Latin America Digital Map Market Size & Outlook, 2023-2030
Latin America digital map market, 2018-2030 (US$M)
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Latin America digital map market highlights
- The Latin America digital map market generated a revenue of USD 1,485.9 million in 2023.
- The market is expected to grow at a CAGR of 15.9% from 2024 to 2030.
- In terms of segment, geographic information system (gis) was the largest revenue generating type in 2023.
- Digital Orthophotography is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,485.9 million |
| Market revenue in 2030 | USD 4,178.4 million |
| Growth rate | 15.9% (CAGR from 2023 to 2030) |
| Largest segment | Geographic information system (gis) |
| Fastest growing segment | Digital Orthophotography |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Geographic Information System (GIS), LiDAR, Digital Orthophotography, Aerial Photography, Global Positioning System (GPS) |
| Key market players worldwide | Apple Inc, Maxar Technologies, Alphabet Inc Class A, Getmapping, Intermap Technologies Corp Class A, TomTom NV, AutoNavi, Esri, HERE Technologies Chicago, NavInfo, Zenrin |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.5% of the global digital map market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,823.4 million by 2030.
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Digital Map Market Scope
Digital Map Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America digital map market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to digital map market will help companies and investors design strategic landscapes.
Geographic information system (gis) was the largest segment with a revenue share of 42.1% in 2023. Horizon Databook has segmented the Latin America digital map market based on geographic information system (gis), lidar, digital orthophotography, aerial photography, global positioning system (gps) covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America has set up a regional fund called FRIDA for digital innovation in Latin America and the Caribbean. The funding is used for projects that have potential in improving the digital infrastructure of the economies in the region. Latin American government is focusing on developing digital maps that can be used to determine threats and risks in accident prone areas.
Brazil is one of the most populous nations in the world with an increasing rate of crime. Additionally, the number of automobiles used is also increasing in the country. This has led the government to set up stringent regulations related to speed limit, driving restrictions, and toll charges to avoid mishaps and control traffic.
UNICEF initiated GIS and GPS programs for people situated at remote and disaster-prone areas in Brazil. The programs were aimed at providing information related to potential calamity risks associated with these regions. Both children and adults were trained on hazard mapping s o as to identify appropriate measures.
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Our clientele includes a mix of digital map market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America digital map market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America digital map market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America digital map market size, by country, 2018-2030 (US$M)
Latin America Digital Map Market Outlook Share, 2023 & 2030 (US$M)
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