Global High-Definition Maps Market Size, Trends, and Growth Opportunity, By Component Type (Hardware, Software, Services), By Hardware Type (Camera, Global Positioning System, LIDAR, and Inertial Measurement Unit, Others), By Services Type (Mapping & Localization, Updates & Maintenance, Advertisement), By End-User (Automotive, Defense & Aerospace, Internet Service Providers, and Others), By Region and Forecast to 2030.
Global High-Definition Maps Market
The Global High-Definition Maps Market was valued at USD 2.4 billion in 2022 and is expected to expand to USD 15.55 billion by 2030, at a CAGR of 23.70% during the forecast period 2023-2030.
High-Definition maps are highly error-free maps that are used in autonomous driving (AD), containing details not generally present on conventional maps. These maps can be precise at a centimeter level. HD maps usually seize using an array of sensors, such as radars, LiDARs, digital cameras, and GPS.
High-Definition maps play a crucial role in autonomous driving modules including simulation, perception, localization, and path planning.
Market Drivers
The increase in developments in autonomous vehicles, and the concept of self-driving cars becoming reality, due to technological advances in microprocessors & radar are boosting the global high-definition maps market. The automotive private sector developments are one of the major factors that drive the HD maps market.
Furthermore, rapid developments in 5G technology, rising smartphone penetration, and a high adoption rate of HD maps for mapping & location purposes are expected to drive the growth of the high-definition maps market over the forecasted period of 2030.
Market Restraints
Limited standardization of HD maps, security & ethical concerns about HD maps, high implementation cost, and poor internet connection from detecting the location, road conditions, and traffic situation in rural areas constrain the high-definition maps market growth.
Market Segmentation
The global high-definition maps market is segmented into component type, hardware type, services type, end-user, and region.
Based on component type, the global high-definition maps market is segmented into hardware, software, and services.
Based on hardware type, the global high-definition maps market is segmented into the camera, a global positioning system (GPS), lidar, an inertial measurement unit, and Others.
Based on services type, the global high-definition maps market is segmented into mapping & localization, updates & maintenance, and advertisement.
Based on end-user, the global high-definition maps market is segmented into automotive, defense & aerospace, internet service providers, and Others.
Regional Analysis
The global high-definition maps market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the global high-definition maps market owing to the strong presence of major key companies and high investment in R&D activities to develop HD maps that are proficient in offering centimeter-level precision.
The Asia-Pacific region is expected to expand at a significant growth rate over the forecast period of 2030 owing to rising investments by startups to develop high-definition maps and high demand for autonomous cars/AD.
Key Players
Various key players are discussed in the global high-definition maps market report including; HERE, TomTom International BV., Google, NavInfo Co., Ltd., The Sanborn Map Company, Inc., CE Info Systems Pvt. Ltd., DEEPMAP, Momenta, Navmii, Mobileye, ZF Friedrichshafen AG, and Others.
For instance, in June 2021, Ford & Hermes, a consumer delivery company, started testing autonomous vehicles (AVs) for delivery. HD mapping companies focus on developing HD maps & other similar solutions for the commercial mobility segment as it provides high growth opportunities for new entities.
Market Taxonomy
By Component Type
• Hardware
• Software
• Services
By Hardware Type
• Camera
• Global Positioning System
• LIDAR
• Inertial Measurement Unit
• Others
By Services Type
• Mapping & Localization
• Updates & Maintenance
• Advertisement
By End-User
• Automotive
• Defense & Aerospace
• Internet Service Providers
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global High-Definition Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global High-Definition Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact Due to Recent Energy Crisis
4.2.5 Cumulative Impact Due Nearing Economic Downturn
4.2.6 Post-Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global High-Definition Market, By Component Type
5.1 Y-o-Y Growth Comparison, By Component Type
5.2 Global High-Definition Market Share Analysis, By Component Type
5.3 Global High-Definition Market Size and Forecast, By Component Type
5.3.1 Hardware
5.3.2 Software
5.3.3 Services
6 Global High-Definition Market, By Hardware Type
6.1 Y-o-Y Growth Comparison, By Hardware Type
6.2 Global High-Definition Market Share Analysis, By Hardware Type
6.3 Global High-Definition Market Size and Forecast, By Hardware Type
6.3.1 Camera
6.3.2 Global Positioning System
6.3.3 LIDAR
6.3.4 Inertial Measurement Unit
6.3.5 Others
7 Global High-Definition Market, By Services Type
7.1 Y-o-Y Growth Comparison, By Services Type
7.2 Global High-Definition Market Share Analysis, By Services Type
7.3 Global High-Definition Market Size and Forecast, By Services Type
7.3.1 Mapping & Localization
7.3.2 Updates & Maintenance
7.3.3 Advertisement
8 Global High-Definition Market, By End User
8.1 Y-o-Y Growth Comparison, By End User
8.2 Global High-Definition Market Share Analysis, By End User
8.3 Global High-Definition Market Size and Forecast, By End User
8.3.1 Automotive
8.3.2 Defense & Aerospace
8.3.3 Internet Service Providers
8.3.4 Others
9 Global High-Definition Market, By Region
9.1 Global High-Definition Market Share Analysis, By Region
9.2 Global High-Definition Market Share Analysis, By Region
9.3 Global High-Definition Market Size and Forecast, By Region
10 North America High-Definition Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 North America High-Definition Market Share Analysis, By Component Type
10.3 North America High-Definition Market Size and Forecast, By Hardware Type
10.4 North America High-Definition Market Size and Forecast, By Services Type
10.5 North America High-Definition Market Size and Forecast, By End User
10.6 North America High-Definition Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe High-Definition Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Europe High-Definition Market Share Analysis, By Component Type
11.3 Europe High-Definition Market Size and Forecast, By Hardware Type
11.4 Europe High-Definition Market Size and Forecast, By Services Type
11.5 Europe High-Definition Market Size and Forecast, By End User
11.5 Europe High-Definition Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific High-Definition Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Asia Pacific High-Definition Market Share Analysis, By Component Type
12.3 Asia Pacific High-Definition Market Size and Forecast, By Hardware Type
12.4 Asia Pacific High-Definition Market Size and Forecast, By Services Type
12.5 Asia Pacific High-Definition Market Size and Forecast, By End User
12.6 Asia Pacific High-Definition Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4 Rest of Asia Pacific
13 Latin America High-Definition Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Latin America High-Definition Market Share Analysis, By Component Type
13.3 Latin America High-Definition Market Size and Forecast, By Hardware Type
13.4 Latin America High-Definition Market Size and Forecast, By Services Type
13.5 Latin America High-Definition Market Size and Forecast, By End User
13.6 Latin America High-Definition Market Size and Forecast, Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East High-Definition Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Middle East High-Definition Market Share Analysis, By Component Type
14.3 Middle East High-Definition Market Size and Forecast, By Hardware Type
14.4 Middle East High-Definition Market Size and Forecast, By Services Type
14.5 Middle East High-Definition Market Size and Forecast, By End User
14.6 Middle East High-Definition Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Egypt
14.6.4 Kuwait
14.6.5 South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market Share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 HERE
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 TomTom International BV.
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Google
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 NavInfo Co., Ltd.
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 The Sanborn Map Company, Inc.
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 CE Info Systems Pvt. Ltd.
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 DEEPMAP
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Momenta
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Mobileye
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 ZF Friedrichshafen AG
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
