North America to Grab Lion’s Share in the HD Map for Autonomous Vehicle Market

Tue, 05 May 2020 11:49

The HD map for autonomous vehicles market was valued USD 0.88 billion in 2019 and is expected to reach USD 7.7 billion by 2029, with a CAGR of 21.4 %.

Technological advancement in LiDAR, inexpensive sensors, high-resolution cameras, increased investment by the government, and surging number of autonomous vehicles (AV) drive the market growth. However, the COVID 19 outbreak has severely impacted the market due to disruption in supply chain and labor shortages in most of the western economies.

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Key Highlights

  • North America accounted for the largest market share of 37%, followed by Europe, Asia-Pacific, and LAMEA. Asia-Pacific is projected to exhibit the highest CAGR during the forecast period (2020–2029).
  • The L2 & L3 segment accounted for the lion’s share in 2019 and is expected to dominate the market during the forecast period.
  • The cloud segment is projected to dominate the market during the forecast period, whereas the embedded segment is anticipated to grow with a significant CAGR during the forecast period.
  • The mapping segment accounted for more than 55% of the market share in 2019. The localization segment is expected to grow with the highest CAGR of 25.3% during the forecast period.
  • The passenger car segment accounted for the larger share of the pie in 2019. The commercial vehicle is expected to grow with a significant CAGR during the forecast period.

Key Players

  • Intel (Mobileye)
  • TomTom
  • Here Technologies
  • NVIDIA
  • Navinfo
  • CE Info Systems Pvt. Ltd (MapsmyIndia)
  • The Sanborn Map Company
  • Momenta 
  • Navmi
  • Waymo
  • Autonavi
  • Apollo
  • RMSI

HD Maps for Autonomous Vehicles Market Segmentation

By Level of Automation

  • L2 & L3
  • L4 & L5

By Solution

  • Cloud
  • Embedded

By Application

  • Mapping
  • Localization

By Vehicles

  • Passenger cars
  • Commercial vehicles

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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