LONDON--(BUSINESS WIRE)--According to the latest market research report released by Technavio, the global Automotive HD Maps market is expected to accelerate at a CAGR of nearly 14% during the forecast period. Companies working on expanding the autonomous driving concept is one of the key factors triggering the growth of the market.
This research report titled ‘Global Automotive HD Maps Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global automotive HD maps market into the following end-user segment:
- Passenger cars
- Commercial vehicles
In 2017, the passenger cars segment accounted for 98% of the global market and is expected to decline to 92% by 2022, exhibiting almost 6% decrease in market share.
Global automotive HD maps market: Top emerging trend
Adoption of high bandwidth automotive networks is an emerging trend in the automotive HD maps space. Presently, most vehicles use controller area network (CAN) and local interconnect network for networking in the vehicle. The main reasons for the popularity of these networking technologies are low cost and high flexibility. In CAN, nodes can be added and removed without the need to add a special-purpose device, such as a switch in the network. Another benefit is that there are no limits on the order of connection of devices.
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Technavio’s report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Automotive HD Maps Market Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by end-user (passenger cars and commercial vehicles)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (HERE, Intel, NVIDIA, and TomTom)
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