Press release
Automotive Digital Mapping Market Insights Shared In Detailed Report 2021, Forecasts to 2026
The Automotive Digital Mapping Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Automotive Digital Mapping market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Automotive Digital Mapping market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Automotive Digital Mapping market.The automotive digital mapping market is expected to register a CAGR of 12.75% over the forecast period (2021-2026).
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Top Leading Companies of Automotive Digital Mapping Market are - Google LLC, Apple Inc., Micello Inc., HERE Technologies, TomTom NV, ARC Aerial Imaging Inc., Mapquest Inc., ESRI Inc., MiTAC Holdings Corporation, Nearmap Ltd and others.
Industry News and Updates:
- 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.
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.
North America is Expected to Have Significant Market Share
- The improved precision by the usage of GPS systems is leading to increasing reliance on GPS systems. This, coupled with the increasing number of autonomous vehicles and defense spending, are the primary reasons for the high adoption of these systems in the United States.
- The United States is also leading the world to adopt autonomous vehicles, with around 4.5 million vehicles by 2035. This growth is majorly attributable to technology giants, like Tesla Motors, Ford Motor Company, General Motors, and Chrysler.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Automotive Digital Mapping Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Automotive Digital Mapping Market (%),2016 - 2026
- Automotive Digital Mapping Market Share, By Brand
- Automotive Digital Mapping Market Share, By Company
- Automotive Digital Mapping Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Automotive Digital Mapping Market Value Analysis & Forecast
- Promising Automotive Digital Mapping Development by Major Companies
- Detailed Automotive Digital Mapping Portfolio of the Major Companies
- Major Deals in the Automotive Digital Mapping Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082592180/automotive-digital-mapping-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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