Increasing need to improve driver safety and comfort and deconjest road traffic are some key factors driving global HD maps for autonomous vehicles market growth.
The global HD maps for autonomous vehicles market is expected to reach a market size of USD 16.51 Billion at a steady CAGR of 34.3% in 2028. This steady revenue growth can be attributed to increasing requirement for new generation of highly accurate and realistic digital map solutions and software.
The ability of HD maps to determine the exact position of a vehicle in real-time with the help of analyzed data from multiple sources such as vehicle sensors, LiDAR, onboard cameras, satellite imagery, and GPS is driving demand for and deployment of HD maps among autonomous vehicle manufacturers. HD mapping technology allows a driverless vehicle to localize itself with high precision by mapping its exact location with respect to the surrounding environment. The technology enables autonomous vehicles to overcome sensing limitations by providing information beyond the range of the camera, LiDAR, and radar, which is driving traction of and preference for HD maps among autonomous vehicle manufacturers.
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The Global HD Maps for Autonomous Vehicles Market Report is a panoramic study of the overall HD Maps for Autonomous Vehicles Market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the HD Maps for Autonomous Vehicles Market. The report provides a detailed analysis of the key factors of the HD Maps for Autonomous Vehicles Market that are expected to have a positive impact on the growth of the HD Maps for Autonomous Vehicles Market industry.
Emergen Research has segmented the global HD maps for autonomous vehicles market on the basis of level of automation, solution, services, vehicle type, and region:
Level of automation Outlook (Revenue, USD Billion; 2021–2028)
Semi-Autonomous (Level 2&3)
Autonomous (Level 4&5)
Solution Outlook (Revenue, USD Billion; 2021–2028)
Embedded
Cloud-based
Services Outlook (Revenue, USD Billion; 2021–2028)
Localization
Advertisement
Mapping
Update & Maintenance
Vehicle Type Outlook (Revenue, USD Billion; 2021–2028)
Commercial Vehicles
Passenger Vehicles
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Competitive Terrain:
The Global HD Maps for Autonomous Vehicles Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
Key participants include NVIDIA, TomTom, DeepMap, Here Technologies, Navinfo, Civil Maps, Mapmyindia, Sanborn Map Company, Navmii, and Autonavi.
The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Regional Outlook of HD Maps for Autonomous Vehicles Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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