HD Map for Autonomous Vehicles Market

HD Map for Autonomous Vehicles Market Size - (2023 - 2028):

The Global HD Map for Autonomous Vehicles Market was worth US$ 1.81 billion in 2022 and is anticipated to reach a valuation of US$ 9.53 billion by 2028 and is predicted to register a CAGR of 32.11% during 2023-2028.

The use of mobile phones and GPS devices would soon become obsolete and autonomous vehicles would be equipped with these GPS systems due to disruptions in robotic innovation. The growing interest in real-time information and an increase in car rental and online cabin services would create lucrative development opportunities for HD navigation systems for the HD map for autonomous vehicles market during the indicated period.

The market is stimulated by variables, for example, the growing interest in safe cars, progress towards the development of semi-autonomous and autonomous cars, and increased traffic congestion. Likewise, advancements in 5G innovation are expected to present significant development opportunities for major players in the HD map for autonomous vehicles market during the forecast period.

Market Drivers:

Increased speculation by original equipment manufacturers and tier 1 providers in high-definition mapping organizations and improved highway directives regarding autonomous driving laws have also led to the development of HD maps for the autonomous vehicles market. One of the driving forces behind this market is the development of the autonomous driving trend. The expansion of Start-UPS's investments in the growth of HD cards also adds to the development of this market.

Market Restraints:

One of the main control variables is restricted normalization in HD Maps. Reduced reliability in an untested environment also impedes the development of this market.

Market Recent Developments:

• Argo AI indicated that it has created an open safe for its autonomous vehicle upgrade information, including premium cards. Argoverse, as it is called, consists of data sets and maps collected as part of Argo AI's own self-sufficiency survey, and is released free of charge under a non-commercial Creative Commons license. Analysts are expected to be able to use these HD cards to further drive audiovisual innovation.

• Alibaba-backed online mapping service AutoNavi markets its mapping management by billing the organization's car accomplices for the use of its high-quality (HD) map, which is a staple of automatic devices, he said. the local newspaper Lanjinger.

•  TomTom, Baidu said he collaborated to create higher quality (HD) maps for independent driving. Their joint effort to improve a global HD map service strengthens TomTom and Baidu's capacity for HD map production and artificial intelligence (AI). Baidu will use TomTom's real-time mapping platform to enhance the HD map innovations used in China.

HD MAP FOR AUTONOMOUS VEHICLES MARKET REPORT COVERAGE:

Market Segmentation:

HD Map for Autonomous Vehicles Market - By Solution:

• Cloud-based

• Embedded

The minimal cloud-based relief effort, which is primarily due to the need for less storage space, is the key factor behind this snippet in the market. Many prominent organizations eg NVIDIA, HERE Technologies, and TomTom offer their HD map element as cloud services, this goes hand in hand with how it should be possible to update HD guide in less.

HD Map for Autonomous Vehicles Market - By Level of Automation:

• Semi-Autonomous (Levels 2&3)

• Autonomous (Levels 4&5)

Semi-autonomous is the most attractive section of the HD card for the autonomous car market by the level of automation. This is attributed to the way people generally care about the safety of the autonomous vehicle and the guideline identified with the autonomous vehicle is strict. The other key factor behind this snippet is the HD map element provided by many people from top organizations, which incorporate NVIDIA, TomTom, and NavInfo mainly focused on semi-autonomous cars.

HD Map for Autonomous Vehicles Market - By Usage:

• Passenger mobility

• Commercial mobility

HD Map for Autonomous Vehicles Market - By Vehicle Type:

• Passenger vehicles

• Commercial vehicles

The passenger vehicle sector represents the majority of the market share in this segment. This is due to the fact that the specifications required for commercial vehicles are complex compared to passenger vehicles. Also, the regulations for autonomous commercial cars are extremely strict because if they are not marketed, which should be done in 2023. With the commercial car fragment commercialized, you are likely to have strong competition with the passenger car on the HD card for the autonomous car market during the period in the figure.

HD Map for Autonomous Vehicles Market - By Services:

• Advertisement

• Localization

• Mapping

• Update & Maintenance

Market Regional Analysis:

The Global HD Map for Autonomous Vehicles Market Report includes the segmentation of regions:

• North America - U.S, Canada
• Europe – Norway, Germany, Sweden
• Asia Pacific- China, India, Japan
• Latin America – Brazil, Mexico, Argentina
• Middle East and Africa

Currently, the North American region has the largest offer of HD cards for the autonomous car market. This is primarily the direct result of a large customer base, and the increase in end-user disposable income, particularly in the United States, has fueled interest in very good quality safety vehicles, which has therefore It led to further progress and organization by global car providers who helped develop the HD card in this area.

The Asia-Pacific region is expected to dominate the HD card market over the period of time due to revenue development, positive financial situation, rising disposable income, and expansion of car production. Factors that favor the development of the tourism sector in these areas.

IMPACT OF COVID-19 ON HD MAP FOR AUTONOMOUS VEHICLES MARKET:

The coronavirus disease has incited lockdown gauges that caused a huge interruption in business execution over the car business. Organizations' technique to end speculation and movement towards new advances in an offer to spare expense has hugely affected the development of future portability arrangements, for example, independent vehicle. The HD map for the autonomous vehicles market is expected to have significant shares during the forecast period.

Market Key Players:

1. Argo Ai, LLC
2. Autonavi
3. Baidu
4. Blickfeld GmbH
5. Carmera
6. Civil Maps
7. Deepmap, Inc.
8. Here Technologies
9. LVL5, Inc.
10. Mapbox
11. Mapillary 
12. Mapmyindia
13. Mapper
14. Mobileye
15. Momenta
16. Navinfo
17. Navmii
18. NVIDIA
19. Precivision Technologies, Inc.
20. RMSI
21. The Sanborn Map Company
22. Tomtom
23. USHR, Inc.
24. Waymo
25. Zenrin