The Latin America, Middle East and Africa Mobile Mapping Market would witness market growth of 19.5% CAGR during the forecast period (2021-2027).
Mobile mapping is becoming more relevant for BFSI, telecommunications, government, agriculture & forestry, transportation, defense & intelligence, real estate, and other fields. Topographic mapping, GIS data collecting, infrastructure planning, land survey, traffic management, asset management, imaging services, emergency response planning, and other are some of the common applications of mobile mapping.
Additionally, Mobile mapping is widely used in the defense and military sectors, primarily for geospatial mapping. The defense sector has become a major user of geospatial information and mapping services all around the world as security concerns have grown.
The number of details develops rapidly in the Al Ain town planning and survey sector, necessitating additional resources and time to keep the base map up to date, with the correct attributes, topology, and vertically and horizontally integrated with other spatial data layers. Hence, these factors are anticipated to fuel the growth of the mobile mapping solutions in the regional market during the forecasting period.
The Brazil market dominated the LAMEA Mobile Mapping Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.6 billion by 2027. The Argentina market is experiencing a CAGR of 20.1% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 19.2% during (2021 - 2027).
Based on Application, the market is segmented into Topographic Mapping, Road Surveys, 3D Modeling, Asset Management, and Others. Based on Industry Vertical, the market is segmented into Government, Energy & Utilities, Oil & Gas, Manufacturing, Real Estate, Transportation & Logistics, Telecommunication, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Mobile Mapping Market is Predict to reach $65.9 Billion by 2027, at a CAGR of 16.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Trimble, Inc., Microsoft Corporation, Apple, Inc., Google LLC, Mitsubishi Electric Corporation, Qualcomm, Inc., TomTom N.V., Hexagon AB (NovAtel, Inc.), Garmin Ltd., and Ericsson AB.
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