The global HD maps for autonomous vehicles market is growing at a considerable CAGR of 30.2% during the forecast period. The Growing adoption of level 2 and level 3 ADAS attributes, increasing investment by companies in the development of HD maps is considered as the prime factors affecting and driving the market. Additionally, the increasing R&D activities associated with HD maps along with growing map data collection are also estimated to be the key factors that are contributing significantly towards the growth of the market. However, the high cost of investment and limited standardization in HD maps is the major factor constraints that are hindering the growth of the global HD maps for the autonomous vehicle market across the globe.
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Moreover, the increasing benefits of autonomous renting car services are one of the key factors that are creating opportunities in the market. New product launches and collaboration in the market are likely to drive the growth of the global HD maps for the autonomous vehicles. For instance, in May 2021, one of the leading location data and technology platform companies named HERE Technologies had done the collaboration with INCREMENT P Corp. in order to expand its location technology and accelerate digital transformation for its customers.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global HD Maps for Autonomous Vehicles Market
By Service Type
- Mapping
- Localization
- Updates and Maintenance
- Advertisement
By Level of Automation
- Semi-Autonomous Driving Vehicles
- Autonomous Driving Vehicles
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
Global HD Maps for Autonomous Vehicles Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global HD maps for autonomous vehicles based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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