Global Hd Maps Market

By Author: Rupali Dagade
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Global HD Maps Market

HD or High Definition Maps are maps, which are specifically designed for self – driving purposes. These maps are specifically designed with high precision, at centimeter-level; due to the basic reason that the robots or the automation cars require precise instructions on how to drive around the 3D spaces. The information on the HD maps are presented in layers, which works perfectly due to the amount of data that it contains. A typical HD map consists of 3 layers, namely the base layer – mapping layer, which holds an HD map for showing the information with centimeter accuracy; the dynamic layer – HD map, which can give the life information, this data is captured through sensors on the roads or the surrounding cars; the analytics layer – information about how the humans tackle particular stretches of a road.

Global HD Maps Market

Objective of the Report:

The objective of the report is to present a comprehensive analysis of the Global HD Maps Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are ...
... presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global HD Maps Market dynamics, structure by analyzing the market segments and project the Global HD Maps Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global HD Maps Market make the report investor’s guide.

Market Scenario:

The Global HD Maps market was valued around at $1.5 Bn in the year 2018 and is projected to reach $XX Bn by the year 2027, growing at a CAGR of almost 35% during the forecasted period. 

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Market Overview:

Drivers:

• Increased Developments in Autonomous Vehicles

In the past 20 years, the fiction story of self–driving cars has become a real possibility, thanks to the advanced technological developments in radar and microprocessor capacities. As of now, many private corporations have developed autonomous vehicles, with Tesla launching its Autopilot Sedan model in the year 2015. This launch, for the first time, reached the mass – market of consumers, which made this trend a more serious one. Therefore, there is a huge number of companies working over the development of autonomous vehicles, along with the support from the legal authorities, which have a resolution to legalize AV testing on public roads in the future years. This huge developments in autonomous sector for vehicles is one of the major factors that could help in driving the market for HD Maps during the forecast period.

• Rise in the number of start-ups for the development of HD Maps

With a huge rise in the development of the autonomous sector of vehicles, there are many startups supporting the same and hence, coming up with many innovations and new creative ideas; therefore, making the autonomous sector of vehicles, a hub of startups. This high interest of many players in autonomous vehicles is one of the factors that could be responsible for driving the market growth for the HD maps over the forecast period.

Restraint:

• High Costs

The HD Maps are specifically designed for the automated vehicles, and are very much complex as per the design is concerned. This design involves huge costing, which could act as one of the restraints for hampering the market growth for the HD maps, over the forecast period.

Market Segmentation

The report for the global HD Maps market is studied across the 4 major segments:

• By Solution

o Cloud Based
o Embedded

Based on the solution, the Cloud-Based segment holds a maximum share in the market for the HD maps and is also expected to continue its position during the forecast period. Many of the top players in the market for HD maps make use of the cloud-based services, due to the advanced benefits offered by such services, when compared with the embedded solution segment.

• By Level of Automation

o Semi – Autonomous Level 2 & 3
o Autonomous – Level 4 & 5

The Semi-Autonomous segment is expected to witness the highest growth in the market for the HD maps, during the forecast period. This substantial growth of the segment is attributed to the safety concerns of people, over autonomous driving vehicles. Moreover, the rules and policies for fully automated vehicles are quite stringent for them to be applied.

• By Vehicle Type

o Passenger Vehicles
o Commercial Vehicles

• By Geography

o North America
o South America
o Asia Pacific
o Europe
o Middle East & Africa

Asia Pacific region is expected to account for the highest market share in the global HD Maps market, during the forecast period, owing to the easy and quick adaptability rate of advanced technologies over the region.

Competitive Landscape
• The major key players operating in this market include -:

o TomTom
o HERE Technologies
o Waymo
o NVIDIA
o NavInfo
o Precivision Technologies Inc.
o Argo Ai, LLC
o Mapbox
o Blickfeld GmbH

This report submitted by Maximize market Research Company

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