According to a new report Global Mobile Mapping Market, published by KBV research, The Global Mobile Mapping Market size is expected to reach $65.9 billion by 2027, rising at a market growth of 16.1% CAGR during the forecast period.
The Road Surveys market is expected to witness a CAGR of 15.2% during (2021 - 2027). Mobile mapping is a novel approach to acquire three-dimensional data from the road environment quickly and efficiently. Road maps may be updated quickly using GPS and digital camera devices. The same approach may be used to conduct effective road condition surveys and manage facilities. In the context of mobile mapping, laser scanning technologies provide full 3D data capture of slopes, bankings, and other features. The fast use of mobile mapping techniques in various disciplines is due to the necessity for high resolution and details collected in data for street and road inventories, as well as city modelling.
The Oil & Gas market shows high growth rate in the market of 14.6% during (2021 - 2027). This is because petroleum industry significantly uses GIS for obtaining simple to utilize digital maps that allow employees of oil company to view the available data, hence they can substantially decrease the amount of time required for the searching the information. Moreover, GIS also integrate flying sensor technology to collect on-demand high resolution imagery throughout a field location in order to survey a place.
The North America market acquired maximum revenue share in 2020 of Global Mobile Mapping Market, and would continue to be a dominant market till 2027; thereby, achieving a market value of $23,232.4 Million by 2027. The Europe market is expected to witness a CAGR of 15.2% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 18% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/mobile-mapping-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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