TMCnet News
HD Map Market is Estimated to Witness Significant Growth Owing to High Demand From Semi-autonomous & Connected Automobiles Sector: Radiant Insights, Inc.SAN FRANCISCO, January 14, 2019 /PRNewswire/ -- Global HD Map Market is estimated to witness significant growth in the forecast period owing to the high demand for semi-autonomous and connected automobiles. HD (High Definition) maps HD maps offer detailed information to the driver that includes clear-cut illustration of road ahead and details of the surroundings. They are specially designed for self-driving purposes. These maps are extremely precise and offer high precision at centimeter level. HD map market is driven by factors like increasing awareness about enhanced technologies used in automobile mapping and concept of sophisticated autonomous vehicle. Moreover, implementation of intelligent PDAs (personal digital assistance) is also expected to fuel the market. However, poor internet connection limits HD maps to detect road, weather, and traffic conditions is hampering the growth of market. Easy availability of location-based services, introduction of autonomous driving and acceptance of digital maps by mobile phone manufacturers are some of the trends observed in the market. Increasing focus on expanding operations in different regions is expected to offer opportunities to the market players. HD map market is categorized on the basis of component, application, and geography. On the basis of component, market is divided into cameras, positioning systems, (IMU) inertial measurement unit, and LiDAR. Cameras and LiDAR segments are expected to lead the market since they play major role in the automobiles. Based on application, market is divided into internet firms, automobile makers, sensor vendors and digital map providers. Access 102 page research report with TOC on "HD Map Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/2013-2028-report-on-global-hd-map-market
Browse reports of similar category available with Radiant Insights, Inc.:
About Radiant Insights, Inc.: At Radiant Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact: Web: https://www.radiantinsights.com |