HD Map for Autonomous Vehicles Market Report 2024

The HD map for autonomous vehicles market size has grown exponentially in recent years. It will grow from $1.83 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 27.1%. The growth observed in the historic period can be attributed to several factors, including the rising interest in and adoption of autonomous vehicles, increasing consumer demand for safer driving experiences, expanded use of Internet of Things (IoT) technologies, and advancements in telecommunication infrastructure.

The HD map for autonomous vehicles market size is expected to see exponential growth in the next few years. It will grow to $6.1 billion in 2028 at a compound annual growth rate (CAGR) of 27.2%. The anticipated growth in the forecast period can be attributed to several factors, including the rising demand for Advanced Driver Assistance Systems (ADAS), increasing interest in autonomous driving technology, the critical role of HD maps in ensuring safe autonomous navigation, and the growing consumer demand for self-driving vehicles. Major trends expected during this period include rapid advancements in artificial intelligence (AI), developments in real-time data processing technologies, the integration of edge computing for faster decision-making, and advancements in high-resolution mapping technologies to enhance accuracy and reliability in autonomous vehicle operations.

The growing demand for advanced driver assistance systems (ADAS) is poised to drive the expansion of the HD Map for Autonomous Vehicles market in the coming years. ADAS refers to electronic systems in vehicles that leverage advanced technologies to aid drivers, improving safety and driving comfort. This increasing demand is spurred by stringent safety regulations and consumer preferences for enhanced vehicle safety and convenience. HD maps for autonomous vehicles play a crucial role by providing detailed and precise information about the road environment, which enhances the performance of ADAS. These maps enable accurate navigation, better detection of objects, and informed decision-making, thereby promoting safer and more efficient driving practices. For example, a report by the Highway Loss Data Institute (HLDI) in April 2023 predicts that by 2027, at least three ADAS systems will be installed in over 50% of registered vehicles. The report also forecasts widespread adoption of specific ADAS features, with approximately 73% of vehicles equipped with rear cameras, 63% with rear parking sensors, and 51% with front collision prevention systems. This trend underscores the pivotal role of ADAS in driving growth within the HD map for autonomous vehicles market.

Leading companies in this market are actively innovating to introduce solutions such as HD Live Map, designed to enhance real-time updating capabilities and support autonomous driving functions effectively. HD Live Map is a highly detailed mapping service tailored specifically for autonomous vehicles, providing precise information on lane markings, road geometry, traffic signs, and other critical details essential for safe navigation. For instance, Mercedes-Benz Group AG launched HD Live Map as part of its DRIVE PILOT system in September 2021, in collaboration with HERE Technologies. This advanced mapping service offers detailed data on the road network, enabling the DRIVE PILOT system to operate safely and autonomously. The HD Live Map includes comprehensive models such as the Road Model, HD Lane Model, and Localization Model, delivering centimeter-level accuracy on road geometry, lane specifics, traffic signals, and other crucial roadside elements. These detailed insights empower autonomous vehicles to perform advanced driving tasks such as autonomous lane-keeping and real-time route adjustments based on current road conditions.

In July 2021, Woven by Toyota, Inc., a mobility technology subsidiary of Toyota Motor Corporation, acquired CARMERA Inc., a US-based leader in street-level mapping and intelligence platforms. This acquisition aims to integrate CARMERA's advanced mapping and change management technology into Toyota's Automated Mapping Platform, enhancing the development of comprehensive HD map solutions tailored for autonomous vehicles.

Major companies operating in the HD map for autonomous vehicles market are Google LLC, Toyota Motor Corporation, Mercedes-Benz Group AG, Nissan Motor Co. Ltd., Aisin Corporation, NVIDIA Corporation, Baidu Inc., Aptiv PLC, NavInfo Co. Ltd., Mobileye, HERE Global B.V., Cyient Limited, TomTom N.V., Zenrin Co. Ltd., The Sanborn Map Company Inc., Carmera Inc., Voler Systems Inc., Waymo LLC, ZENRIN EUROPE GmbH, Nexar, Intellias, iMOVE Australia.

North America was the largest region in the HD map for autonomous vehicles market in 2023. The regions covered in the HD map for autonomous vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the HD map for autonomous vehicles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

HD (High-Definition) maps are exceptionally detailed and precise maps specifically crafted to support autonomous vehicles in their navigation and decision-making processes. Unlike conventional digital maps used in traditional GPS systems, HD maps offer comprehensive detail and accuracy that are essential for the safe and efficient operation of self-driving cars. These maps enable autonomous vehicles to navigate with utmost precision by faithfully representing road geometry, lane markings, and the surrounding environment.

Key service types within the HD map market for autonomous vehicles include mapping, localization, updates and maintenance, and advertising. Mapping involves the creation of highly detailed and accurate maps that provide precise information about road geometry, lane configurations, traffic signs, and other essential infrastructure details. These solutions are available in cloud-based and embedded formats, catering to a wide range of vehicle types including passenger cars and commercial vehicles. HD maps find application in both personal mobility and commercial mobility sectors.

The HD map for autonomous market research report is one of a series of new reports that provides HD map for autonomous market statistics, including HD map for autonomous industry global market size, regional shares, competitors with a HD map for autonomous market share, detailed HD map for autonomous market segments, market trends and opportunities, and any further data you may need to thrive in the HD map for autonomous industry. This HD map for autonomous market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The HD map for autonomous vehicles market includes revenues earned by entities by providing services such as precise localization, detailed environmental understanding, path planning and navigation, obstacle detection and avoidance, high-definition road features, traffic sign and signal recognition, and enhanced sensor fusion. The market value includes the value of related goods sold by the service provider or included within the service offering. The HD map for autonomous vehicles market consists of sales of products including lidar sensors, cameras, radar sensors, GPS, and IMU. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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