3D Map System Market Growth, Demand and Technology Research 2018
Market ScenarioTravelling to unknown locations has become easier owing to the advancements in tracking technology like GPS. 3D maps bring the added convenience and improves the accuracy and usefulness of maps. Navigation system is a vital element of vehicles dashboard and has created revaluation in automobile industry with 3D map systems. 3D maps are more accurate in describing the surrounding as it is than 2D maps. Many times, 2D maps create confusion and chaos in places like under construction roads, terrain areas, over bridges etc.
Increased tourism across globe, increased adventurous tours, and more accurate than 2D maps are the major driving factors for this market. Moreover, increased purchasing power due to rise in disposable income has led to the demand for higher level of automation in vehicles. Self-driving cars required 3D maps in order to gain insights on weather conditions, road closures, and live traffic.
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Market Segmentation
Global 3D map system market is majorly segmented on the basis of navigation, system, sales channel and vehicle type. Based on the navigation the market is segmented into: in-dash navigation and handheld navigation. On the basis of system the market is bifurcated into: hardware and software & services. On the basis of sales channel the market is segmented into: OEMs and aftermarket. On the basis of vehicle type the market is segmented into: passenger vehicle and commercial vehicles. By geography, Global 3D map system market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Regional Analysis
In terms of geography market is divided into North America, Europe, Asia-Pacific and LAMEA. Europe comprises of the technically developed countries and has presence of major players from this market. Growth of 3D map system market in North America is driven by factors such as high number of vehicle production, high per capita income, and huge investment in research & development in this market.
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Key Players
Prominent player from 3D Map System market are Robert Bosch GmbH, Continental AG, DENSO CORPORATION, Aptiv, HERE, NVIDIA Corporation, Elktrobit, Dynamic Map Platform Co., Ltd., TomTom International BV, Civil Maps, Axestrack, BAE Systems Plc., Harman international, and Nippon Seiki Co., Ltd.
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