Automotive Digital Mapping Market Will Generate Record Revenue by 2029

The global automotive digital mapping market is anticipated to grow at a significant CAGR of 12.5% during the forecast period (2023-2030). Advanced mapping software launches to promote autonomous driving is one of the key factors driving the market growth. For instance, in January 2023, Luminar, an automotive technology development company launched high-definition, 3D maps that update automatically and are built from production vehicles also powered by Luminar software and hardware. In the same month, HERE introduced UniMap to revolutionize how maps are created, updated and used. UniMap produces up-to-date, comprehensive and unified map content at scale to serve automated driving, smart logistics and enterprise applications.

Further, in March 2022, Nvidia Corp. launched a new mapping platform to provide the autonomous vehicle industry with ground truth mapping coverage of over 300,000 miles of roadway in North America, Europe and Asia-Pacific by 2024. The platform, dubbed Drive Map, is geared toward enabling high levels of autonomous driving. Drive Map isn’t only open to existing Nvidia customers, but it does augment the company’s existing solutions for the AV industry. All of the data pulled from Nvidia customers is being constantly uploaded to the cloud as vehicles drive. It’s then aggregated and loaded onto Nvidia’s Omniverse, the company’s open platform built for virtual collaboration and real-time physically accurate simulation, and used to update the map so vehicles can achieve proper localization. In the process, Nvidia is able to more quickly scale its mapping footprint.

To Request a Sample of our Report on Automotive Digital Mapping Market:  https://www.omrglobal.com/request-sample/automotive-digital-mapping-market

Market Coverage

•                 The market number available for – 2022-2030

•                 Base year- 2022

•                 Forecast period- 2023-2030

Segment Covered- 

•                 By Component

•                 By Application 

Regions Covered-

•                 North America

•                 Europe

•                 Asia-Pacific

•                 Rest of the World

Competitive Landscape- including Apple Inc., MapQuest Inc., Google LLC, TomTom International BV, and HERE Technologies among others.

Automotive Digital Mapping Market Report Segment

By Component

•                 Solution

•                 Services

By Application

•                 Autonomous Cars

•                 Fleet Management

•                 Advance Driver Assistance Systems (ADAS)

A full Report of Automotive Digital Mapping Market is Available @  https://www.omrglobal.com/industry-reports/automotive-digital-mapping-market

Automotive Digital Mapping Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

•                 ARC Aerial Imaging Inc.

•                 CE Info Systems Ltd.

•                 ESRI Inc.

•                 INRIX Inc.

•                 Maxar Technologies Inc.

•                 Meta Platforms Inc.

•                 Micello Inc.

•                 MiTAC Holdings Corp.

•                 Nearmap Ltd. 

•                 NVIDIA Corp.

•                 ServiceNow Inc.

•                 ThinkGeo LLC

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1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

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About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

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