DUBLIN–(BUSINESS WIRE)–The “Global HD Map for Autonomous Vehicles Market (2021-2026) By Solution, Level of Automation, Usage, Vehicle Type, Services, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global HD Map for Autonomous Vehicles Market is estimated to be USD 1.65 Bn in 2021 and is expected to reach USD 3.34 Bn by 2026, growing at a CAGR of 15.6 %.
Market Dynamics
Key factors, such as the importance of accurate navigation in autonomous driving systems to enhance user confidence and ensure safe driving have led to the growth of HD Mapping in the Autonomous vehicles market.
Moreover, the use of HD maps can be beneficial for improving the reaction speed towards an unwanted object to enhance safety in case of problems with sensors. Additionally, the advancements taking place in localization-based services are further augmenting the growth of the market.
However, the costs incurred in creating these maps are comparatively high. Moreover, these maps rely on compiling information from LiDAR scans, mobile cameras, sensors, and GPS devices to further process and deliver the required output. The high data processing required along with the data streaming issues is likely to hinder the growth of the market.
Market Segmentation
By Solution, the market is classified as cloud-based and embedded. Amongst the two, the cloud-based segment is estimated to hold the highest market share. By Level of Automation, the market is classified as Semi-Autonomous (Level 2&3) and Autonomous (Level 4&5). Amongst the two, the semi-Autonomous (Level 2&3) segment is estimated to hold the highest market share during the forecast period. By Usage, the market is classified as Passenger mobility and Commercial mobility. Amongst the two, the passenger mobility segment holds the highest market share. By Vehicle Type, the market is classified as Passenger vehicles and Commercial vehicles. Amongst the two, the passenger vehicles segment is estimated to hold the highest market share. By Services, the market is classified as Advertisement, Localization, Mapping and Update & Maintenance. Amongst all, the localization segment is estimated to hold the highest market share. By Geography, North America is projected to lead the market. Recent Developments
CARMERA and Toyota Research Institute-Advanced Development (TRI-AD) have partnered for automated driving mapping in Japan and the US. This partnership aims at developing a camera-based automation for maps and an open software platform concept known as Automated Mapping Platform (AMP) – 28th Feb 2020 Civil Maps has launched the availability of Fingerprint Base Map for precise autonomous vehicle localization and navigation. – 11th January 2018 Company Profiles
Some of the companies covered in this report are
NVIDIA Civil Maps Deepmap, Inc Here Technologies Waymo Esri Navinfo The Sanborn Map Company Key Topics Covered:
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.3 Market Size Estimation
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
4 Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Significance of accurate navigation in self driving vehicles
4.2.1.2 Need for improving the reaction speed of AD systems
4.2.1.3 Technological advancement in location-based services
4.2.2 Restraints
4.2.2.1 High cost incurred in creating the HD Maps
4.2.2.2 High volumes of data processing required
4.2.2.3 Real time data streaming issues
4.2.3 Opportunities
4.2.3.1 Use of HD Maps to ADAS applications
4.2.3.2 Rapid advancements in 5G Technology
4.2.3.3 Growing Investment by Start-up firms for developing HD Maps
4.2.4 Challenges
4.2.4.1 Regulatory issues related to respective geospatial data
4.2.4.2 Lack of a standardization
4.2.4.3 Regular updation of maps
4.3 Trends
5 Market Analysis
5.1 Porter’s Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global HD Map for Autonomous Vehicles Market, By Solution
6.1 Introduction
6.2 Cloud-based
6.3 Embedded
7 Global HD Map for Autonomous Vehicles Market, By Level of Automation
7.1 Introduction
7.2 Semi-Autonomous (Level 2&3)
7.3 Autonomous (Level 4&5)
8 Global HD Map for Autonomous Vehicles Market, By Usage
8.1 Introduction
8.2 Passenger mobility
8.3 Commercial mobility
9 Global HD Map for Autonomous Vehicles Market, By Vehicle Type
9.1 Introduction
9.2 Passenger vehicles
9.3 Commercial vehicles
10 Global HD Map for Autonomous Vehicles Market, By Services
10.1 Introduction
10.2 Advertisement
10.3 Localization
10.4 Mapping
10.5 Update & Maintenance
11 Global HD Map for Autonomous Vehicles Market, By Geography
11.1 Introduction
12 Competitive Landscape
12.1 Competitive Quadrant
12.2 Market Share Analysis
12.3 Competitive Scenario
13 Company Profiles
Navinfo Co.,Ltd Tomtom (Bridgestone) Here Technologies Electrobit Automotive (Continental Corporation) Intellias (Horizon Capital) Waymo NVIDIA Esri Carmera Civil Maps Deepmap Drive.ai (Apple) Mapbox Mapper.ai (Velodyne Lidar Inc) Mobileye (Intel) Oxbotica Sanborn Map Company Voxelmaps Lvl5 (Doordash) Zenrin For more information about this report visit https://www.researchandmarkets.com/r/7e3p8j