Daily Stock Market Reports

Global Mobile Mapping Market (2021 to 2026) – Advent of 5G Network to Deliver Instant


DUBLIN, January 19, 2022–(BUSINESS WIRE)–The “Mobile Mapping Market with COVID-19 Impact Analysis, by Application (Road Surveys, Topographic Mapping, 3D Modelling, Asset Management), Industry Vertical (Oil and Gas, Real Estate, Government) and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The global mobile mapping market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.5% during the forecast period, to reach USD 66.7 Billion in 2026 from USD 27.3 Billion in 2021.

Key factors that are expected to drive the growth of the market are the growing investments in smart city projects, adoption of advanced technology for surveying and mapping and increase in use of geospatial data.

The COVID-19 Impact on the global mobile mapping market

The impact of the COVID-19 pandemic on the market is covered throughout the report. The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a positive impact on the mobile mapping market. Mobile mapping has increasingly gained market traction amid the ongoing COVID-19 pandemic for mapping the travel history and location of infected individuals. Governments are substantially adopting mobile mapping tools to map demographics data and correlate this data with the spread of the disease across a region. At the same time, the pandemic has had a significant impact on hardware manufacturers due to disruptions in the supply chain and government-imposed restrictions.

The topographic mapping segment is expected to hold at a higher market share during the forecast period

Based on applications, the mobile mapping market is segmented into road surveys, topographic mapping, 3D modeling, asset management and other applications. Topographic mapping segment to hold a larger market size during the forecast period. A topographic survey is typically based upon systematic observation and published as a map series, consisting of two or more map sheets that combine to form the whole map.

A topographic map series uses a common specification that includes the range of cartographic symbols employed, as well as a standard geodetic framework that defines the map projection, coordinate system, ellipsoid, and geodetic datum. Official topographic maps also adopt a national grid referencing system. Recent advances in mobile mapping technology enable new capabilities and complement or even replace traditional survey methods of topographical surveying.

Manufacturing industry vertical is expected to grow at a higher CAGR during the forecast period

The manufacturing industry vertical to grow at a higher CAGR during the forecast period. The manufacturing vertical faces various challenges, such as cargo, machinery, and equipment tampering; uneven operational workflow; false trade billing; liability protection; property damages; fires; and raw material thefts. Security of the staff, inventory, machinery, plant, and tools have to be managed and controlled to avoid any type of damages and provide an accident-free working environment. These challenges can be addressed using advanced and intelligent mobile mapping solutions.

Mobile mapping technology further enables organizations to monitor the working environment and employee activities by providing increased workplace safety, preventing losses, monitoring daily operations, saving time and efforts by remote monitoring, and reducing OPEX. Further, mobile mapping technology plays an important role in the production of autonomous driving technology as it provides the digital world to meet the navigation safety requirements of future autonomous vehicle applications. Thus, car manufacturers utilize mobile mapping technology to produce accurate navigation services to meet the demand from the automotive industry.

APAC to grow at the highest CAGR during the forecast period

The mobile mapping market is segmented into five regions: North America, Europe, APAC, MEA, and Latin America. The mobile mapping market in APAC is expected to witness exponential growth, mainly because of the rising awareness and development of smart city projects, and the growing manufacturing industry. The rapid growth in mobile device manufacturing has considerably reduced the cost of cameras, scanners, and other components, thereby making it cheaper for SMEs and private individuals to utilize location-based services.

Market Dynamics

Drivers

  • Growing Investments in Smart City Projects

  • Adoption of Advanced Technology for Surveying and Mapping

  • Increase in Use of Geospatial Data

Restraints

Opportunities

Challenges

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/tvn62r

View source version on businesswire.com: https://www.businesswire.com/news/home/20220119005697/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900



Read More: Global Mobile Mapping Market (2021 to 2026) – Advent of 5G Network to Deliver Instant

You might also like