HD Map for Autonomous Vehicles Market worth $20.4 billion in 2030

1. MarketsandMarkets Presents • HD Map for Autonomous Vehicles Market worth $20.4 billion in 2030 https://www.marketsandmarkets.com/Market-Reports/hd-map-autonomous-vehicle-market-141078517.html

2. The report "HD Map for Autonomous Vehicles Market by Solution (Cloud-Based & Embedded), Level of Automation, Usage (Passenger & Commercial), Vehicle Type, Services (Advertisement, Mapping, Localization, Update & Maintenance), & Region - Global Forecast to 2030", is estimated to be USD 1.3 billion in 2020 and is projected to reach a market size of USD 20.4 billion by 2030, at a CAGR of 36.2% during the forecast period. The market is driven by factors such as increasing demand for safe vehicles, progress toward developing semi-autonomous and autonomous vehicles, and growing traffic congestion. Browse 125 market data Tables and 43 Figures spread through 177 Pages and in-depth TOC on "HD Map for Autonomous Vehicles Market” Get The PDF Brochure For This Report@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=141078517

3. “Cloud-Based Service segment is estimated to be the fastest-growing HD map autonomous vehicle market, by solution” The low cost of cloud-based service, which is primarily due to the need for lesser storage space is the key factor that drives this segment in the market. Many top companies such as NVIDIA, HERE Technologies, TomTom to name a few offer their HD map product as cloud-based services, this is accompanied to the fact that updating of HD map can be done in less tot. “Semi-Autonomous vehicle segment is expected to be the fastest-growing HD map autonomous vehicle market, by automation level” Level 2&3 semi-autonomous vehicle segment occupies the largest share in the HD map market.  This is primarily because the laws concerning semi-autonomous driving are more relaxed when compared to autonomous driving. The specification needed for HD maps for autonomous driving is more complicated when compared to semi-autonomous vehicles which currently helps for the growth of semi-autonomous vehicle HD map market. Safety concerns regarding autonomous driving among the public also restrain the market. Request for Customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=141078517

4. “North America is estimated to be the largest regional HD map for autonomous vehicle market” North America comprises the US, Canada, and Mexico. The US currently holds the largest share which can be attributed to a large customer base and high disposable income of end-users in the US have fueled the demand for high-end safety vehicles, which in turn has resulted in increasing innovations and partnership by international automotive OEMs. Other factors that fueled for its growth is the government initiatives which includes autonomous vehicle testing in states such as California, Nevada, and District of Columbia and Arizona, creating new robust regulations for the use and testing of autonomous technology. The HD map for autonomous vehicle market is dominated by a few global HD map solution providers and comprises several regional players. Some of the key HD map providers include TomTom(Netherlands), HERE Technologies(Netherlands), Waymo(US), NVIDIA(US) and NavInfo(China). Request for Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=141078517

5. Critical Questions: • How will vehicle sales trends impact the market in the long term? • How do you see the impact of government regulations in the HD map for autonomous vehicle market? • What are the upcoming trends in the HD map for autonomous vehicle market? What impact would they make post-2020? • What are the key strategies adopted by top players to increase their revenue? • Which are the key country markets over the next decade? • To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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