Market Snapshot:
A mobile phone map is a technology present in the phones for navigating and solving route queries along with many other mapping features. It can be an application or web-based, application-based phone map that can be found in the application stores present in the phones. With the growing digitalization and advancement in technology around the globe, people are more involved in digital technology which helps in everyday life, one of which is mobile phone maps helping in navigating, positioning, solving route queries, etc.
Highlights from Mobile Phone Map Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 19.5% |
The key Players profiled in the report are Google, LLC (United States), Here Technologies (Netherlands), TomTom International BV. (Netherlands), NavInfo Co., Ltd. (China), Mobileye (Intel Corporation) (United States), GSM Association (United Kingdom), Opensignal Limited (United Kingdom) and Leica Geosystems AG (Switzerland).
Geographic Breakdown and Segment Analysis
The Global Mobile Phone Map market presents a comprehensive analysis of the Mobile Phone Map market by product type (Ordinary Map and HD Map), by end-user/application (Route Query, Navigation, Positioning and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Mobile Phone Map industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Mobile Phone Map market
Analyst at AMA have segmented the market study of Global Mobile Phone Map market by Type, Application and Region.
Influencing Trend:
Increasing Use of Mobile Phone Map for Route or Place Query Regarding Distance
Market Growth Drivers:
Increasing Digitalization and Globalisation Around the Globe and Demand for Smartphones with Advanced Features Helping Digitalize Everyday Life
Challenges:
Privacy Related Concerns with the Numer of Mobile Phone Map Companies Entering the Market
Restraints:
Network Connectivity Related Problems with Mobile Phone Map
Opportunities:
Surging Number of Mobile Phone Map Companies Around the World with Advanced Navigating Technology
Market Developments Activities:
In February 2024, Nokia has announced a strategic partnership with HERE Maps, aiming to strengthen the industrial sector by integrating HERE Maps’ GNSS (Global Navigation Satellite System) technology with Nokia’s advanced 5G network. This collaboration introduces the “HERE HD GNSS” application, designed to precisely track industrial assets in real-time, facilitating efficient indoor navigation. This move is part of Nokia’s wider strategy to enhance industrial processes with cutting-edge digital solutions.
On 6th January 2020, HERE Technologies, and Verizon announced a partnership to explore cutting-edge applications of Verizon’s 5G Ultra Wideband network and multi-access edge compute (MEC) platform, 5G Edge, coupled with HERE location, data technology, and autonomous vehicle expertise. The partnership focuses on co-innovation for a wide range of enterprise, industrial, and consumer-facing use cases.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
Mobile Phone Map Developers, Mobile Phone Map Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others