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What's Driving the Automotive Digital Mapping Market 2025-2034: Impact Of Connected Vehicles On Automotive Digital Mapping Market
Automotive Digital Mapping Market Size
The size of the automotive digital mapping market has seen a swift expansion in the last few years. The market, which is predicted to rise from $9.14 billion in 2024 to $10.71 billion in 2025, flaunts a compound annual growth rate (CAGR) of 17.1%. The historical growth of this market can be traced back to the initial development of digital mapping and the thriving automotive industry. Other factors driving this growth include the branching out of the commercial vehicle market, a surge in consumer demand for navigation, as well as location-oriented services, and the implementation of advanced driver assistance systems (ADAS).
In the coming years, the market size of automotive digital mapping is predicted to witness a substantial growth, with an expected reach of $19.92 billion in 2029 at a compounded annual growth rate (CAGR) of 16.8%. The predicted growth in the forecast period is credited to the proliferation of smart city projects, increased demand for real-time traffic data, the surge in the electric vehicle market, emphasis on environmental sustainability, and the expansion in the delivery and logistics sector. Key trends anticipated during this forecast period encompass the integration of mapping technology in emerging mobility, advancements in artificial intelligence and machine learning, the use of Augmented Reality (AR) technology, and partnerships between mapping firms and governments.
What Are the Primary Growth Drivers for the Automotive Digital Mapping Market?
The increase in the number of interconnected vehicles is predicted to foster the expansion of the automotive digital mapping market. Interconnected vehicles are essentially cars armed with internet and wireless communication technologies, allowing for data exchange with other cars, infrastructures, and external networks. The uptake of this interconnected car technology is skyrocketing, fueled by technological progress, consumer's demand, the surge in autonomous and electric vehicles, and profitable business opportunities. Automotive digital mapping, a key ingredient of interconnected car technology, provides vehicles with advanced navigational capabilities, updates on real-time traffic, improved safety attributes, and a smooth driving experience. For example, Casa Autopromotec s.r.l., a machinery product manufacturing company based in Italy, reported that as of January 2023, the global figure of interconnected cars on road had reached 350 million, marking an 18% rise from 2022. Hence, the escalating number of interconnected vehicles is propelling the expansion of the automotive digital mapping market.
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Which Businesses Are at the Forefront of Automotive Digital Mapping Market Development?
Major companies operating in the automotive digital mapping market are Apple Inc., Google LLC, Microsoft, Huawei Technologies Co. Ltd., Denso Corporation, Continental AG, Magna International Inc., Aisin Seiki Co. Ltd., NVIDIA Corporation, Valeo, Baidu Inc., NXP Semiconductors, Analog Devices Inc., Renesas Electronics Corporation, Synopsys Inc., Trimble Inc., HERE Technologies, DigitalGlobe Inc., MiTAC International Corporation, ESRI Inc., Cyient Limited, TomTom International, Telenav Inc., Mapbox Inc., INRIX Inc., Nearmap Ltd., GeoDigital International Inc., Waze Mobile Ltd.
What Are the Latest Innovations in the Automotive Digital Mapping Market?
Prominent corporations in the automotive digital mapping industry are emphasizing the development of cutting-edge, high-efficiency mapping technologies like UniMap to improve the precision and productivity of navigation systems. UniMap stands as a map-making platform offering advanced capabilities and delivering the most recent data, transforming the way maps are both constructed and utilized. For instance, in March 2023, HERE Technologies, a mapping technology expert from the Netherlands, launched UniMap. This highly automated mapping technology catapults the quick production of digital maps and location-based products. It is crafted to expedite the creation of digital maps and location products while ensuring unmatched map freshness, quality, and coverage. UniMap operates on a novel computing structure that automates the process of map data handling and creation, amalgamates multiple data forms, generates a unified map, and permits alterations detected in the physical world to be displayed on the map within a 24-hour time frame.
How Is the Automotive Digital Mapping Market Segmented?
The automotive digital mapping market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Mapping Type: 2D Maps, 3D Maps, Satellite Imagery
3) By Application: Autonomous Cars, Logistics Control Systems, Advanced Driver Assistance Systems, Other Applications
Subsegments:
1) By Solutions: Mapping Software, Navigation Systems, Real-Time Traffic Mapping Solutions, Geospatial Data Solutions, Map Update Solutions, Autonomous Vehicle Mapping Solutions
2) By Services: Map Data Collection And Processing Services, Data Analytics And Insights Services, Integration And Implementation Services, Map Customization And Consultation Services, Maintenance And Support Services
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Where Is the Automotive Digital Mapping Market Growth Most Prominent?
North America was the largest region in the automotive digital mapping market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive digital mapping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Automotive Digital Mapping Global Market Report?
- Market Size Analysis: Analyze the Automotive Digital Mapping Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Digital Mapping Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Digital Mapping Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Digital Mapping Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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