Global 3D Map Systems for Automotive Market - 2022-2029

Global 3D Map Systems for Automotive Market - 2022-2029

Market Overview

3D Map Systems for Automotive Market reached around US$ XX million in 2021 and is expected to achieve significant growth by reaching up to US$ XX million by 2029, growing at a CAGR of YY% during the forecast period (2022-2029).

Vehicle navigation is crucial as it informs the driver of uncharted territory. The usefulness and usability of maps have increased with the advent of 3D navigational maps.

3D maps give the driver a more precise view of the surroundings. Accurate navigation, location determination and more pleasant driving are all aided by 3D maps. Any autonomous vehicle, including vehicles, trucks, mobile robots, drones and other pilotless aircraft, must be able to see its surroundings and respond appropriately.

Market Dynamics

The ability of 3D maps to understand all dimensions of their surroundings due to rising technological advancements globally, higher cost of developing 3D maps and the requirement for constant upgrading are major market drivers for the global 3D map systems for automotive market. However, high initial investment costs could be a major market restraint.

The ability of 3D maps to understand all dimensions of their surroundings due to rising technological advancements globally

In the fields of navigation and engineering, three-dimensional maps sparked a revolution. The benefit of 3D maps is that they provide an understanding of all dimensions in the surroundings, allowing designers to produce accurate designs by examining them. In Columbia County, U.S., three-dimensional mapping technology enhances data accuracy and public services. U.S. has invested in eight panoramic high-resolution 3-D images, totaling 1,100 linear miles and almost 2,500 streets, of its complete road network to create virtual maps for planning projects, code enforcement difficulties and emergencies. Further, the county employees integrated the photos with already-existing GIS data.

The Mars Collection System, consisting of a sophisticated camera setup and a software program, was used to generate 3-D photographs. The business traveled to Columbia County in August and photographed each route inside the county's boundaries. Eight images representing the county's complete street coverage, including latitude, longitude and elevation information, stored in each pixel of the photographs were used by the respective technology.

Further, Earthmine, a California-based provider of mobile mapping technology, created the suite. The 3-D maps provide county personnel with a virtual picture of street infrastructure that planners and other county officials can edit when combined with GIS data. Users of earthmine's program users can utilize the straightforward ""viewer version"" to view the 3-D maps. GIS users can also import the maps into geospatial tools such as Esri's ArcMap, while advanced users can use the 3-D renderings in AutoCAD as a backdrop for development design ideas.

Higher cost of developing 3D maps and the requirement for constant upgrading

One of the ways 3D mapping helps automobiles is by relieving them of the load of building their maps in real time. Because producing 3D maps requires a lot of computing power, pre-built 3D maps effectively offload this computation-intensive job from the autonomous vehicle. When a 3D map is provided, the vehicle may focus on identifying and tracking objects within it rather than having first to survey the surroundings to identify anything within them.

Before a 3D map can be made, a vehicle must travel to the area to map and gather data required for autonomous vehicles. The raw video data will then be converted into an ADAS-compatible format. Due to the significant investment needed to scout, create and convert 3D maps, 3D map systems are more expensive than 2D map systems. Furthermore, timely updates are necessary for data accuracy, which adds to the cost of internet data usage. Therefore, The market is severely constrained by the higher cost of 3D maps and the requirement for constant upgrading.

COVID-19 Impact Analysis

The market for automobiles and 3D map systems for automotive has significantly fallen globally due to multiple manufacturing facilities being closed for months owing to the COVID-19 epidemic. Furthermore, numerous countries have reduced production activity due to the COVID-19 epidemic. The massive lockdown imposed by the COVID-19 epidemic caused a sudden drop in consumer interest in purchasing goods. Also, disruption of the supply chain management of those products has significantly influenced the market for those products.

COVID-19 has significantly harmed the automobile sector's expansion due to the suspension of Chinese part exports, the broad disruption of European manufacturing and the closure of American assembly plants. However, the automotive sector and 3D map systems for cars are making a significant comeback due to the rising adoption of cars brought on by the pandemic's penned-up demand and rising disposable income among the middle-class population.

Segment Analysis

The global 3D map systems for automotive market is classified based on system, navigation, vehicle, sales channel and region.

The inability of 2D navigation systems to accurately predict the environment and the growing demand for highly acurate navigation systems in passenger vehicles

According to data, there were 5,59,08,989 passenger cars produced globally in 2020 and 5,70,54,295 in 2021. Similarly, passenger car sales increased from 5,39,17,153 units in 2020 to 5,63,98,471 units in 2021. Today, some of the most popular passenger vehicles are the hatchback, executive sedans, SUVs, cabriolets, limousines and sports cars. Executive sedans predominate in the passenger automobile market since they are the most sold luxury vehicle globally. In Q1 2022, for instance, the Tesla Model S topped the list with 159,470 sales, a 29 percent market share and a 22-spot increase. The BMW 5 Series, the previous market leader, has sold 80,254 vehicles (14.6 percent share).

With more than 7 million sales worldwide, the 5 Series is the second-best-selling BMW model ever. The Mercedes E Class earned the third position, which sold 70,384 vehicles (12.8 percent market share). The Hyundai Verna executive sedan sold 1,181 units in the Indian market as of May 2021, outpacing competitors like the Honda City and Maruti Suzuki Ciaz to take the top spot. The Hyundai Verna represented more than 34% of the segment's volume in May this year. The Honda City is the most advanced and feature-rich car in its class.

Since 2D map systems cannot accurately depict the surrounding environment, which frequently results in incorrect navigation, 3D map systems have revolutionized the field of navigation. As a result, manufacturers and users of passenger cars place a high priority on using 3D map systems, which has a positive impact on the market share of these vehicles.

Geographical Analysis

The growing interest in off-roading and adventurous driving and the emergence of autonomous vehicles

North America is a highly industrialized region at the forefront of various major industries, primarily due to U.S. It is a major leader in the information technology sector. The demand for 3D map systems is primarily driven in the region by factors such as accuracy, a wider variety of information, rising tourism, more ride-hailing, growing interest in off-roading and adventurous driving and the growing attractiveness of tracking and hiking. Further, even though there are no fully autonomous vehicles on the road, the market for them is rapidly expanding in North America, particularly in U.S. For instance, Waymo operates in more than 300 autonomous vehicles with safety drivers in a 100-square-mile service area that includes the communities of Mesa, Chandler, Tempe and Gilbert. Additionally, legislation establishing common AV requirements for autonomous vehicles was passed by the House of Representatives of more than 41 states.

It is anticipated that autonomous vehicles, currently undergoing road testing, would need live HD maps, constantly updated to gather information on accidents, weather, road closures and live traffic. Since maps offer a lot of promise to improve ease and safety on the road and are a crucial ""missing link"" in the development of tomorrow's autonomous automobiles, the respective maps must be extremely accurate and current for completely autonomous vehicles. 3D maps provide the driver with a more accurate map of the area by displaying extensive information about the road surroundings as well as road structure, such as information about the surroundings like bridges, work in progress on the road and surrounding road and terrain areas. The increasing use of autonomous vehicles in North America may create numerous opportunities for the North America 3D Map Systems market.

Competitive Landscape

The global 3D map systems for automotive market is growing and becoming increasingly competitive due to the presence of major players such as BAE Systems Plc.; Ni-ppon Seiki Co. Ltd.; TomTom International BV; Elektrobit; Axestrack; Dynamic Map Platform Co., Ltd.; NVIDIA Corporation; Continental AG; HERE and Robert Bosch GmbH. The market is fragmented and market players employ key strategies such as mergers, acquisitions, product launches, contributions and collaborations to gain a competitive advantage and recognition.

Robert Bosch GmbH

Overview: The company is a supplier of technology and services and operates in four different divisions, including energy and building technology, mobility solutions, industrial technology and consumer goods. The company has around 402,600 associates as of December 2021 and provides innovative solutions for smart homes, industry 4.0 and connected mobility. It has 440 subsidiaries and regional companies in almost 60 countries, including sales and service partners and a presence in more than 400 locations.

The company employs 76,100 associates in research and development, including more than 38,000 software engineers. The company has adopted the strategy to promote connected living and the use of artificial intelligence and it also serves its customers through different brands.

Product Portfolio:
• SmartphoneHub: The solution can support users before and after their trip and connect an automobile to a smartphone. The program successfully directs users to their destination using 2D and 3D map views and voice navigation may be used if desired.

Key Development:
• The purchase of Atlatec, a company that develops high-resolution 3D maps for use in vehicles with Level 3 or Level 4 automated technology, was announced by Bosch on February 24, 2022.

Why Purchase the Report?
• To visualize the global 3D map systems for automotive market segmentation based on system, navigation, vehicle, sales channel and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the global 3D map systems for automotive market by analyzing trends and co-development.
• Excel data sheet with numerous data points of 3D map systems for automotive market-level with four segments.
• PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as excel consisting of key products of all the major market players

The global 3D map systems for automotive market report would provide approximately 69 tables, 63 figures and almost 179 pages.

Product Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies