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, according to latest analysis by Emergen Research. 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.
The global HD Maps for Autonomous Vehicles market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures. The global HD Maps for Autonomous Vehicles market is highly consolidated due to the presence of a large number of companies across this industry.
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The global HD Maps for Autonomous Vehicles market study covers the current COVID-19 scenario that has turned the global business sphere upside down. The coronavirus has resulted in a major economic downturn worldwide, while also adversely impacting the growth of this industrial sector. The pandemic has brought about drastic changes in market conditions.
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Key players in the market include NVIDIA, TomTom, DeepMap, Here Technologies, Navinfo, Civil Maps, Mapmyindia, Sanborn Map Company, Navmii, and Autonavi.
These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.
The global HD Maps for Autonomous Vehicles market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
Unfolding the prime factors prompting global market growth:
- The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global HD Maps for Autonomous Vehicles market into a broad product spectrum.
- The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
- A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights. To gain useful market insights, grab a sample copy of this report:
The latest report presents the vital indicators of market growth, including an effective value chain analysis, Porter’s Five Forces Analysis, and CAGR growth over the forecast period. The significant data and information gathered by our analysts are likely to help readers have a clear comprehension of the qualitative and quantitative growth parameters of the global HD Maps for Autonomous Vehicles market.
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The global HD Maps for Autonomous Vehicles market report estimates revenue growth on global, regional, and country levels, depicting the industry trends from 2020 to 2027 in each segment and sub-segment of the market. However, the global market is fragmented on the basis of region, product type, and application.
- Level of automation Outlook (Revenue, USD Billion; 2024–2028)
- Semi-Autonomous (Level 2&3)
- Autonomous (Level 4&5)
- Solution Outlook (Revenue, USD Billion; 2024–2028)
- Embedded
- Cloud-based
- Services Outlook (Revenue, USD Billion; 2024–2028)
- Localization
- Advertisement
- Mapping
- Update & Maintenance
- Vehicle Type Outlook (Revenue, USD Billion; 2024–2028)
- Commercial Vehicles
- Passenger Vehicles
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Global HD Maps for Autonomous Vehicles Market Report – Table of Contents:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. HD maps for autonomous vehicles Market Segmentation & Impact Analysis
4.1. HD maps for autonomous vehicles Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing need to improve driver safety and comfort
4.2.2.2. Rising need for accurate localization
4.2.2.3. Increasing demand for autonomous driving
4.2.3. Market restraints analysis
4.2.3.1. Cost incurred in creating the HD Maps
4.2.3.2. Privacy & legal issues regarding HD Maps
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. HD maps for autonomous vehicles Market By level of Automation Insights & Trends, Revenue (USD Billion)
5.1. Level of Automation Dynamics & Market Share, 2020 & 2028
5.1.1. Semi-Autonomous (Level 2&3)
5.1.2. Autonomous (Level 4&5)
Chapter 6. HD maps for autonomous vehicles Market By Solution Insights & Trends Revenue (USD Billion)
6.1. Solution Dynamics & Market Share, 2020 & 2028
6.1.1. Embedded
6.1.2. Cloud-based
To be continue..!
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