According to the latest report by IMARC Group, titled “Mobile Mapping Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global mobile mapping market has witnessed robust growth during 2013-2018. Mobile mapping refers to the process through which geospatial information is obtained by integrating various navigation and remote sensing technologies on a moving platform. This technology enables users to record, measure, visualize and understand environments using sophisticated, high-resolution 360° optical camera systems. Today, the technology is used for mapping inaccessible areas, providing real-time information of vehicles to users and improving safety in power infrastructure and plants around the world.
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Global Mobile Mapping Market Trends:
Mobile mapping is a cost-effective technology that helps in collecting highly accurate and dense data more quickly and efficiently than static scanning. Along with this, due to the escalating use of telecommunication networks and the increasing availability of low-cost and portable sensors, mobile mapping has become more dynamic and pervasive. This has prompted the development of advanced mapping technologies, like light detection and ranging (LiDAR) technology, which is utilized for studying natural and built environments with more precision and flexibility. This technology can be employed in a number of project data requirements, such as for providing a dense geospatial dataset as a 3D virtual world that can be explored from a variety of viewpoints. Besides, with the rapid proliferation of consumer electronics and internet services, consumers across the globe are increasingly preferring smartphones equipped with global positioning systems (GPS) to navigate roadways while traveling. As a result, the demand for mobile mapping technology is expected to increase in the upcoming years. Looking forward, the market is projected to expand at a CAGR of around 15% during 2019-2024.
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Key Market Segmentation:
- Based on the component, the market has been segmented as hardware, software and services.
- On the basis of the type, the market has been categorized into 3D mapping, licensing, indoor mapping, location-based services and location-based search.
- The market has been segmented based on the application into imaging services, aerial mobile mapping, emergency response planning, internet application, facility management and satellite.
- On the basis of the end user, the market has been classified into government, oil and gas, mining, military and others.
- Region-wise, the market has been divided into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
- The competitive landscape of the market has been examined, with some of the key players being Google LLC, Tele Atlas Survey BV, NAVTEQ Corporation, Leica Geosystems AG, Trimble Inc., Topcon Corporation, NovAtel, Inc., Javad GNSS, Inc., Optech, LLC, Mitsubishi Corporation, Immersive Media Company, MapJack, National Opinion Research Center (NORC), CycloMedia Technology BV and EveryScape, Inc.
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