Mobile Mapping Market

Growing use of AI is driving the market growth

Market CAGR for mobile mapping is being driven by the rising use of Artificial Intelligence (AI). The navigation systems now utilized internationally are projected to change when augmented reality and mobile mapping technologies are integrated. The increased use of smartphones has given augmented reality technologies new areas of use. Users may examine information about an area in front of their mobile devices thanks to integrating data obtained through mobile mapping systems with augmented reality, letting them access the location specifics, like the street's name and other essential information. 

Integrating geographical data obtained by mobile devices with this technology is being used to apply mobile augmented reality to navigation systems. Users of mobile AR navigation systems may view virtual worlds on their devices while navigating. These solutions give users more information about the items in their immediate surroundings, such as structures, telephone or electric poles, trees, signs, landmarks, and roadside furniture. Using information obtained from mobile mapping systems, AR also provides details such as measurements, sizes, and properties of the object existing in the users' surroundings.

Additionally, augmented reality solutions may be applied to developing location intelligence, introducing high-resolution maps for autonomous vehicles, and producing live maps that alter themselves in response to changing environmental circumstances. Using mobile-mapped geographical data, augmented reality may also be used to construct exact 3D maps of locations and surroundings. Shortly, it is anticipated that developments in augmented reality and its integration with data produced by mobile mapping systems will change mapping and navigation systems. Mobile mapping technology has undergone a full transformation due to recent advancements in UAV technology and steep price declines for these vehicles.

The primary uses of mobile mapping systems using UAVs are environmental detection and disaster monitoring. UAVs are the best option for data gathering in disaster-affected areas since they provide quick spatial information-collecting capabilities at a far lower cost than manned aerial mapping methods. In urban planning, 3D building modeling, archaeological documentation, pipeline inspection, environmental monitoring, infrastructure inventory and monitoring, landslide hazard assessment, open-pit mining, and indoor mapping, UAV-based modeling offers sizable advantages over conventional mapping techniques. The price of UAV mobile mapping systems has also decreased thanks to technological advancements, including low-cost, high-resolution digital cameras, laser scanners, and navigation systems.

Thus, driving the Mobile Mapping market revenue.

The Global Mobile Mapping Market Industry is experiencing rapid growth due to advancements in technology. Innovations in LiDAR, GPS, and imaging systems enhance the accuracy and efficiency of mapping processes. For instance, the integration of artificial intelligence in data processing allows for faster analysis and improved decision-making. As a result, the market is projected to reach 31.8 USD Billion in 2024, with a significant increase anticipated as technology continues to evolve. This trend suggests that companies investing in cutting-edge mobile mapping solutions are likely to gain a competitive edge, thereby driving market expansion.

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Mobile Mapping market will dominate; the expansion in this area is also driven by the rising use of smartphones with Positioning Systems (GPS) in the US, Mexico, and Canada. Rapid developments in 3D mobile mapping software, image processing, and data processing in the North American area also contribute to expanding the regional market.

Further, the major countries studied in the market report are The US, Canada, German, France, Spain, China, Japan, India, Australia, UK, Italy, South Korea, and Brazil.

Figure 3: MOBILE MAPPING MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe has the second-largest market share for Mobile Mapping. The market expansion in the European area has been helped by using mobile mapping technology for various applications, including automated detection of traffic signals, road signs, pedestrian trails, and asset monitoring and management. Furthermore, the German Mobile Mapping market dominated, while the UK Mobile Mapping market grew fastest in Europe.

From 2023 to 2032, the Asia-Pacific Mobile Mapping Market will develop at the quickest CAGR. Mobile mapping technology has seen strong demand in the Asia-Pacific region for use in smart highway systems, transportation systems, and land vehicle navigation. Additionally, the number of mobile mapping applications for location-based services has rapidly increased across the Asia-Pacific region. Furthermore, China's Mobile Mapping market had the highest market share, while India's Mobile Mapping market was the fastest expanding in the Asia-Pacific region.

Leading market companies are extensively spending R&D on increasing their product lines, which will help the Mobile Mapping market grow even more. Important market developments include new product releases, contractual agreements, acquisitions and mergers, greater investments, and collaboration with other organizations. The Mobile Mapping industry must produce cost-effective merchandise to flourish and thrive in a more competitive and increasing market climate.

Manufacturing locally to reduce operating costs is an effective business strategy manufacturers use in the worldwide Mobile Mapping industry to serve clients and expand the market sector. The Mobile Mapping industry has provided some of the most important benefits recently. Major players in the Mobile Mapping market, including Leica Geosystems, Drivewyze Inc and others, are attempting to increase market demand by investing in research and development operations.

Leica Geosystems, which is situated in eastern Switzerland, produces products and systems for surveying and geographic measurement (geomatics). With the help of its products, users may represent existing buildings and terrains in computer-based systems with great accuracy—often under 1 cm. These technologies include GPS satellite navigation and laser rangefinders. In May 2022, Leica Geosystems introduced the Leica Pegasus TRK to its lineup of mobile mapping equipment. The Leica Pegasus TRK product uses dynamic laser scanning technology to quickly and accurately capture, measure, and visualize objects.

The pioneer in connected truck services, Drivewyze Inc., is redefining efficiency and safety in transportation. With cutting-edge trucking services like Drivewyze PreClear shortcut, Drivewyze Safety Notifications, the Drivewyze Weigh Station Activity Report, and Drivewyze Insights, they support commercial drivers and fleets. Drivewyze services are provided via smartphones and tablets and built right into the ELDs and in-cab gadgets that carriers choose, like Omnitracs, PeopleNet, Transflo, Geotab, and others. In September 2022, In partnership with INRIX, a supplier of transportation analytics and connected car services, and the Pennsylvania Turnpike Commission, Drivewyze introduced real-time, in-cab traffic alerts.