Press release
HD Maps Market is Emerging as a Billion Dollar Industry by 2026 due to Frequent Adoption by Automated Vehicles Manufacturers - QY Research
HD Maps Market
o Difficult weather situation solution
o lane system solution
o guard rail system solution
o Road edge solution
o Mapping rode pole which vehicles can see
o Helping vehicles to positioned within centimeters
Means, HD map system helps automated vehicles to avoid an accident in scenario or conditions. HD Live Map is the prerequisite for autonomous driving solutions.
Global HD Maps market was US$ 1 Bn 2019 and will reach USD 11 Billion USD in 2026 with CAGR 38.95% between 2019 to 2026. North America is largest manufacture and Exporter of HD Maps Market and followed by Europe.
HD Maps Manufacturer: Here, TomTom, Google, Alibaba (AutoNavi), Navinfo , Mobileye, Sanborn, Baidu. Here is top in term of revenue, Google and TomTom are Ranked second in 2019. Market Share of here is around 50% of total Market.
HD Map Market by Type: Crowdsourcing Model and Centralized Mode, Crowdsourcing Model is most important HD Maps. Its sales around 80% in 2019, globally.
HD Map Market by Application: ADAS, Autonomous Vehicles, Others (Positioning). Autonomous Vehicles application is most widely used in HD Maps. Its market share is more than 70% among all the application.
HD Map Market by Regions: North America, Europe, Japan, China, Southeast Asia, India.
North America is hold maximum market share around more than 40% , followed by Europe, japan and China.
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Mergers & Acquisitions, Expansion and New development in industry 2019-20
Mitsubishi and NTT are bought 30% stake in Here technology last December 2019.
Japan is also set foot in the digital mapping industry from 2019, a Japanese company, Toyota Research Institute-Advanced Development (TRI-AD) has created successful HD maps for automated Vehicles on surface roads.
Toyota Research Institute-Advanced Development, Inc. ("TRI-AD"), Toyota's automated driving software development company, has successfully completed proof of concepts ("PoC") demonstrating high definition ("HD") map building for surface roads with a relative accuracy of less than 50 centimeters, a good level that is required for automated driving.
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