Market Updates HD Map Market 2028 - Global Industry Outlook, Size | Page 2

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.
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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Market Segment:
Leading players of HD Map including:
• Here
• TomTom
• Google
• Alibaba (AutoNavi)
• Navinfo
• Mapmyindia
• Sandborn
Market split by Type, can be divided into:
• Network