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HD Map for the Autonomous Vehicles Market to grow by USD 5.38 billion from 2022 to 2027, The rising adoption of cloud-based HD maps to Boost Growth - TechnavioNEW YORK, Jan. 22, 2024 /PRNewswire/ -- The HD map for autonomous vehicles market is estimated to grow at a CAGR of 31.48% between 2022 and 2027. The size is forecast to increase by USD 5.38 billion, according to Technavio. The rising adoption of cloud-based HD maps is notably driving growth. Automotive OEMs increasingly adopt cloud-based platforms to reduce capital expenditure and accelerate product launches. Cloud platforms facilitate digital services like telematics in modern vehicles, enabling rapid development and management of new services for connected vehicles. Cloud mapping technology integration further enhances the deployment of autonomous vehicles, improving performance and scalability. Request a Sample Report with a full Table of Contents and Figures Company Landscape - The global HD map for autonomous vehicles is fragmented, with the presence of several global as well as regional companies. A few prominent companies that offer HD map for autonomous vehicles are Baidu Inc., CE Info Systems Ltd., Civil Maps, Dynamic Map Platform Co. Ltd., Esri Global Inc., GeoJunxion BV, HERE Global BV, Intel Corp., Mapbox Inc., Momenta Group, NavInfo Co. Ltd., Navmii Publishing Ltd., NVIDIA Corp., RMSI Pvt. Ltd., The Sanborn Map Co. Inc., TomTom NV, Toyota Motor Corp., Voxelmaps, Wipro Ltd., and ZENRIN CO., LTD. and others Company Offerings -
Growth in connected infrastructure is the primary trend. The high cost associated with technology is the major challenge impeding growth. Driver, Trend & Challenges are the factor of dynamics that states about consequences & sustainability of the businesses, find some insights from a free sample report! By geography, the global HD map for autonomous vehicles market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth.
Technavio has segmented based on Solution (Cloud-based and Embedded) and Vehicle Type (Passenger and Commercial).
What are the key data covered in this HD Map For Autonomous Vehicles Market report?
Technavio's SUBSCRIPTION platform Major Applications Cloud-based HD maps significantly enhance the navigation capabilities of autonomous vehicles, leveraging mapping technology, geographic information systems (GIS), LiDAR (Light Detection and Ranging), sensor fusion, 3D mapping, real-time data, machine learning, computer vision, radar systems, GPS (Global Positioning System), V2X communication (Vehicle-to-Everything), edge computing, advanced driver assistance systems (ADAS), road infrastructure, simultaneous localization and mapping (SLAM), data annotation, map updating, localization, precision mapping, object recognition, and cloud computing. Key industry players increasingly favor cloud-based solutions, anticipating their leading role in the future of autonomous vehicle technology, as they enable effective maneuvering in unfamiliar or challenging terrains. Related Reports The Global Autonomous Vehicles Market is projected to reach a value of USD 397.56 billion in 2027 with a CAGR of 38.45% between 2022 and 2027. The Autonomous Vehicle Development Platform Market Size is estimated to grow at a CAGR of 30.94% between 2022 and 2027. The size of the market is forecast to increase by USD 82,788.43 million. ToC: Executive Summary Market Landscape Market Sizing Historic Sizes Five Forces Analysis Segmentation by Solution Segmentation by Vehicle Type Segmentation by Geography Customer Landscape Geographic Landscape Drivers, Challenges, & Trends Company Landscape Company Analysis Appendix About US Contact View original content to download multimedia:https://www.prnewswire.com/news-releases/hd-map-for-the-autonomous-vehicles-market-to-grow-by-usd-5-38-billion-from-2022-to-2027--the-rising-adoption-of-cloud-based-hd-maps-to-boost-growth---technavio-302041348.html SOURCE Technavio |