HD Maps for Autonomous Vehicle Market: Current Analysis and Forecast (2022-2030)

HD Maps for Autonomous Vehicle Market: Current Analysis and Forecast (2022-2030)

A high-definition map is a precisely accurate map used in autonomous vehicles and contains features that are not normally present on traditional maps. The autonomous vehicle is no more futuristic, major companies operating in the industry have launched several cars in various regions and these vehicles bring a wide range of benefits in the near future from reduced accidents and reduced traffic congestion to uplift transportation accessibility. As these maps are comprised of different data sources including Global Navigation Satellite Systems (GNSS), radar, IMUs, cameras, and LiDAR to operate in complex environments more safely and effectively than human drivers. In recent years, the demand for hd maps in autonomous vehicles has risen dramatically due to the growing demand for autonomous vehicles in the market, and the increasing number of partners with multiple software and map-making firms to develop innovative and technologically advanced products. As major players in the market are focusing on research and development of autonomous technology as it has increased efficiency, eliminated human errors, reduction of congestion which has further skyrocketed the demand for HD maps for autonomous vehicles in the market. For instance, in 2022, General Motors stated at CES 2022, the company has upped its combined investment in electric and driverless vehicles to USD 35 billion, including USD 1 billion for autonomous vehicles, and the Super Cruise advanced driver assistance is available in the Cadillac Escalade, Cadillac CT4, Cadillac CT5, Chevrolet Silverado, GMC Hummer EV, and GMC Sierra created the demand for HD maps in autonomous vehicle market.

The HD Maps for Autonomous Vehicle Market is expected to grow at a steady rate of around 32% owing to the burgeoning adoption of autonomous vehicles. Additionally, the big giant’s involvement in investment for advanced navigation systems, driver assistance, and automated driving has catered to the demand for hd maps for autonomous vehicles. Moreover, the growing adoption of ADAS features in the vehicle has forced manufacturers to incorporate advanced mapping specifications for safety purposes raising the demand for hd maps for the autonomous vehicle market. For instance, in 2021, NVIDIA a US-based company involved in the development and deployment of software-defined autonomous vehicles acquired DeepMap, to expand its mapping products. DeepMap is a startup dedicated to building high-definition maps for autonomous vehicles to navigate the world safely.

• Based on service type, the market is segmented into mapping, localization, update and maintenance, and advertisement. The localization category is currently dominating the market and is expected to see the same trend in the forecast period. The major factor that has shaped the growth of this segment is its accurate and precise positioning and orientation in real-time, which is fundamental to the functioning of autonomous vehicles. These vehicles require the surrounding environment information such as traffic controls, roadway geometry, and other objects, in order to perform planning and control with the help of a bunch of sensors, cameras, radars, and lidars. Moreover, these sensors cannot detect the physical environments that are blocked by other vehicles, to bypass this problem hd maps are used in the autonomous vehicle. Additionally, these maps are accessing information about the surroundings and stored on maps further improving the overall experience of the passengers
• Based on vehicle type, the market is segmented into passenger vehicles and commercial vehicles. The passenger vehicle segment holds the major share of the global market. As the autonomous vehicle is still in the developing phase, the major players in the market are looking to develop the passenger segment rather than commercial vehicles. Moreover, passenger vehicles tend to have a large consumer base and are often purchased by individuals for commuting purposes as the total number of individuals who require personal transportation for daily commuting is larger than businesses and organizations that require commercial vehicles for their operations
• On the basis of the solution, the market is categorized into cloud-based and embedded. Among these, the cloud-based segment is expected to hold a significant share of the market in 2022 and is expected to perform the same in the forecast period. This is mainly due to the cloud-based having an interactive user interface with more loaded features compared with embedded maps which are more static in nature. The main objective of this map is to provide routing information from points A to B and add contextual graphic information to aid user interpretation of the guidance services
• On the basis of usage type, the market is bifurcated into personal mobility and commercial mobility. Among these, personal mobility is currently dominating the market and is expected to dominate in the forecast period, owing to the increased adoption of autonomous vehicles for personal usage purposes around the world. The personal mobility segment has been focused on for longer, with the big giants like Tesla, Ford, and BMW continuously developing new technology for personal mobility as it targets the general population’s transportation mode
• Based on the level of autonomy, the hd maps for the autonomous vehicle market have been classified into semi-autonomous(L2, L3), and fully autonomous(L4, L5). The semi-autonomous is currently leading the market as the fully-autonomous vehicle is still in the developing and testing phases, thus the semi-autonomous have a wide customer base. As the fully autonomous segment is still in the testing phase, more people believe that semi-autonomous vehicles are more safe and more reliable and improve the driving experience with the intervention of humans. HD maps play an important role in ensuring the safety and reliability of the semi-autonomous driving system that provides precise and accurate positioning and orientation.
• For a better understanding of the market adoption of HD maps for the autonomous vehicle industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Mexico, Rest of North America), Europe (Germany, U.K., France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World. The Asia Pacific region is projected to be the fastest growing region in the forecast period as the region is going through the heavy automotive expanding industry with major big giants such as Hyundai, BYD, Mahindra, and others. Moreover, countries such as China and India have increased their investments in research and development, which also supports government policies that have propelled the growth of HD maps for autonomous markets. For instance, in August 2021, China revamped its regulations on driverless car testing allowing qualified firms to conduct trials of autonomous vehicles used for transporting passengers and goods on highways and city roads in an attempt to accelerate the commercialization of self-driving technology. Furthermore, the region is a hub for IT infrastructure and home to various OEMs such as Navinfo and Momenta that develop technologically advanced maps and collaborate with companies like HERE and Analog Devices, boosting the growth of HD maps for the autonomous vehicle market.
• Some of the major players operating in the market include TomTom International BV; HERE; Nvidia Corporation; Dynamic Map Platform Co., Ltd.; The Sanborn Map Company, Inc.; Mapbox; Waymo LLC; Civil Maps; Woven by Toyoyta; and Navinfo.

The HD maps for autonomous vehicle market was valued at USD XX Million in year 2022 and expected to grow at a strong CAGR of around 32% during the forecast period (2023–2030) owing to the burgeoning adoption of autonomous vehicles globally. An autonomous vehicle, or a driverless vehicle is able to operate itself and perform all the necessary functions without any human intervention, through its ability to sense its surroundings. The demand for autonomous vehicles has grown rapidly in the last few years owing to the development in radar and technology and various types of sensors, and microprocessors that lead to take decisions based on self-improving algorithms. Moreover, the normal vehicle has a very high chance of meeting with accidents due to human poor decision management which cause the majority of deaths in a road accident, which is completely eliminated in an autonomous vehicle. For instance, in 2021, according to the National Highway Traffic Safety Administration, distracted driving is dangerous and claims 3,522 lives in road accidents. Furthermore, autonomous vehicle has lots of advantages over normal vehicles such as improved safety, ADAS, better traffic management, and emissions further catered the demand for conventional vehicles. Therefore, the growing adoption of autonomous vehicles propels the demand for HD maps for an autonomous market in the coming years.

Some of the major players operating in the market include TomTom International BV; HERE; Nvidia Corporation; Dynamic Map Platform Co., Ltd.; The Sanborn Map Company, Inc.; Mapbox; Waymo LLC; Civil Maps; Woven by Toyoyta; and Navinfo. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst service types, the localization segment held a dominating share of the market in 2021”

Based on service type, the market is segmented into mapping, localization, update and maintenance, and advertisement. Amongst these, the Localization category is currently dominating the market and is expected to see the same trend in the forecast period. The major factor attributed to the growth of the segment owing to its accurate and precise positioning and orientation in real-time as it is the fundamental to functioning of autonomous vehicles. As these vehicles require the surrounding environment information such as traffic controls, roadway geometry, and other objects, in order to perform planning and control with the help of a bunch of sensors, cameras, radars, and lidars. Moreover, these sensors cannot detect the physical environments that are blocked by other vehicles, to bypass this problem HD maps are used in the autonomous vehicle. Additionally, these maps are accessing information about the surroundings and stored on the map further improving the overall experience of the passengers.

“Amongst vehicle type, the passenger vehicle held the majority share of the market in 2021”

By distance, the market is bifurcated into passenger vehicles, and commercial vehicles. Among them, short distance captured the majority share of the HD maps for the autonomous vehicle market in 2021. As the autonomous vehicle is still in the day developing phase, the major players in the market are looking to develop the passenger segment rather than commercial vehicles. Moreover, passenger vehicles tend to have a large consumer base and are often purchased by individuals for commuting purposes the total number of individuals who require personal transportation for daily commuting is larger than businesses and organizations that require commercial vehicles for their operations.

“Amongst solutions, the cloud-based segment held a significant share of the market in 2021”

On the basis of the solution, the market is categorized into cloud-based and embedded. Among these, the cloud-based segment is expected to hold a significant share of the market in 2022 and is expected to perform the same in the forecast period. This is mainly due to the cloud-based having an interactive user interface with more loaded features compared with embedded maps which are more static in nature. The main objective of this map is to provide routing information from points A to B and add contextual graphic information to aid user interpretation of the guidance services

“The Asia Pacific region is the fastest growing market for HD maps for autonomous vehicles in 2021”

The Asia Pacific region is projected to be the fastest growing region in the forecast period as the region is going through the heavy automotive expanding industry with major big giants such as Hyundai, BYD, Mahindra, and others. Moreover, the countries such as China, and India have increased their investment in research and development, which too support government policies and have propelled the growth of HD maps for the autonomous market. For instance, in August 2021, China revamped its regulations on driverless car testing, allowing qualified firms to conduct trials of autonomous vehicles used for transporting passengers and goods on highways and city roads, in an attempt to accelerate the commercialization of self-driving technology. Moreover, the region is a hub for IT infrastructure with the home of various OEMs such as NavInfo, and Momenta that develop technologically advanced maps and shake hands with companies like Here, and Analog Devices that boost the growth of the HD maps for the autonomous vehicle market.

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