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Mobile Mapping Market Growing at a CAGR 19.5% | Key Player Apple, Autonavi, Garmin International, Google, Mapquest

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Mobile Mapping Market Growing at a CAGR 19.5% | Key Player Apple, Autonavi, Garmin International, Google, Mapquest

January 26
12:35 2022
Mobile Mapping Market Growing at a CAGR 19.5% | Key Player Apple, Autonavi, Garmin International, Google, Mapquest
Apple (US), AutoNavi (China), Black & Veatch (US), Garmin International (US), Google (US), Land Surveys (Australia), MapQuest (US), Microsoft (US), Mitsubishi Electric Corporation (Japan), Novatel Inc (Canada), Qualcomm (US), Comtech Telecommunications (US), Trimble (US), Ericsson (Sweden), TomTom (Netherlands), Foursquare Labs (US), Pasco Corporation (Japan),
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

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. 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.

Topographic Mapping segment to hold a larger market size 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.

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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.

The mobile mapping market comprises major providers, such as Apple(US), AutoNavi(China), Black & Veatch(US), Garmin International(US), Google(US), Land Surveys(Australia), MapQuest(US), Microsoft (US), Mitsubishi Electric Corporation(Japan), Novatel Inc (Canada), Qualcomm (US), Comtech Telecommunications(US), Trimble (US), Ericsson(Sweden), TomTom(Netherlands), Foursquare Labs(US), Pasco Corporation (Japan), Topcon(Japan), NavVis(Germany), GeoSLAM(England),and Leica Geosystems (Switzerland). The study includes an in-depth competitive analysis of key players in the mobile mapping market with their company profiles, recent developments, COVID-19 developments, and key market strategies.

The players in this market have embraced different strategies to expand their global presence and increase their market shares. New product launches and enhancements, partnerships, mergers and acquisitions, have been the most dominating strategies adopted by the major players from 2019 to 2021, which helped them strengthen their offerings and broaden their customer base.

Apple is an American technology company that offers consumer electronics, computer software, and other online services. It is one of the most reliable companies in terms of advanced product portfolios. Its product portfolio includes iPad, iPhone, Mac, Apple TV, and iPod. Apple’s services consist of iCloud, support, payment, advertising, and digital content services. Its business comprises mobile communication and media devices, portable digital music players, software, networking solutions, peripherals, services, and third-party digital content and applications. In the mobile mapping market, the company offers Apple maps and indoor mapping services to enhance the operational efficiency of businesses.

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The company’s customers are primarily in the consumer, small and mid-sized business, education, enterprise, and government markets. The company has its geographic presence in the Americas, Europe, and APAC.

AutoNavi is a Chinese web mapping, navigation, and location-based service provider. It is a subsidiary of Alibaba Group and is integrated with the e-commerce ecosystem of Alibaba Group. The company offers its mapping services as Amap mobile application. In 2018, Amap became the first Chinese maps service to navigate a path to 100 million daily users. It generates large volumes of traffic while providing these services to its customers. To support its core business, Amap has adopted the Node FaaS framework for the scene, route planning, and navigation stoppages in the app. The company is providing mapping data to Google and Apple Maps.

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