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

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MarketsandMarkets Presents

HD Map for Autonomous Vehicles Market worth 20.4
billion in 2030
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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 _at_ https//www.marketsandmarkets.com/pdfdown
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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 23 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
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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 _at_
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• 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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