Digital Map Market Trends 2022 | Growth, Share, Size, Demand and Future Scope 2027
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The global digital map market reached a value of US$ 4.17 Billion in 2021. A digital map is an electronic map that accurately represents a specific area, detailing major road arteries, rivers, shopping complexes, and other geographical locations. It comprises a combination of graphic elements assigned to it in the form of electronic information of roads, water bodies, and significant landmarks of a specific area. It helps calculate the distance between two different places or cities, track natural disasters, and monitor other environmental emergencies. It is used in technology, such as google maps, global positioning systems (GPS), foursquare, and google earth. It also finds applications in logistics movement, smart parking, traffic and congestion intelligence, and navigation.
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Significant growth in the automotive industry, coupled with numerous technological advancements in automobiles, represents one of the key factors escalating the demand for real-time digital maps in private and commercial vehicles. Furthermore, rapid digitalization and the growing adoption of mobile computing devices for navigation are positively influencing the market. Moreover, the widespread utilization of digital maps in the engineering and construction sectors is driving the market. Looking forward, IMARC Group expects the market to reach US$ 8.98 Billion by 2027, exhibiting a CAGR of 14.06% during 2022-2027.
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List of Key Companies Covered in this Market Report:
Digital Map Products Inc. (LightBox)
Environmental Systems Research Institute Inc.
Google LLC (Alphabet Inc.)
MAPQUEST INC. (America Online)
TomTom International B.V.
The report has segmented the market on the basis of type, usage, solution, deployment mode, application, end-use industry and geography.
Breakup by Type:
Breakup by Usage:
Breakup by Solution:
Breakup by Deployment Mode:
Breakup by Application:
Real-Time Location Data Management
Geocoding and Geopositioning
Routing and Navigation
Breakup by End-Use Industry:
Engineering and Construction
Logistics and Transportation
Energy and Utilities
Military, Aerospace and Defense
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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