Rapid advancement of satellite mapping technology and its easy integration into smartphone design is boosting the mobile mapping market. As smartphones become ubiquitous and sophisticated, mobile phone manufacturers are increasingly equipping them with global positioning system (GPS) capabilities.
Seattle, WA -- (SBWIRE) -- 10/18/2019 -- Based on solution, location based services segment is predicted to dominate through 2025, rising at a CAGR of XX% therein. In absolute value, the segment is predicted to be worth US$XX bn by the end of 2025. With mobile mapping applications increasingly becoming common in smart electronics, the location based services segment is poised to remain dominant contributor to the overall market.
The location based services segment held 37.2% of the global mobile mapping market in 2017. By geography, North America is predicted to continue to remain dominant region for mobile mapping. Extensive use of advanced smartphones and surge in development of mobile mapping technology based apps are key to the growth of North America mobile mapping market.
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Importance of Geospatial Coordinates for Safety Consideration of Long-distance Vehicles Boosts Uptake of Mobile Mapping Solutions:
The mobile mapping market is rising at an impressive pace due to several factors, says the author of the report. Over the past twenty years, the demand for geo-spatial data has surged exponentially which is a key factor behind the growth of mobile mapping market. While geo-spatial data can be obtained via several sources, data which is more accurate, has higher density, is rapidly produced, and acquired in a less expensive manner is most sought after. Mobile mapping systems integrate various remote sensing technologies with navigation that allows mapping from moving objects (e.g., airplanes, cars, boats, etc.). This serves to obtain the 3D coordinates of the points of interest.
Major applications as follows:
Automobile
Transportation & Logistics
Government & Public Sector
Video Entertainment
Real Estate
Travel & Hospitality
Others
Major Type as follows:
Direct Mobile Mapping System
Backpack Mobile Mapping System
Leading companies to name in a largely consolidated global mobile mapping market are Ericsson, Microsoft Corporation, Apple, Google, Foursquare Labs, Tomtom NV, Trimble Navigation Ltd, Telecommunications System, Qualcomm Atheros, Mapquest.
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