The analysts forecast the global automotive maps market to grow at a CAGR of 9.56% during the period 2018-2022.
Digital mapping is a process of compiling collected data to produce maps in the form of virtual images, which accurately represent a geographical area, major roads, rivers, and important landmarks such as airports, tourist attractions, and hospitals in and around the region.
One trend in the market is increased support for open source and standard platforms for application development in automotive infotainment. Traditionally, the competition among the automotive manufacturers was limited to the towing capacity, acceleration, and horsepower of the vehicle. But, recently, there has been a shift in the focus of consumers and OEMs from under the hood to behind the dashboard of the vehicle.
One driver in the market is integration of navigation-supported safety features. The rise in the number of vehicles on road has increased accident rates globally, with fatalities reaching 1.3 million per year in 2017. This has created demand for more safety systems and technology for drivers, passengers, and pedestrians.
The report states that one challenge in the market is high cost of mapping equipment. Increasing competition among the top vendors in the global automotive maps market is resulting in constant innovations in map development. The developers invest heavily on surveying technologies, advanced image sensing technologies, HD cameras for recording, image and video storage, data processing and mapping techniques.
The market is divided into the following segments based on geography:
- TomTom international
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Market Segmentation By Product
8: Customer Landscape
9: Regional Landscape
10: Decision Framework
11: Drivers And Challenges
12: Market Trends
13: Vendor Landscape
14: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/2z3g87/global_automotive?w=4