Published on : Dec 15, 2016
Albany, New York, December 15, 2016: Market Research Hub has announced the addition of a new report to its vast archive of research reports, titled “HD Map Market Size, Status and Forecast 2021”. This research study focuses on the global market of HD maps. Geographically, the report sheds lights on some of the key regions including United States, EU, China, Japan, India and Southeast Asia.
In the introductory section, the report describes HD map overview with its market status and outlook. With the growing technology of high-definition features, HD maps are used in various applications. The report covers the scope of HD maps and describes that the coming generation of HD maps will supply pictorial information along with enough details for computers to make predictive decisions rather than reactive adjustments. At present, there are primarily four types of enterprises which leads the layout in the HD map field- internet firms, auto makers, sensor vendors and digital map providers. The addition of HD maps answers a common request for the facility to increase text-size on higher resolution displays. Internet tycoons in U.S. like Google and UBER have obtained map data resources before producing HD maps based on their own algorithms and cloud computing capabilities.
Until now, maps in cars have been used mainly for navigation purposes, along with applications around points of interest. The resolution of these maps is not accurate enough for autonomous driving. Car makers make their presence in HD maps mainly through M&As and self-building. For example- Toyota adopted on board camera data to build HD maps via crowdsourcing; whereas Mercedes-Benz, Audi and BMW jointly acquired HERE. The major benefit is that, a regular map can position a car’s location to within a meter; whereas, HD maps can acquire location within few centimeters.
Moreover, in China the ground mapping sector is highly confidential which gives a big advantage to Chinese digital map providers. Internet giants like Baidu and Alibaba through acquisitions have occupied an important position in the Chinese map industry. Baidu has purchased RITU, while Alibaba bought AutoNavi.
The report further focuses on the top players of HD map provider in the market such as:
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In this section, company profiles of above market key players along with contact information, gross capacity, product details of each firm, price and cost are covered. The report acts as a vital tool to industries active across the value chain as well as for the new entrants by enabling them to take advantage of the opportunities and develop smart business strategies.
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