Mobile Mapping Market projected to surpass $66.7 billion in 2026

According to a research report mobile mapping market With analysis of the impact of COVID-19, by application (road surveys, topographic mapping, 3D modeling, asset management), vertical industry (oil and gas, real estate, government) and region – global outlook to 2026 Published by MarketsandMarkets, the global mobile mapping market size is expected to grow at a compound annual growth rate (CAGR) of 19.5% during the forecast period, reaching $66.7 billion in 2026 from $27.3 billion in 2021. Key factors expected to drive Market growth, there is increasing investment in smart city projects, adoption of advanced surveying and mapping technology and increased use of geospatial data.

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Topographical mapping segment to accommodate a larger market size during the forecast period.

Based on applications, the mobile maps 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 usually based on systematic observation and is published as a map series, consisting of two or more map sheets that combine to form the entire map. The Topographic Map Series uses a common specification that includes the range of map symbols used, as well as a standard geodesic frame that specifies the map projection, the coordinate system, the ellipsoid, and the geodetic reference. Official topographic maps also adopt a national grid reference system. Recent advances in mobile mapping technology enable new capabilities and complement or even replace traditional survey methods of topographic surveying.

The manufacturing industry will grow vertically at a higher CAGR during the forecast period.

The vertical manufacturing sector faces various challenges, such as tampering with goods, machinery and equipment; uneven operational workflow; False commercial invoices, liability protection, property damage, fires. Raw material thefts. The security of personnel, inventory, machinery, plant and tools must be managed and monitored to avoid any kind of damage and to provide an accident-free working environment. These challenges can be addressed with smart and advanced mobile mapping solutions. Mobile mapping technology also enables organizations to monitor the work environment and employee activities by providing greater workplace safety, preventing losses, monitoring daily operations, saving time and efforts through remote monitoring, and reducing operating expenses. Moreover, mobile mapping technology plays an important role in the production of autonomous driving technology as it offers the digital world to meet the navigation safety requirements of future autonomous vehicle applications. Thus, car manufacturers are using mobile mapping technology to produce accurate navigation services to meet the demand of the automotive industry.

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North America to account for the highest market share during the forecast period

The mobile mapping market is divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Mobile Mapping Market report provides insights into these regional markets in terms of market size, growth rates, future trends, market drivers, and the impact of COVID-19. North America is expected to hold the highest market share in the overall mobile mapping market during the forecast period. After North America, Europe is expected to hold the second highest market share during the forecast period. The presence of many mobile mapping vendors in the United States and a high awareness among businesses about the benefits of mobile mapping solutions as part of robust marketing strategies, investments in various technologies, including artificial intelligence, Internet of Things, big data, augmented reality, virtual reality, The growing development and adoption rate of cloud services is expected to drive the market in North America. Europe and the Middle East and Africa region are also expected to witness high growth rates during the forecast period.

The mobile map market includes major service providers, such as Apple (US), AutoNavi (China), Black & Veatch (US), Garmin International (US), Google (US), Land Surveys (Australia), and MapQuest (US). US), Microsoft (US), Mitsubishi Electric Corporation (Japan), Novatel Inc (Canada), Qualcomm (US), Comtech Telecom (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 the key players in mobile mapping market With company profiles, recent developments, COVID-19 developments and key market strategies.

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