HD Map for Autonomous Vehicles Market Recent Trends, In-depth Analysis, Market Size Research Report Forecast up to 2027

The HD maps or high definition maps are purposefully built for self-driving assistance with extremely high precision at the centimeter scale. The use of smartphones and navigation devices would soon become outdated, and autonomous cars would be equipped with these maps owing to disruptions in the robotic technology. Increasing demand for real-time data and a rise in the car rental and online cab services would create lucrative growth prospects for the HD map for autonomous vehicles market during the forecast period.

According to a new market study entitled “HD Map for Autonomous Market to 2027 – Global Analysis and Forecasts by Deployment Type (On-Premise and Cloud) and Industry Vertical (BFSI, Healthcare & Life Sciences, Retail & Consumer Goods, Manufacturing, Travel & Hospitality, IT & Telecommunication, Media & Entertainment, and Others) and Geography, “explains the report, explaining the key drivers of this growth and highlighting key market players and their evolution. The report factors this growth and also highlights the major players in the market and their developments.

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The report enables you to-

• Formulate significant competitor information, analysis, and insights to improve R&D strategies
• Identify emerging players with potentially strong product portfolio and create effective counter strategies to gain competitive advantage
• Identify and understand important and diverse types of HD Map for Autonomous Vehicles under development
• Develop market entry and market expansion strategies
• Plan mergers and acquisitions effectively by identifying major players with the most promising pipeline
• In-depth analysis of the product’s current stage of development, territory and estimated launch date

The HD map for autonomous vehicles market is expected to flourish in the forecast period on account of the growing trend of autonomous driving and increasing investment in startups for developing HD maps. Moreover, growing commercial rental services are expected to fuel market growth in the future. However, high technology cost is a challenge faced by the HD map for autonomous vehicles market during the forecast period. On the other hand, advancements in 5G technology are likely to showcase significant growth opportunities for the key stakeholders of the HD map for autonomous vehicles market in the coming years.

The “Global HD Map for Autonomous Vehicles Market Analysis to 2027” is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of HD map for autonomous vehicles market with detailed market segmentation by solution type, application, vehicle type, and geography. The global HD map for autonomous vehicles market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading HD map for autonomous vehicles market players and offers key trends and opportunities in the market.

The global HD map for autonomous vehicles market is segmented on the basis of solution type, application, and vehicle type. Based on solution type, the market is segmented as embedded and cloud-based. On the basis of the application, the market is segmented as personal mobility and commercial mobility. The market on the basis of the vehicle type is classified as passenger cars and commercial vehicles.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global HD map for autonomous vehicles market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The HD map for autonomous vehicles market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Leading Key Players:

• Civil Maps
• DeepMap, Inc.
• HERE Technologies
• MapmyIndia (CE Info. Pvt. Ltd)
• Momenta
• Navmii Publishing Ltd
• NVIDIA Corporation
• The Sanborn Map Company, Inc.
• TomTom International BV
• NavInfo Co., Ltd.

The report analyzes factors affecting HD map for autonomous vehicles market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the HD map for autonomous vehicles market in these regions.

The reports cover key developments in the HD map for autonomous vehicles market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from HD map for autonomous vehicles market are anticipated to lucrative growth opportunities in the future with the rising demand for HD map for autonomous vehicles in the global market. Below mentioned is the list of few companies engaged in the HD map for autonomous vehicles market.

The report also includes the profiles of key HD map for autonomous vehicles companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

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Key Benefits

• This report provides a detailed study of market trends and forecast from 2019 to 2027, which assist to identify the prevailing market opportunities.
• In-depth coverage of the global market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
• This study further includes market share analysis in terms of type and applications.
• Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
• Porter’s Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.

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This release was published on openPR.