Latin America Geospatial Solutions Market Size & Outlook
The geospatial solutions market in Latin America is expected to reach a projected revenue of US$ 94.5 million by 2030. A compound annual growth rate of 15.8% is expected of Latin America geospatial solutions market from 2024 to 2030.
Revenue, 2023 (US$M)
$33.8
Forecast, 2030 (US$M)
$94.5
CAGR, 2024 - 2030
15.8%
Report Coverage
Latin America
Latin America geospatial solutions market, 2018-2030 (US$M)
Latin America geospatial solutions market highlights
- The Latin America geospatial solutions market generated a revenue of USD 33.8 million in 2023.
- The market is expected to grow at a CAGR of 15.8% from 2024 to 2030.
- In terms of segment, gis/spatial analytics was the largest revenue generating technology in 2023.
- GIS/Spatial Analytics is the most lucrative technology segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 33.8 million |
| Market revenue in 2030 | USD 94.5 million |
| Growth rate | 15.8% (CAGR from 2023 to 2030) |
| Largest segment | Gis/spatial analytics |
| Fastest growing segment | GIS/Spatial Analytics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | GIS/Spatial Analytics |
| Key market players worldwide | Pix4D, Microsoft Corp, Uber Technologies Inc, L3Harris Technologies Inc, TomTom NV, Alphabet Inc Class A, Bentley Systems Inc Ordinary Shares - Class B, SAP SE ADR, Apple Inc, GE Aerospace, Oracle Corp, Trimble Inc, Pitney Bowes Inc, Hexagon AB ADR |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.8% of the global geospatial solutions market in 2023.
- Globally, Asia Pacific 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 337.6 million by 2030.
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Geospatial Solutions Market Scope
Geospatial solutions market segmentation & scope
Component
Hardware
Software
Services
Application
Surveying & Mapping
Geovisualization
Planning & Analysis
Land Management
Other Application
End Use
Utility
Business
Transportation
Defense & Intelligence
Infrastructural Development
Natural Resource
Other End Use
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Geospatial Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America geospatial solutions market
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