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  • HD Maps Market, Latest Industry Growth, Trends, Revenue, Key Suppliers and Demand Projections by 2027 with Dominant Sectors and Countries Data
    technology 2021. 12. 8. 21:58

    Market Scenario:

    The HD Maps Market will grow at a notable CAGR in the forecast period 2019- 2025, according to the recent Market Research Future (MRFR) analysis. HD or high definition maps are specially built for self-driving purposes and have extremely high precision at centimeter level. Owing to its alluring features and benefits, HD maps have several end uses including internet service providers, defense and aerospace, automotive, and others. 

     

    Various factors are fuelling the global HD maps market growth. As per the recent MRFR market estimates, such factors include the growing awareness about sophisticated technology, autonomous driving trends, self-driving car renting services worldwide, increase in government initiation for autonomous driving, increasing use during COVID-19 outbreak, and the increasing awareness of the benefits of HD maps such as indication of weather forecast, traffic conditions, and road conditions. Besides, self-driving cars is one of the HD maps market trends. 

     

    On the contrary, high price of technology and privacy and legal issues associated with HD maps may limit the global HD maps industry growth over the forecast period. 

     

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    Competitive Outlook:

    The notable players profiled in the global HD maps market report include Cyient Inc. (India), Genesys International Corporation Ltd (India), RMSI (India), Civil Maps (US), Mapbox (US), Navmii (UK), Momenta (US), Deepmap, Inc. (US), Mapmyindia (India), The Sanborn Map Company (US), NavInfo (China), Alibaba (China), Google (US), TomTom NV (The Netherlands), and Here Technologies Inc. (The Netherlands). 

    HD Maps Market Segments

     

    The MRFR report throws light on an inclusive segmental analysis of the global HD maps market based on end user, deployment, and component. 

     

    By component, the HD maps market is segmented into software, service, and hardware. The hardware segment is again bifurcated into inertial measurement unit, LIDAR, global positioning system, camera, and others. The service segment is again bifurcated into advertisement, updates and maintenance, and mapping and localization. Of these, the services segment will lead the market over the forecast period for the increasing need for localization and mapping services in autonomous cars. 

     

    By deployment, the HD maps market is segmented into on-premise and on-cloud. Of these, the on-cloud segment will dominate the market over the forecast period owing to mobility, flexibility, scalability, cost-effective features, and increased collaboration offered by cloud platform that increases the need for cloud-based HD maps solutions. 

     

    By end user, the HD maps market is segmented into internet service providers, defense and aerospace, automotive, and others. Of these, the automotive segment will spearhead the market over the forecast period owing to the high adoption of these maps in autonomous cars as they offer centimeter-level precision. 

    Regional Analysis:

    By region, the global HD maps market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America and the Rest of the World (RoW). Of these, North America will rule the market over the forecast period. The presence of many industry players that are making heavy investments in R&D activities to create HD maps that can offer centimeter-level precision, early adoption of technology, highly skilled expertise increasing adoption of advanced technologies like 5G and AI, and growing adoption of advanced technology in daily life are adding to the global HD maps market growth in the region. 

     

    The HD maps market in Europe is predicted to have the second-largest share over the forecast period. Advances in 5G technology coupled with increasing focus on collaborations and partnerships of HD map developers and automotive manufacturers are adding to the global HD maps market growth in the region. 

     

    The HD maps market in the APAC region is predicted to grow at a fast pace over the forecast period. Rising investments by startups to create HD maps, growing need for autonomous cars, rising smartphone penetration, and increasing adoption of HD maps for localization and mapping purposes are adding to the global HD maps market growth in the region. 

     

    The HD maps market in RoW is predicted to have considerable growth over the forecast period for the increasing adoption of cloud-based services and growing need for HD maps in autonomous cars.

    Browse Full Report Details @ https://www.marketresearchfuture.com/reports/hd-maps-market-8737

    Table of Contents:

    1          Executive Summary

    2          Scope of the Report

    2.1       Market Definition

    2.2       Scope of the Study

    2.2.1    Research objectives

    2.2.2    Assumptions & Limitations

    2.3       Markets Structure

    Continued….

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    About Market Research Future:

    Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

    The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.

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