Latin America Mobile Mapping Market Size & Outlook
Latin America mobile mapping market, 2017-2030 (US$M)
Related Markets
Latin America mobile mapping market highlights
- The Latin America mobile mapping market generated a revenue of USD 4,290.7 million in 2023.
- The market is expected to grow at a CAGR of 14.6% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 4,290.7 million |
| Market revenue in 2030 | USD 11,125.4 million |
| Growth rate | 14.6% (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, Latin America region accounted for 13.5% 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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Latin America 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 53.9% in 2023. Horizon Databook has segmented the Latin America mobile mapping market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
The Latin American mobile mapping market is poised for significant growth, primarily due to the proliferation of smartphones. Mobile mapping apps play a vital role in navigation, location-based services, and disaster management in Latin America, which is prone to natural calamities.
Precise geospatial data is particularly critical for disaster preparedness. Moreover, mobile mapping applications also contribute to informed decision-making across agriculture, infrastructure development, and tourism, among other industries and industry verticals, a trend that underscores the critical role of mobile mapping in enhancing efficiency using data-driven solutions to address Latin America's multifaceted challenges.
Although the Latin American mobile mapping market faces data security, privacy protection, and regulatory challenges; as technologies advance and the regulatory landscape evolves, the market is poised for significant growth, opening new opportunities for entrepreneurs to deliver customized solutions.
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Our clientele includes a mix of mobile mapping market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America mobile mapping market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America mobile mapping market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America mobile mapping market size, by country, 2017-2030 (US$M)
Latin America Mobile Mapping Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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