The Europe Mobile Mapping Market would witness market growth of 15.2% CAGR during the forecast period (2021-2027).
Mobile mapping is gaining popularity as the best way to capture geospatial data/GIS data and create realistic 3-D models and georeferenced photos for usage by various industries in a variety of applications. Factors such as increasing use of mobile devices with mapping & navigation technology, and advent of mapping apps within wearable technologies would create new growth avenues for the market.
Combining developments in digital imagery and direct georeferencing has resulted in mobile mapping that is not only more efficient but also more flexible and cost-effective. Moreover, the use of map-based apps would be driven due to the rising internet penetration and the proliferation of connected devices such as smartphones, tablets, and interactive displays.
Around three billion mobile applications presently rely on positioning data, according to the European Global Navigation Satellite Systems Agency, offering up new business prospects. Several EU countries, like Germany, Italy, and the United Kingdom, are significantly relying on mapping tools for defence purposes, resulting in lucrative growth potential. Hence, these factors are anticipated to create lucrative growth opportunities for the regional mobile mapping market during the forecasting period.
The Germany market dominated the Europe Mobile Mapping Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4.2 billion by 2027. The UK market would witness a CAGR of 14.3% during (2021 - 2027). Additionally, The France market is anticipated to grow a CAGR of 16% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Mobile Mapping Market Size will Hit $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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