HD Map For Autonomous Vehicles Market To Hit USD 13.87 Bn By 2028|Top Key Players Autonavi, Baidu, Civil Maps

Market Overview:
Global HD Map for Autonomous Vehicle Market Size Was Valued at USD 2.32 Billion In 2021, And Is Projected to Reach USD 13.87 Billion By 2028, Growing at A CAGR of 29.10% From 2022 To 2028.

The HD map serves as a crucial semantic layer for ensuring the safe navigation of autonomous vehicles by detecting lane boundaries, road signals, crosswalks, traffic lights, and other obstacles. These high-resolution maps, specifically designed for self-driving cars, provide precise location information about surrounding infrastructure, routes, and surroundings. They possess an exceptional level of accuracy, down to the centimeter, and offer virtual support while being easily updatable. Given the potential risks autonomous cars pose to human lives, they must adhere to strict safety requirements.

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Market Dynamics:
Driver:
The global interest in self-driving cars has surged, leading to a significant focus on the study and development of autonomous driving technology by key players in the industry. Prominent automakers such as Ford, Volkswagen, Mercedes-Benz, Toyota, Audi, General Motors, Honda, and Tesla have all expressed their ambitions to create self-driving vehicles. The growth of autonomous vehicles is driven by several notable advantages, including improved efficiency, elimination of human errors in driving, environmentally friendly operation, and more. With the increasing urban population, transportation congestion has become a critical issue. Autonomous vehicles can help address this problem by maintaining shorter minimum distances between vehicles, resulting in better traffic flow, reduced emissions, etc.

Opportunities:
The rapid advancement of automotive technology is driving the world towards connected, shared, electric, and ultimately autonomous vehicles. As technology continues to evolve, autonomous vehicles are expected to play a significant role in the automobile rental services industry, with consumers increasingly trusting them as a safe mode of transportation. Major partnerships have already been formed in this space, such as the collaboration between Waymo, a leading autonomous driving technology company, and Avis Budget Group, a rental car company with a vast fleet of vehicles across multiple countries.

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Market Segmentation
By Solution, the Cloud-based segment is dominating the HD Map for Autonomous Vehicle Market. In the global market, the cloud-based sector holds the majority of the market share. HP map technology, which is cloud-based, saves time and produces precise results with less work and space.

By level of Automation, the semi-autonomous sector now has the biggest market share in the world. Except in a few nations, the present trend is toward automation with semi-autonomous cars, as there is no supporting technology for fully autonomous vehicles. HERE Technologies and TomTom develop maps for semi-autonomous level 2-3 vehicles that emphasize new mobility features like adaptive cruise control and lane-keeping assistance.

By Vehicle Type, Passenger vehicle dominates the HD Map for Autonomous Vehicle Market. In the global market, passenger vehicles account for the lion's share. In the market for passenger car HD maps, there have been numerous advancements. Self-driving automobiles are the specialty of the firms operating in the HD map for autonomous vehicles. Rather than commercial vehicles, they are primarily interested in passenger car mobility.

By Solution
• Cloud-Based
• Embedded

By Level Of Automation
• Semi-Autonomous
• Fully Autonomous

By Vehicle Type
• Passenger
• Commercial

Regional Analysis of HD Map For Autonomous Vehicle Market

North America dominates the HD Map for Autonomous Vehicle Market. In the small car category, the region has seen a shift in focus from collision mitigation to the adoption of ADAS technologies, among other things. Many autonomous car makers have been pushed to integrate advanced mapping features to alleviate consumer perceptions and safety concerns as the demand for such technology-equipped vehicles grow. The deaths caused by rod accidents have been a serious source of concern for the region's government and regulatory organizations. Advanced mapping features are becoming more regulated at the federal level, which could lead to widespread implementation in the next years.

• North America
o US
o Canada
o Mexico

• Eastern Europe
o Bulgaria
o The Czech Republic
o Hungary
o Poland
o Romania
o Rest of Eastern Europe

• Western Europe
o Germany
o UK
o France
o Netherlands
o Italy
o Russia
o Spain
o Rest of Western Europe

• Asia Pacific
o China
o India
o Japan
o South Korea
o Malaysia
o Thailand
o Vietnam
o The Philippines
o Australia
o New Zealand
o Rest of APAC

• Middle East & Africa
o Turkey
o Bahrain
o Kuwait
o Saudi Arabia
o Qatar
o UAE
o Israel
o South Africa

• South America
o Brazil
o Argentina
o Rest of SA

Players Coverd In HD Map For Autonomous Vehicle Market
• Autonavi
• Baidu
• Civil Maps
• Deepmap Inc.
• Here Technologies
• Mapillary
• Mapmyindia
• Momenta
• Naviform
• Navmii
• NVIDIA
• RMSI
• Sanborn Map Company
• Tom-Tom
• Zenrin and other major players.

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Key Industry Developments In The HD Map For Autonomous Vehicle Market
• March 2022, NVidia launched a new mapping platform that will deliver ground truth mapping coverage of over 300,000 miles of roadway in North America, Europe, and Asia to the autonomous car sector.
• July 2021, The HD mapping firm "Camera" was acquired by Toyota's Woven Planet Holding, which focuses on innovative transportation technology. The company has made a series of acquisitions, including a USD 550 million purchase of a Lyft autonomous vehicle unit (Level 5) from Lyft.

Table Of Content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Solution
 3.2 By Level Of Automation
 3.3 By Vehicle Type

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: HD Map for Autonomous Vehicle Market by Solution
 5.1 HD Map for Autonomous Vehicle Market Overview Snapshot and Growth Engine
 5.2 HD Map for Autonomous Vehicle Market Overview
 5.3 Cloud-Based
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Cloud-Based: Grographic Segmentation
 5.4 Embedded
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Embedded: Grographic Segmentation
To Be Continued…..

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