Press release
Evolving Market Trends In The Automotive Digital Mapping Industry: Innovative Solutions In Automotive Digital Mapping
Automotive Digital Mapping Market Size
What Is the Expected Automotive Digital Mapping Market Size During the Forecast Period?
The automotive digital mapping market size has expanded rapidly in recent years. It will grow from $9.14 billion in 2024 to $10.71 billion in 2025, at a CAGR of 17.1%. The historic growth can be attributed to the early development of digital mapping, the expansion of the automotive industry, the growth of the commercial vehicle market, the increasing demand for navigation and location-based services, and the adoption of advanced driver assistance systems (ADAS).
The automotive digital mapping market is projected to grow to $19.92 billion in 2029 at a CAGR of 16.8%, driven by smart city expansion, traffic information needs, EV growth, sustainability focus, and logistics development. Trends include mobility mapping, AI/ML enhancements, AR integration, and partnerships with governments.
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What Are the High-Growth Segments in the Automotive Digital Mapping Market?
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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What Key Drivers Are Expected to Influence Future Automotive Digital Mapping Market Growth?
The increasing number of connected cars is expected to drive the growth of the automotive digital mapping market. Connected cars, equipped with internet connectivity and wireless communication technologies, are rising in popularity due to technological advances and growing consumer demand. Automotive digital mapping enables advanced navigation, real-time traffic information, and enhanced safety features. Casa Autopromotec reported in January 2023 that the global count of connected cars reached 350 million in 2023, an 18% increase from 2022.
Which Companies Hold the Largest Share Across Different Automotive Digital Mapping Market Segments?
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 Developing Trends in the Automotive Digital Mapping Market?
Companies in the automotive digital mapping market are focusing on developing advanced automated mapping technology, such as UniMap, to improve the accuracy and efficiency of navigation systems. UniMap provides next-generation mapmaking capabilities and ensures the freshest data for maps. For example, in March 2023, HERE Technologies, a Netherlands-based company, launched UniMap, a highly automated platform that enables the rapid creation and update of digital maps and location products, offering high map freshness, quality, and coverage with the ability to reflect changes in physical reality within 24 hours.
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What Are the Emerging Geographies for The Automotive Digital Mapping Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Digital Mapping Market?
2. What is the CAGR expected in the Automotive Digital Mapping Market?
3. What Are the Key Innovations Transforming the Automotive Digital Mapping Industry?
4. Which Region Is Leading the Automotive Digital Mapping Market?
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