HD Map for Autonomous Vehicles Market by Solution Type (Cloud-Based, and Embedded), Application (Personal Mobility, and Commercial Mobility), Vehicle Type (Passenger Vehicles, and Commercial Vehicles): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026581 | Pages: 100 | Industry: Automotive and Transportation | Date: Oct 2022 | Type: Global

The market crossed US$ 1.4 billion mark in 2022 and is expected to hit US$ 16.9 billion by 2030, recording a CAGR of 31.7% during the forecast period. 

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HD map for autonomous vehicles market has been significantly growing with the rising demand for autonomous vehicles and accelerating adoption of connected car services.

Growing trend connected car services, and growing trend of autonomous vehicles (AV) are some of the major factors driving the growth of the market. In addition, the technological advancements in ADAS, telematics, AI in cars in the past few years have paved the way for new technologies that facilitate the development of different custom HD Map for Autonomous Vehicles. In addition, there is high demand for electronic components such as ECUs, HMI, domain controllers which require applications in programed manner. The ADAS and safety system segment is expected to hold the largest market share in the market. Further, infotainment systems segment is also expected to gain traction during the forecasted year.

Within the report, the HD Map for Autonomous Vehicles market is segmented into application, vehicle type, and geography. By application, the market is further segmented into ADAS and safety systems, body control and comfort systems, powertrain systems, infotainment systems, communication systems, telematics systems. On the basis of vehicle type, the HD Map for Autonomous Vehicles market is bifurcated into passenger vehicles, commercial vehicles, Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), plug-in Hybrid Electric Vehicle (PHEV). Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Growing adoption of ADAS features in vehicles is enhancing the growth of HD Map for Autonomous Vehicles.

Technological advancement in automotive industry such as self-driving car technology, advanced driver assistance system (ADAS) is contributing to market growth. In addition, the rising demand for advanced safety features such as autonomous emergency braking system, adaptive cruise control, and supportive government regulations are boosting the HD Map for Autonomous Vehicles market growth. ADAS technology significantly reduces complexity in driving with stability control, upgradation with next-generation vehicles.

The rising adoption of AI and 5G services is one of the major factors accelerating the market growth.

The user experience of HD Map for Autonomous Vehicles mainly depends on wireless connectivity. To find the digital solution, different telecom company companies are focusing on development of 5G to boost the safety as well as efficiency of HD Map for Autonomous Vehicles. Thus, 5G will be a key factor for autonomous vehicles (AV) as well as HD Map for Autonomous Vehicles as it allows faster communication. For instance, in 2022, South Korea and Europe have signed deal on 5G development.

Recent strategic developments in HD Map for Autonomous Vehicles market

The HD Map for Autonomous Vehicles market has undergone several significant developments, and a few of these have been mentioned below:

  • In July 2022, aiMotive, a leading modular automated driving technology supplier, and emotion3D, one of the global top automotive in-cabin analysis software vendors, have collaborated for integrating emotion3D’s DOMS (Driver and Occupant Monitoring System) solutions using the aiWare NPU (Neural Network Processing Unit) to accelerate their proprietary CNNs.
  • In January 2022, Airbiquity have strengthen collaboration with Renesas for developing in-vehicle software.

The HD Map for Autonomous Vehicles market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Aimotive, Airbiquity Inc., Elektrobit, Green Hills Software, Luxoft, Microsoft Corporation, NVIDIA Corporation, NXP Semiconductors, Renesas Electronics Corporation, Robert Bosch GmbH are among the prominent players operating in the market.

Target audience for the report:

  • HD Map for Autonomous Vehicles companies
  • Aftermarket services
  • OEMs
  • Automotive dealers
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of automotive sector

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Application
    • ADAS and Safety Systems
    • Body Control and Comfort Systems
    • Powertrain Systems
    • Infotainment Systems
    • Communication Systems
    • Telematics Systems
  • Vehicle Type
    • Passenger Vehicles
    • Commercial Vehicles
    • Battery Electric Vehicle (BEV)
    • Hybrid Electric Vehicle (HEV)
    • Plug-In Hybrid Electric Vehicle (PHEV)
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Aimotive
    • Airbiquity Inc.
    • Elektrobit
    • Green Hills Software
    • Luxoft
    • Microsoft Corporation
    • NVIDIA Corporation
    • NXP Semiconductors
    • Renesas Electronics Corporation
    • Robert Bosch GmbH

The List of Companies
- Aimotive
- Airbiquity Inc.
- Elektrobit
- Green Hills Software
- Luxoft
- Microsoft Corporation
- NVIDIA Corporation
- NXP Semiconductors
- Renesas Electronics Corporation
- Robert Bosch GmbH

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