Europe Automotive Geospatial Analytics Market – Size, Outlook, Trends and Forecast (2024

Europe Automotive Geospatial Analytics Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Geospatial analytics is the availability of the real-time data from vehicles which are coupled with the technological advancements and help in the tracking of the vehicle. Increase in the usage of mobile devices and presence of useful devices like GNSS receiver is making them useful in processing and capturing the information. Increase in the demand of the connected vehicles is driving the market for geospatial analytics as to analyse and gain the future demands of the customer base. This geospatial analytics not only strengthen the traditional technologies but also pave the way for the processing, analytics and 3D collection to the integrated models.

Europe Automotive Geospatial Analytics Market Size:

Europe Automotive steering system market is poised to reach the value of $109.90 billion in 2024 from $40.01 billion in 2018, growing with the CAGR of 18.45%. Key points like a need for security and safety powered by artificial intelligence, integration and convergence of geospatial technology, availability of less expensive geospatial content are accelerating this market growth. Automotive geospatial analytics market has opportunities like an introduction of big data and cloud computing in geospatial analytics. Factors like complexities involved in the integration of geospatial solutions, high cost associated with geospatial analytics, legal issues and regulations are restricting the market growth.

Europe Automotive Geospatial Analytics Market Share:

Type, technology, application, end-user and geographical regions are the segments present in the automotive geospatial analytics market. There are sub-segments like surface analytics, network analytics, geovisualization and others are

Europe Automotive Geospatial Analytics Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

present by type. Among the sub-classifications done by category, network analytics is having the most significant share owing to the increase in the adoption of the network analytics such that to reduce the cost constraint by inefficient networks and additional time. Geographic information system, global positioning system, remote sensing are the classifications based on the technology. Remote sensing segment is expected to lead the market. Owing to the increasing investment of geospatial technology and adoption of this technology by the government bodies. The global positioning system is the fastest growing, owing to its usage in the mobile devices for route maps and for tracking purpose. Medicine & Public safety, climate change adaption, surveying, disaster risk reduction management in the countries

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Europe Automotive Geospatial Analytics Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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