Global Automotive Maps Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automotive Maps Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Automotive maps, also known as navigation maps or digital maps, are specialized maps designed for use in vehicles, particularly for navigation and location-based services. These maps provide detailed and accurate geographical information to assist drivers in reaching their destinations efficiently and safely. Automotive maps can be displayed on in-car navigation systems, GPS devices, or integrated into mobile applications.

Market Overview:

The latest research study on the global Automotive Maps market finds that the global Automotive Maps market reached a value of USD 3408.08 million in 2022. It’s expected that the market will achieve USD 9677.81 million by 2028, exhibiting a CAGR of 19.0% during the forecast period.

Influence of COVID-19 Outbreak on Automotive Maps Industry Development

According to the statistics of the International Association of Automobile Manufacturers (OICA), the global automobile sales in 2020 was 77.9712 million, which was 13.77% lower than the 90.4237 million in 2019. In 2020, 49 countries around the world produced a total of 77.6216 million vehicles, a decrease of 15.79% compared with 92.1758 million vehicles in 2019. Affected by the global spread of the COVID-19 epidemic, compared with 2019, the world's automobile sales decreased by 13 million vehicles and production decreased by 15 million vehicles, and the production and sales figures were equivalent to those in 2011. It has regressed for nearly 10 years in a year, which has greatly reduced the utilization rate of global automobile production capacity.

The COVID-19 pandemic and its impact on the automotive industry have significantly affected the cooperation between Automotive Maps suppliers and automobile manufacturers. The shutdowns and economic recession resulted in reduced vehicle production and sales, leading to financial challenges for many automobile manufacturers. As a consequence, previously signed cooperation agreements or contracts between map suppliers and manufacturers are at risk of cancellation or delay.

During times of economic uncertainty, automobile manufacturers might prioritize cost-cutting measures, including reevaluating partnerships and delaying the integration of new technologies into their vehicles. This could result in postponing the implementation of Automotive Maps or even canceling agreements altogether to conserve resources.

Furthermore, the decline in consumer demand for new vehicles during the pandemic meant that manufacturers had fewer incentives to invest in advanced digital services, including in-car navigation systems using Automotive Maps. This lack of demand may also have contributed to the reconsideration of integration plans.

However, as the automotive industry begins to recover, there is hope for the resumption of cooperation between Automotive Maps suppliers and automobile manufacturers. As market conditions improve and consumer demand rebounds, there may be renewed interest in equipping vehicles with the latest digital services, including advanced navigation systems. Additionally, as autonomous and connected vehicle technologies continue to develop, the need for high-quality mapping data and services is likely to remain a priority for automobile manufacturers in the long term.

As the automotive industry begins to recover, there is hope for the resumption of cooperation between Automotive Maps suppliers and automobile manufacturers. As market conditions improve and consumer demand rebounds, there may be renewed interest in equipping vehicles with the latest digital services, including advanced navigation systems. Additionally, as autonomous and connected vehicle technologies continue to develop, the need for high-quality mapping data and services is likely to remain a priority for automobile manufacturers in the long term.

Region Overview:

Middle East & Africa had the highest growth rate of all regions in 2022.

In 2022, the share of the Automotive Maps market in North America stood at 35.75%.

Company Overview:

HERE is one of the major players operating in the Automotive Maps market, holding a share of 20.07% in 2023.

HERE

HERE is a company providing mapping, navigation, and location solutions. It develops a platform that features mapping content, a marketplace, as well as an integrated suite of solutions, services, and development tools. The company serves the automotive, public sector, infrastructure, transportation, and logistics sectors.

TomTom international

The Company develops location technology. The Company designs maps, navigation software, real-time traffic information, and other services. It’s decades of driver insights go into everything it does, such as maps for automated driving, navigation software for top car brands, maps APIs for leading tech companies and traffic data for all.

Segmentation Overview:

The HD Maps segment by type showed a value growth of 8.63% in 2022.

Among different product types, HD Maps segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Passenger cars segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Automotive Maps market covered in Chapter 3:

NVIDIA
TomTom international
Sygic
Garmin
NavInfo
Alphabet
Mapbox
Zenrin
HERE

In Chapter 4 and Chapter 14.2, on the basis of types, the Automotive Maps market from 2018 to 2029 is primarily split into:

HD Maps
Ordinary Maps
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automotive Maps market from 2018 to 2029 covers:

Passenger cars
Commercial vehicles

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)