A Global HD Maps for Autonomous Vehicles Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the HD Maps for Autonomous Vehicles industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the HD Maps for Autonomous Vehicles market, this study covers qualitative and quantitative aspects of the HD Maps for Autonomous Vehicles market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.
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. The technology enables autonomous vehicles to overcome sensing limitations by providing information beyond the range of the camera, LiDAR, and radar, which is driving traction of and preference for HD maps among autonomous vehicle manufacturers.
Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the HD Maps for Autonomous Vehicles industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the HD Maps for Autonomous Vehicles industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall HD Maps for Autonomous Vehicles industry.
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Radical Highlights of the HD Maps for Autonomous Vehicles Market Report:
- Comprehensive overview of the HD Maps for Autonomous Vehicles market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and RD advancements on the HD Maps for Autonomous Vehicles market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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Market Dynamics:
The report offers insightful information about the market dynamics of the HD Maps for Autonomous Vehicles market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the HD Maps for Autonomous Vehicles market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the HD Maps for Autonomous Vehicles market.
Key Companies Profiled in the Report:
NVIDIA, Tomtom, DeepMap, Here Technologies, Navinfo, Civil Maps, Mapmyindia, Sanborn Map Company, Navmii and Autonavi
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HD Maps for Autonomous Vehicles Market Segmentation:
Level of automation Outlook (Revenue, USD Billion; 2021–2028)
- Semi-Autonomous (Level 23)
- Autonomous (Level 45)
Solution Outlook (Revenue, USD Billion; 2021–2028)
- Embedded
- Cloud-based
Services Outlook (Revenue, USD Billion; 2021–2028)
- Localization
- Advertisement
- Mapping
- Update Maintenance
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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