Global Autonomous Vehicles HD Maps Market 2020-2025 – Rapid Advancements in 5G Technology & Growing Investment by Start-up Firms for Developing HD Maps – ResearchAndMarkets.com | Financial Buzz

Global Autonomous Vehicles HD Maps Market 2020-2025 – Rapid Advancements in 5G Technology & Growing Investment by Start-up Firms for Developing HD Maps – ResearchAndMarkets.com

The “Global HD Map for Autonomous Vehicles Market (2020-2025) by solution, level of automation, usage, vehicle type, services, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

The Global HD Map for Autonomous Vehicles Market is estimated to be USD 1.4 Bn in 2020 and is expected to reach USD 2.9 Bn by 2025, growing at a CAGR of 15.6 %.

Market Dynamics

Key factors, such as the importance of accurate navigation in autonomous driving systems to enhance user confidence and ensure safe driving have led to the growth of HD Mapping in the Autonomous vehicles market. Moreover, the use of HD maps can be beneficial for improving the reaction speed towards an unwanted object to enhance safety in case of problems with sensors.

Additionally, the advancements taking place in localization-based services are further augmenting the growth of the market.

However, the costs incurred in creating these maps are comparatively high. Moreover, these maps rely on compiling information from LiDAR scans, mobile cameras, sensors, and GPS devices to further process and deliver the required output.

The high data processing required along with the data streaming issues is likely to hinder the growth of the market.

Some of the companies covered in this report are NVIDIA, Civil Maps, Deepmap, Inc., Here Technologies, Waymo, Esri, Navinfo, and The Sanborn Map Company.

Market Segmentation

  • By Solution, the market is classified as cloud-based and embedded. Amongst the two, the cloud-based segment is estimated to hold the highest market share.
  • By Level of Automation, the market is classified as Semi-Autonomous (Level 2&3) and Autonomous (Level 4&5). Amongst the two, the semi-Autonomous (Level 2&3) segment is estimated to hold the highest market share during the forecast period.
  • By Usage, the market is classified as Passenger mobility and Commercial mobility. Amongst the two, the passenger mobility segment holds the highest market share.
  • By Vehicle Type, the market is classified as Passenger vehicles and Commercial vehicles. Amongst the two, the passenger vehicles segment is estimated to hold the highest market share.
  • By Services, the market is classified as Advertisement, Localization, Mapping and Update & Maintenance. Amongst all, the localization segment is estimated to hold the highest market share.
  • By Geography, North America is projected to lead the market.

Recent Developments

  • CARMERA and Toyota Research Institute-Advanced Development (TRI-AD) have partnered for automated driving mapping in Japan and the US. This partnership aims at developing a camera-based automation for maps and an open software platform concept known as Automated Mapping Platform (AMP)
  • Civil Maps has launched the availability of Fingerprint Base Map for precise autonomous vehicle localization and navigation.

Market Dynamics

Drivers

  • Significance of accurate navigation in self driving vehicles
  • Need for improving the reaction speed of AD systems
  • Technological advancement in location-based services

Restraints

  • High cost incurred in creating the HD Maps
  • High volumes of data processing required
  • Real time data streaming issues

Opportunities

  • Use of HD Maps to ADAS applications
  • Rapid advancements in 5G Technology
  • Growing Investment by Start-up firms for developing HD Maps

Challenges

  • Regulatory issues related to respective geospatial data
  • Lack of a standardization
  • Regular updating of maps

Companies Mentioned

  • Navinfo Co.,Ltd
  • Tomtom (Bridgestone)
  • Here Technologies
  • Electrobit Automotive (Continental Corporation)
  • Intellias (Horizon Capital)
  • Waymo
  • NVIDIA
  • Esri
  • Carmera
  • Civil Maps
  • Deepmap
  • Drive.ai (Apple)
  • Mapbox
  • Mapper.ai (Velodyne Lidar Inc)
  • Mobileye (Intel)
  • Oxbotica
  • Sanborn Map Company
  • Voxelmaps
  • Lvl5 (Doordash)
  • Zenrin

For more information about this report visit https://www.researchandmarkets.com/r/wb88tk

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