DIGITAL MAPPING CAMERAS (DMC) MARKET REPORT OVERVIEW
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The global digital mapping cameras (DMC) market size was USD 232.3 million in 2022 and is projected to touch USD 311.07 million by 2031, at a CAGR of 3.3% during the forecast period.
Digital mapping cameras are among the most precise and innovative turnkeys in the digital camera system, supporting aerial photogrammetric missions for remote sensing applications and GIS’s broadest range. These cameras are ideal for capturing data for all mapping applications, including cartography, agriculture, cadastral mapping, etc. These cameras exceed expectations for the industry, which ensures high radiometric and geometric resolution. These systems also deliver high-quality digital images, which enables direct production of image analysis deliverables and a wide mapping range, digital terrain models (DTMs), and others.
Digital mapping cameras are completely digital, frame cameras with high resolution to capture imagery and store it on a digital tape. It is designed for the scale mapping of large areas coupled with small pixel sizes but can also be used for medium to smaller scales. Regular technology up-gradation in product designs is estimated to propel the market growth. Additionally, the inclination of youngsters toward photography and cinematography is forecasted to boost the market growth. Furthermore, the market's growth is anticipated to be attributable to the steady adoption of various IoT-connected devices. The companies employing the mapping cameras technology are forecasted to give a quick return on investment.
COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with digital mapping cameras (DMC) experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to the digital mapping cameras (DMC) market growth and demand returning to pre-pandemic levels once the pandemic is over.
The pandemic impacted every market and has had a long-lasting effect on its growth. The sudden outbreak of the pandemic affected the market in several aspects, such as hindering transportation, manufacturing, and demand. The demand for the product was consistent, but it could not be fulfilled due to lack of workforce in the manufacturing industries, which affected the market. It resulted in the market downfall. The market witnessed a stand still market supply during the pandemic due to higher demand and no product supply.
LATEST TRENDS
"Increasing Demand for Real-Time Data Mapping to Drive the Market Trend"
Mapping cameras are used to generate accurately, updated, and rich digital representation, which is possible with the help of real-time maps. Real-time mapping allows companies to analyze and display streaming data from devices, sensors, and social media feeds. The real-time mapping updates the maps and databases and sends alerts instantly as the event occurs to make the response quickly. These factors are anticipated to drive trends in the market.
DIGITAL MAPPING CAMERAS (DMC) MARKET SEGMENTATION
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- By Type Analysis
By type, the market is segmented into linear array scanners (push broom) and area arrays.
The market is estimated to see dominance by area arrays as it is the most common type and holds a share of more than 80%. Thus, the area arrays segment is likely to dominate the market.
- By Application Analysis
Based on application, the market is classified into manned aircraft and unmanned aircraft.
Manned aircraft is forecasted to dominate the market as it owns over 93%.
DRIVING FACTORS
"Steady Adoption of Mobile Computing Devices for Navigation to Drive Growth"
The rising adoption of technological advancements such as tablets and smartphones are helping in the expansion of digital mapping cameras (DMC) market share. It is one of the new features available in smartphones map software, and the users are widely using this feature which is forecasted to boost the industry growth. Additionally, the rising inclination of youngsters toward nature or wildlife photography is forecasted to gain major growth in product adoption.
"Steady Deployment of the High-Speed Communications Network to Drive Market Growth"
Steady deployment of high-communication networks and consistently rising adoption of connected cars escalate the demand for mapping cameras, eventually leading to market growth. Additionally, machine-to-machine (M2M) platform consolidation leading to raised revenues due to low initial investments is anticipated to bolster market growth.
RESTRAINING FACTORS
"Lack of Professionals and Alternatives Availability to Retard Growth in the Market"
Many organizations use location-based analytics and solutions to utilize the digital mapping technology’s full potential because they lack skilled professionals to deal with issues and digital spatial data. Additionally, the lack of awareness and appropriate knowledge may also limit the digital mapping cameras (DMC) market growth. Furthermore, the market growth can be restrained due to the availability of alternative products such as tablets, smartphones, and others.
DIGITAL MAPPING CAMERAS (DMC) MARKET REGIONAL INSIGHTS
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"Asia Pacific to Dominate Due to Large-Volume Shipment of Digital Cameras"
Asia Pacific is anticipated to be the major shareholder in the market as it occupies 50% of the total shares. The region's growth is attributable to the large volume of the shipment of digital cameras in developing countries such as India, China, and Japan. These factors are forecasted to encourage regional growth.
North America shows maximum growth in the global market due to the rising reliance on GPS systems and the region's rising defense spending and autonomous vehicles. The United States is forecasted to be the major contributor to the growth of the North American region. Presence of technology giants such as Ford Motor Company, Chrysler, General Motors, and Tesla Motors.
KEY INDUSTRY PLAYERS
"Companies to Emphasize On Product Portfolio Development to Escalate Market Growth"
Competitors emphasize sustaining the market of strong competition. Key manufacturers are focused on constantly upgrading their product portfolio by launching advanced features to differentiate their products from their competitors. The key competitors are making various analytical approaches. Major players also emphasize boosting their presence through investments, partnerships, agreements, joint ventures, expansions & investments, and partnerships. The emergence of advanced technology in the development of amino acids is expected to escalate the product demand and support the market growth. Companies are focused on developing customized and innovative digital cameras to gain more customers in the global market.
List of Market Players Profiled
- Vexcel Imaging (Austria)
- Leica Geosystems (Switzerland)
- IGI Systems (Belgium)
- Phase One (Denmark)
- Lead'Air (Belgium)
- VisionMap (Japan)
- Teledyne Optech (Canada)
- Share UAV (China)
INDUSTRY DEVELOPMENT
- March 2020- Toyota researchers launched a method for creating maps with high details to guide self-driving cars with the help of satellite imagery by eliminating the special survey vehicles. The Toyota Research Institute of Advanced Development unit researchers were asked to develop self-driving technology at Toyota. They created maps with the help of mounted cameras, which are anticipated to show aerial photogrammetry and help the company enhance the product portfolio.
REPORT COVERAGE
The report gives an overview of the research methodology, market dynamics, and an industry value chain analysis. The report covers market drivers and the challenges expected to hinder market growth for digital mapping cameras (DMC). The report covers every possible detail of the market. Global market players and their headquarters are mentioned in the report to offer details about the existing competition in the market. The section also offers the details of various factors that are expected to impede the market's growth.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 232.3 Million in 2022 |
Market Size Value By |
US$ 311.07 Million by 2031 |
Growth Rate |
CAGR of 3.3% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type, Application & Region |
Frequently Asked Questions
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What value is the digital mapping cameras (DMC) market expected to touch by 2031?
Based on our research, the digital mapping cameras (DMC) market is projected to touch USD 282.2 million by 2031.
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What CAGR is the digital mapping cameras (DMC) market expected to exhibit by 2031?
The digital mapping cameras (DMC) market is expected to exhibit a CAGR of 3.3% by 2031.
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What are the segments of the digital mapping cameras (DMC) market?
By type, the market is segmented into linear array scanners (push broom) and area arrays. Based on application, the market is classified into manned aircraft and unmanned aircraft.
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Which are the driving factors of the digital mapping cameras (DMC) market?
Steady adoption of mobile computing devices for navigation to drive growth and steady deployment of the high-speed communications network to drive the market growth are driving the digital mapping cameras (DMC) market.
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Which are the top companies operating in the digital mapping cameras (DMC) market?
Vexcel Imaging, Leica Geosystems, IGI Systems, Phase One, Lead Air, VisionMap, Teledyne Optech, and Share UAV are the top companies operating in the digital mapping cameras (DMC) market.
