According to a new report published by UnivDatos Markets Insights, the HD maps for the autonomous vehicle market were valued at USD 1.2 billion in 2021 and are expected to grow at a CAGR of 32% from 2022-2030. The analysis has been segmented into Service Type (Mapping, Localization, Update and Maintenance, and Advertisement), Vehicle Type (Passenger Vehicle, and Commercial Vehicle), Solution (Cloud-Based, Embedded), Usage Type (Personal Mobility, and Commercial Mobility), Level of Automation ((Semi-Autonomous (L2, L3), Fully-Autonomous (L4, L5)), Region/Country.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 – https://univdatos.com/report/hd-maps-for-autonomous-vehicle-market/get-a-free-sample-form.php?product_id=40502

The HD maps for autonomous vehicle market report have been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the HD maps for the autonomous vehicle market. The HD maps for autonomous vehicle market report offer a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the HD maps for autonomous vehicle market at the global and regional levels.

Key Market Opportunities

 Real-time high-definition (HD) maps are increasingly being utilized in the development of autonomous vehicle maps. HD maps are used in autonomous vehicles but they do not provide real-time changes as it is considered static. Real-time HD maps provide accurate and precise navigation that allows vehicles to through the dynamic environment. Moreover, the driving task is slowly and steadily shifting from driver-based vehicles to in-vehicle automated systems. As a result, a new generation of maps built purposely for AI/ML-based machines is needed. Real-time hd maps are more used in smart cities where they can optimize the traffic flow, identify potential traffic bottlenecks, and plan infrastructure improvements. Thus, with the help of real-time hd maps, autonomous vehicles communicate with the city infrastructure and adjust their journey routes accordingly. Hence, it improves the overall experience of transportation and increased efficiency.

COVID-19 Impact

The Covid-19 pandemic has had a negative impact on the HD maps for the autonomous vehicle market. The pandemic has disrupted supply chains all over the world which has made it difficult for companies to gather the necessary parts and materials to manufacture HD maps for autonomous vehicles. Moreover, the pandemic has put lockdowns all over the world due to there is a decrease in the number of vehicles on the road, which has made it more complex to collect the data for creating and upgrading the maps. Additionally, due to the decreased workforce companies are not able to collaborate with employees to share information, which is essential for updating the HD maps.

Segmentation Details:

·         By service type, the market is segmented into mapping, localization, update and maintenance, and advertisement. Among these, localization held the dominant share of the market in 2021.

·         By vehicle type, the market is categorized into passenger vehicles and commercial vehicles. The passenger vehicle segment holds the major share of the global market in the forecast period.

·         Based on the solution, the market is bifurcated into cloud-based, and embedded. The cloud-based segment held a significant share of the market in 2021.

·         Based on usage type, the market is bifurcated into personal mobility and commercial mobility. The personal mobility segment held the dominant share of the market in 2021.

·         Based on the level of autonomy, the market is bifurcated into semi-autonomous (L2, L3), and Fully-Autonomous ( L4,L5). The semi-autonomous segment held the leading share of the market in 2021.

Ask for Report Customization @ https://univdatos.com/report/hd-maps-for-autonomous-vehicle-market/get-a-free-sample-form.php?product_id=40502

Automotive Power Steering Motor Market Geographical Segmentation Includes:

·         North America (U.S., Canada, Mexico, and the Rest of North America)

·         Europe (Germany, UK, Spain, France, Italy, and Rest of Europe)

·         Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific)

·         Rest of the World

The Asia Pacific region would exhibit the highest CAGR during 2022-2030 owing to the rapid growth rate in the automotive industry in the last couple of years. As the region covers the country such as China, and India which have almost 36% of the total world population with increasing disposable income, the paradigm shifts of population growth in the cities in the region looking for daily commuting purposes leads to increase adoption of the autonomous vehicle, further caters the demand for hd maps for an autonomous vehicle. For instance, in April 2023, according to the report published by United Nations, India overtook China as the world’s most populous country. Moreover, countries such as China and India have strong government support for the development and deployment of autonomous vehicles. The government’s support consists of research and development and various testing phase, setting regulations, and providing standards. This has created a favorable environment for the adoption of the autonomous vehicle market, further creating the demand for HD maps for autonomous vehicles. For instance, in August 2021, China revamped its regulations on driverless car testing, allowing qualified firms to conduct trials of autonomous vehicles used for transporting passengers and goods on highways and city roads, in an attempt to accelerate the commercialization of self-driving technology. Moreover, the government of China has been actively promoting the development of autonomous vehicles as part of its “Made in China 2025” initiative, which has a goal of 10% of new cars sold in China will be autonomous by 2025. Additionally, the region is well known for its early adoption of new and emerging technology, countries such as China, India, and South Korea have technologically advanced with the home to big tech giants, constantly developing advanced technology to improve the experience of autonomous cars as well as HD maps. For instance, in June 2020, NavInfo, a Chinese-based hd maps company, and the National Geographic Information System signed a strategic cooperation framework agreement in Beijing to coordinate their in-depth work on geographic information promoting the scope of HD maps in the region. Overall, the combination of the rapidly growing automotive sector, strong government support, and the early adoption of new technologies has created an attractive picture for the growth of HD maps for the autonomous vehicle market in the Asia-Pacific region in the coming years.

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the HD maps for autonomous vehicle market. The major players have been analyzed by using research methodologies such as Porter’s Five Forces Analysis for getting insight views on global competition.

Recent Developments:

·         In May 2021, HERE, a Netherland-based company, and Increment P announced a collaboration to develop and deploy high-definition (HD) maps for autonomous vehicles. The collaboration focused on integrating Increment P's HD mapping technology into HERE's Open Location Platform, which is a cloud-based platform that provides real-time location data and services

·         In February 2021, Dynamic Map Platform a Japan-based maps company partnered with Valeo, an autonomous and connected vehicle company to develop technologies and business models for precise localization and map updates to facilitate autonomous driving systems

Key questions resolved through this analytical market research report include:

·         What are the latest trends, new patterns, and technological advancements in the HD maps for autonomous vehicle market?

·         Which factors are influencing the HD maps for autonomous vehicle market over the forecast period?

·         What are the global challenges, threats, and risks in the HD maps for autonomous vehicle market?

·         Which factors are propelling and restraining the HD maps for autonomous vehicle market?

·         What are the demanding global regions of the HD maps for autonomous vehicle market?

·         What will be the global market size in the upcoming years?

·         What are the crucial market acquisition strategies and policies applied by global companies?

·         What are the descriptive profiles of key companies along with their SWOT analysis?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

Click Here To View the Report Description & TOC - https://univdatos.com/report/hd-maps-for-autonomous-vehicle-market/

About UnivDatos Market Insights (UMI)

Browse Other Related Research Reports from UnivDatos Market Insights

·         Garbage Truck Market

·          Car Electrical Product Market

·         Silicone In Car Care Products Market

·         Marine Turbocharger Market 

·         Electric Trucks Market

Target Audience:

·         Automotive Manufacturers

·         HD Map providers

·         Technology Companies

·         Market-related associations, organizations, forums, and alliances

·         Government bodies, such as regulating authorities and policymakers

·         Venture capitalists, private equity firms, and start-up companies

·         Distributors and sales firms

·         Research institutes, organizations, and consulting companies

About UnivDatos Market Insights

UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

Contact

UnivDatos Market Insights

Ph: 91-7834944911

Email: sales@univdatos.com

Website: https://univdatos.com/