The global HD maps market size is expected to reach $14,935.2 Million by 2028 growing at the CAGR of 36.4% from 2021 to 2028. This growth is attributed to several macro and micro economic factors such as
- Increasing investments by start-ups in the development of HD maps in response to the growing trend of autonomous cars
- Help in critical decision-making offering increased road safety
- Driver 3
Further several factors restraining the market growth include
- Legal and privacy issues related to HD maps
- High cost of technology
Collaborations and Alliances in the HD maps market is expected to generate higher avenues during the forecast period.
The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the HD maps market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers to adopt various strategies to stabilize the company.
In terms of COVID 19 impact, the HD maps market report also includes following data points:
- Impact on HD maps market size
- End User Trend, Preferences and Budget Impact
- Regulatory Framework/Government Policies
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in HD maps market
Key Insight in the report:
The global HD maps market report covers executive summary, market dynamics, COVID impact & post COVID scenario, market size and forecast, competitive intelligence, market positioning, and product offerings.
Our report covers extensive competitive intelligence which include following data points:
- Business Overview
- Business Segment Data
- Financial Data
- Deployment Segment Analysis and Specification
- Recent Development and Company Strategy Analysis
- SWOT Analysis
The report covers market sizing and forecasting at the country level as well as at the segment level. HD maps market is analyzed across below-mentioned different segments:
- Defense & Aerospace
HD maps market is also analyzed across the below-mentioned regions/countries:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East & Africa
Some of the key players in HD maps market include:
- Here Technologies Inc.
- The Sanborn Map Company
- Precivision Technologies Inc.
- Civil Maps
REPORT CONTENT BRIEF:
- High level analysis of the current and future market trends and opportunities
- Detailed analysis on current market drivers, restraining factors, and opportunities in the future
- HD maps market estimates for 2020 and forecast from 2021 to 2028
- Vendor market share analysis at each product level
- Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations and partnerships as well as funding taken and investment done, among others.
- Suppliers and traders
- Government, associations, and industrial bodies
- Investors and trade experts
- Consulting Firms or Individual Consultant
- Anyone interested in understanding industry dynamic of HD maps market