Navigation & Mapping Solutions Market Scope
Navigation & mapping focuses on the collection and use of data. Mapping is based on digital aerial photographs, multispectral data as well as laser and radar measurements from aircraft and satellites and covers everything from 3D maps of buildings to mapping of sea levels and flooding on land. Navigation is combined with mapping to ensure correspondence between the maps and positions derived from satellite navigation data.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Intellias (Germany), Trimble (United States), Telenav (United States), Garmin (United States), Topcon (Japan), NovAtel (Canada), Sygic (Slovakia), Tableau Software (United States) and ArcGIS (United States) |
CAGR | % |
Global Navigation & Mapping Solutions is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching and Systems and Solutions. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Intellias (Germany), Trimble (United States), Telenav (United States), Garmin (United States), Topcon (Japan), NovAtel (Canada), Sygic (Slovakia), Tableau Software (United States) and ArcGIS (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Navigation & Mapping Solutions market by Type , by Application (Automotive, Aviation, Marine, Outdoor, Fitness and Others) and Region with country level break-up.
On the basis of geography, the market of Navigation & Mapping Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On 17th February 2021, Telenav has acquired by V99, Inc. The transaction enables Telenav for greater flexibility to execute on connected car strategy and helps to accelerate the growth., In November 2021, NVIDIA has acquired DeepMap, a startup dedicated to building high-definition maps for autonomous vehicles to navigate the world safely. and The acquisition is an endorsement of DeepMap’s unique vision, technology and people,” said Ali Kani, vice president and general manager of Automotive at NVIDIA. “DeepMap is expected to extend our mapping products, help us scale worldwide map operations and expand our full self-driving expertise.
In 2019, Trimble has launched Trimble MAPS, a new division in Maps and Applications for professional solutions. The new division is dedicated to driving the next generation of commercial map-centric technologies. and In January 2022, the leading location data and technology platform, has launched of its Indoor Map as a service: a one-stop shop for indoor mapping solutions.The new launched a one-stop shop for indoor mapping that includes indoor map data, routing and positioning, all available through the HERE SDK, and seamlessly connected with our base map.
Influencing Trend:
Need of Navigation and Mapping for New Drivers and Growing Popularity of Navigation and Mapping because it provides Real-Time Map of the Current Location and Step-By-Step Directions to a Requested Destination.
Market Growth Drivers:
Increasing Demand for Navigation and Mapping from Construction Sector
Restraints:
Lack of Local Knowledge
Opportunities:
Rising Adoption of Navigation and Mapping Solutions by Drivers can create Opportunities for the Market Growth
Key Target Audience
Navigation & Mapping Solutions Developers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others