Global Mobile Mapping Market Size, Share, Growth Analysis, By Component, By Technology, By Mounting, By Application, By End-use - Industry Forecast 2024-2031

Global Mobile Mapping Market size was valued at USD 24.18 billion in 2022 and is poised to grow from USD 28.1 billion in 2023 to USD 93.39 billion by 2031, growing at a CAGR of 16.2% during the forecast period (2024-2031).

The broad use of satellite mapping technology, which is easily incorporated into smartphones and other Internet of Things (IoT)-connected devices, is a major factor driving the growth of the Global Mobile Mapping Market. The use of the Global Navigation Satellite System (GNSS) for numerous vital applications, including environmental monitoring, 3D mapping, accident investigation, disaster response, and equipment control, is what is causing this spike in demand. Furthermore, the market is supporting the development of novel automated data gathering techniques, utilizing the most recent 5G internet technology to enable quick data acquisition. These advanced technologies provide priceless insights to decision-makers in a variety of industries, such as urban planning, building, and transportation.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Mobile Mapping Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Mobile Mapping Market Segmental Analysis

Six segments make up the worldwide mobile mapping market: component, end user, mounting, technology, application, and geography. The GNSS, RADAR, and LiDAR segments of the market are based on the type of technology. The market is divided into four categories according to the type of mounting: vehicle-mounted, railway-mounted, drone-mounted, and others (handheld, backpacks, and boat-mounted). The market is divided into three segments: hardware, software, and services. This market is divided into four segments based on application: asset management, vehicle control and guidance, GIS data gathering, road and railway surveys. The market is divided into end-use categories such as agricultural, BFSI, retail, real estate, mining, telecommunication, government & public sector, transport & logistics, and others. The market is divided into four regions: North America, Europe, Asia Pacific, and Latin America.

Drivers of the Global Mobile Mapping Market

A major driver in this market is the growing investments for digitalization of municipal infrastructures and advancement of smart cities. The confluence of city digitalization and urban development integrated through information and communication technology is continuing to gain steam as many smart city initiatives are either underway or about to get underway. The use of geospatial data is essential to these smart city initiatives and forms the basis of any plan for urban development.

Restraints in the Global Mobile Mapping Market

Although mobile mapping solutions provide benefits including faster scanning, more flexibility, and more security, they also increase a company's capital expenditure (CAPEX). Organizations need to be ready to make significant expenditures in a variety of components, including scanners, encoders, cameras, and other crucial IT applications, in order to take advantage of comprehensive mobile mapping solutions.

Market Trends of the Global Mobile Mapping Market

The market's reach is being greatly expanded by end users in emerging nations who are increasingly using mobile mapping technology. These technologies are becoming more and more essential, especially in road and urban planning projects. The development of the mobile mapping market is also being accelerated by government initiatives in developing nations to improve citizens' access to digital services.