Mexico Mobile Mapping Market Size & Outlook, 2023-2030
Mexico mobile mapping market, 2017-2030 (US$M)
Related Markets
Mexico mobile mapping market highlights
- The Mexico mobile mapping market generated a revenue of USD 1,036.1 million in 2023 and is expected to reach USD 2,622.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 14.2% 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.
Mobile mapping market data book summary
| Market revenue in 2023 | USD 1,036.1 million |
| Market revenue in 2030 | USD 2,622.8 million |
| Growth rate | 14.2% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 3.3% of the global mobile mapping market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil mobile mapping market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 6,521.5 million by 2030.
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Mobile Mapping Market Scope
Mobile Mapping Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 54.89% in 2023. Horizon Databook has segmented the Mexico mobile mapping market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
The Mexican mobile mapping market is experiencing dynamic growth, driven by factors, such as the proliferation of smartphones, continued infrastructure development, evolving urban mobility demands, favorable government support, and the emerging importance of mobile mapping in precision agriculture.
The proliferation of smartphones in Mexico has made mobile mapping apps integral to daily life, particularly in urban areas. These apps play a vital role in navigation, real-time traffic analysis, and location-based services, enhancing the mobility experience for users.
However, the Mexican mobile mapping market faces challenges, such as concerns over data security and privacy protection, alongside regulatory complexities. As the market continues to evolve and technologies advance, addressing these challenges would be pivotal to sustaining growth.
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Target buyers of Mexico 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 country-level data and insights on the Mexico mobile mapping market , including forecasts for subscribers. This country databook contains high-level insights into Mexico mobile mapping market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico mobile mapping market size, by component, 2017-2030 (US$M)
Mexico Mobile Mapping Market Outlook Share, 2023 & 2030 (US$M)
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