HD Map Market Key Players, Trends, Growth Opportunities and
Industry Forecast till 2028
“The factors that are playing a major role in the growth of
High Definition (HD) map market are the growing trend of
self-driving cars, the availability of self-driving car renting
services, and acceptance of the latest technology.”
Global HD map market is expected to grow at a significant CAGR in the upcoming period as the scope and its
applications are rising enormously across the globe. HD map is also termed as high definition maps mainly built
for the self-driving purpose. This map comprises a tremendously high accuracy at centimeter-level, as robots
need detailed instructions on how to operate themselves around the 3D space.
The factors that are playing a major role in the growth of High Definition (HD) map market are the growing trend
of self-driving cars, the availability of self-driving car renting services, and acceptance of the latest technology.
However, poor internet connection, the high cost, and lack of knowledge regarding self-driving in the developing
nations may restrain overall market growth in the years to come. HD map market is segmented based on
component, sensor, industry, and region.
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Software and hardware are the components that could be explored in the HD map market in the forecast period.
Hardware is easily visible as there are several sensors around its rooftop. Based on sensors, radars, cameras, an
inertial measurement unit (IMU), LiDAR, and GPS could classify HD map in the forecast period. LiDAR plays
important role in mapping distance or depth in a 3D space. The market may be categorized based on industry
such as sensor vendors, automakers, digital map providers, internet firms, and others could be explored in the
forecast period.