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Mobile Mapping Market Segmentation, Application, Consumption and Revenue Report 2021-2025

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Apr 22, 2021 (AmericaNewsHour) -- Kenneth Research has published a detailed report on Payment Security Market, which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.

The Mobile Mapping Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe's organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.

Market Synopsis/ Market Dynamics

The global mobile mapping market is expected to expand at 13.42% CAGR during the forecast period. Global mobile mapping market is expected to witness substantial growth during the forecast period. North America is estimated to be a prominent region for mobile mapping market due to the presence of key market players such as Google Inc., Apple Inc., and Microsoft Corporation, investing in the development of mobile mapping solutions across the US, Canada, and Mexico.

Download Sample of This Strategic Report-  https://www.kennethresearch.com/sample-request-10154378

Similarly, Europe is undergoing rapid growth, implementing mobile mapping software and solutions for various industry verticals such as government, banking & financial services, manufacturing, real estate, telecommunication, and transportation. Europe held the second largest market share in mobile mapping in 2017. In July 2018, 3D Laser Mapping merged with GeoSLAM, a UK-based geographical technology solutions provider, to take advantage of new market opportunities, increase the R&D capability, and expand the company's market reach.

The increasing awareness regarding inventory and asset management, increasing adoption of mobile mapping devices, infrastructural development of telecommunication networks, and adoption of mobile mapping technology for various applications, namely automatic detection of traffic lights, road signs, walking pathways, and asset management and tracking are some of the major drivers driving the mobile mapping market.

Market Segmentation

The global mobile mapping market has been segmented on the basis of component, solution, application, end-user, and region. Based on component, the market has been classified into hardware (cameras, sensors, laser scanners, and others), software and services (professional and managed). The hardware segment is expected to dominate the mobile mapping market during the forecast period.

Regional Analysis

The mobile mapping market, by region, has been segmented into Asia-Pacific, North America, Europe, and the rest of the world (RoW). The rising adoption of mobile mapping to gather geospatial data in the North American countries is mainly driving the market growth. Additionally, increasing ownership of smartphones equipped with global positioning systems (GPS) in the US, Canada, and Mexico contribute significantly to the market growth in this region. In the US, growing demand for mobile mapping technology in the transportation sector to facilitate high-precision mapping over long range, capture details regarding road barriers, analyze road surface, locating overhead wires, light poles, and signboards along with route assessment drives the market growth.

Download Sample of This Strategic Report-  https://www.kennethresearch.com/sample-request-10154378

The growing demand for GNSS (Global Navigation Satellite System) data in Mexico drives the adoption of mobile mapping technology in the country. Furthermore, increasing applications of mobile mapping for aerial, land, and water surveys, mapping of public infrastructures such as tunnels, bridges, subways, road inventory, rail inspection, and cartography also drive the market growth in Mexico. In Europe, mobile mapping technology is being utilized for various applications, namely automatic detection of traffic lights, road signs, walking pathways, and asset management and tracking. Growing focus among the European countries for the use of airborne LiDAR-based mobile mapping for urban and rural mapping, transportation, rail asset management, and global information system (GIS) applications also promotes the market growth.

In the Asia-Pacific region, the growing development and penetration of mobile mapping technology in China, Japan, India, Australia, New Zealand, South Korea, and Taiwan is rapidly driving market growth. In addition, Asia-Pacific is expected to witness a high demand for mobile mapping technology for land vehicle navigation, smart highway systems, and smart transport systems. Additionally, advances in network connectivity, increased adoption of smartphones, and growing demand for the survey of roads, bridges, land, and other public infrastructure in the Asian countries are fuelling the market demand in the region.

Companies Covered

The key players of global mobile mapping market are Trimble Inc. (USA), Mitsubishi Electric Corporation (Japan), Google (USA), PASCO CORPORATION (Japan), Huron Geomatics Inc. (Canada), TOPCON CORPORATION (Japan), The Sanborn Map Company Inc (USA), 3D Laser Mapping (UK), Apple Inc. (USA), NAVVIS (Germany), Telefonaktiebolaget LM Ericsson (Sweden), NGC Aerospace Ltd (Canada), FARO Technologies Inc. (USA), Hexagon AB (Sweden), TomTom International BV (Netherlands), IGI mbH (Germany), Hyper Tech (Israel), Gexcel (Italy)and Microsoft Corporation (USA).

Key Developments

In December 2018, Gexcel introduced Heron indoor mobile mapping system, a fully high-definition, 360-degree panoramic camera to digitally document, collect, and georeferenced large data sets and information within indoor environments.

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