The Asia Pacific Mobile Mapping Market would witness market growth of 18.0% CAGR during the forecast period (2021-2027).
Mobile mapping is the process of acquiring geographical data using mapping sensors on moving platforms such as ships, vehicles, and planes. These systems combine GNSS (global navigation satellite system) & INS (inertial navigation systems) technology to calculate nonstop velocity, 3D position, and plane attitude (pitch, yaw, and roll) in real time. Therefore, mobile mapping is becoming increasingly popular around the Asia pacific.
Further, Mobile mapping solutions are quickly gaining traction by becoming the new data collection standard. These cutting-edge devices collect graphically dynamic data in a variety of contexts, including highways, city streets, trains, and pipelines.
APAC countries' rapid GDP growth has resulted in infrastructure modernization initiatives, such as smart city projects and mass public transportation networks, which has increased demand for mobile mapping technology. Yinchuan, China, is one of most sophisticated smart cities of the region, with nearly all infrastructure integrated into a single system. Further, Singapore is also working toward becoming a smart nation, which will raise the demand for effective mobile mapping solutions.
The China market dominated the Asia Pacific Mobile Mapping Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5.6 billion by 2027. The Japan market would showcase a CAGR of 17.3% during (2021 - 2027). Additionally, The India market is poised to grow a CAGR of 18.7% during (2021 - 2027).
Based on Application, the market is segmented into Topographic Mapping, Road Surveys, 3D Modeling, Asset Management, and Others. Based on Industry Vertical, the market is segmented into Government, Energy & Utilities, Oil & Gas, Manufacturing, Real Estate, Transportation & Logistics, Telecommunication, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Mobile Mapping Market is Projected to reach USD 65.9 Billion by 2027, at a CAGR of 16.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Trimble, Inc., Microsoft Corporation, Apple, Inc., Google LLC, Mitsubishi Electric Corporation, Qualcomm, Inc., TomTom N.V., Hexagon AB (NovAtel, Inc.), Garmin Ltd., and Ericsson AB.
By Application
By Industry Vertical
By Country
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