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Global Automotive Maps Market - Latest Study Reveals New Growth Dynamics
Automotive Maps Market Latest Edition Published with Forecast to 2028- Jun 22, 2023
- Automobiles
According to the study, Shift to cloud-based services is one of the primary growth factors for the market. The major factor driving the growth of automotive maps market size is the integration of navigation-supported safety features
is also expected to contribute significantly to the Automotive Maps market. Overall, applications of Automotive Maps, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as TomTom(Netherlands), HERE Technologies(Netherlands), Waymo(United States), NVIDIA(United States), NavInfo(China), The Sanborn Map Company (United States), Waymo (United States), Deepmap, Inc. (United States) and Navmii (United Kingdom) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMA’s Analyst on the Global Automotive Maps market identified that the demand is rising in many different parts of the world as "Growing support for open source and standard platforms for application development in automotive infotainment is one of the key trends". Furthermore, some recent industry insights like "In December 2019 Mitsubishi and NTT to buy 30% of self-driving mapping company Here Technologies, a digital map provider. Digital map provider for self-driving cars, in an attempt to compete against Silicon Valley in future mobility services." is constantly making the industry dynamic. One of the challenges that industry facing is "The high cost of mapping equipment"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
• Detailed Overview of Automotive Maps market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Automotive Maps market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Automotive Maps market tight?
• Which application/end-user category or Product Type [HD maps and Ordinary maps] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Automotive Maps market and other related sub-markets covered in the study.
o Key & emerging players in the Automotive Maps market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall Automotive Maps market size is calculated using market estimation process, the Automotive Maps market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Automotive Maps market size has been validated using both top-down and bottom-up approaches.
AMA’s Analyst on the Global Automotive Maps market identified that the demand is rising in many different parts of the world as "Growing support for open source and standard platforms for application development in automotive infotainment is one of the key trends". Furthermore, some recent industry insights like "In December 2019 Mitsubishi and NTT to buy 30% of self-driving mapping company Here Technologies, a digital map provider. Digital map provider for self-driving cars, in an attempt to compete against Silicon Valley in future mobility services." is constantly making the industry dynamic. One of the challenges that industry facing is "The high cost of mapping equipment"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
• Detailed Overview of Automotive Maps market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Automotive Maps market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Automotive Maps market tight?
• Which application/end-user category or Product Type [HD maps and Ordinary maps] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Automotive Maps market and other related sub-markets covered in the study.
o Key & emerging players in the Automotive Maps market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall Automotive Maps market size is calculated using market estimation process, the Automotive Maps market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Automotive Maps market size has been validated using both top-down and bottom-up approaches.
Praveen Kumar
Head & Director of Sales