Mobile Mapping Market to cross USD 40 billion by 2024

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Mobile Mapping Market to grow at 15 CAGR from
2018 to 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Mobile Mapping Market

• Mobile Mapping Market was estimated to be over
  USD 14 billion in 2017 and is set to be over USD
  40 billion by 2024 according to a new research
  report by Global Market Insights, Inc. The mobile
  mapping market is propelled by the increasing
  adoption of mobile devices such as smartphones
  and tablets across the globe. Smartphone users
  are extensively using mapping applications on
  their devices for navigation and driving
  assistance.
• Furthermore, they are also leveraging on the GIS
  and GPS applications to access geo-referenced
  data for searching nearby restaurants, cinema
  halls, and other landmarks. This is encouraging
  the technology companies to commence mapping
  across the globe to acquire accurate GIS data and
  provide an enhanced customer experience. The
  high initial investment is a major factor
  limiting the growth of the mobile mapping market.
  Currently, the market comprises a few major
  players with a long-standing expertise in
  location-based technologies. The high initial
  investments in developing mobile mapping systems
  and assembling major components have restricted
  the entry of new players in the market.

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Continued...

• The mobile mapping technology is used for
  conducting road rail surveys, collecting GIS
  data, and developing vehicle control guidance
  systems and asset management systems. The road
  rail survey market is expected to register a
  growth rate of over 17 during the forecast
  period. It is used to analyze the road rail
  infrastructure and plan the engineering
  operations with minimum disruptions. The
  surveying authorities across the globe are using
  mobile mapping technology to create maps for the
  transportation department for road assessment
  purposes.
• The agriculture sector is estimated to grow at a
  CAGR of 22 during the forecast timeline. The
  integration of the GPS and GNSS devices into the
  farming process to acquire geospatial data is the
  primary factor driving the mobile mapping market
  share. Furthermore, the ability of the mobile
  mapping technology to monitor the crop yield and
  land variability also augments the demand for the
  technology among the farmers.

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U.S. Mobile Mapping Market Revenue, By Component

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Continued...

• The European region accounted for over 25 global
  mobile mapping market in 2017. The increasing
  investments by the government agencies have
  accelerated the adoption of mobile mapping
  technology in the region. For instance, in 2017,
  the UK government established the Geospatial Data
  Commission to frame a strategy for using the
  public-sector location data to support the
  countrys growth.
• The Asia Pacific region will grow at a rapid pace
  over the forecast timespan. The rapid
  urbanization of the region and the growing number
  of infrastructural projects have fostered the
  growth of the mobile mapping market in the
  region. Moreover, the widespread adoption of
  smartphones has also driven the market size.

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Continued...

• The prominent players operating in the mobile
  mapping market are Phoenix LiDAR, Sharp
  Corporation, Teledyne Optech, TomTom
  International, Topcon Positioning Systems,
  MapJack, Mapquest, Navteq, NCTech, Microsoft,
  Mitsubishi, NovAtel, Phaseone industrial,
  Hexagon, EveryScape, Foursquare Labs, and XIMEA.
  The major companies in the market are
  collaborating with other expert companies in the
  market to develop new product offerings and
  conduct strategic acquisitions to gain a
  competitive advantage over its competitors.
• For instance, in 2017, Garmin acquired Navionics,
  a provider of electronic navigational charts to
  the marine industry. This acquisition is aimed at
  combining the data from Navionics charts and
  Garmins blue charts to develop improved
  navigational services to its customers.
  Similarly, in 2017, Hexagon entered into an OEM
  partnership with Smart Guided Systems to develop
  new precision technologies for commercial
  applications.

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Industry Coverage

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Table OF Content
Chapter 1. Methodology Scope 1.1.
Methodology 1.1.1. Initial data
exploration 1.1.2. Statistical model and
forecast 1.1.3. Industry insights and
validation 1.1.4. Scope 1.1.5. Definitions 1.1.6.
Methodology forecast parameters 1.2. Data
Sources 1.2.1. Secondary 1.2.1.1. Paid
sources 1.2.1.2. Public sources 1.2.2.
Primary Chapter 2. Executive Summary 2.1.
Mobile mapping industry 360? synopsis, 2013
2024 2.2. Global mobile mapping market, by
region 2.3. Global mobile mapping market, by
component 2.3.1. Global mobile mapping market, by
hardware 2.3.2. Global mobile mapping market, by
software 2.3.3. Global mobile mapping market, by
service
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