As cited by the research report titled ‘Global Mobile Mapping Market Size by Component (Hardware, Software and Services), by Solution (Location-Based, Indoor Mapping, Asset Management and 3D Mapping), by Application (Land Surveys and Aerial Surveys), by End-User (Agriculture, BFSI, Government & Public Sector, Real Estate, Retail, Mining, Telecommunication, Transport & Logistics, Others)and Regional Forecasts 2021-2027’, available with Market Study Report, global mobile mapping market was worth USD 23.40 billion in 2020 and is projected to grow with a CAGR of 17% over 2021-2027 to accumulate USD 70.23 billion by the end of study duration.
 

Rising demand for terrestrial mapping in the telecommunication industry, coupled with growing investment in smart city projects are the major factors driving the growth of global mobile mapping market.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3862662/
 

For instance, in an effort to use novel technology to make mapping easier and more efficient, Survey of India, the National Mapping Agency, is planning to make use of professional grade drones for large scale mapping covering over 40000 rural villages of Maharashtra.
 

For the record, mobile mapping systems consists of different components like positioning sensors, LiDAR devices, laser scanners or any other remote sensing devices mounted on mobile platforms like SUVs, boats among others.
 

On the downside, increasing availability of affordable and portable sensors is restraining the market progression. Moreover, high initial investment for mobile mapping is negatively impacting the industry dynamics.
 

Based on component, worldwide mobile mapping industry is segmented into hardware, software, and service. On the basis of solution, the marketplace is divided into indoor mapping, location-based, 3D mapping, and asset management among others. Speaking of application ambit, the business space is categorized into land surveys, and aerial surveys. While the end user spectrum includes agriculture, government & public sector, BFSI, retail, real estate, mining, transport & logistics, and telecommunication among others.
 

Geographically, Asia Pacific, Europe, North America, and Latin America are the key contributors to worldwide mobile mapping industry valuation. Of these, North America is projected to be a major growth hub for the market over 2020-2027, owing to presence of major players such as Microsoft Corporation, Apple Inc., and Google Inc.
 

Whereas, Europe market is anticipated to witness lucrative growth trends over the forecast timeline, on account of rapid implementation of mobile mapping technology across various sectors including real estate, BFSI, and government.
 

Leading players in global mobile mapping industry are Telefonaktiebolaget LM Ericsson, NavVis, Apple Inc., 3D Laser Mapping Ltd., Topcon Corporation, Huron Geomatics Inc., Sanborn Map Company Inc., Pasco Corporation, Google LLC, Mitsubishi Electric Corporation, and Trimble Inc.