The newly HD Map market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
The maps that are particularly built for self-driving purposes are usually called High Definition Maps or HD Maps for short. These maps specifically have extremely high precision at centimeter-level. This is because the robots need very precise instructions on how to maneuver themselves around the 3D space.
On the basis of products, the various types include Cameras, positioning systems, Involving LIDAR, Inertial measurement unit (IMU), and Others. On the basis of application, the HD Map market is segmented into Navigation, Communication, and GeoSpatial.
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Market Insights
According to a new research study, the HD Map market size is expected to reach USD 27,542 million by 2026 from USD 604 million in 2019, with a compound annual growth rate of 72.58% during the forecast period. The growth can be mainly attributed to the increasing demand for HD Map in Navigation, Communication, GeoSpatial industries. Moreover, the implementation of intelligent PDA (Personal Digital Assistance) and growing awareness regarding advanced technology and dependence on the internet are also projected to drive the growth of the market. With the recovery of the global economy and the development of emerging powers, the HD Map market is endowed with a promising future. HD maps provide detailed information about road traffic, road shape, lane slope, curvature, roll data, and elevation. As a result, the demand for HD maps is growing globally.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
North America is the global market leader at a share of 32.50%, will likely retain its dominant share. This can be attributed to the rising uptake of advanced technology in day-to-day life. Europe is currently leading Asia-Pacific with a share of 28.96% and 28.38%. In Asia-Pacific, fast-paced urbanization, growing internet penetration, large populations, and the popularity of car rental services and autonomous vehicles in emerging countries, are expected to propel the growth of the market.
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Competitive Players
The HD Map market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are Sandborn, Baidu, lvl5, Inc., DeepMap, and Here. Other prominent vendors in the market are TomTom, Google, CARMERA, Alibaba, Navinfo, Mapmyindia, and others.
Target Audience for this Report
l HD Map manufacturers
l HD Map importers and exporters
l HD Map traders, distributors, and suppliers
l HD Map industry associations
l Product managers, HD Map industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Government agencies and NGOs
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of HD Map Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of HD Map Market by Types
4 Segmentation of HD Map Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of HD Map Market in Major Countries
7 North America HD Map Landscape Analysis
8 Europe HD Map Landscape Analysis
9 Asia Pacific HD Map Landscape Analysis
10 Latin America, Middle East & Africa HD Map Landscape Analysis
11 Major Players Profile
11.1 Sandborn
11.1.1 Sandborn Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Baidu
11.3 lvl5, Inc.
11.4 DeepMap
11.5 Here
11.6 TomTom
11.7 Google
11.8 CARMERA
11.9 Alibaba
11.10 Navinfo
11.11 Mapmyindia
…
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Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
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