Market Share of Mobile Mapping Systems Industry
The growing presence of big players in the mobile mapping industry is expected to intensify competitive rivalry during the forecast period. Incumbents, such as Google Inc., Javad GNSS Inc., Mitsubishi Corporation, Trimble, and Topcon Corporation. Large companies are expending significant resources on R&D operations to protect their position and drive innovation in the market. High barriers to exit, growing levels of firm concentration, and market penetration are some of the significant characteristics influencing the competition in the market. Overall, the intensity of competitive rivalry remains moderately high, mainly driven by the strong presence of players involved in the market studied.
In September 2022, Drivewyze, the connected truck services provider and operator of North America's largest public-private weigh station bypass network, announced real-time, in-cab traffic alerts in collaboration with INRIX, a transportation analytics and connected vehicle services provider, and the Pennsylvania Turnpike Commission. Pennsylvania joins Ohio, New Jersey, and North Carolina in providing in-state alerts that offer audio and visual indicators of upcoming traffic delays, congestion, and incidents.
In May 2022, Leica Geosystems, part of Hexagon, announced the introduction of the reality capture mobile mapping system Leica Pegasus TRK, introducing artificial intelligence, autonomous workflows, and long-range mobile mapping for applications in asset management, road construction, critical infrastructure, oil, gas, and electricity industries. The system is ideal for creating high-definition base maps for autonomous vehicles.
Mobile Mapping Systems Market Leaders
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Google LLC (Alphabet Inc.)
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Trimble Inc.
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Topcon Corporation
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Mitsubishi Corporation
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Javad GNSS Inc.
*Disclaimer: Major Players sorted in no particular order
