HD Maps Market Research Report - Global Forecast till 2030

Global HD Maps Market Research Report Information By Component (Hardware {Camera, Global Positioning System, LIDAR, and Inertial Measurement Unit, others}, Software, Services {Mapping and Localization, Updates & Maintenance, Advertisement}), by deployment (On-Cloud and On-Premise), By End-User (Automotive, Defense & Aerospace, Internet Service Providers and others), by Region (North America, Europe, Asia-Pacific and Rest of the World {Middle East and Africa and South America}) - Forecast till 2027

ID: MRFR/ICT/7265-HCR | 110 Pages | Author: Aarti Dhapte | October 2023         

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HD Maps Market

HD Maps Market is projected to be worth USD 7,465.56 million by 2030, registering a CAGR of 32.20% during the forecast period (2022 - 2030).

Segmentation
By Service Type Mapping Localization Updates and Maintenance Advertisement
By Usage Type Personal Mobility Commercial Mobility
By Deployment On-Cloud On-Premise
Key Players
Companies Profiled   Here Technologies Inc. (The Netherlands)    TomTom NV (The Netherlands)    Google (US)    Alibaba (China)    NavInfo (China)    The Sanborn Map Company (US)    Mapmyindia (India)    Deepmap Inc. (US)    Momenta (US)    Navmii (UK)    Mapbox (US)    Civil Maps (US)    RMSI (India)
Drivers
Market Driving Forces   Help drivers and autonomous vehicles visualize routes    Help in critical decision-making offering increased road safety
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HD Maps Market Overview:According to the reports, during the projected period, the global HD maps market size is expected to grow at a significant rate. High definition maps, often known as HD maps, offer very high accuracy down to the centimeter level and thus are designed especially for self-driving vehicles and other applications. HD maps, among many other things, have been used in GPS systems, cellphones, and driverless cars to get accurate information and guidance about how to move about in three-dimensional space, among some other things. An HD map is generally comprised of five levels, which are as follows: an actual layer, a map previous layer, a semantics map layer, a geometrical map layer, as well as a topographic maps layer. The real-time layer is the first of these layers.


Major drivers supporting the expansion of the HD maps market include expansion typically by start-ups into the creation of HD maps due to the increasing trend toward driverless cars, as well as rising consumer demand for HD maps. As a result, high-definition maps assist drivers and driverless cars in visualizing paths and making important decisions, which results in improved traffic safety, which has driven the use of high-definition maps for driverless cars. Nevertheless, the security and ethical concerns associated with high-definition maps, as well as the expensive cost of implementation, are the most significant obstacles encountered by market suppliers, as well as a lack of uniformity in HD maps is limiting the industry's expansion. The industry is on the lookout for possibilities presented by advances in 5G networks.


This report contains all the information on the global HD maps 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 HD maps market forecast for 2030 is also included in the report.


HD Maps Market Covid 19 Analysis:The COVID-19 epidemic has halted manufacturing, slashed sales, and forced major companies in the global automobile industry to alter or abandon their plans. Rescheduled product and program launches, retail presence stabilization, cash management, and inventory evaluation have all had an influence on the yield and revenues of commercial and passenger vehicles worldwide. The research, development, and implementation of driverless driving, as well as the expansion of the HD maps market sales, are also anticipated to slow. Owing to the spread of COVID-19, the majority of nations enforced full shutdowns for even more than 2 months, affecting vehicle manufacturing. Globally, manufacturing facilities were closed, and car sales were severely impacted.


Market Dynamic:Drivers:The growing popularity of self-driving vehicles, autonomous vehicle patterns, and self-driving car rental services across the world are expected to propel the development of the HD map industry over the projected period, according to researchers. Furthermore, as a result of multiple advantages of high-definition maps, including the sign of road surfaces, traffic patterns, weather reports, and other features, their market is growing favorably and is expected to witness the highest growth during the forecast time frame, among other things.                                                                          Opportunities:The global HD maps market is looking for opportunities to capitalize on advances in 5G networks.


Restraints:Security and ethical concerns about high-definition maps, as well as the high cost of implementation, are the primary difficulties confronting industry suppliers, and a lack of standardization in high-definition maps is impeding market development.


Challenges:The availability of self-drive or leased driving vehicle options in many remote rural areas of emerging nations such as India, Brazil, and China is limited. Furthermore, owing to a lack of adequate internet access in rural regions, HD maps are unable to identify the location, road quality, and traffic status. Efforts are being made by governments and corporations to offer free internet access in certain regions. This is the major challenge for the market players of the HD map market. As a result, it is anticipated that the HD map market would see consistent development in rural regions during the projected period.


Cumulative Growth Analysis:When it comes to the fundamental chain of mobility services, higher-resolution HD maps are important. Additionally, growing public awareness of sophisticated technology, as well as a growing reliance on the web, are propelling this industry. High definition relates to precision in advanced tech, which leads to precise findings in the field of medicine. A high-definition map is utilized for precise navigation, and it assists the driver in reaching the desired destination. High-definition mapping is at the heart of the next generation of autonomous vehicles. The sensors that detect the presence of a vehicle include LIDAR, Radar, and visual cameras. The need for high-definition map applications is increasing substantially as a result of the increasing popularity of hire cars such as Ola and Uber. 


Value Chain Analysis:                                     According to the reports, In order to better understand the Global HD Maps Market, it has been divided into three categories: component, vertical, and region. The market has been divided into three categories based on the component: hardware, service, and software. There are many types of hardware in this category, including a camera, LIDAR, global positioning system, an inertial measurement unit, as well as other devices. Additionally, the service sector has been divided into three subcategories: mapping and localization, maintenance. updates, and advertising.


The market has been segmented into two categories based on deployment: on-cloud and on-premise. In terms of End-User, the market has been segmented into the automotive, military & aerospace, internet service providers, and other segments.


HD Maps Market Segmentation Overview:The market is segmented on the basis of component, vertical, and region. The global HD Maps Market trend is expected to witness decent growth during the forecast period.


By Application:Based on the application, the market is segmented into hardware, service, and software. There are many types of hardware in this category, including a camera, LIDAR, global positioning system, an inertial measurement unit, as well as other devices. Additionally, the service sector has been divided into three subcategories: mapping and localization, maintenance. updates, and advertising.


By end-users:Based on the propulsion types, the market is segmented into automotive, military & aerospace, internet service providers, and other segments.


HD Maps Market Regional Analysis:According to the reports, the market is bifurcated based on region into four categories: North America, Europe, Asia-Pacific, and the rest of the world North America presently leads the worldwide HD maps business and accounts for a substantial portion of total market revenue. Owing to the inclusion of significant important companies in the market that have invested substantially in development and research initiatives to create HD maps that are able to provide adequate centimeter-level accuracy, the industry has seen a surge in growth. The area is also a pioneer in technology acceptance, boasts a highly trained workforce, and has seen an increase in the use of new technologies such as artificial intelligence and 5G. A significant portion of the industry is anticipated to be dominated by Europe as well. The development of 5G technology, as well as an increased emphasis on partnerships and alliances between vehicle manufacturers with HD map producers, are the drivers that are propelling the HD map market share development in the area.


Competitive Landscape:Several of the participants have huge supply agreements with major manufacturers and driverless car technology companies. To gain momentum in the high-definition map for the driverless vehicles market, these firms have used tactics such as product innovation, mergers, partnerships, affiliations, acquisitions, joint projects, collaborations, and contractual arrangements. Among large companies, partnership and cooperation are the most frequently used methods for achieving their objectives.


HD Maps Market Players:

  • Here Technologies Inc. (The Netherlands)

  • TomTom NV (The Netherlands)

  • Google (US)

  • Alibaba (China)

  • NavInfo (China)

  • The Sanborn Map Company (US)

  • Mapmyindia (India)

  • Deepmap, Inc. (US)

  • Momenta (US)

  • Navmii (UK)

  • Mapbox (US)

  • Civil Maps (US)

  • RMSI (India)

  • Genesys International Corporation Ltd (India)

  • Cyient Inc. (India)


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:May 2019, AutoNavi, an Alibaba-backed online mapping cable operator, started charging its car partners for the use of its elevated  or HD map, which really is essential for self-driving options. When it comes to licensing HD maps, the business charges RMB 100 (USD 15) per vehicle each year, which captures the surrounding area with centimeter-level precision as opposed to conventional online map apps, which record the nearby region with meter-level precision.


HD Maps Market Segments:By Service Type:



  • Mapping,

  • Localization

  • Updates and Maintenance

  • Advertisement


Level of Automation:


Semi-Autonomous Driving Vehicles:

  • Level 2

  • Level 3


Autonomous Driving Vehicles:

  • Level 4

  • Level 5


By Usage Type:



  • Personal Mobility

  • Commercial Mobility


By Service Type:



  • Passenger Car

  • Commercial Vehicles


By Region:


Asia Oceania:

  • China

  • Japan

  • India

  • South Korea


North America:

  • US

  • Canada

  • Mexico


Europe:

  • Germany

  • Spain

  • Italy

  • France

  • UK


RoW:

  • Brazil

  • South Africa

  • Israel



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 7,465.56 Million
  CAGR   32.20% CAGR
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Component, by deployment
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Here Technologies Inc. (The Netherlands), TomTom NV (The Netherlands), Google (US), Alibaba (China), NavInfo (China), The Sanborn Map Company (US), Mapmyindia (India), Deepmap, Inc. (US), Momenta (US), Navmii (UK), Mapbox (US), Civil Maps (US), RMSI (India), Genesys International Corporation Ltd (India) and Cyient Inc. (India).
  Key Market Opportunities   Legal and privacy issues related to HD maps and high cost of technology are the major challenges faced by the market vendors and lack of standardization in HD maps is hampering the market growth. The market seeks opportunities from advancements in 5G technology.
  Key Market Drivers   The HD maps help drivers and autonomous vehicles to visualize routes and help in critical decision-making offering increased road safety which has fueled the adoption of HD maps for autonomous cars.


Frequently Asked Questions (FAQ) :

The global high definition maps market is predicted to hold a substantial value during the forecast period.

The global high definition maps is estimated to flourish at a decent CAGR during the forecast period.

According to the study, North America is projected to dominate the market. On the other hand, the APAC region is estimated to be the fastest-growing market.

The global high definition maps market can be segmented on the basis of component, deployment, end‚ÄĒuser, and region.

The most renowned names of the global high definition maps market are Here Technologies Inc. (The Netherlands), TomTom NV (The Netherlands), Google (US), Alibaba (China), NavInfo (China), The Sanborn Map Company (US), Mapmyindia (India), Deepmap, Inc. (US), Momenta (US), Navmii (UK), Mapbox (US), Civil Maps (US), RMSI (India), Genesys International Corporation Ltd (India) and Cyient Inc. (India).

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players‚Äô financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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