Globally, North America accounted for the substantial market share of HD map and is estimated to lead the
overall market in the years to come. The reason behind the overall market growth could be the early acceptance
of the latest technology and the presence of key manufacturers in the region. The United States is a major
consumer of HD map in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the
second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest
CAGR in the forecast period. The aspects that may be ascribed to the growth comprise the increasing disposable
income and rising awareness regarding use modern technology. The developing countries like India and China
are the major consumers of HD map in this region. The key players of the HD map market are Sandborn, TomTom
NV, Mapmyindia, Google Inc, NavInfo, and Alibaba. These players are concentrating on inorganic growth to
sustain themselves amidst fierce competition.
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