HD Maps for Autonomous Vehicles Market Technology, Trends, Forecast 2028

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HD Maps for Autonomous Vehicles Market Size Worth
USD 16.51 Billion by 2028
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Increasing need to improve driver safety and
comfort and deconjest road traffic are some key
factors driving global HD maps for autonomous
vehicles market growth.
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End Use Analysis
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Market Summary
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. 
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Market Summary
Some Key Highlights From the Report In November
2019, TomTom, which is a location technology
specialists, and the University of Amsterdam
(UvA) announced the opening of a new research
Atlas Lab for autonomous vehicles. Atlas Lab is
expected to focus on utilizing Artificial
Intelligence for developing advanced, highly
accurate, and safe high-definition maps for
self-driving vehicles. Semi-Autonomous (Level
23) segment accounted for largest market share
of 62.5 in 2020. Presence of more stringent
regulations regarding autonomous driving compared
to semi-autonomous driving are boosting demand
for semi-autonomous vehicles. Cloud-based
solutions segment revenue is expected to expand
at a rapid CAGR of 34.8 during the forecast
period. Major players in the market such as
TomTom, NVIDIA, and HERE Technologies are
increasingly utilizing cloud-based services as
these offer more accuracy and easy updating of
maps. Request Free Sample Copy_at_
https//www.emergenresearch.com/request-sample/509

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Market Summary
Emergen Research has segmented the global HD
maps for autonomous vehicles market on the basis
of level of automation, solution, services,
vehicle type, and region Level of automation
Outlook (Revenue, USD Billion 20212028) Semi-Aut
onomous (Level 23) Autonomous (Level
45) Solution Outlook (Revenue, USD Billion
20212028) Embedded Cloud-based Services Outlook
(Revenue, USD Billion 20212028) Localization Adv
ertisement Mapping Update Maintenance Vehicle
Type Outlook (Revenue, USD Billion
20212028) Commercial Vehicles Passenger
Vehicles Read More_at_ https//www.emergenresearch.c
om/industry-report/hd-maps-for-autonomous-vehicles
-market
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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