Global High Definition (HD) Maps Market, By Component (Hardware, Software, Service), Deployment Mode (On-Cloud, On-Premise), End User (Automotive, Defense and Aerospace, Internet Service Providers, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global High Definition (HD) Maps Market
The high definition (HD) maps market size is valued at USD 30 Billion by 2028 is expected to grow at a compound annual growth rate of 25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on high definition (HD) maps provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
High definition maps also termed as HD maps have high precision at centimeter-level and are built particularly for self-driving purposes. HD maps are also used in navigation devices, smartphones and autonomous cars to obtain accurate information and instructions regarding how to move around in the 3D space.
The increase in investments by start-ups in the development of HD maps owing to the rise in trend of autonomous cars is expected to influence the growth of high definition (HD) maps market over the forecast period of 2021 to 2028. Also the rise in trend of self driving cars and self driving car renting services across the globe is also anticipated to flourish the growth of the high definition (HD) maps market. Furthermore, the rise in uptake of advanced technology in day-to-day life and increase in spending capacity of the people are also likely to positively impact the growth of the High definition (HD) maps market. Moreover, the rapid rise in the popularity of car rental services as well as autonomous vehicles are also expected create a huge demand for high definition (HD) maps as well as lifting the growth of the high definition (HD) maps market.
However, the various legal and privacy issues associated to HD maps and high cost of technology are expected to act as the major limitations for the growth of high definition (HD) maps in the above mentioned forecasted period, whereas the lack of standardization in HD maps can challenge the high definition (HD) maps market growth in the forecast period of 2021 to 2028.
Likewise, the rapid Advancements in 5G technology, rise in smartphone penetration and high adoption of HD maps for mapping and localization purposes are expected to create various new opportunities that will lead to the growth of the high definition (HD) maps market in the above mentioned forecasted period.
This high definition (HD) maps market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the high definition (HD) maps market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global High Definition (HD) Maps Market Scope and Market Size
The high definition (HD) maps market is segmented on the basis of component, deployment mode and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the high definition (HD) maps market is segmented into hardware, software, and service. Hardware has further been segmented into camera, global positioning system, LIDAR and inertial measurement unit and others. Service segment has further been segmented into mapping and localization, updates and maintenance and advertisement.
- Based on deployment mode, the high definition (HD) maps market is segmented into on-premises and cloud.
The end user segment of the high definition (HD) maps market is segmented into automotive, defense and aerospace, internet service providers and others.
High Definition (HD) Maps Market Country Level Analysis
The high definition (HD) maps market is analyzed and market size, volume information is provided by country, component, deployment mode and end user as referenced above.
The countries covered in the high definition (HD) maps market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the high definition (HD) maps market because of the strong presence of major key players and high investment in research and development activities to develop HD maps which are proficient of offering centimeter-level precision. Asia-Pacific is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to rise in investments by startups to develop HD maps and high demand for autonomous cars.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and High definition (HD) Maps Market Share Analysis
The high definition (HD) maps market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to high definition (HD) maps market.
The major players covered in the high definition (HD) maps market report are HERE, TomTom International BV., Google, NavInfo Co., Ltd., The Sanborn Map Company, Inc., CE Info Systems Pvt. Ltd., DEEPMAP, Momenta, Navmii, Mobileye, RMSI, Genesys International Corporation Ltd., Cyient, NVIDIA Corporation, ZENRIN USA, ZF Friedrichshafen AG, Blickfeld GmbH, Waymo LLC, Ushr Inc., and Argo AI, LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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