Mobile Mapping Market - Equipped with GPS Capabilities, Ubiquity of Smartphones Serves to Boost Growth

Albany, NY -- (SBWire) -- 09/21/2018 --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.

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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. Today, most smartphones are considered the most widespread platform equipped with low-cost GPS receiver and motion sensors, which provides the location of the user within few meters of accuracy. This makes for one of the most important feature of smartphones. Furthermore, growing interest of large mobile application developers to develop user-friendly mobile mapping applications is likely to boost the growth of mobile mapping market over the coming years.

The review presented is based on the findings of a TMR report, titled "Mobile Mapping Market (Solution - Location based Services, Indoor Mapping, 3D Mapping, Support Services; End Use – Commercial and Individual; Industry - BFSI, Travel and Hospitality, Energy and Utility, Oil and Gas, Healthcare, Telecommunications, Government) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022."

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The key factors determining the growth trajectory of the global mobile mapping market are assessed in the report to provide readers with a clear picture of what is driving and restraining the market. Information about the major drivers and restraints affecting the mobile mapping market will enable market players to formulate strategies for maximizing their gains from the positive trend. Meanwhile, detailed analysis of the restraints holding back expansion of the global mobile mapping market is also provided in the report in order to give readers an idea of the risks in the mobile mapping market.

Growth in the application spectrum of mobile mapping in recent years, enabled by rapid advancement of satellite positioning technology, has been a major driver for the global mobile mapping market. Growing use of mapping applications in smartphones is likely to enable smooth growth of the global mobile mapping market in the coming years.