Global Automotive HD Maps MARKET 2020-2024
Global Automotive HD Maps Market 2020-2024
Technavio has been monitoring the global automotive hd maps market and it is poised to grow by USD 815.93 mn during 2020-2024, progressing at a CAGR of 17% during the forecast period. Our reports on global automotive hd maps market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by rising adoption of cloud-based hd maps.In addition, adoption of satellite imaging technology to generate hd maps is anticipated to boost the growth of the global automotive hd maps market as well.
Technavio's global automotive hd maps market is segmented as below:
- Passenger Cars
- Commercial Vehicles
- North America
- South Africa
Key Trends for global automotive hd maps market growth
This study identifies adoption of satellite imaging technology to generate hd maps as the prime reasons driving the global automotive hd maps market growth during the next few years.
Prominent vendors in global automotive hd maps market
We provide a detailed analysis of around 25 vendors operating in the global automotive hd maps market, including some of the vendors such as Alphabet Inc., CARMERA Inc., Civil Maps, DeepMap Inc., HERE Global BV, Intel Corp., NavInfo Co. Ltd. , NVIDIA Corp., The Sanborn Map Co. Inc. and TomTom International B.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.