Asia Pacific Mobile Mapping Market Size & Outlook
Asia Pacific mobile mapping market, 2017-2030 (US$M)
Related Markets
Asia Pacific mobile mapping market highlights
- The Asia Pacific mobile mapping market generated a revenue of USD 6,903.5 million in 2023.
- The market is expected to grow at a CAGR of 17.8% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 6,903.5 million |
| Market revenue in 2030 | USD 21,693.0 million |
| Growth rate | 17.8% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Trimble Inc, Alphabet Inc Class A, Hexagon AB ADR, Topcon Corp, Teledyne Technologies Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.7% of the global mobile mapping market in 2023.
- Globally, Europe 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 21,693.0 million by 2030.
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Mobile Mapping Market Scope
Mobile Mapping Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific mobile mapping 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 mobile mapping market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 53.22% in 2023. Horizon Databook has segmented the Asia Pacific mobile mapping market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
The growth of the Asia Pacific mobile mapping market can be attributed to the growing adoption of mobile mapping for location-based services and urban navigation. The regional market is poised for sustained growth and innovation in mobile mapping owing to various factors, such as unabated smart city development, infrastructure expansion, and IoT rollouts.
The rise of autonomous cars and their substantial reliance on accurate, real-time location data are among the other major drivers of market growth. However, the evolving regulatory landscape in line with the growing concerns over data security and privacy protection is posing a significant challenge.
As such, market players must overcome these obstacles to ensure continued growth. Mobile mapping applications offer versatility across navigation, real-time traffic analysis, location-based services, urban planning, agriculture management, disaster management, and infrastructure development.
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Target buyers of Asia Pacific mobile mapping market databook
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Our clientele includes a mix of mobile mapping market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific mobile mapping market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific mobile mapping market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific mobile mapping market size, by country, 2017-2030 (US$M)
Asia Pacific Mobile Mapping Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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