Emergen Research has recently added a new report titled Global HD Maps for Autonomous Vehicles Market that provides an extensive analysis of the HD Maps for Autonomous Vehicles market and industry overview with regards to market size, market share, revenue growth, key companies, current and emerging market trends, recent technological and product developments, and a comprehensive analysis of the impact of COVID-19 pandemic on the growth of the HD Maps for Autonomous Vehicles market. The report aims to offer a clear understanding of the market with respect to the manufacturers, suppliers, vendors, distributors, and key companies involved in the market. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals. The key findings from the report have been sorted into charts, figures, tables, and other pictorial representations.
The global HD maps for autonomous vehicles market is expected to reach a market size of USD 16.51 Billion at a steady CAGR of 34.3% in 2028, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to increasing requirement for new generation of highly accurate and realistic digital map solutions and software. The ability of HD maps to determine the exact position of a vehicle in real-time with the help of analyzed data from multiple sources such as vehicle sensors, LiDAR, onboard cameras, satellite imagery, and GPS is driving demand for and deployment of HD maps among autonomous vehicle manufacturers. HD mapping technology allows a driverless vehicle to localize itself with high precision by mapping its exact location with respect to the surrounding environment. The technology enables autonomous vehicles to overcome sensing limitations by providing information beyond the range of the camera, LiDAR, and radar, which is driving traction of and preference for HD maps among autonomous vehicle manufacturers.
However, the report takes into account the current COVID-19 impact on the global economy and this particular business sector. The global HD Maps for Autonomous Vehicles market growth has been extensively hampered by the current economic situation triggered by the COVID-19 pandemic. The pandemic has led to some devastating effects on the global economy, besides disrupting the functioning of the HD Maps for Autonomous Vehicles industry. It offers an exhaustive analysis of the present and future effects of the pandemic on this business sphere. Moreover, the adverse effects of the coronavirus pandemic on the global HD Maps for Autonomous Vehicles market, as well as its fundamental segments, have also been elucidated in this report.
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Leading companies profiled in the report are:
NVIDIA, Tomtom, DeepMap, Here Technologies, Navinfo, Civil Maps, Mapmyindia, Sanborn Map Company, Navmii and Autonavi
The global HD Maps for Autonomous Vehicles market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the HD Maps for Autonomous Vehicles market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the HD Maps for Autonomous Vehicles market.
Level of automation Outlook (Revenue, USD Billion; 2021–2028)
- Semi-Autonomous (Level 23)
- Autonomous (Level 45)
Solution Outlook (Revenue, USD Billion; 2021–2028)
- Embedded
- Cloud-based
Services Outlook (Revenue, USD Billion; 2021–2028)
- Localization
- Advertisement
- Mapping
- Update Maintenance
Check Global HD Maps for Autonomous Vehicles Market Research Report in Detail @ https://www.emergenresearch.com/industry-report/hd-maps-for-autonomous-vehicles-market
Major Regions Covered in the HD Maps for Autonomous Vehicles Market Report:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
Key Reasons to Buy This Report:
- The report presents a thorough examination of the HD Maps for Autonomous Vehicles market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
- The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
- The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
- The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.
A SWOT analysis is performed on the leading companies engaged in the HD Maps for Autonomous Vehicles market to offer a better understanding of the strengths, opportunities, weaknesses, and threats of the leading companies. It also covers production and consumption rate, the volatility of prices and demands, market share, market size, global position, and market position of each player. The report also analyses key elements such as growth trends, concentration area, business expansion strategies, market reach, and other key features that offer companies insightful data to fortify their position in the HD Maps for Autonomous Vehicles industry.
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