The automotive digital mapping is rapidly gaining traction with the increasing innovations in sensors, processing power, and digital maps in the automotive industry. Increasing penetration and growing popularity of location-based services are positively influencing the use of digital mapping in the automotive industry. Technology-savvy customers are moving towards autonomous vehicles supporting advanced features. This factor is encouraging players to invest in related technologies in the forecast period.
MARKET DYNAMICS
The automotive digital mapping market is projected to robust growth in the forecast period owing to driving factors such as advancements in technology and a growing number of connected cars. Furthermore, the increasing usage of 3D platforms is expected to boost market growth in the future. However, strict regulations concerning security and privacy may hamper the growth of the automotive digital mapping market during the forecast period. On the other hand, rising demand for real-time data mapping is expected to offer lucrative growth opportunities for key market players in the coming years.
MARKET SCOPE
The "Global Automotive Digital Mapping Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of automotive digital mapping market with detailed market segmentation by component, application, and geography. The global automotive digital mapping market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive digital mapping market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global automotive digital mapping market is segmented on the basis of component and application. Based on component, the market is segmented as solution and services. On the basis of the application, the market is segmented as autonomous cars, advance driver assistance systems (ADAS), and fleet management.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive digital mapping market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive digital mapping market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive digital mapping market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the automotive digital mapping market in these regions.
MARKET PLAYERS
The reports cover key developments in the automotive digital mapping market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from automotive digital mapping market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive digital mapping in the global market. Below mentioned is the list of few companies engaged in the automotive digital mapping market.
The report also includes the profiles of key automotive digital mapping companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Apple Inc.
- ARC Aerial Imaging Limited
- Esri Global, Inc.
- Google LLC
- HERE Global B.V.
- MapQuest (AOL)
- MiTAC Holdings Corp
- Mitsubishi Electric Corp.
- Nearmap Ltd
- Tomtom NV
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.