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Report overview
The global HD Map for Autonomous Vehicle market was valued at US$ 1626.6 million in 2022 and is projected to reach US$ 4739.9 million by 2029, at a CAGR of 16.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
As an integral part of the system, High Definition (HD) Maps bring functions such as high-precision localization, environment perception, planning and decision making, and real-time navigation cloud services to autonomous vehicles.
Despite the laborious and expensive process involved, startups, big tech, and even auto-parts manufacturers are increasingly investing in the production of HD Maps. This spring Baidu?s million-dollar mapping vehicles began accurate and precise localization and data collection in a 20-km (12-mile) radius of a Beijing park for centimeter-specific HD Maps. The team spent five days on fixed GPS, and a half day driving the area 5 to 10 times with a 64-channel LiDAR system.
Competition is especially intense among startups, where funding and finding an effective strategy are critical for early-stage business growth. HD Mapping startups have turned to crowdsourcing, sought to lower the cost of HD mapping software and hardware, or focused only on technical services for HD Map development.
This report aims to provide a comprehensive presentation of the global market for HD Map for Autonomous Vehicle, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding HD Map for Autonomous Vehicle. This report contains market size and forecasts of HD Map for Autonomous Vehicle in global, including the following market information:
Global HD Map for Autonomous Vehicle Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Cloud-Based Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of HD Map for Autonomous Vehicle include NavInfo Co.,Ltd, TomTom, HERE Technologies, Electrobit, Intellias, Mapscape, Waymo, NVIDIA and Esri, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the HD Map for Autonomous Vehicle companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
