The HD maps for autonomous vehicles market, by value, is estimated to be USD 1.4 billion in 2021 and is projected to reach USD 16.9 billion by 2030, at a CAGR of 31.7% from 2021 to 2030. The key factors that drive this market include the increasing investment by OEMs and tier-1 suppliers into HD mapping companies and collaboration between various HD mapping companies to offer a standardized HD map product across all regions. The HD map market is dominated by global players such as TomTom (the Netherlands), HERE Technologies (the Netherlands), NVIDIA (US), Waymo (US), and NavInfo (China). A large number of startup companies such as Fixposition (Switzerland), Point One Navigation (US), Geo Digital (Canada), and CivilMaps (US) also has increased the competition in this market space.
OEMs across the globe are investing in the development of autonomous vehicles. Although level 5 fully autonomous vehicles are not expected to be commercially available until 2025, many of the associated technologies have already been developed, and thousands of patent applications have been filed to secure the intellectual property rights. In November 2018, the European Patent Office (EPO) released a report which stated the annual patent applications relating to Self-Driving Vehicles increased by more than 330% compared with 2011, a growth rate that is more than 20 times faster than that for patent applications in general at the EPO in the same period.
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NVIDIA is one of the leading AI-based service providers in the autonomous driving technology space. The company was established in 1993 and has its headquarters in California, US. The company had an employee strength of 13,277 as of January 2019. NVIDIA offers its products through Gaming, Professional Visualization, Datacentre, Automotive, and OEM & IP business segments. The Automotive segment is further segmented into Cockpit Infotainment Solution, AV Platform, and Associated Development Agreement. Nvidia provides end-to-end mapping for autonomous cars. It offers Nvidia Drive PX and Nvidia DGX-1, which help to create and update highly detailed HD maps for autonomous vehicles. The company is following collaboration and joint venture strategy to gain traction in the growing market of autonomous vehicle technology and HD maps. NVIDIA collaborated with leading HD map providers such as TomTom, Zenrin, and HERE. The company also collaborated with leading players such as Continental, Baidu, and ZF in autonomous vehicle technology. NVIDIA’s business is spread across the globe. The manufacturing of product components and the final assembly of the products are mainly concentrated in countries such as Taiwan, China, and South Korea.
TomTom is one of the leading mapping solution providers. The company has a strong product offering for the development of autonomous driving technology. The company was established in 1991 and has an employee strength of 5,948, with its headquarters situated in Amsterdam, Netherlands. TomTom offers its mapping products for automotive and enterprise and fleet management solutions. TomTom offers more detailed, accurate, and up-to-date maps using its highly efficient hybrid approach, which combines professional map making method and community input (crowdsourcing). TomTom in September 2019 launched an autonomous test vehicle incorporated with HD map, Roadagrams, TomTom AutoStream, and map streaming services along with eight laser scanners, stereo cameras, and six radars which help in providing 360-degree view. This also helps in increasing its accuracy down to a few centimeters. At the Geneva International Motor Show in Switzerland, TomTom announced that it joined hands with ten leading OMEs for HD mapping. The company released an HD map “horizon,” and will supply traffic and navigation services to the VW Group and FCA. TomTom has a presence across 29 countries and holds its maximum markets share in Europe and North America. TomTom’s HD Map covers 400,000 km across Europe, US, South Korea, and Japan.
HERE Technologies is one of the leading companies that provide HD mapping solutions for autonomous driving. The company was established in 1985, with its Headquarters situated in Amsterdam, Netherlands. The company has around 7,810 employees. The company offers solutions to the automotive, defence, insurance, internet & media, mobile payments, public safety, public sector & infrastructure, telecom & utilities, and transportation & logistics segments. The self-healing maps of HERE analyze data from sensors from OEM fleet in real-time and satellite imagery, which help to update the map and keep it reliable. HERE Technologies has partnered with top automotive manufactures such as Daimler and BMW Group, which has enabled them to showcase their product to the global public. The key factor that sets apart HERE HD LIVE Map from the rest of the HD mapping solution is its increased safety and precision
HD Map for Autonomous Vehicles Market by Solution (Cloud-Based & Embedded), LOA(L2, L3, L4, & L5), Usage (Passenger & Commercial), Vehicle Type, Services (Advertisement, Mapping, Localization, Update & Maintenance), & Region - Global Forecast to 2030
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