HD Map for Autonomous Vehicles Market Set for Rapid Growth During 2022 - 2028

HD maps provide a highly accurate picture of the road, including traffic signs, lane models, lane geometry, lane-level speed limitations, and road furniture, among other features. The capacity of HD maps to offer drivers with exact information on the location of each road element, even in adverse weather, is boosting demand for this technology among autonomous vehicle manufacturers.

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Companies Profiled in this report includes: Civil Maps, DEEPMAP, HERE, CE Info Systems Pvt. Ltd., Momenta, NavInfo Co.,Ltd., ZF Friedrichshafen AG, Mapillary, The Sanborn Map Company, Inc., TomTom International BV

IMPACT OF COVID-19 ON HD MAP FOR AUTONOMOUS VEHICLES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

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 MARKET SEGMENTATION

 Based on solution type, the global HD map for autonomous vehicles market is segmented into cloud-based and embedded.

 On the basis of application, the market is segmented into personal mobility and commercial mobility.

 Based on vehicle type, the global HD map for autonomous vehicles market is segmented into passenger vehicles and commercial vehicles.

MARKET DYNAMICS

Drivers:

 Rising need to increase mobility and reduce motor accidents.

Increasing advancement in new generation high accuracy and realistic digital maps.

Restraints

Cost of installation of HD maps in autonomous vehicles.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.