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Increasing need to improve driver safety and comfort and deconjest road traffic are some key factors driving global HD maps for autonomous vehicles market growth.
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www.emergenresearch.com HD Maps for Autonomous Vehicles Market Report 2021-2028 HD Maps for Autonomous Vehicles Market Size Worth USD 16.51 Billion by 2028
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Market Summary The global HD maps for autonomous vehicles market is expected to reach a market size of USD 16.51 Billion at a steady CAGR of 34.3% in 2028, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to increasing requirement for new generation of highly accurate and realistic digital map solutions and software. The ability of HD maps to determine the exact position of a vehicle in real-time with the help of analyzed data from multiple sources such as vehicle sensors, LiDAR, onboard cameras, satellite imagery, and GPS is driving demand for and deployment of HD maps among autonomous vehicle manufacturers. HD mapping technology allows a driverless vehicle to localize itself with high precision by mapping its exact location with respect to the surrounding environment. Some Key Highlights From the Report: In November 2019, TomTom, which is a location technology specialists, and the University of Amsterdam (UvA) • announced the opening of a new research Atlas Lab for autonomous vehicles. Atlas Lab is expected to focus on utilizing Artificial Intelligence for developing advanced, highly accurate, and safe high-definition maps for self-driving vehicles. www.emergenresearch.com
Market Summary Key Highlights From The Report • Semi-Autonomous (Level 2&3) segment accounted for largest market share of 62.5% in 2020. Presence of more stringent regulations regarding autonomous driving compared to semi-autonomous driving are boosting demand for semi-autonomous vehicles. • Cloud-based solutions segment revenue is expected to expand at a rapid CAGR of 34.8% during the forecast period. Major players in the market such as TomTom, NVIDIA, and HERE Technologies are increasingly utilizing cloud-based services as these offer more accuracy and easy updating of maps. • Localization segment accounted for a significantly high revenue share in the HD maps for autonomous vehicles market in 2020. Safety and comfort of the driver is increased with the help of HD map software as it enables localization beyond GPS accuracy. • Key players in the market include NVIDIA, TomTom, DeepMap, Here Technologies, Navinfo, Civil Maps, Mapmyindia, Sanborn Map Company, Navmii, and Autonavi. Request Free Sample Copy @ https://www.emergenresearch.com/request-sample/509 ww.emergenresearch.com
Market Summary Emergen Research has segmented the global HD maps for autonomous vehicles market on the basis of level of automation, solution, services, vehicle type, and region: Level of automation Outlook (Revenue, USD Billion; 2021–2028) • Semi-Autonomous (Level 2&3) • Autonomous (Level 4&5) Solution Outlook (Revenue, USD Billion; 2021–2028) • Embedded • Cloud-based Read More @ https://www.emergenresearch.com/industry-report/hd-maps-for-autonomous-vehicles-market
Market Summary Services Outlook (Revenue, USD Billion; 2021–2028) • Localization • Advertisement • Mapping • Update & Maintenance Vehicle Type Outlook (Revenue, USD Billion; 2021–2028) • Commercial Vehicles • Passenger Vehicles Regional Outlook (Revenue, USD Billion; 2017-2027) • North America • Europe • Asia Pacific • Latin America • MEA
Parameter Details Market Size Estimation Period 2021-2028 Base Year Considered 2020 Historical Data 2017-2019 Forecast Period 2021-2028 Volume: Thousand Tons, Revenue in USD billion & CAGR from 2020 to 2027 Quantitative Units Segments Covered Type, End user, Materials used, Region MARKET The U.S., Germany, U.K., Italy, China, India, Japan, Brazil Countries Included SEGMENTATION Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends Report Coverage Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa Customization Scope 10 hours of free customization & expert consultation Explore Different Purchase Options & Request for Discount to Avail New Year Discount Pricing and Purchase Options www.emergenresearch.com
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