HD Maps for Autonomous Vehicles Market

Global HD Maps for Autonomous Vehicles Market by Automation Levels (L2 & L3 and L4 & L5), Solutions (Cloud and Embedded), Applications (Mapping and Localization), Vehicle Types (Passenger Vehicles and Commercial Vehicles), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East &Africa) Forecasts, 2020-2027

  • Report ID: AL-191
  • Author: Growth Market Reports
  • Rating: 4.2
  • Total Reviews: 4
  • No. Of Pages: 165
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The global HD map for autonomous vehicle market is projected to expand at a high CAGR during the forecast period. The growth of the market is attributed to the growing demand for autonomous vehicles and rising government initiative for autonomous driving.

The high definition or HD maps are persistently built for self-driving support with exceptionally high precision at the centimeter range. Growing demand for real-time data and increasing use of online cab services and car rentals are expected to create lucrative opportunities in the HD map for autonomous vehicles market.


Market Trends, Drivers, Restraints, and Opportunities:

  • Rising awareness about the several features of HD maps such as traffic conditions, weather forecast, and indication of road conditions boost their demand is projected to fuel the growth of the market significantly during the forecast period.
  • Increasing adoption of autonomous driving and rising investment in startups for developing HD maps is projected to drive the global HD maps for autonomous vehicles market during the forecast period.
  • Growing awareness about the advanced technology, which provides accurate navigation and boosts dependency on the Internet are projected to drive the market.
  • Increasing commercial rental services is projected to fuel market growth during the forecast period.
  • HD maps for autonomous vehicles help drivers to visualize routes and assist them in critical decision-making by providing improved road safety, which in turn, is projected to increase the adoption of HD maps for autonomous vehicles.
  • Factors such as high technology costs and legal and privacy issues related to HD maps for autonomous vehicles are expected to restraint the market.
  • Advancements in 5G technology are expected to showcase create opportunities for key market players in the HD map for autonomous vehicles market during the forecast period.


Scope of the report:

The report on the global HD map for autonomous vehicle market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Base Year

2019

Historic Data

2017 & 2018

Forecast Period

2020–2027

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast



Global HD Maps for Autonomous Vehicles Market Segment Insights:

Based on automation levels, the HD maps for autonomous vehicles market can be divided into L2 & L3 and L4 & L5. The L2 & L3 segment is projected to dominate the market during the forecast period owing to the rapid adoption of the technology and the integration of advanced driver assistance systems.
In terms of solutions, the market can be segregated into cloud and embedded. The cloud segment is expected to dominate the global market during the forecast period owing to the rising number of startups providing cloud-based service and smooth turnkey solutions. Information provided about the lanes, parking space, roads, and footpaths accumulated by the sensors and cameras is utilized as inputs in the algorithm, applied in cloud point technology, which helps decrease latency when the same route is taken. The cost factor plays an important role in the expanded market share of cloud segment, as the embedded system needshuge storage space.

In terms of applications, the market can besegregated intomapping and localization. The mapping segment is projected to dominate the global market during the forecast period, as it provides accurate navigation.

On the basis of vehicle types, the HD maps for autonomous vehicles market can be categorized as passenger vehicles and commercial vehicles. The passenger vehicles segment is projected to dominate the market owing to the implementation of strict regulations related to autonomous commercial vehicles, as they are not commercialized. The commercial vehicle segment is projected to grow due to the commercialization of these vehicles. Specifications required to be integrated while building the HD map in more complicated for commercial vehicles such as trucks than passenger vehicles.

Based on regions, the global HD maps for autonomous vehicles market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global HD maps for autonomous vehicle market and account for a substantial share of the market during the forecast period owing to the presence of major market players in the region investing extensively in the research activities for developing HD maps that are capable of providing centimeter-level accuracy. Additionally, early adoption of technology in the region, presence of extremely skilled expertise, and increasing adoption of advanced technologies such as 5G and AI fuel the market in North America. Europe is projected to account for a substantial share of the market owing to the advancements in 5G technology and growing focus on collaborations and partnerships of automotive producers and HD map developers. The market in Asia Pacific is expected to grow at a substantial pace during the forecast period owing to rising investments to develop HD maps by startups and growing demand for autonomous cars. Increasing smartphone penetration and growing adoption of HD maps for localization and mapping purposes are propelling the market in Asia Pacific.
 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. HD Maps for Autonomous Vehicles Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. HD Maps for Autonomous Vehicles Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. HD Maps for Autonomous Vehicles Market - Supply Chain
  4.5. Global HD Maps for Autonomous Vehicles Market Forecast
     4.5.1. HD Maps for Autonomous Vehicles Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. HD Maps for Autonomous Vehicles Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. HD Maps for Autonomous Vehicles Market Absolute $ Opportunity
5. Global HD Maps for Autonomous Vehicles Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. HD Maps for Autonomous Vehicles Market Size and Volume Forecast by Applications
     5.3.1. Mapping
     5.3.2. Localization
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global HD Maps for Autonomous Vehicles Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. HD Maps for Autonomous Vehicles Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global HD Maps for Autonomous Vehicles Demand Share Forecast, 2019-2026
7. North America HD Maps for Autonomous Vehicles Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America HD Maps for Autonomous Vehicles Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America HD Maps for Autonomous Vehicles Market Size and Volume Forecast by Applications
     7.4.1. Mapping
     7.4.2. Localization
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America HD Maps for Autonomous Vehicles Demand Share Forecast, 2019-2026
8. Latin America HD Maps for Autonomous Vehicles Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America HD Maps for Autonomous Vehicles Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America HD Maps for Autonomous Vehicles Market Size and Volume Forecast by Applications
     8.4.1. Mapping
     8.4.2. Localization
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America HD Maps for Autonomous Vehicles Demand Share Forecast, 2019-2026
9. Europe HD Maps for Autonomous Vehicles Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe HD Maps for Autonomous Vehicles Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe HD Maps for Autonomous Vehicles Market Size and Volume Forecast by Applications
     9.4.1. Mapping
     9.4.2. Localization
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe HD Maps for Autonomous Vehicles Demand Share Forecast, 2019-2026
10. Asia Pacific HD Maps for Autonomous Vehicles Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific HD Maps for Autonomous Vehicles Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific HD Maps for Autonomous Vehicles Market Size and Volume Forecast by Applications
     10.4.1. Mapping
     10.4.2. Localization
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific HD Maps for Autonomous Vehicles Demand Share Forecast, 2019-2026
11. Middle East & Africa HD Maps for Autonomous Vehicles Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa HD Maps for Autonomous Vehicles Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa HD Maps for Autonomous Vehicles Market Size and Volume Forecast by Applications
     11.4.1. Mapping
     11.4.2. Localization
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa HD Maps for Autonomous Vehicles Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global HD Maps for Autonomous Vehicles Market: Market Share Analysis
  12.2. HD Maps for Autonomous Vehicles Distributors and Customers
  12.3. HD Maps for Autonomous Vehicles Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

By Automation Levels

  • L2 & L3
  • L4 & L5

By Solutions

  • Cloud
  • Embedded

By Applications

  • Mapping
  • Localization

By Vehicle Types

  • Passenger Car
  • Commercial Vehicles

By Regions

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

Key players in the global HD maps for autonomous vehicles market includeTomTom International BV, The Sanborn Map Company, Inc., NVIDIA Corporation, NavmiiNavInfo Co., Ltd, Momenta, HERE, DEEPMAP, and CE Info Systems Pvt. Ltd. These players are engaged in strategies such as product approvals, product launches,acquisitions, collaborations, and partnership.

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