Digital Map Market

The global digital map market size was valued at USD 6.10 billion in 2020 and is projected to expand at a CAGR of 13.1% during the forecast period, 2021–2028. The growth of the market is attributed to the increased implementation of innovative technologies in map building and surveying across a variety of industries.

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A digital map is an electronic map whose function is based on a set of graphic components that have been allocated to it in the form of electronic data. In comparison to printed maps, digital maps are more accurate and can be quickly updated to accomplish user-specific activities. Moreover, a digital map consists of geospatial technologies that can offer enhanced coverage across satellite constellations, expanded capture possibilities, and more precise targeting. The use of map-based apps is expected to skyrocket soon, thanks to rising internet penetration and the proliferation of connected devices such as smartphones, tablets, and interactive displays. Open-data sources such as OpenStreetMap and Open Addresses are expected to have a substantial impact on the digital map competitive landscape. The generation of digital maps, on the other hand, requires a considerable investment in terms of sensors, data collection technology, and data collection mode, all of which may limit the number of people who join the development field. A large number of application providers that cater to certain industries and employ novel techniques to enrich current data sets are expected to grow in the coming years.

Furthermore, the pace with which the automobile industry has adopted digital mapping software for use in self-driving cars has aided in raising market competition. The industry is projected to see fast integration of geomatics technologies such as mapping, GPS, and images in the next years. However, automotive applications include fleet management, logistics control systems, and Advanced Driver Assistance Systems, in addition to self-driving automobiles (ADAS).

Market Trends Drivers, Restraints, and Opportunities

• Increasing adoption of advanced technologies and integration of internet-enabled smartphones for digital map are expected to propel the market expansion in the coming years.
• Rise in the implementation of 3D platforms and faster use of digital maps in the automotive industry as well as other industrial verticals are main driving force for market growth.
• High cost associated with data collection and lack of availability of experts handling the tools are major challenges, likely to hinder the market growth during the forecast period.
• Cloud computing and big data are becoming more prevalent in digital mapping systems, which are projected to create significant growth opportunities for the market in the future.

Scope of the Report

The report on the global digital map market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Digital Map Market Segment Insights

Automotive segment is expected to grow at a rapid pace

Based on applications, the digital map market is divided into enterprise solutions, government & public sector, military & defense, mobile devices, and automotive. The mobile device segment is further categorized as GPS and smartphones/tablets. Meanwhile, the automotive segment is bifurcated into semi-autonomous and non-autonomous. The automotive segment is expected to grow at a rapid pace during the forecast period due to the rise in demand for vehicle navigation in the field of connected vehicles. However, the mobile device segment is anticipated to hold a key share of the market in the coming years owing to the rapid growth in the number of smartphones users across the globe.

Outdoor segment is projected to expand at a considerable CAGR

On the basis of usage, the market is bifurcated into outdoor and indoor. The outdoor segment is projected to expand at a considerable CAGR during the forecast period due to the serious outdoor professionals and adventure use navigation systems.  On the other hand, the indoor segment is anticipated to account for a major market share during the forecast period owing to increasing demand from indoor location-based service providers.

GIS segment to constitute a robust market share

In terms of types, the digital map market is segregated into digital orthophotography, aerial photography, GIS, LiDAR, and others. The GIS segment is estimated to account for a significant market share during the forecast period due to the growing use of digital maps in urban development and city infrastructure planning. Furthermore, by combining traditional business analytics with GIS, corporations have been able to properly analyses market demographics and improve their business intelligence systems. During the projected period, the digital orthophotography and LiDAR segment is expected to be a fast-growing category due to the extensively utilized of data collecting methods offering numerous advantages.

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Management is anticipated to appear as a fast-growing segment

On the basis of services, the market is divided into development, consulting, and management. The management segment is further categorized as data management and tracking & analysis. Owing to the constantly expanding need for geospatial data collection, analysis, and visualization, the management segment dominated the market in 2020. The development sector, however, is the foundation of the digital map value chain and is projected to account for a sizable portion of the market. Moreover, several digital mapping service providers are concentrating on integrating digital maps with customers' systems to provide dynamic and easily accessible digital maps.

North America is estimated to constitute a key market share

In terms of regions, the digital map market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period due to rising adopting of digital technology by several businesses for end-to-end map solutions in the age of digital transformation. However, the market of Asia is anticipated to expand at a rapid pace during the forecast period as a result of the rapid increase in demand for geospatial data, GIS systems, and related services. Furthermore, expanding digital infrastructure in nations such as China and India are providing new business opportunities for suppliers, leading to the regional market development.

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Segments

Segments Covered in the Report

The global digital map market has been segmented on the basis of

Applications

• Enterprise Solutions
• Government & Public Sector
• Military & Defense
• Mobile Devices
  • GPS     
  • Smartphones/Tablets
• Automotive
  • Semi-autonomous
  • Non-autonomous

Usage

• Outdoor
• Indoor

Types

• Digital Orthophotography
• Aerial Photography
• GIS
• LiDAR
• Others

Services

• Development
• Consulting
• Management
  • Data Management
  • Tracking & Analysis

Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• HERE Holding Corporation
• TomTom International B.V.
• MapData Services
• ESRI, Inc.
• Google LLC (Alphabet Inc.)
• Maxar Technologies (DigitalGlobe)
• ThinkGeo LLC.
• Apple Inc.
• Getmapping PLC

Competitive Landscape

Key players competing in the global digital map market are HERE Holding Corporation; TomTom International B.V.; MapData Services; ESRI, Inc.; Google LLC (Alphabet Inc.); Maxar Technologies (DigitalGlobe); ThinkGeo LLC.; Apple Inc.; and Getmapping PLC.

Companies have launched online services and mobile applications for maps that deliver extensive information and real-time updates to consumers as technology advances. For example, HERE Technologies, a provider of mapping and location platform services, teamed up with Bose Corporation in January 2020 to assist developers in deploying augmented reality (AR) location apps and services.