HD Maps for Autonomous Vehicles Market Expected to Grow at a CAGR of 34.3% Over the Forecast Period, According to Emerging Research – FortBendNow
The report also sheds light on the competitive landscape of the HD Maps for Autonomous Vehicles market globally and regionally along with an in-depth estimate of the forecast till 2028. The Global HD Maps Market Research Report for Autonomous Vehicles is an investigative report providing an in-depth study. of the global HD Maps for Autonomous Vehicles market with respect to market size, market share, current and emerging trends and the latest technological developments.
The market for HD maps for autonomous vehicles is expected to reach a market size of USD 16.51 billion at a stable CAGR of 34.3% in 2028, according to the latest analysis from Emergen Research. This steady revenue growth can be attributed to the growing demand for a 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 using analyzed data from multiple sources such as vehicle sensors, LiDAR, on-board cameras, satellite imagery and GPS is driving demand and deployment of HD maps. among self-driving vehicle manufacturers. HD mapping technology allows a driverless vehicle to locate itself with high accuracy by mapping its exact location in relation to the surrounding environment.
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In addition, the study examines major factors such as import and export status, consumption volume, supply chain management, production capacity, and purchasing power to help owners stakeholders, as well as field marketing managers to focus on profitable business strategies and stay competitive. . An in-depth analysis of the intense competition among the top performers and the strategies that have given them a strong foothold in the HD map for self-driving vehicles market makes the report a valuable resource for product owners exploring new paths. All vital information is presented in the form of charts, graphs and tables and can be viewed for an industry specific presentation.
- In November 2019, TomTom, which is a specialist in location technologies, and the University of Amsterdam (UvA) announced the opening of a new Research Atlas Lab for autonomous vehicles. Atlas Lab is expected to focus on using artificial intelligence to develop advanced, highly accurate, and safe high-definition maps for self-driving vehicles.
- The semi-autonomous (Tier 2 & 3) segment accounted for the largest market share of 62.5% in 2020. Presence of stricter regulations regarding autonomous driving compared to semi-autonomous driving is driving the demand for semi-autonomous vehicles. -autonomous.
- Revenue from the cloud-based solutions segment is expected to grow at a rapid CAGR of 34.8% during the forecast period. Major market players such as TomTom, NVIDIA and HERE Technologies are increasingly using cloud-based services as these offer more accuracy and easy map updates.
In addition, the report also provides an overview of product portfolios, costs, sales, production capacities, and market players. Raw materials, demand analysis, product flows, and distribution channels have been researched and researched in detail in this research report. Key trends and growth opportunities are offered through in-depth market investigation and review. A detailed development course is offered in the report along with related business information including local firms, industries, organizations, suppliers and manufacturers.
Leading Players Analyzed in the Report:
NVIDIA, TomTom, DeepMap, Here Technologies, Navinfo, Civil Maps, Mapmyindia, Sanborn Map Company, Navmii and Autonavi.
The report offers a comprehensive breakdown of the regional analysis of the market and subsequent analysis by country. The regional market analysis includes information on production volume, consumption volume and patterns, revenue and growth rate for the forecast period 2021-2028. According to the regional analysis, the market is primarily split across the key geographical regions as follows:
- North America (US, Canada)
- Europe (UK, Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
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The study segments the complete market for HD Maps for Autonomous Vehicles on the basis of different applications, end uses, end users, and production capacities. From a business perspective, the industry has been scrutinized in various countries located in North America, Europe, Asia-Pacific, and others. The size of the industry for the forecast period 2021-2028 is assessed based on current sales figures and past financial reports can be used to forecast future sales.
Emergen Research has segmented the global market for HD maps for autonomous vehicles on the basis of automation level, solution, services, vehicle type and region:
Automation Level Outlook (Revenue, USD Billion; 2021-2028)
- Semi-Autonomous (Level 2&3)
- Autonomous (Level 4&5)
Solution Outlook (Revenue, USD Billion; 2021-2028)
Services Outlook (Revenue, USD Billion; 2021-2028)
- Update and maintenance
Vehicle Type Outlook (Revenue, USD Billion; 2021-2028)
- Commercial vehicles
- Passenger vehicles
Key Benefits of Purchasing Global HD Maps for Autonomous Vehicles Report:
Complete analysis of the changing competitive landscape
Assistance with business decision-making processes as well as detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the global HD Maps for Autonomous Vehicles market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends and opportunities
Comprehensive regional analysis of the Global HD Maps for Autonomous Vehicles Market
In-depth profiling of key business stakeholders
Detailed analysis of factors influencing the growth of the global HD Maps for Autonomous Vehicles market
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