Mobile Mapping Market share forecast to witness considerable growth from 2018 to 2024
The North American region is leading the ?mobile mapping market. This growth is attributed to the developments in the telecommunication and travel & hospitality industry, offering the nearest point of service based on customer location. The growing prominence of connected cars is driving the U.S market due to which leading map providers including TomTom and Here are collaborating with car manufacturers such as BMW and Audi.
Mobile Mapping Market size is driven by the growing availability of spatial data. The geospatial technology as a reconnaissance tool in security forces has found its applications in the civilian industry such as precision farming and real estate. The mobile mapping system can be integrated with a wide variety of vehicles. For instance, the integrated mobile mapping system can be mounted on multiple vehicles ranging from surface vehicles to airborne vehicles such as drones.
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The rapid growth of the Mobile Mapping market is attributed to the availability of cost-effective and portable sensors, technological advancements, and the increasing use of telecommunication networks. Furthermore, companies operating in the market have been offering customized service models and systems for a wide range of applications offering pay-per-click pricing model & road image services coupled with options to purchase the road image data instead of owning a software package or system.
The integrated mobile mapping unit consists of a GPS antenna, sensors, and Inertial Measurement Unit (IMU) camera. The GPS antenna provides route displays and location data. The sensors provide 3D information of the surrounding environment. The IMU camera provides a wide field of view covering every direction.
The major applications of Mobile Mapping System (MMS) are viewing that confirms the measurement of data, edits laser point groups acquired from laser point scanner, tracing that overlays the photos and point group data, enabling the plotting of environmental features, and orthographic generation that develops 3D data from photographic and point group data.
The end users of the mobile mapping market are transportation & logistics, government & public sector, BFSI, real estate, manufacturing, telecommunication, travel and hospitality, retail, media, and entertainment. The MM services are increasingly being used in industry verticals where there is a need for real-time data and location-based information that help in making informed decisions. For instance, in the auto industry, the driverless car concept is based on the mobile mapping system. It has various other applications in the government sector.
Some of the restraints in the mobile mapping technology are the inability to survey inaccessible areas and high sensitivity toward weather conditions. For instance, the mobile mapping system’s accuracy is affected during the rain due to interruptions within the atmosphere.
The Asia Pacific region is driven by the government initiatives, driving the market growth in the region. Smart city development programs in the region are the primary factors driving the market. For instance, in January 2015, the government of India launched Smart City Initiative, which is aimed at developing 100 smart cities to create sustainable and citizen-friendly cities. The Asian tech companies are collaborating with other mapping giants for expansion. For instance, Baidu a Chinese tech company is collaborating with” Here”, a mapping company to expand its services across the world.
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The key players in the mobile mapping market are Google, Inc., Topcon Corporation, Tele Atlas Survey BV, Cyclomedia Technology B.V., NAVTEQ Corp., Mitsubishi Corporation, NovAtel, Inc., Javad GNSS, Inc., EveryScape, Inc., Optech LLC, Beica Geosystems AG, Immersive Media Co., Trimble, Inc., and MapJack, NORC. The mobile mapping market is highly competitive due to the huge untapped potential and its applications in different industry verticals. The key companies operating in the mobile mapping market are focusing on offering advanced features to enable differentiation in their solutions compared to those offered by their competitors. For instance, in February 2018, Trimble announced the launch of MX9 mobile mapping system. This MX9 system combines a multi-camera imaging, vehicle-mounted mobile LiDAR system, and field software for a wide range of mobile mapping applications such as 3D modeling, asset management, road surveys, and topographic mapping.
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