The global HD maps for autonomous vehicles market is anticipated to grow at a considerable CAGR of 30.2% during the forecast period . The market growth is mainly driven by a factor that is growing interest in autonomous vehicles across the globe. Autonomous vehicles support conveniently maintaining shorter minimum distances between two vehicles when compared with a vehicle that is driven by a human. This results in a greater traffic flow, reduction in emission of gases, along with decreased congestion. According to the prediction of the United States Department of Transportation (USDOT), which highlight the facts that the increase of driverless cars will drastically see falling in the number of traffic deaths. As its report in 2017, indicates around 37,133 deaths due to vehicle crashes in which 94% were caused owing to human error. So, with the adoption of autonomous vehicles nearly 30,000 lives every year can be saved. Additionally, HD maps that are utilized in autonomous vehicles will ensure accurate and effective navigation along with a safe commute, which in turn will strengthen the demand for HD maps.
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.
The key players present in the global HD maps for autonomous vehicles market had been adopting various strategies that include mergers and acquisitions to gain major market share. For instance, in June 2021, one of the companies named Nvidia had done the acquisition of DeepMap that is considered a provider of high-definition mapping solutions for autonomous vehicles in order to strengthen its mapping and localization capabilities.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Service Type
- By Level Of Automation
- By Vehicle Type
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- TomTom International BV., HERE Technologies, Waymo, NVIDIA, and Dynamic Map Platform
HD Maps for Autonomous Vehicles Market Segmentation
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
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Amazon
- Apple Inc.
- Blickfeld GmbH
- Civil Maps
- Dynamic Map Platform
- HERE Technologies
- MapMyIndia
- NavInfo Co., Ltd.
- NVIDIA
- SpearEye Automotive Safety inc
- The Sanborn Map Co. Inc.
- TomTom International BV.
- Voxel Maps
- Waymo
- Zenrin
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