HD Map for Autonomous Vehicles Market Estimated to Flourish by 2027 - Civil Maps, DeepMap, HERE Technologies, Momenta, NVIDIA and NavInfo
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 The use of smartphones and navigation devices would soon become outdated, and autonomous cars would be equipped with these maps owing to disruptions in the robotic technology.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.
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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.
Top Dominating Key Players:
1. Civil Maps
2. DeepMap, Inc.
3. HERE Technologies
4. MapmyIndia (CE Info. Pvt. Ltd)
6. Navmii Publishing Ltd
7. NVIDIA Corporation
8. The Sanborn Map Company, Inc.
9. TomTom International BV
10. NavInfo Co., Ltd.
Market Segmentation :
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.
Key questions answered in the report include :
What will the market size and the growth rate be in 2027?
What are the key factors driving the global HD Map for Autonomous Vehicles market?
What are the key market trends impacting the growth of the HD Map for Autonomous Vehicles market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global HD Map for Autonomous Vehicles market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the HD Map for Autonomous Vehicles market?
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the HD Map for Autonomous Vehicles Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the HD Map for Autonomous Vehicles Market segments and regions.
Scope of the study:
The research on the HD Map for Autonomous Vehicles Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the HD Map for Autonomous Vehicles Market on the basis of end user, product type, application, and demography for the forecast period 2020 - 2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
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Reasons to Buy the Report:
Learn about the driving factors, affecting the market growth.
Imbibe the advancements and progress in the market during the forecast period.
Understand where the market opportunities lies.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restrains that are likely to hamper the market.
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