Digital Map Market Research Report - Forecast to 2027

Global Digital Map Market Research Report: By Type (Services, Solutions), By Functionality (Scientific, GPS Navigation, Computerized), By Application (Indoor, Outdoor), By Technology (GIS, Digital Orthophotography, Aerial Photography, Others) and By Vertical (Automotive, Defense & Aerospace, Smartphones, Others) – Forecast to 2027

ID: MRFR/ICT/5137-HCR | October 2018 | Region: Global | 100 pages         

Digital Map Market

The digital map market size was valued at USD 4,679 Million, and is projected to reach, growing at a CAGR of 16 % from 2017 to 2023.

Segmentation

By Type Services Solutions
By Functionality Scientific GPS Navigation Computerized
By Application Indoor Outdoor
By Technology GIS Digital Orthophotography Aerial Photography
By Vertical Automotive Defense & Aerospace Smartphones

Key Players

  • Digital Map Products (US)
  • TomTom (Netherlands)
  • OpenStreetMap (UK)
  • AutoNavi (China)
  • and Digital Mapping Solutions (Australia)
  • MapMan (UK)
  • ARC Aerial Imaging Limited (UK)
  • MapmyIndia (India)
  • Microsoft (US)
  • Living Map (UK)
  • NavInfo (China)
  • Mapbox (US)
  • INRIX (US)
  • MiTAC International Corporation(Taiwan).

Drivers

  • Tracking of natural calamities
  • monitoring of other environmental emergencies and the calculation of the distance between places are among the desirable features of digital mapping which contribute to the growth of the digital map market.
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Digital Map Market Overview:
According to the reports, Due to technology advancements and the increasing use of digital maps all over a wide range of sectors, the digital map market size is expected to generate significant profits over the projected period. In recent times, digital mapping has gained widespread acceptance and has unlocked the way to a plethora of new opportunities. According to Market Study Future or MRFR in comprehensive research analysis, the worldwide digital map industry is on a strong development path and is expected to continue to expand at a rapid pace in the upcoming years. The much more accurate representation of a place is provided to users through the use of digital maps, which are constantly updated with data gathered from satellites and street-level info.


Digital maps have been integrated into current automobile technology by the automotive sector, which has been a pioneer in this area. Digital maps have grown in popularity in navigational and self-driving vehicle technologies since they allow for genuine mapping to be performed. Advanced Driver Assistance Systems (ADAS), logistics, and  fleet management control systems are a few of the areas where automotive applications may be found. Monitoring natural disasters as well as other environmental crises, as well as the computation of travel distances between locations, are some of the desired characteristics of digital mapping that lead to the expansion of the digital map industry.


This report contains all the information on the global digital map market analysis and its strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global digital map market forecast for 2023 is also included in the report.


Covid 19 Analysis:
The Covid-19 has had a mixed effect on the development of the worldwide digital map industry, according to the results. Because of this, there has been a spike in sales for digital map services to assist in monitoring Covid-19 throughout the globe. Due to the worldwide shutdown, meanwhile, the need for this commodity has decreased in those other industries such as infrastructure, farming, and others.


Market Dynamic:
Drivers:
Global digital map market growth has been aided by an exponential growth in the number of devices on the market, as well as an extremely high percentage of the internet throughout the world. As consumers become more reliant on digital mapping apps such as Google Maps to locate locations including eateries, ATMs, clinics, as well as other establishments, the worldwide digital map market is expected to expand substantially.


Opportunities:
Market growth has also been facilitated by the increased use of geospatial information in a wide range of applications including emergency preparedness, city design, corporate strategy, transportation, or other related fields, among others. The need for digital maps is anticipated to increase as a result of technological advances in digital map technologies, both in terms of structure and mapping software. Additionally, the increasing use of digital maps all over a wide range of business verticals is anticipated to create opportunities for the major key players in the global digital map market.


Restraints:
Large investment in information gathering, on the other hand, is expected to constrain the digital map market's expansion.


Challenges:
With the widespread use of mobile implementation navigation systems that are connected with digital maps, there seems to be an urgent need to implement best practices for data protection, application safety, and privacy protection to protect sensitive data and personal information. When creating these types of apps, programmers often fail to adhere to specific standards, which results in the applications failing to achieve the necessary levels of protection. In certain situations, hackers may be able to effectively conduct phishing scams, causing significant harm. As a result, these problems are presently impeding the development of the digital map industry, and this is expected to continue throughout the period 2020-2025.


Cumulative Growth Analysis:
The usage of smartphones has grown dramatically during the past several years, particularly in developing countries. As per a worldwide overview study from We Are Social and Hootsuite and over 50% of the worldwide people now utilize a cellphone, up from less than a quarter in 2010. The majority of cellphones are equipped with a radio chipset, which enables users to access location tracking apps and positioning info directly on the cellphones by receiving messages from global navigation satellites and identifying actual locations via GPS technology. 


Value Chain Analysis:
According to the reports, In order to better understand the worldwide digital map market, we've divided it into three categories: type, functionality, application, technology, vertical, and geography. The applications addressed by this research include both indoor and outdoor settings. The market is segmented into three types of indoor applications: airports, shopping malls, and department stores. Outdoor applications are segmented into four categories: automobile navigation, public sector agencies, mobile & the internet, and businesses. The market has been segmented into three categories based on functionality: computerized, GPS navigation, and scientific. According to the findings of the regional research, the digital map market is examined in North America, Europe, Asia-Pacific, and Latin America, and the Middle East.


Digital Map Market Segmentation Overview:                
The market is segmented on the basis of type, functionality, application, technology, vertical, and geography. The global digital map market trend is expected to witness decent growth during the forecast period.


By Application:
Based on the application, the market is segmented into indoor and outdoor settings. The market is segmented into three types of indoor applications: airports, shopping malls, and department stores. Outdoor applications are segmented into four categories: automobile navigation, public sector agencies, mobile & the internet, and businesses.


By end-users:
Based on the propulsion types, the market is segmented into computerized, GPS navigation, and scientific.


Digital Map Market Regional Analysis:
According to the reports, on the basis of region, the global digital map market is divided into North America, Europe, Asia Pacific, and the rest of the world. North America led the Digital Map business in the year 2018, accounting for 27 percent of total market revenue, trailed by the Asia Pacific and Europe. The existence of significant competitors in the market, as well as the simplicity with which digital mapping solutions for the automobile, transport & distribution, and construction sectors are made available, are helping to further grow the market in North America. Furthermore, with far more than 11 million cars driving on American roads in the year 2018, accounting for 11.5% of all cars on the road in the globe, according to the OICA, there is a huge requirement for Digital Map in the automobile applications from this area in the next years.


As a result of the broad variety of digital maps used in automobile navigation systems, APAC is expected to expand at the fastest pace throughout the projected period. The existence of major car manufacturers in this area, as well as the use of digital maps, are considered to be the most important factors influencing the market. Other than automobiles, digital maps are being used to acquire geographic information systems in industries such as smart agriculture, asset tracking, architecture, and aerial surveillance, which are all contributing to the growth of the global digital map market profit.


Competitive Landscape:
A wide range of activities, including data collecting, data analysis, creating and producing digital maps, are carried out by the main businesses, which serve diverse end-users throughout the supply chain. Among the most important tactics used by vendors are collaborations with other companies, development of new products, expenditures in increasing capabilities, acquisitions and mergers, collaborations and partnerships, plus Investment in r&d, to name a few examples. Because of technological advances, businesses have developed digital services and mobile apps for maps, which offer users comprehensive information and genuine upgrades in a convenient manner.


Digital Map Market Top Leaders:


  • Digital Map Products (US)

  • TomTom (Netherlands)

  • OpenStreetMap (UK)

  • AutoNavi (China)

  • Digital Mapping Solutions (Australia)

  • MapMan (UK)

  • ARC Aerial Imaging Limited (UK)

  • MapmyIndia (India)

  • Microsoft (US)

  • Living Map (UK)

  • NavInfo (China)

  • Mapbox (US)

  • INRIX (US)

  • MiTAC International Corporation(Taiwan)


Report Overview:
The following report comprises of –


  • Market overview

  • Covid 19 Analysis

  • Market Dynamic

  • Drivers

  • Opportunities

  • Restraints

  • Challenges

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segmentation Overview

  • By Application

  • By End-Users

  • Regional Analysis

  • Competitive landscape


Recent Developments:
The Survey of India, with assistance from the Department of Science and Technology (DST), began work on electronically mapping the length and width of the nation on September 15th, 2019. The project is expected to take 2 years and would cover the whole country. A maximum of three digital centers has been established by the academic department to produce digital topographic databases and to create a virtual map of India spanning types of terrain to assist in the development of geo-information technologies.


Digital Map Market Segmental Analysis:


By Type:



  • Services

  • Solutions


By Functionality:



  • Scientific

  • GPS navigation

  • Computerized


By Application:



  • Indoor

  • Outdoor


By Technology:



  • GIS

  • Digital Orthophotography

  • Aerial Photography

  • Others


By Vertical:



  • Automotive

  • Defense & Aerospace

  • Smartphones

  • Others


By Regions:



  • North America

  • Europe

  • Asia Pacific

  • Rest of the World



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, By Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Digital Map Products (US), TomTom (Netherlands), OpenStreetMap (UK), AutoNavi (China), and Digital Mapping Solutions (Australia), MapMan (UK), ARC Aerial Imaging Limited (UK), MapmyIndia (India), Microsoft (US), Living Map (UK), NavInfo (China), Mapbox (US), INRIX (US), MiTAC International Corporation(Taiwan), MapQuest (US), MapSherpa (Canada), Google (US), DigitalGlobe (US), Apple (US), Automotive Navigation Data (Netherlands), Esri (US), Nearmap (Australia), HERE (Netherlands), and ARC Aerial Imaging Limited (UK).
  Key Market Opportunities   The report also elaborates on the significant factors (drivers, restraints, opportunities, trends) governing the growth of the market.
  Key Market Drivers   Tracking of natural calamities, monitoring of other environmental emergencies and the calculation of the distance between places are among the desirable features of digital mapping which contribute to the growth of the digital map market.


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Frequently Asked Questions (FAQ) :

The market can gain significant traction at a strong rate in the coming years.

The market is set to garner enormous revenues during the forecast timeline, on account of technological innovations and rising application of digital maps across numerous industries.

MapmyIndia (India), ARC Aerial Imaging Limited (UK), OpenStreetMap (UK), AutoNavi (China), NavInfo (China), Digital Map Products (US), ARC Aerial Imaging Limited (UK), Microsoft (US), Living Map (UK), Esri (US), TomTom (Netherlands),Nearmap (Australia), Digital Mapping Solutions (Australia), MapQuest (US), MiTAC International Corporation(Taiwan), MapMan (UK), Mapbox (US), INRIX (US), Apple (US), Automotive Navigation Data (Netherlands), MapSherpa (Canada), Google (US), HERE (Netherlands), DigitalGlobe (US), are the top players in the market.

High investments in data collection can slow down the growth rate of the market.

Outdoor and indoor are the top applications of digital maps.

Scientific, GPS navigation and computerized are the functionality-wise segments in the market.