HD Map for Autonomous Vehicles Market by Solution (Cloud-Based & Embedded), LOA (L2, L3, L4, & L5), Usage (Passenger & Commercial), Vehicle Type, Services (Advertisement, Mapping, Localization, Update & Maintenance) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
HD Map for Autonomous Vehicles Market Overview
The global HD Map for Autonomous Vehicles market size is projected to reach USD 17 billion by 2026 at a CAGR of 31.8% from USD 1.5 billion in 2021 during the forecast period 2021-2028.
HD mapping is a technology used for autonomously driving vehicle so as to provide them with high precision, exact map location with respect to the corresponding environment. HD maps are not meant for general navigation and are thus specially designed for the driverless vehicles.
With the recent trend of autonomous driving along with the increased investments by the start-ups are some of the factors that have supported long-term expansion for HD Map for Autonomous Vehicles Market.
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The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. With the nationwide lockdown across the globe the manufacturing units were shut down thus having a negative impact on the market.
HD Map for Autonomous Vehicles Market Regional Analysis
Asia Ocenia is expected to be the largest market during the forecast period.
HD Map for Autonomous Vehicles Market Competitive Landscape
Key Players
- TomTom
- HERE Technologies
- Waymo
- NVIDIA
- Baidu
- Dynamic Map Platform
- NavInfo
- Zenrin
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HD Map for Autonomous Vehicles Market Recent Developments
- In May 2021, HERE collaborated with INCREMENT P for the expansion of the access to high- quality location content and available data sets.
- In June 2021, Indian Geographic Information Office (GIO) awarded a supply contract to The Sanborn Map Company for updating the digital orthoimagery for the entire state of Indiana.
Reasons to Acquire in the HD Map for Autonomous Vehicles Market
- Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
- Gain authentic and granular data access for HD Map for Autonomous Vehicles market so as to understand the trends and the factors involved behind changing market situations
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Frequently Asked Questions
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