
HD Map Market
HD Map Market Global Industry Assessment & Forecast
Segments Covered
By Product Cloud-Based, Embedded
By Application Passenger Vehicles, Commercial Vehicles
Snapshot
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2021 - 2028 |
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2016 - 2020 |
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1.014 Billion |
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11.96 Billion |
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28.63 |
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North America |
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Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
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Key insights
The global HD Map market was valued at USD 1.014 Billion in 2020 and is projected to reach USD 11.96 Billion by 2028, growing at a CAGR of 28.63% from 2021 to 2028.

Years | Parameters |
---|---|
Historical Data (Actual Data) | 2016-2020 |
Base Year Data | 2020 |
Current Year Date | 2021 |
Projected year data | 2021-2026 |
Annual Market Size (2028) | 11.96 Billion |
Annual Market Size (2021) | |
CAGR (2021 - 2028) | 28.63% |
Definition And Overview
An HD map is a remarkably accurate map used in independent driving, accommodating details which are not generally present on traditional maps. These maps can be accurate at a centimeter level. For development of autonomous vehicles HD maps are very important. This information helps autonomous vehicles to enhance decision making power while performing other driving tasks. It can also give localization information, which helps in finding the accurate position of a vehicle on the map. With recent innovations in artificial intelligence and computer vision, visual Simultaneous Localization and Mapping (SLAM) has gained substantial preciseness in determining the orientation and position of a device. It is anticipated that HD maps will also help in advertising services, and it will be the main segment which will generate revenue for HD maps market players.
The report covers in-depth study on the global HD Map market, which comprises market trends such as drivers, restraints, and opportunities, regional trends, segmental analysis, and competitive landscape among others. This study comprises the market estimations and forecast in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities. The report includes a separate chapter covering detailed HD Map market overview that includes Porter’s Five Forces Analysis, PESTLE Analysis, Player Positioning Analysis, SWOT Analysis, and Value Chain Analysis among others.
COVID-19 Impact Analysis
The wise spread
COVID-19 outbreak has impacted several industries including HD Map. The
governments across the globe compel to employ stringent restriction such as
lockdown, international border seals, and
implementing strict social distancing measures. This forces serval
industries to opt for work from home which in turn disrupted the business
processes. However, after mid 2021 the world is witnessing reopening of trading
activities, business operations which is expected to stimulate the economic
growth during upcoming years. The impact
of COVID-19 on the market demand is considered while estimating the current and
forecast market size and growth trends for all the regions and countries. The
report provides a completely separate chapter for COVID-19 Impact Analysis.
This chapter includes: o
Impact Assessment of COVID-19 Pandemic o
Pre & Post COVID-19 Market Size o
Qualitative analysis on the short term
& long-term impact of COVID-19 on the market
o The
analysis provides foremost strategies adopted by competitors to minimize the
impact of the pandemic on their business activities and scope for future
developments.
Industry Analysis
The report explains various driving factors, restraints/challenges, and opportunities in detail. These assessments aid the industry stakeholders to analyze the HD Map market on the basis of different parameters, such as economies of scale, the share of various distribution channels, various factors affecting consumer behavior such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences.
Growing awareness about autonomous driving trends, sophisticated technology, self-driving car renting services is expected to in turn drive the demand for the market.
Increase in government initiation for autonomous driving is also fueling the HD Map Market globally.
high price of technology and privacy and legal issues is expected to hamper the market growth.
Global HD Map Market Report Scope
Parameter | Details |
---|---|
Market Size Provided for Years | 2016-2028 |
Base Year | 2020 |
Historic Years | 2016-2020 |
Forecast Years | 2021-2028 |
Market Size Provided In Terms Of | Revenue & Volume |
Segments Covered | Product, Application |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Countries Covered | The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | TomTom, HERE Technologies, Waymo, NVIDIA, Baidu, Dynamic Map Platform, NavInfo, Zenrin. |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
Market Segmentation
The report
delivers an acute breakdown of the market based on various segments such as Product,
Application, and region. The report will cover market
estimations and forecast for each segment by region for the years 2016–2028. Several
growth factors and opportunities impacting various segments have been
incorporated in the report. On
the basis of Product, the market is divided into Cloud-Based, Embedded. Cloud-Based
held the largest share in 2020 and is projected to witness substantial growth
during the forecast period.
Based
on Application, the market is divided into Passenger Vehicles, Commercial Vehicles. Passenger Vehicles
attributed to the highest market share and is expected to grow at a significant
CAGR from 2021 to 2028.
Global HD Map Market: Product Segment Analysis
-
- Cloud-Based
- Embedded
Global HD Map Market: Application Segment Analysis
-
- Passenger Vehicles
- Commercial Vehicles
Global HD Map Market: Regional Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
The global HD Map market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the HD Map market are TomTom, HERE Technologies, Waymo, NVIDIA, Baidu, Dynamic Map Platform, NavInfo, Zenrin.. This section of the report will provide you extensive information on all key players based on business overview, product portfolio, marketing strategies, recent developments, financial performance, and geographical presence among others. Moreover, the report also includes extensive information on key strategies such as new product development/launch, merger & acquisitions, partnerships, collaborations & joint ventures, research & development, and regional expansion.
Global HD Map Market : Regional Analysis
Based on the geography, the global HD Map market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional analysis covers market estimations and forecast for each segment for each region for the years 2016–2028. The concentration of raw material suppliers as well as market players in one specific region impacts the global market scenario and the report covers exclusive information on the same. Also, the report analyzes the intensity of competition in each region and its influence on the growth of the global HD Map market.
Market Size, 2021 (USD Billion)
FAQ
Frequently Asked Question
What is the global demand for HD Map in terms of revenue?
-
The global HD Map valued at 1.014 Billion in 2020 and is expected to reach 11.96 Billion in 2028 growing at a CAGR of 28.63%.
Which are the prominent players in the market?
-
The prominent players in the market are TomTom, HERE Technologies, Waymo, NVIDIA, Baidu, Dynamic Map Platform, NavInfo, Zenrin..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 28.63% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the HD Map include
- Growing awareness about autonomous driving trends, sophisticated technology, self-driving car renting services is expected to in turn drive the demand for the market.
- Increase in government initiation for autonomous driving is also fueling the HD Map Market globally.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the HD Map in 2020.