Press release
Future of the Global Mobile Mapping Market: Trends, Innovations, and Key Forecasts Through 2034
Mobile Mapping Market
Mobile Mapping Market Size Growth Forecast: What to Expect by 2025?
In recent years, there has been a swift expansion in the market size of mobile mapping. The market, which is expected to grow from $46.8 billion in 2024 to $54.08 billion in 2025, predicts a compound annual growth rate (CAGR) of 15.6%. This upward trajectory during the historic period can be traced back to several factors such as applications in transportation and navigation, infrastructure development projects, management and inventory of assets, growing interest in 3d mapping, and the urbanization and smart city initiatives.
How Will the Mobile Mapping Market Size Evolve and Grow by 2029?
The market size for mobile mapping is predicted to experience tremendous growth in the approaching years, eventually reaching $114.62 billion by 2029, with a compound annual growth rate (CAGR) of 20.7%. This growth within the projected period is credited to various factors such as environmental monitoring and conservation, precision agriculture, indoor mapping and navigation, tourism and location-based services, humanitarian aid and disaster response, and customized mapping solutions. The forecast period will witness significant trends like the integration of lidar technology, advancement in sensor technologies, increased adoption of 3D mapping, real-time data capture, and processing and cloud-based mapping services.
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What Drivers Are Propelling the Growth of Mobile Mapping Market Forward?
The proliferation of smart city initiatives is forecasted to spur the expansion of the mobile mapping market. These initiatives involve the use of IoT and network interconnections to bolster the effectiveness and convenience of urban life. This encompasses everything from intelligent traffic systems and data-inspired energy efficiency programs to electric vehicle charging units and interactive terminals providing free internet access. Mobile mapping plays a crucial role in consolidating all facets of city administration and planning, the harmonious operation, and cooperation of various smart city ecosystem stakeholders. For example, the Ministry of Housing and Urban Affairs, a sector of the Indian Government, reported in November 2023 that there are a total of 7,947 smart city projects in India. Of these, 6,196 are completed and 1,751 are still in progress. Thus, the increasing number of smart city initiatives is fuelling the growth of the mobile mapping market.
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Which Emerging Trends Are Transforming the Mobile Mapping Market in 2025?
The emergence of novel product innovations is a trending factor gaining traction in the mobile mapping market. Premier companies within this market are honing their focus on such innovation to bolster their market positioning. For instance, in April 2022, the Japanese optical equipment manufacturing firm, Topcon Corporation, introduced the IP-S3, the latest 3D mobile mapping system model. Notably, the IP-S3 model is both lighter and smaller than its predecessors and boasts an impressive scanning speed, five times faster. This system blends an Inertial Measurement Unit (IMU) and GNSS receiver with the vehicle's already existing electronics to facilitate high-density mobile digital photography. The incorporated software suite delivers a comprehensive processing workflow that transmutes the raw sensor data collected by the IP-S3 system into detailed and accurate point clouds and pictures.
What Are the Key Segments in the Mobile Mapping Market?
The mobile mappingmarket covered in this report is segmented -
1) By Type: 3D Mapping, Licensing, Indoor Mapping, Location Based Services, Location Based Search
2) By Component: Hardware, Software, Services
3) By Application: Road Surveys, Topographic Mapping, 3D Modeling, Asset Management, Other Applications
4) By Industry Vertical: Oil And Gas, Real Estate, Telecommunication, Manufacturing, Transportation And Logistics, Energy and Utilities, Other Industry Verticals
Subsegments:
1) By 3D Mapping: Point Clouds, Digital Elevation Models (DEMs), Digital Surface Models (DSMs), 3D Models For Urban Planning, 3D Models For Construction
2) By Licensing: Software Licensing, Data Licensing, Application Licensing, API Licensing
3) By Indoor Mapping: Floor Plans, Navigation Solutions, Asset Tracking, Space Management Solutions
4) By Location-Based Services (LBS): Geolocation, Proximity Marketing, Fleet Management, Mobile Payment Services
5) By Location-Based Search: Local Search Engines, Augmented Reality (AR) Search, Voice Search Services, Map Integration Services
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Who Are the Key Players Shaping the Mobile Mapping Market's Competitive Landscape?
Major companies operating in the mobile mapping market include Apple Inc., Trimble Geospatial, TomTom N. V., Mitsubishi Electric Corporation, Topcon Positioning Systems Inc., NovAtel Inc., Garmin Ltd., Google LLC, Microsoft Corporation, Qualcomm Incorporated, Telefonaktiebolaget LM Ericsson, Leica Geosystems, FARO Technologies Inc., Trimble Inc., Hexagon AB, NGC Aerospace Ltd., IGI GmbH, Huron Geomatics Inc., The Sanborn Map Company Inc., Javad GNSS Inc., Teledyne Optech, Imajing SAS, Cyclomedia Technology BV, INRIX Inc., Baidu Inc., Black and Veatch, Four Square Labs, MapQuest, Foursquare Labs, Mapbox, Esri
What Geographic Markets Are Powering Growth in the Mobile Mapping Market?
North America was the largest region in the mobile mapping market in 2024.The regions covered in the mobile mapping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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