The Global HD Map for Autonomous Vehicles Market is expected to grow at a CAGR of 36% over the forecast period 2021-2027 from $0.95 billion in 2019 to $11.3 billion in 2027.
HD maps ensure the safety and security of autonomous driving. HD maps are very up-to-date, accurate and provide realistic pictures of roads. It provides the precise location of autonomous vehicles on the way. It is also used to identify and locate posts, lights, and signs for 360-degree recognition. HD maps are useful in complex environments such as driving on the road, using exits, and changing lanes. It provides information about altitude, curvature, lane slope, road shape, and road traffic. It also helps autonomous vehicles fly safe routes along all routes. HD maps prioritize inputs around them to avoid unexpected events. HD maps for the autonomous car market are driven by increased awareness of technological advances, increased dependence on the Internet, and the demand for accurate navigation.
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Key Market Players
The Prominent Players active in the Global Market of HD Maps 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).
HD Map for Autonomous Vehicles Market Segmentation
By Level Of Automation
- Semi-Autonomous (Level 2&3)
- Autonomous (Level 4&5)
- Passenger Mobility
- Commercial Mobility
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Update & Maintenance
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Key Questions Answered by HD Map for Autonomous Vehicles Market Report
- What was the HD Map for Autonomous Vehicles Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of HD Map for Autonomous Vehicles Market during the forecast period (2021-2027)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
- Which manufacturer/vendor/players in the HD Map for Autonomous Vehicles Market was the market leader in 2018?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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