Market revenue in 2023 | USD 8,355.0 million |
Market revenue in 2030 | USD 24,394.8 million |
Growth rate | 16.5% (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 |
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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 53.33% in 2023. Horizon Databook has segmented the Europe mobile mapping market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
Advances in the latest technologies, such as Machine Learning (ML), cloud computing, Artificial Intelligence (AI), and data analytics, are driving the growth of the European mobile mapping market. Compared to other conventional mapping technologies, mobile mapping is quicker and more affordable. Mobile mapping offers advantages, such as enhanced productivity, accuracy, and safety.
The European mobile mapping market is becoming more competitive because of the presence of national, international, and local firms, which are investing aggressively in R&D to incorporate cutting-edge technologies into mobile mapping.
Although concerns over data security and privacy protection are poised to complicate the installation of mobile mapping systems and restrain the growth of the European mobile mapping market, the expanding internet user base, the rollout of 5G infrastructure, and the use of internet architectures in Machine-To-Machine (M2M) and Internet of Things (IoT) connectivity would help the market maintain a moderate growth rate.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe mobile mapping market , including forecasts for subscribers. This continent databook contains high-level insights into Europe mobile mapping market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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