mapping Market are:

Key Developments

  • April 2023 (Acquisition) - Topcon Positioning Systems completed the acquisition of Digital Construction Works (DCW), a company based in the United States that specializes in construction software, data integrations, and services. The expertise of Leveraging DCW's expertise lies in its software integration, Topcon intends to platform, that will enable its Topcon customers to optimize the utilization of construction data across various applications and software. This integration was also purposed to empower contractors to make informed and strategic decisions to enhance their business operations.

The global Mobile Mapping Market is segmented as:

By Application

  • Road Surveys
  • Topographic Mapping
  • 3D Modeling
  • Asset Management
  • Others

By Industry Vertical

  • Construction & Real Estate
  • Energy & Utilities
  • Transportation & Logistics
  • Others

By Technology

  • GNSS (Global Navigation Satellite System)
  • LiDAR (Light Detection and Ranging)
  • Radar

By Component

  • Hardware
  • Software
  • Services

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Middle East & Africa
    • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
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  • Check Icon Regional Market Dynamics
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  • Check Icon Historical Data Up to 5 Years
Frequently Asked Questions (FAQ's)
The global mobile mapping market is projected to reach USD 103.15 billion by 2031, growing at a CAGR of 19.03% from 2024 to 2031.
The global mobile mapping market was valued at USD 26.11 billion in 2023.
The major driving factor for the market growth are integration of advanced mapping technologies across various industry verticals.
Top manufacturers of mobile mapping market are Google LLC, Apple Inc., Topcon, HERE, Bentley Systems Inc., ESRI, Nearmap, Hexagon AB, Trimble Inc., NavVis, and others.
Asia-Pacific is the fastest growing region with the CAGR of 20.36% in the forecasted period (2024-2031) with the market value forecasted to reach at USD 28.99 billion in 2031.
By application, road surveys will hold the maximum share in the mobile mapping market with the revenue value of USD 46.73 billion in 2031.
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