What is HD Maps Market?
HD Maps are high definition maps with extremely high precision at centimeter-level. These maps are majorly used to provide accurate navigation for self-driving purposes. The ability of HD maps to provide detailed information about road traffic and navigation suggestion to reach destinations in less time has promoted demand for HD maps globally. The use of cloud has added benefits in providing more accuracy and easy update of the map. In addition, the booming market for car rental services using the HD maps as a vital part of service offerings has increased the demand for HD maps in the automotive industry.
The market study is being classified by Type (End-to-end Mapping, Crowdsourced Mapping, In-house Mapping and Others), by Application (Automotive, Defense & Aerospace, Internet Service Providers, Digital Map Providers, Sensor Vendors and Other) and major geographies with country level break-up.
HERE Technologies(Netherlands), TomTom NV(Netherlands), Google Inc. (United States), Alibaba (China), NavInfo (China), Mapmyindia (India), The Sanborn Map Company (United States), Waymo (United States), NVIDIA (United States), Deepmap, Inc. (United States) and Navmii (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are RMSI (India), Cyient Inc. (India), Momenta (United States) and Genesys International Corporation Ltd (India).
Research Analyst at AMA predicts that United States and Asian Players will contribute to the maximum growth of Global HD Maps market throughout the predicted period.
Analyst at AMA have segmented the market study of Global HD Maps market by Type, Application and Region.
On the basis of geography, the market of HD Maps has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Awareness About Advanced Technology
- Increasing Demand for Real-Time Data
- Legal & Privacy Issues Regarding HD Maps
- Growing Trend of Autonomous Driving
- Growing Popularity Of App-Based Online Cab Aggregators
- Increasing Investment in Development of HD Maps
April 2019, Alibaba-backed online mapping service AutoNavi commercialized its high-definition (HD) map service for self-driving solutions. The company is charging automakers USD 15 per car per year for licensing the HD map
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, HD Maps Providers, Internet Service Providers, Autonomous Car Developers, Maps Solutions Developers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
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