Automotive Digital Mapping Market Demand Analysis To 2025 Lead By- Google LLC, Apple Inc., Micello Inc., HERE Technologies, TomTom N.V

Automotive Digital Mapping market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2021 to 2025 are profiled in this report.

The automotive digital mapping market is expected to register a CAGR of 12.75% over the forecast period (2021-2026).

The Automotive Digital Mapping market is highly competitive and consists of a number of major players: Google LLC, Apple Inc., Micello Inc., HERE Technologies, TomTom N.V., ARC Aerial Imaging Inc., Mapquest Inc., ESRI Inc., MiTAC Holdings Corporation, Nearmap Ltd.

Company News :

- April 2019 - HERE Technologies announced the general availability of HERE XYZ, a cloud-based service that provides software developers as well as novice and professional mapmakers with the tools needed for effortless map publication and data management.
- March 2020 - Toyota researchers developed a method to create highly detailed maps to guide self-driving cars using satellite imagery, potentially eliminating the need for special survey vehicles. The researchers at Toyota Research Institute - Advanced Development (TRI-AD), the unit tasked with developing self-driving technology at Toyota, created maps using data from cameras mounted to existing vehicles and from satellite imagery, which is expected to provide accuracy within 50 centimeters, meeting the level required for self-driving cars.

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Key Market Trends                                                                

Advance Driver Assistance Systems (ADAS) is expected to have significant Growth Rate

- Driver assistance application helps a driver during heavy traffic in the parking zone and on the highways by providing real-time traffic information. It helps in improving the operational assistance of a connected car. This application revenue is expected to witness significant growth in the future. This is mainly because of the high importance of optimal routing and journey management from the end-user perspective.
- The driver assistance system enhances driver safety by using images taken from onboard cameras and RADAR technology. These systems improve the safety of both passengers and pedestrians. Thus, driver assistance application is one of the key services in the connected car segment.
- As the automobile industry continues to incorporate advanced driver assistance systems (ADAS) into cars, the number and variety of semiconductors in the cars continue to increase. The automobile segment continues to represent the largest single application growth opportunity for semiconductor vendors.
- The increased adoption of more sophisticated ADAS functions, which will eventually result in autonomous vehicles, is one of the key factors driving digital maps' growth during the forecast period. As companies continue to understand the sensor data, sensor fusion, and algorithms required for autonomous driving, the large quantities of real-time data that has to be processed could change the vehicle control architecture. Recently, Continental built a new plant for advanced driver assistance systems in the USA.
- Government regulations, including NHTSA's new 5-Star safety rating requirements and EURO NCAP's 5-Star safety, which require some form of collision avoidance and pedestrian safety features, will increase pressure on automobile manufacturers to implement the ADAS functionality.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Automotive Digital Mapping Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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