Press release
HD Map market Size to Grow at CAGR of 32% to Reach USD 12.90 billion through 2029-end | New Opportunities Planning By Exactitude Consultancy
HD Map market Overview:
Qualitative analysis about HD Map market status (2022-2029), enterprise competition pattern, advantages and disadvantages of enterprise Products, industry development trends (2019 to 2029), regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analysed scientifically, the feature of product circulation and sales Distribution will be presented as well.
HD maps are created and updated in real time using data collected from various sensors, cameras and LiDAR. This data helps self-driving cars make better decisions while performing driving tasks. HD maps can also provide location information to help pinpoint the exact location of the vehicle on the map. Recent advances in computer vision and artificial intelligence have enabled visual simultaneous localization and mapping (SLAM) to map the environment around the device while determining the location and orientation of the device in relation to its localization. greatly improved the accuracy of HD Card is also expected to provide advertising services, which will be the most important revenue-generating segment for HD Card companies.
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The comprehensive Demand analysis of the HD Map market will assist in managing better product differentiation, along with detailed understanding of the core capability of each activity involved. The HD Map market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
Following are the major Companies of HD Map market - Technologies Inc., TomTom NV, Google, Alibaba, NavInfo, The Sanborn Map Company, Mapmyindia, Deepmap, Inc., Momenta, Navmi and others.
Recent Developments
In May 2021, HERE and INCREMENT P announced the collaboration for the expansion of the access to high- quality location content and data sets available.
In February 2021, Dynamic Map Platform and Valeo entered into a partnership to jointly develop technologies and business models for precise localization and map updates to facilitate the development of autonomous driving systems. Both parties have agreed to engage in discussions and technical and business studies of high precision localization and map update technologies necessary for the quality achievement of ADAS and autonomous driving, in the aim of jointly providing services on a global scale and a non-exclusive basis.
In June 2021, The Sanborn Map Company was awarded a supply contract from Indian Geographic Information Office (GIO) for updating the digital orthoimagery for the entire state of Indiana.
HD Map market Segmentation:
Based on the industrial chain, this report mainly indicates the definition, types, applications and major players of HD Map market in details.
By Type
Hardware
{Camera, Global Positioning System, LIDAR, and Inertial Measurement Unit, others}
Software
Services {Mapping and Localization, Updates & Maintenance, Advertisement}
By End-User
Automotive
Defense & Aerospace
Internet Service Providers
others
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HD Map market Regional Analysis:
HD Map market research targets on volume and value at regional Opportunity and company Trends From a global perspective, this report Study represents overall market analysed on historical data and future growth Aspects. Geographically, HD Map market report focuses on following key regions: Americas, Europe, Asia-Pacific, Middle East & Africa and ROW.
North America is estimated to be the largest market for HD maps for autonomous vehicles during the forecast period. The North American market is primarily driven by increasing demand for a safe, efficient and comfortable driving experience. Increased investment in self-driving car technology. And a strong presence of HD card providers. Increasing government support and availability of suitable infrastructure for semi-autonomous and autonomous vehicles are expected to boost the market growth in the region.
Growth Market Overview:
Digital transformation of HD Map industry verticals requires broadband services, thereby promoting growth. For instance, increasing online commerce for retail goods and services, digitalization of hospital records, e-government initiatives, and rapidly rising platforms for media and entertainment content are notably augmenting the market growth. Wireless technology holds immense potential in accelerating the global digital revolution across verticals through productivity enhancements and cost-effectiveness.
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