LONDON--(BUSINESS WIRE)--Nov 17, 2020--

Technavio has been monitoring the automotive HD maps market and it is poised to grow by USD 815.93 mn during 2020-2024, progressing at a CAGR of almost 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Automotive HD Maps Market 2020-2024 (Graphic: Business Wire)

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive HD maps market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions:

• What are the major trends in the market?
  The adoption of satellite imaging technology to generate HD maps is a major trend driving the growth of the market.
• At what rate is the market projected to grow?
  The market will accelerate at a CAGR of almost 17% and the incremental growth of the market is anticipated to be $ 815.93 mn.
• Who are the top players in the market?
  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 BV, are some of the major market participants.
• What is the key market driver?
  The adoption of cloud-based HD maps is one of the major factors driving the market.
• How big is the North America market?
  The North America region will contribute to 37% of the market share.

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View market snapshot before purchasing

The market is moderately fragmented, and the degree of fragmentation will accelerate during the forecast period. 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 BV are some of the major market participants. The adoption of cloud-based HD maps will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this automotive HD maps market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Automotive HD maps market 2020-2024: Segmentation

Automotive HD maps market is segmented as below:

• Application
  • Passenger Cars
  • Commercial Vehicles
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40653

Automotive HD maps market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive HD maps market report covers the following areas:

• Automotive HD maps market Size
• Automotive HD maps market Trends
• Automotive HD maps market Industry Analysis

This study identifies the adoption of satellite imaging technology to generate HD maps as one of the prime reasons driving the automotive HD maps market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Automotive HD maps market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist automotive HD maps market growth during the next five years
• Estimation of the automotive HD maps market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive HD maps market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive HD maps market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis
• Value chain analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2019
• Market outlook
• Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

• Market segmentation by application
• Comparison by application
• Passenger cars - Market size and forecast 2019-2024
• Commercial vehicles - Market size and forecast 2019-2024
• Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Adoption of satellite imaging technology to generate HD maps
• Integration of HD map content in ADAS
• Adoption of V2X technology to enhance performance of HD maps

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Alphabet Inc.
• CARMERA Inc.
• Civil Maps
• DeepMap Inc.
• HERE Global BV
• Intel Corp.
• NavInfo Co. Ltd.
• NVIDIA Corp.
• The Sanborn Map Co. Inc.
• TomTom International BV

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 11/17/2020 04:00 PM/DISC: 11/17/2020 04:01 PM

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