Selbyville, Delaware, July 22, 2020 (GLOBE NEWSWIRE) --
Global Market Insights, Inc. has recently added a new report on mobile mapping market which estimates the global market valuation for mobile mapping will cross US$ 65 billion by 2026. The increasing demand for innovative solutions to collect geospatial information is expected to contribute significantly to the industry growth.
The growing demand for advanced solutions to collect and map geospatial data across various industries is anticipated to support the mobile mapping market growth. Mobile mapping eliminates the use of aerial photogrammetry methods and reduces the time to collect geospatial data. Mobile mapping solutions collect information from low-cost & portable sensors. Additionally, mobile mapping offers additional features such as precise measurement, area correction, and wide-angle camera images along with high-density laser point clouds.
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The mobile mapping software component segment is expected to grow at a CAGR of 20% from 2020 to 2026. The demand for mapping data extraction software across enterprises serving wider geographies has increased exponentially. Enterprises deploy GIS software to acquire massive geographic & spatial data captured by positioning devices and other data acquisition software. Data extraction software solutions are used to visualize the acquired data and help in informed decision making.
The vehicle control & guidance application segment is anticipated to grow at a CAGR of over 20% during the forecast timeline. Due to the growing development in Advanced Driver Assistant Systems (ADAS) and autonomous cars, automobile companies are using mobile mapping technology to help autonomous vehicles to navigate accurately. Mobile mapping technology collects data from multiple remote sensing systems including LiDAR and RADAR. It provides digital maps, georeferenced video & pictures, and other GIS data. This helps in effective vehicle control and efficient guidance.
The demand for GIS-based mobile mapping solutions across government & public sectors is expected to increase significantly. The need to monitor real-time weather conditions and deliver location-based services is fueling the demand for mobile mapping solutions. Government authorities use mobile mapping solutions to manage and monitor real-time information such as traffic data & election voting. In addition, mobile mapping solutions also benefit defense authorities as they aid in robust decision-making regarding border security.
Browse key industry insights spread across 325 pages with 382 market data tables and 38 figures & charts from the report, “Mobile Mapping Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/mobile-mapping-market
Asia Pacific is expected to witness an exponential growth rate of over 20% CAGR from 2020 to 2026. Countries including China and India are witnessing consistent development in the transport sector. In addition, companies operating in the region are developing innovative mobile mapping solutions. For instance, in January 2020, Lawrence & Mayo launched the GexCel mobile mapping solution. The solution is available with a software platform for processing acquired data.
Some major findings of the mobile mapping market report include:
- The growing need to deliver location-based services and acquire large Geospatial Information System (GIS) data across enterprises will support the market growth.
- Asia Pacific is anticipated to witness an exponential growth in the market due to an extensive adoption of mobile devices in developing countries including India and China.
- Major market players are focusing on the development of advanced mobile mapping solutions to gain a competitive advantage over their competitors.
Major players operating in the mobile mapping market are Apple, Inc., Garmin International, Google LLC, and Trimble Inc., among others.Software vendors are continuously developing and advancing their mobile mapping platforms with the integration of advanced technologies. For instance, in June 2020, Kaarta, Inc. launched the Stencil Pro, a mobile mapping platform with enhanced visual and dimensional reliability. It offers panoramic 4K imagery and features low noise LiDAR with a range of up to 120 meters.
Browse complete reports table of contents (ToC): https://www.gminsights.com/toc/detail/mobile-mapping-market
Partial chapters of report table of contents (TOC):
Chapter 3. Mobile Mapping Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Impact of COVID-19 outbreak
3.3.1. Global outlook
3.3.2. Regional outlook
3.3.2.1. North America
3.3.2.2. Europe
3.3.2.3. Asia Pacific
3.3.2.4. Latin America
3.3.2.5. Middle East & Africa
3.3.3. Industry value chain
3.3.3.1. Mobile mapping providers
3.3.3.2. Marketing & distribution channel
3.3.4. Competitive landscape
3.3.4.1. Strategy
3.3.4.2. Distribution network
3.3.4.3. Business growth
3.4. Features/benefits of mobile mapping systems
3.5. Mobile statistics
3.5.1. Unique mobile user penetration and national internet penetration
3.5.2. Smartphone unit shipment
3.6. Mobile mapping industry ecosystem analysis
3.7. Technology & innovation landscape
3.7.1. 3D laser mapping
3.7.2. Technological advancement in wearable smart devices
3.8. Regulatory landscape
3.9. Global
3.9.1. FGDC National Standard for Spatial Data Accuracy (NSSDA) 1996 (U.S.)
3.9.2. National Digital Elevation Program (NDEP) Guidelines (2004)
3.9.3. General Data Protection Regulation (GDPR) (Europe)
3.9.4. Infrastructure for Spatial Information in Europe (INSPIRE) Directive (2007)
3.9.5. Surveying and Mapping Law of the People's Republic of China (1992)
3.9.6. Japan Profile for Geographic Information Standards (JPGIS)
3.10. Industry impact forces
3.10.1. Growth drivers
3.10.1.1. Increasing demand for terrestrial mobile mapping in telecommunication and transportation
3.10.1.2. Increasing penetration of mobile devices
3.10.1.3. Increasing investment in city planning and smart city projects
3.10.1.4. Improved network connectivity
3.10.2. Industry pitfalls & challenges
3.10.2.1. Concerns regarding data accuracy
3.10.2.2. High initial investment
3.11. Growth potential analysis
3.12. Porter’s analysis
3.13. PESTEL analysis
Browse related report:
LiDAR in Mapping Market Size By Platform (Drones [Fixed Wing Drones, Single Rotor Drones, Multi Rotor Drones], Terrestrial [Stationary, Mobile], Airborne, Handheld and Backpack), By Component (Hardware, Software), By Application (Corridor Mapping, Construction & Surveying, Agriculture & Forestry, Mining & Quarrying, Education, Environmental, Transport, Emergency Services) Industry Outlook, Regional Analysis , Application Development, Competitive Landscape & Forecast, 2020 – 2026
https://www.gminsights.com/industry-analysis/lidar-in-mapping-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision-making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.