The global HD maps for autonomous vehicles market is anticipated to grow at a considerable CAGR of 30.2% during the forecast period (2021-2027). The market growth is mainly driven by a factor that is growing interest in autonomous vehicles across the globe. Autonomous vehicles support conveniently maintaining shorter minimum distances between two vehicles when compared with a vehicle that is driven by a human. This results in a greater traffic flow, reduction in emission of gases, along with decreased congestion. According to the prediction of the United States Department of Transportation (USDOT), which highlight the facts that the increase of driverless cars will drastically see falling in the number of traffic deaths. As its report in 2017, indicates around 37,133 deaths due to vehicle crashes in which 94% were caused owing to human error. So, with the adoption of autonomous vehicles nearly 30,000 lives every year can be saved. Additionally, HD maps that are utilized in autonomous vehicles will ensure accurate and effective navigation along with a safe commute, which in turn will strengthen the demand for HD maps.
Browse the full report description of "Global HD Maps for Autonomous Vehicles Market Research By Service Type (Mapping, Localization, Updates and Maintenance and Advertisement), By Level of Automation (Semi-Autonomous Driving Vehicles and Autonomous Driving Vehicles), and By Vehicle Type (Passenger Vehicles and Commercial Vehicles) Forecast 2021-2027" at https://www.omrglobal.com/industry-reports/hd-maps-for-autonomous-vehicles-market
The key players present in the global HD maps for autonomous vehicles market had been adopting various strategies that include mergers and acquisitions to gain major market share. For instance, in June 2021, one of the companies named Nvidia had done the acquisition of DeepMap that is considered a provider of high-definition mapping solutions for autonomous vehicles in order to strengthen its mapping and localization capabilities.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Service Type
o By Level Of Automation
o By Vehicle Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global HD Maps for Autonomous Vehicles Market
By Service Type
• Mapping
• Localization
• Updates and Maintenance
• Advertisement
By Level of Automation
• Semi-Autonomous Driving Vehicles
• Autonomous Driving Vehicles
By Vehicle Type
• Passenger Vehicles
• Commercial Vehicles
Global HD Maps for Autonomous Vehicles Market by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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