Authored By: Sarah
11 Jul 2024

 Hd Map For Autonomous Vehicles Market Size to grow by USD 13390.5 million between 2024-2028

According to a research report “ Hd Map For Autonomous Vehicles Market” by Solution (Cloud-based, Embedded) Vehicle Type (Passenger, Commercial) Geography (North America, Europe, APAC, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 13390.5 million, at a CAGR of  46.02% during the forecast period. The autonomous vehicles market is experiencing significant growth due to the integration of advanced radar technology and microprocessors capable of making self-improving judgments. These innovations enable autonomous vehicles to minimize driver attention, addressing the 94% of highway fatalities caused by human error or poor driving judgments according to the National Highway Traffic Safety Administration (NHTSA). Autonomous vehicles offer numerous advantages, including increased safety, reduced fuel consumption, decreased traffic congestion, and lower pollutant emissions. Consequently, major players in the autonomous driving industry are intensely focusing on research and development to capitalize on this burgeoning market.

Browse market data tables, figures, and in-depth TOC on “Hd Map For Autonomous Vehicles Market” by Solution (Cloud-based, Embedded) Vehicle Type (Passenger, Commercial) Geography (North America, Europe, APAC, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Solution, the Cloud-based segment is projected to dominate the market size in 2024

The passenger cars segment dominates the global HD map market for autonomous vehicles due to the increasing integration of automated features in this segment. Automotive Original Equipment Manufacturers (OEMs) are increasingly favoring level-3 and above autonomy levels, which necessitates the adoption of High-Definition (HD) maps. Developed regions, such as North America and Europe, lead in the adoption of HD maps in passenger cars, given their advanced stage of autonomous vehicle development. Additionally, Japan and China are witnessing significant investments in autonomous vehicle technology, bolstered by supportive regulatory environments.

By Vehicle Type, Passenger  segment is expected to hold the largest market size for the year 2024

In the realm of autonomous vehicle technology, cloud-based High Definition (HD) maps have become indispensable. These maps offer enhanced navigation accuracy and precision due to their HD nature. Moreover, the cloud-based infrastructure facilitates seamless updates and accessibility, enabling autonomous vehicles to navigate complex and unfamiliar terrain more effectively. Key industry players, such as NavInfo Co. Ltd. (Navinfo), HERE Global BV (HERE), TomTom NV (TomTom), and NVIDIA Corp. (NVIDIA), recognize the importance of real-time services and cloud-based solutions for their autonomous vehicle mapping offerings.

North America is forecasted to hold the largest market size by region in 2024

The Hd Map for Autonomous Vehicles Market is experiencing significant growth due to the increasing demand for advanced driver-assistance systems (ADAS) and fully autonomous vehicles. These maps provide real-time, high-definition data to enable precise vehicle localization and object detection, enhancing safety and efficiency. Major players are investing heavily in R&D to improve map accuracy and coverage, ensuring a competitive edge in this burgeoning market.

The Hd Map For Autonomous Vehicles Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 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.
  • ZENRIN Co., Ltd.
.

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Research Analysis Overview

The HD Map market for autonomous vehicles is experiencing significant growth as companies like Civil Maps, Carmera, MapBox, DeepMap, Auto X, and others continue to innovate and improve their mapping technologies. These companies use a combination of digital cameras, Lidar, and other sensors to create highly detailed and accurate maps for autonomous driving. With the rollout of 5G networks, real-time data transfer and processing will become a reality, further enhancing the capabilities of these HD maps. Taxis, ride-hailing services like Uber and Ola, shared mobility providers, and even traditional car rental companies like Avis Budget Group are investing in autonomous driving technology. Key players in the HD Map market include NDS Association, Nvidia, HERE Maps, TomTom, TISA, SENSORIS, ADASIS, DiDi, Baidu, and Waymo, among others. These companies are developing SLAM (Simultaneous Localization and Mapping) technologies using LiDAR sensors to create 3D maps for autonomous cars and robo-taxis. The future of transportation is looking autonomous, and HD maps will play a crucial role in ensuring safe and efficient journeys.

Market Research Overview

The HD Map market for autonomous vehicles is experiencing significant growth as automobile OEMs and corporations invest heavily in autonomous car technology. The regulatory environment for autonomous driving is evolving, with many countries and cities implementing new rules and standards. HD Maps play a crucial role in enabling autonomous vehicles to navigate urban areas and smart cities. Both commercial and passenger vehicles are adopting HD Maps for their autonomous driving systems. Some companies are focusing on in-house HD mapping solutions, while others are turning to cloud-based offerings from corporations like Navinfo, HERE Technologies, TomTom, and MapBox. The level of automation in autonomous vehicles varies, from semi-autonomous to fully autonomous. Companies like Mobileye, NVIDIA, and NDS Association are developing key technologies like SLAM (Simultaneous Localization and Mapping) and LiDAR (Light Detection and Ranging) to enhance HD mapping capabilities. Advertising services and shared mobility companies like Google, Waymo, Uber, DiDi, and Ola are also investing in HD mapping for their autonomous taxi and ride-sharing services. The use of digital cameras, Lidar, and other sensors is becoming increasingly common in HD mapping for autonomous vehicles. The 5G network is expected to revolutionize HD mapping for autonomous vehicles by providing faster and more reliable data transfer. Companies like Avis Budget Group, Avis, and Carmera are exploring the potential of HD mapping for their autonomous car rental services. The HD Map market for autonomous vehicles is expected to grow significantly in the coming years, with key players like VW, GM, Daimler, Audi, Fiat-Chrysler, and Volkswagen investing heavily in this technology. The NDS Association, ADASIS, SENSORIS, TISA, and other industry groups are also playing a crucial role in setting standards and regulations for HD mapping in autonomous vehicles.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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