Global Automotive HD Maps Market 2018-2022
About Automotive HD Maps
The maps that are particularly built for self-driving purposes are usually called high definition maps or HD maps. These maps specifically have extremely high precision at centimeter-level accuracy. The market generates revenue as vendors offer automotive HD maps solutions to the automakers and vehicle renting service providers globally.
Technavio’s analysts forecast the global automotive HD maps market to grow at a CAGR of 13.79% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive HD maps market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive HD Maps Market 2018-2022
Technavio recognizes the following companies as the key players in the global automotive HD maps market: HERE, Intel, NVIDIA, and TomTom.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is adoption of high bandwidth automotive networks. Currently, the majority of vehicles use controller area network (CAN) and local interconnect network (LIN) for networking in the vehicle. The main reasons for the popularity of these networking technologies are low cost and high flexibility.”
According to the report, one driver in the market is maturing autonomous vehicles concept - boosting need for HD maps. Companies, such as Delphi, Continental, Bosch, Daimler, Scania, and Volvo (among others) are working on expanding the autonomous driving concept. Such campaigns and promotions have widened the market acceptance of semi-autonomous features in passenger cars and commercial vehicles.
Further, the report states that one challenge in the market is high cost associated with HD mapping. HD maps have accurate and dense map data for enabling autonomous driving. One of the data sources for HD maps is map generated from hardware-based mapping solutions, which rely on components, such as stereo cameras, 360-degree camera rigs, radar, and high-precision GPS connectivity among others. The purchase of such components requires huge initial investments, which acts as a deterrent for the HD maps market.
HERE, Intel, NVIDIA, and TomTom.