SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Mobile Mapping Systems - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 11176
Companies: 13 - Players covered include CycloMedia Technology B.V.; Everyscape; Google LLC; Here Technologies; Immersive Media Co.; Javad Gnss, Inc.; Leica Geosystems AG; Mapjack International Limited; Mitsubishi Corporation; NovAtel, Inc.; OpTech, LLC; Topcon Corporation; Trimble, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Imaging Services, Aerial Mobile Mapping, Emergency Response Planning, Internet Application, Facility Management, Satellite Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Mobile Mapping Systems Market to Reach $63 Billion by 2026
Amid the COVID-19 crisis, the global market for Mobile Mapping Systems estimated at US$21.9 Billion in the year 2020, is projected to reach a revised size of US$63 Billion by 2026, growing at a CAGR of 18.9% over the analysis period. Imaging Services, one of the segments analyzed in the report, is projected to record a 21.5% CAGR and reach US$23.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Aerial Mobile Mapping segment is readjusted to a revised 24.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $8.1 Billion in 2021, While China is Forecast to Reach $11 Billion by 2026
The Mobile Mapping Systems market in the U.S. is estimated at US$8.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$11 Billion by the year 2026 trailing a CAGR of 18.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.1% and 15.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.8% CAGR.
Emergency Response Planning Segment to Reach US$8.9 Billion by the year 2026
In the global Emergency Response Planning segment, USA, Canada, Japan, China and Europe will drive the 13.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.2 Billion in the year 2020 will reach a projected size of US$7.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.