The automotive HD maps market has the potential to grow by USD 954.88 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 16.86%. This automotive HD maps market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The market report also offers information on several market vendors, including Alphabet Inc., CARMERA, Civil Maps, DeepMap Inc., HERE Global BV, Intel Corp., Maxar Technologies Inc., NavInfo Co. Ltd., The Sanborn Map Co. Inc., and TomTom International BV among others. Furthermore, this report extensively covers market segmentation by application (passenger cars and commercial vehicles) and geography (North America, Europe, APAC, MEA, and South America).
What will the Automotive HD Maps Market Size be in 2021?
Browse TOC and LoE with selected illustrations and example pages of Automotive HD Maps Market
Automotive HD Maps Market: Key Drivers and Trends
Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The rising adoption of cloud-based HD maps is notably driving the market growth, although factors such as high cost associated with semi-autonomous and fully autonomous technologies may impede the market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the market.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth.
Who are the Major Automotive HD Maps Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Alphabet Inc.
- CARMERA
- Civil Maps
- DeepMap Inc.
- HERE Global BV
- Intel Corp.
- Maxar Technologies Inc.
- NavInfo Co. Ltd.
- The Sanborn Map Co. Inc.
- TomTom International BV
The automotive HD maps market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Which are the Key Regions for Automotive HD Maps Market?
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41% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for automotive HD maps in North America.
The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The accuracy and precision offered by HD maps will facilitate market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors.
What are the Revenue-generating Application Segments in the Automotive HD Maps Market?
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The market share growth by the passenger cars segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behaviour, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.
What are the Key Factors Covered in this Automotive HD Maps Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the market across North America, Europe, APAC, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of market vendors
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Automotive HD Maps Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 17% |
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Market growth 2021-2025 |
$ 954.88 million |
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Market structure |
Fragmented |
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YoY growth (%) |
15.95 |
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Regional analysis |
North America, Europe, APAC, MEA, and South America |
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Performing market contribution |
North America at 41% |
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Key consumer countries |
US, Germany, China, UK, and Canada |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Alphabet Inc., CARMERA, Civil Maps, DeepMap Inc., HERE Global BV, Intel Corp., Maxar Technologies Inc., NavInfo Co. Ltd., The Sanborn Map Co. Inc., and TomTom International BV |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |