According to a new market report published by Lucintel, the future of the global HD map for autonomous vehicle market looks promising with opportunities in advertisement, localization, mapping, and update & maintenance segments. The global HD map for autonomous vehicle market is expected to grow with a CAGR of 37% from 2021 to 2026. The major drivers for this market are increase in the vehicle rental and online cab services, increasing traffic congestion, and rising interest for secure automobiles.
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In this market, semi-autonomous (level 2&3 and autonomous (level4&5) are the major level of automation used to manufacture HD map for autonomous vehicles. On the basis of comprehensive research, Lucintel forecasts that autonomous will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to the rise in trend for autonomous driving and an increased preference for safe autonomous vehicles. Improved road regulations related to independent driving laws and increased investments are driving the growth of this market.
Within the global HD map for autonomous vehicle market, the passenger vehicle segment is expected to witness the highest growth over the forecast period due to the installation cost associated with its maintenance is low and OEMs are investing tremendous amount of money in passenger vehicle.
North America is expected to remain the largest market and witness the highest growth rate over the forecast period due to the enormous client base and increased disposable revenue of end-users particularly is the US, which has powered the interest for very good quality safety vehicles.
Emerging trends, which have a direct impact on the dynamics of the industry, include development in 5G innovation, government initiation for autonomous driving and increasing investments by start-ups in development of HD maps. TomTom, HERE Technologies, Waymo, NVIDIA, Civil Maps, Momenta, The Sanborn Map Company, Deepmap Inc. and NavInfo are among the major suppliers of the HD map for autonomous vehicle market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global HD map for autonomous vehicle market by solution, level of automation, usage, vehicle type, services and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global HD Map for Autonomous Vehicle Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global HD map for autonomous vehicle market by solution, level of automation, usage, vehicle type, services and region, as follows:
By Solution [Value ($ Million) from 2015 to 2026]:
By Level of Automation [Value ($ Million) from 2015 to 2026]:
Semi-Autonomous (Level 2&3)
Autonomous (Level 4&5)
By Usage [Value ($ Million) from 2015 to 2026]:
Passenger mobility
Commercial mobility
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Passenger vehicles
Commercial vehicles
By Services [Value ($ Million) from 2015 to 2026]:
Advertisement
Localization
Mapping
Update & Maintenance
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.