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The HD map for autonomous vehicles market size is forecast to increase by USD 5.38 billion, at a CAGR of 31.48% between 2022 and 2027. The market's expansion hinges on various factors, notably the increasing embrace of autonomous vehicles, the growing integration of cloud-based HD maps, and the unparalleled accuracy and precision provided by HD maps. These advancements are driving the market forward as they cater to the demands of a rapidly evolving automotive landscape. The surge in autonomous vehicle adoption signifies a fundamental shift in transportation paradigms, with HD maps playing a pivotal role in ensuring navigation reliability and safety. Additionally, the migration towards cloud-based HD maps enhances accessibility and scalability, catering to a broader range of applications across industries. The combined benefits of autonomous vehicles and advanced mapping technologies underscore a transformative period in the automotive and navigation sectors, shaping the future of mobility.
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This report extensively covers market segmentation by solution (cloud-based and embedded), vehicle type (passenger and commercial), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
The market is propelled by key drivers, such as the increasing demand for precise navigation solutions in autonomous driving, advancements in LiDAR and digital camera technologies, and the rising adoption of 5G networks for real-time data transmission. Trends include the integration of SLAM technology for accurate mapping and the development of sensor fusion techniques. However, challenges like addressing legal and privacy issues, ensuring data accuracy and reliability, and managing complex mapping data remain significant hurdles for market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage. SENSORIS and TISA are industry associations focused on advancing standards and technologies in the automotive sector. The NDS Association collaborates with companies like Avis Budget Group to drive innovation and improve mobility solutions.
The rising adoption of cloud-based HD maps is notably driving market growth. Cloud-based platforms are being increasingly adopted in the automotive ecosystem as they reduce the overall capital expenditure and time to market the product or service launches. The digital services provided by automotive OEMs in modern vehicles, such as telematics services, are based on cloud platforms. Cloud platforms allow automotive OEMs to rapidly develop and manage new services for connected vehicles. Cloud platforms have also become a crucial enabler of HD map for automatic vehicles.
Moreover, the integration of cloud mapping technology in automotive mapping systems is also enhancing the ability of automotive OEMs to quickly deploy automatic vehicles. This enhances vehicles' performance and scalability. Hence, the rising adoption of cloud platforms in the automotive industry would drive the growth of the global market during the forecast period.
Growth in connected infrastructure is the primary trend in the market. The global transportation infrastructure is rapidly developing (loT) as a result of the fast adoption of the Internet of Things. Cisco Systems Inc. (Cisco) and International Business Machines Corp. (IBM) have developed digital systems to automate street and traffic signals, optimize trash pickup, and augment surveillance. Car parks, toll booths, and intelligent street and traffic signals are also part of the linked infrastructure.
Moreover, HD maps give extra layers of data for automatic cars to detect redundancy in situations when lane lines are unclear and outside factors influence road signs. As a result, automatic cars may communicate with smart streetlights to enable traffic to flow freely. The expansion in connected infrastructure is expected to boost demand for HD maps in automatic vehicles, creating a lucrative opportunity during the forecast period.
High cost associated with technology is the major challenge impeding market growth. Building an HD map requires obtaining and aggregating data to create a map, and integrating advanced technology platforms such as Al, machine learning, and others. These features enable real-time road data and continuing repair. The overall expense of manual verification and the need for new maps contributes to greater manufacturing costs. The high cost of manufacturing automobiles has a substantial influence on project expenses.
Moreover, due to the enormous complexity of roads and environmental circumstances, it is difficult to develop error-free maps. These maps rely on information gathered from the components employed, such as cameras, sensors, GPS devices, high-speed communication networks, Lidar, and many others. The usage of such higher-priced components ensures a high system cost, which is expected to hinder the growth of the global market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Momenta Group - The company offers HD maps for autonomous vehicles such as the L3 freeway ramp-to-ramp solutions and L4 full autonomy driving solutions. They offer software solutions for autonomous vehicles.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative market research and growth analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. In market growth analysis, data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is rapidly advancing, with key players such as TomTom, Nvidia, and MapBox leading the charge in innovative mapping solutions. These technologies are vital for ensuring the accuracy and reliability of autonomous vehicles' navigation systems. LiDAR and digital cameras are pivotal components integrated into HD maps, enabling vehicles to perceive their surroundings accurately. SLAM technology (Simultaneous Localization and Mapping) and sensor fusion techniques further enhance mapping precision, contributing to safer autonomous driving experiences. Companies like Cruise, Waymo, Uber, Baidu, and DiDi are at the forefront of autonomous vehicle development, leveraging HD maps for efficient route planning and obstacle detection. The 5G network plays a crucial role in facilitating real-time data exchange, essential for dynamic map updates and vehicle communication.
The market share growth of the cloud-based segment will be significant during the forecast period. Cloud-based HD maps are essential for the development of autonomous vehicles. The HD nature of these maps allows for greater accuracy and precision when it comes to navigation, while the cloud-based aspect makes them more accessible and easier to update. Such factors will support segment growth during the forecast period.
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The cloud-based segment was valued at USD 652.59 million in 2017 and continued to grow until 2021. Autonomous vehicles can more easily and effectively navigate their way around, even in unfamiliar or difficult terrain with cloud-based HD maps. Some of the key players in the industry prefer cloud-based solutions as these solutions are expected to lead in the future. Hence, the above-mentioned factors are expected to fuel the growth of the cloud-based segment in the global high-definition map for autonomous vehicles market during the forecast period.
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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
North America is one of the early adopters of innovative automotive technologies. Therefore, this region witnesses more autonomous vehicle testing compared to other regions across the world. For instance, in 2019, more than 1,400 autonomous vehicles developed by more than 80 companies were tested across 36 US states. Similarly, in 2022, Argo AI announced testing out driverless autonomous vehicles backed by Ford Motor Co. (Ford) and Volkswagen Group (Volkswagen) in Miami and Austin. The favorable environment created by regulators to promote the development of autonomous vehicles has been a crucial factor in the growing deployment of autonomous vehicles for testing in North America. Such factors are expected to increase the demand for HD maps for autonomous vehicles in North America during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2023 for the following segments.
The market is rapidly evolving with the advent of groundbreaking technologies and partnerships. Key players such as Cruise, Waymo, Uber, and DiDi are driving innovation in autonomous driving solutions. Technologies like SLAM (Simultaneous Localization and Mapping), LiDARs, and digital cameras are crucial for accurate mapping and navigation. Companies like HERE Maps, HERE Technologies, and Mobileye are at the forefront of providing HD mapping solutions. Furthermore, as ride-sharing and robo-taxi services expand, HD maps play a critical role in urban planning and smart cities development. Advertising services leveraging HD maps for targeted marketing and in-house cloud storage solutions by corporations and organizations ensure efficient data storage and access. The market landscape depends on the Level of automation In-house HD mapping, Automobile OEMs, Autonomous car technology, Passenger vehicles, Commercial vehicles, and Automobile OEMs. The HD map market for autonomous vehicles continues to grow, driven by technological advancements, strategic partnerships, and a dynamic regulatory landscape.
Moreover, the rise of 5G networks is enabling faster data transfer, essential for real-time updates and communication in autonomous vehicles. Legal and privacy issues, including regulatory environment challenges, are being addressed to ensure safe and compliant operations. HD maps are integral to ADASIS (Advanced Driver Assistance Systems Interface Specifications) and NDS (Navigation Data Standard) for seamless integration with autonomous vehicle technology. Autonomous driving initiatives from Fiat-Chrysler, Audi, Daimler, GM, and VW are pushing the boundaries of automation levels from semi-autonomous vehicles to fully autonomous vehicles. The convergence of sensor fusion technologies like Vision-Map Fusion (VMF) is enhancing map accuracy and reliability.
Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 31.48% |
Market growth 2023-2027 |
USD 5.38 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
29.18 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 41% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alphabet Inc., Baidu Inc., BMW AG, CE Info Systems Ltd., Civil Maps, Dynamic Map Platform Co. Ltd., Esri, GeoMate, Intel Corp., Jakarto Cartographie 3D Inc., Magnasoft Spatial Services Inc., Mapbox Inc., Momenta Group, NavInfo Co. Ltd., Navmii Publishing Ltd., NVIDIA Corp., Telenav Inc., The Sanborn Map Co. Inc., TomTom NV, Toyota Motor Corp., and Wipro Ltd. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Solution
7 Market Segmentation by Vehicle Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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