NEW
YORK, July 25, 2024 /PRNewswire/ -- The global
HDmap for autonomous vehicles market size is estimated to grow
by USD 13.39 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 46.02% during the forecast period. Rise in adoption of
autonomous vehicles is driving market growth, with a
trend towards growth in connected infrastructure.
However, high cost associated with technology poses a
challenge. Key market players include Baidu Inc., CE Info Systems
Ltd., Civil Maps, Dynamic Map Platform Co. Ltd., Esri Global Inc.,
GeoJunxion NV, HERE Global BV, Intel Corp., Mapbox Inc., Momenta
Group, NavInfo Co. Ltd., Navmii Publishing Ltd., NVIDIA Corp., RMSI
Pvt. Ltd., The Sanborn Map Co. Inc., TomTom NV, Toyota Motor Corp.,
Voxelmaps, Wipro Ltd., and ZENRIN Co., Ltd..
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HD Map For
Autonomous Vehicles Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
46.02%
|
Market growth
2024-2028
|
USD 13390.5
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
32.78
|
Regional
analysis
|
North America, Europe,
APAC, Middle East and Africa, and South America
|
Performing market
contribution
|
North America at
38%
|
Key
countries
|
US, China, Germany, UK,
and Japan
|
Key companies
profiled
|
Baidu Inc., CE Info
Systems Ltd., Civil Maps, Dynamic Map Platform Co. Ltd., Esri
Global Inc., GeoJunxion NV, HERE Global BV, Intel Corp., Mapbox
Inc., Momenta Group, NavInfo Co. Ltd., Navmii Publishing Ltd.,
NVIDIA Corp., RMSI Pvt. Ltd., The Sanborn Map Co. Inc., TomTom NV,
Toyota Motor Corp., Voxelmaps, Wipro Ltd., and ZENRIN Co.,
Ltd.
|
Market Driver
The global transportation industry is undergoing significant
automation, driven by the widespread adoption of the Internet of
Things (IoT). Companies like Cisco Systems Inc. And International
Business Machines Corp. Are developing digital systems to automate
traffic signals, optimize trash pickup, and enhance surveillance.
This connected infrastructure includes car parks, toll booths, and
intelligent streetlights. HD maps provide additional data for
autonomous vehicles, enabling them to navigate when lane lines are
unclear or road signs are influenced by external factors.
Autonomous cars can communicate with smart streetlights to
facilitate smooth traffic flow. The expansion of connected
infrastructure is anticipated to fuel demand for HD maps in
autonomous vehicles, presenting a lucrative opportunity for the
automotive industry during the forecast period.
The HD Map market for autonomous vehicles is thriving, with
trends like Plus and Vision-Map Fusion (VMF) gaining popularity.
Companies like Navinfo lead the way with advanced mapping solutions
for both semi-autonomous and fully autonomous vehicles. Advertising
services and in-house HD mapping are also on the rise. Autonomous
car technology is transforming passenger and commercial vehicles,
with corporations and automobile OEMs investing heavily.
Cloud-based and embedded HD maps are essential for Level 4 and 5
automation. Regulatory environment, LiDAR, SLAM, and sensor
technologies from Cruise, Waymo, Uber, Baidu, DiDi, ADASIS, NDS,
SENSORIS, TISA, TomTom, HERE Maps, Nvidia, and NDS Association are
shaping the future of urban planning in smart cities. Data storage
and cloud solutions are crucial for managing and processing vast
amounts of HD map data.
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Market Challenges
- Creating high-definition (HD) maps for autonomous vehicles is a
complex process involving data acquisition, aggregation, and
integration of advanced technologies like AI and machine learning.
The cost of manual verification and updating maps adds to the
manufacturing expenses, contributing significantly to the overall
cost of producing autonomous vehicles. The high cost of components
such as cameras, sensors, GPS devices, high-speed communication
networks, and Lidar is reflected in the price of HD maps, which can
range from USD1,44 to USD1,000 per kilometer depending on the level of
accuracy. Despite these challenges, HD maps are essential for
autonomous vehicles to navigate roads safely and accurately. New
entrants may use fictitious satellite maps and sensor datasets, but
these are insufficient for creating highly accurate HD maps. The
high cost of components and maps is expected to be a barrier to the
growth of the global HD map market for autonomous vehicles.
- The Hd Map market for autonomous vehicles is experiencing
significant growth as major players like Waymo, Uber, Baidu, DiDi,
and Cruise invest heavily in the technology. However, challenges
persist in creating accurate and reliable HD maps for autonomous
vehicles. LiDAR sensors and SLAM technology are crucial for mapping
and localization, but their high cost and limited field of view
present hurdles. Companies like NDS, SENSORIS, TISA, TomTom, and
HERE Maps are addressing these challenges through collaboration and
innovation. Nvidia, NDS Association, Avis Budget Group, and
Rent-A-Car are also entering the market, joining forces with
robo-taxi services like Voyage, Ola, and ride-sharing platforms.
The integration of digital cameras and 5G networks is expected to
enhance mapping capabilities, while Auto X, DeepMap, MapBox,
Carmera, Civil Maps, Wayz, Google, Avis, Fiat-Chrysler, Audi,
Daimler, HERE Technologies, GM, VW, Mobileye, and Embark continue
to develop advanced autonomous driving solutions.
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Segment Overview
This hd map for autonomous vehicles market report extensively
covers market segmentation by
- Solution
- 1.1 Cloud-based
- 1.2 Embedded
- Vehicle Type
- 2.1 Passenger
- 2.2 Commercial
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Cloud-based- Cloud-based High Definition (HD) maps
play a crucial role in the development of autonomous vehicles. The
HD quality of these maps ensures enhanced navigation accuracy and
precision. The cloud-based feature enables easier updates and
accessibility, allowing autonomous vehicles to navigate unfamiliar
or challenging terrains more effectively. Key industry players,
including NavInfo Co. Ltd. (Navinfo), HERE Global BV (HERE), TomTom
NV (TomTom), and NVIDIA Corp. (NVIDIA,) prioritize cloud-based
solutions for their real-time services and development needs.
Companies like Google, Audi AG, and BMW are already utilizing HD
maps in their autonomous vehicle prototypes. These factors are
expected to boost the growth of the cloud-based HD map market for
autonomous vehicles in the forecast period.
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analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
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The global autonomous vehicles market is experiencing rapid
growth due to advancements in technology and increasing demand for
safer transportation solutions. Concurrently, the global traction
control system market is expanding, driven by rising vehicle safety
standards and enhanced driving performance. Additionally, the
global automotive LIDAR sensors market is booming, fueled by the
need for precise environment mapping in autonomous driving systems.
These trends reflect a dynamic shift towards smarter and safer
automotive technologies, highlighting a significant evolution in
vehicle safety and automation.
Research Analysis
The HD Map market for autonomous vehicles is a rapidly growing
industry, driven by the increasing adoption of autonomous driving
technology in ride-sharing, robo-taxis, and autonomous cars. HD
Maps, which provide high-definition, real-time location data, are
essential for autonomous vehicles to navigate safely and
efficiently. These maps use technologies such as LiDAR (Light
Detection and Ranging) and SLAM (Simultaneous Localization and
Mapping) to create detailed 3D models of the environment. HD Maps
are created using a combination of digital cameras, LiDAR sensors,
and other data sources, and are updated in real-time using 5G
networks. Companies are investing heavily in HD Map technology to
provide reliable and accurate mapping data for autonomous vehicles,
with applications ranging from ride-sharing services like Uber and
Ola to shared mobility providers like Avis Budget Group and
Rent-A-Car. Other key players in the HD Map market include Cruise,
Waymo, Baidu, DiDi, ADASIS, NDS, SENSORIS, TISA, TomTom, HERE Maps,
Nvidia, NDS Association, Voyage, Auto X, DeepMap, MapBox, Carmera,
and Civil Maps.
Market Research Overview
The HD Map for Autonomous Vehicles market is a rapidly
growing sector in the autonomous driving industry. HD Maps, which
include LiDAR, SLAM (Simultaneous Localization and Mapping), and
digital cameras, play a crucial role in enabling autonomous
vehicles to navigate and perceive their environment in real-time.
These maps provide detailed information about the road
infrastructure, traffic signs, lane markings, and other relevant
features. Autonomous vehicles rely on HD Maps for various
applications such as ride-sharing, robo-taxis, and autonomous cars.
The market is witnessing significant investment from corporations,
automobile OEMs, and technology companies. The integration of 5G
networks and advanced autonomous driving technologies like Cruise,
Waymo, and Uber's self-driving projects, is expected to accelerate
the market's growth. The market encompasses various HD mapping
solutions, including in-house HD mapping, cloud-based, and embedded
systems. HD Maps are essential for semi-autonomous and fully
autonomous vehicles, enabling them to operate safely and
efficiently. The regulatory environment is a critical factor
influencing the market's growth, with regulatory bodies setting
standards for autonomous vehicle safety and data privacy. The HD
Map for Autonomous Vehicles market also offers advertising
services, smart cities, and urban planning applications. Companies
like Google, Avis, Fiat-Chrysler, Audi, Daimler, HERE Technologies,
GM, VW, Mobileye, Embark, Plus, and others are investing in this
market to provide innovative HD mapping solutions and stay
competitive. The market's growth is driven by the increasing demand
for shared mobility services, such as ride-sharing and car rentals,
and the integration of autonomous driving technology into passenger
vehicles and commercial vehicles. Data storage and cloud storage
solutions are also essential components of the HD Map for
Autonomous Vehicles market, enabling the collection, processing,
and analysis of vast amounts of data generated by autonomous
vehicles.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Solution
-
- Vehicle Type
-
- Geography
-
- North America
- Europe
- APAC
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
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Technavio's comprehensive coverage, extensive research, and
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and potential markets and assess their competitive positions within
changing market scenarios.
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Email: media@technavio.com
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