Canada Mobile Mapping Market Size & Outlook, 2023-2030
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Canada mobile mapping market highlights
- The Canada mobile mapping market generated a revenue of USD 2,273.4 million in 2023 and is expected to reach USD 6,587.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 16.4% 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 2,273.4 million |
| Market revenue in 2030 | USD 6,587.8 million |
| Growth rate | 16.4% (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, Canada accounted for 7.2% 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 North America, U.S. mobile mapping market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 6,587.8 million by 2030.
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Mobile Mapping Market Scope
Mobile Mapping Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Teledyne Technologies Inc | View profile | 14900 | 1049 Camino Dos Rios, Thousand Oaks, CA, United States, 91360-2362 | https://www.teledyne.com |
| Hexagon AB ADR | View profile | 24091 | Lilla Bantorget 15, Stockholm, Sweden, SE-111 23 | https://www.hexagon.com |
| Trimble Inc | View profile | 12700 | 10368 Westmoor Drive, Westminister, CO, United States, 80021 | https://www.trimble.com |
| Topcon Corp | View profile | 5543 | 75-1 Hasunuma-cho, Itabashi-ku, Tokyo, Japan, 1748580 | http://www.topcon.co.jp |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
Canada 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 54.46% in 2023. Horizon Databook has segmented the Canada mobile mapping market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
The Canadian mobile mapping market is anticipated to grow at a significant rate over the forecast period. Applications needing navigation, location-based services, and geospatial analytics heavily rely on mobile mapping.
Besides, smart city initiatives, IoT rollouts, and the growing adoption of Advanced Driver Assistance Systems (ADAS) are also driving the need for real-time data transmission for navigation, traffic control, and logistics and mobile mapping solutions for connected vehicles.
Smart city initiatives are particularly driving the need for sophisticated mobile mapping solutions, notably for infrastructure management, public safety, and transportation. For instance, in July 2021, Fortis, an energy distribution firm, and Rekon Solutions Inc., a professional Lidar mapping services provider, collaborated to carry out a survey in Oliver in the Canadian province of British Columbia to identify and replace aging power lines.
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Target buyers of Canada 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 Canada mobile mapping market , including forecasts for subscribers. This country databook contains high-level insights into Canada mobile mapping market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada mobile mapping market size, by component, 2017-2030 (US$M)
Canada Mobile Mapping Market Outlook Share, 2023 & 2030 (US$M)
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