October 21, 2020

Automotive HD Maps Market Will Showcase Negative Impact During 2020-2024 | Adoption of Cloud-based HD Maps to Boost the Market Growth

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 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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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. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Adoption of cloud-based HD maps has been instrumental in driving the growth of the market.

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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

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

  • Automotive HD maps market Outlook

This study identifies adoption of satellite imaging technology to generate HD maps as one of the prime reasons driving the global 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

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

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

PART 14: APPENDIX

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201007005476/en/

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