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.
This product will be delivered within 3-5 business days.
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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. HD Map for Autonomous Vehicles Market Characteristics3. HD Map for Autonomous Vehicles Market Trends and Strategies32. Global HD Map for Autonomous Vehicles Market Competitive Benchmarking33. Global HD Map for Autonomous Vehicles Market Competitive Dashboard34. Key Mergers and Acquisitions in the HD Map for Autonomous Vehicles Market
4. HD Map for Autonomous Vehicles Market - Macro Economic Scenario
5. Global HD Map for Autonomous Vehicles Market Size and Growth
6. HD Map for Autonomous Vehicles Market Segmentation
7. HD Map for Autonomous Vehicles Market Regional and Country Analysis
8. Asia-Pacific HD Map for Autonomous Vehicles Market
9. China HD Map for Autonomous Vehicles Market
10. India HD Map for Autonomous Vehicles Market
11. Japan HD Map for Autonomous Vehicles Market
12. Australia HD Map for Autonomous Vehicles Market
13. Indonesia HD Map for Autonomous Vehicles Market
14. South Korea HD Map for Autonomous Vehicles Market
15. Western Europe HD Map for Autonomous Vehicles Market
16. UK HD Map for Autonomous Vehicles Market
17. Germany HD Map for Autonomous Vehicles Market
18. France HD Map for Autonomous Vehicles Market
19. Italy HD Map for Autonomous Vehicles Market
20. Spain HD Map for Autonomous Vehicles Market
21. Eastern Europe HD Map for Autonomous Vehicles Market
22. Russia HD Map for Autonomous Vehicles Market
23. North America HD Map for Autonomous Vehicles Market
24. USA HD Map for Autonomous Vehicles Market
25. Canada HD Map for Autonomous Vehicles Market
26. South America HD Map for Autonomous Vehicles Market
27. Brazil HD Map for Autonomous Vehicles Market
28. Middle East HD Map for Autonomous Vehicles Market
29. Africa HD Map for Autonomous Vehicles Market
30. HD Map for Autonomous Vehicles Market Competitive Landscape and Company Profiles
31. HD Map for Autonomous Vehicles Market Other Major and Innovative Companies
35. HD Map for Autonomous Vehicles Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
HD Map For Autonomous Vehicles Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on HD map for autonomous vehicles market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for HD map for autonomous vehicles? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The HD map for autonomous vehicles market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Service Type: Mapping; Localization; Updates And Maintenance; Advertisement2) By Solution: Cloud-Based; Embedded
3) By Usage Type: Personal Mobility; Commercial Mobility
4) By Vehicle Type: Passenger Cars; Commercial Vehicles
Key Companies Mentioned: Google LLC; Toyota Motor Corporation; Mercedes-Benz Group AG; Nissan Motor Co. Ltd.; Aisin Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | August 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 2.33 Billion |
| Forecasted Market Value ( USD | $ 6.1 Billion |
| Compound Annual Growth Rate | 27.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 22 |
