Shillong Herald

HD Maps for Autonomous Vehicles Market to be Valued at USD 16.51 Billion | Industry Analysis by Manufacturers, Growth, Trend, Type, Application, Regions and Forecast 2020-2028

 Breaking News
  • No posts were found

HD Maps for Autonomous Vehicles Market to be Valued at USD 16.51 Billion | Industry Analysis by Manufacturers, Growth, Trend, Type, Application, Regions and Forecast 2020-2028

April 07
23:44 2021
HD Maps for Autonomous Vehicles Market to be Valued at USD 16.51 Billion | Industry Analysis by Manufacturers, Growth, Trend, Type, Application, Regions and Forecast 2020-2028
The global HD maps for autonomous vehicles market is expected to reach a market size of USD 16.51 Billion by 2028, and register a CAGR of 34.3% during the forecast period. Market revenue growth is primarily driven by increasing need to improve driver safety and comfort.

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 offers a detailed analysis of the global market size, regional and country-level analysis of the market, segment growth, competitive landscape, sales analysis, industrial chain analysis, opportunities, recent developments, regulatory framework, market growth analysis, and strategic market initiatives.

To access a sample copy of the report, click on the link: https://www.emergenresearch.com/request-sample/509

The research report analyzes the overall impact of the pandemic on the HD Maps for Autonomous Vehicles industry, along with its impact on the key segments and sub-segments of the market. Moreover, the report assesses the COVID-19 pandemic’s impact on the key geographical region and their effect on the overall market owing to different restrictions imposed in different regions and countries.

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.

For any Inquiry, Click Here: https://www.emergenresearch.com/purchase-enquiry/509

Key Highlights of Report

The findings of the report explain various aspects of the market, such as market status, developmental prospects, key regional segments, renowned market players, product offerings, end-use industries.

Passenger vehicles segment accounted for a significantly high revenue share in the HD maps for autonomous vehicles market in 2020. High car sales and consumer demand for advanced technologies are contributing to increasing demand for autonomous passenger vehicles and boosting usage of HD maps in such vehicles to improve driver safety and comfort.

Key players in the market include NVIDIA, TomTom, DeepMap, Here Technologies, Navinfo, Civil Maps, Mapmyindia, Sanborn Map Company, Navmii, and Autonavi.

The HD Maps for Autonomous Vehicles market intelligence report talks about the market size, share, value, and production cost analysis over the forecast period 2020-2027.

  • 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

 To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/hd-maps-for-autonomous-vehicles-market

North America accounted for largest revenue share contribution to the global HD maps for autonomous vehicles market in 2020. Rising focus on achieving safer, cleaner, and less congested roads is boosting preference for autonomous vehicles.

Regional Outlook (Revenue, USD Billion; 2021–2028)

  • North America
  1. U.S.
  2. Canada
  • Europe
  1. Germany
  2. U.K.
  3. France
  4. BENELUX
  5. Rest of Europe
  • Asia Pacific
  1. China
  2. Japan
  3. South Korea
  4. Rest of APAC
  • Latin America
  1. Brazil
  2. Rest of LATAM
  • Middle East & Africa
  1. Saudi Arabia
  2. UAE
  3. Rest of MEA

Critical Factors To Help Readers Understand The Market Scenario

Key Market Dynamics: The global HD Maps for Autonomous Vehicles market research report details on the ongoing market trends, development outlines, and several research methodologies. It illustrates the key factors that directly manipulate the market, for instance, production strategies, development platforms, and product portfolio. According to our researchers, even minor changes within the product profiles could result in huge disruptions to the above-mentioned factors. Each of these factors has been elaborately discussed in the initial segment of the study.

Key Growth Prospects: The report specializes in examining the major growth prospects of the global HD Maps for Autonomous Vehicles market, such as new product launches, collaborations, joint ventures, mergers & acquisitions, agreements, partnerships, and the progress of the key market players functioning in the market, on regional and global levels.

Key Market Highlights: The HD Maps for Autonomous Vehicles report deeply inspects factors like revenue accumulation, cost, capacity utilization rate, production capacity, production rate, consumption rate, import/export, supply/demand, gross, market share, CAGR, and gross margin. It further presents an all-inclusive study of the market growth factors and their latest trends.

Analytical Tools: The report discusses the leading market participants and their market scope, leveraging various analytical tools. Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis, are some of the analytical tools used by researchers for this market study.

Prospective Customers: The report assesses some crucial insights into service providers, manufacturers, suppliers, distributors, stakeholders, and individuals, who are keen on self-studying and assessing the HD Maps for Autonomous Vehicles market.

To get a customized sample of the report, visit: https://www.emergenresearch.com/request-for-customization/509

Thank you for reading our report. For further information or queries regarding the report or its customization, please connect with us. Our team will ensure you get a report well-suited to your requirements.

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

Media Contact
Company Name: Emergen Research
Contact Person: Eric Lee
Email: Send Email
Phone: +1 (604) 757-9756
Address:14671 110 Avenue Surrey, British Columbia, V3R2A9
City: Surrey
State: British Columbia
Country: Canada
Website: https://www.emergenresearch.com/industry-report/hd-maps-for-autonomous-vehicles-market

Related Articles