Automotive Digital Mapping Market Size analysis with Key Players Applications Trends and Forecasts by 2024

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Apr 20, 2020 (The Expresswire) -- Global "Automotive Digital Mapping Market" report is an overview of the global market is provided with prime focus on factors boosting and hampering market. This will help investors get a clear understanding on which aspects to focus on and how to economically support the market globally. The impact of prevailing regulatory scenario on both regional and worldwide Automotive Digital Mapping market is provided detail in this report.

Market Overview:

The automotive digital mapping market is expected to register a CAGR of 12.75%, over the forecast period 2019-2024. Digital maps have been used extensively in recent times for various location-enabled applications, such as Google Earth, Google Maps, and Foursquare. The technology, however, is mainly recognized and used in GPS satellite networks, which form a significant component of the standard automotive navigation systems.

- The increasing adoption of connected cars and the rapid deployment of high-speed communication networks across geographies is driving the growth of the market over the forecast period.

- Also, the machine-to-machine (M2M) platform consolidation is leading to increased revenues due to the low initial investment. The use of LBS technology (in coordination with digital maps) in business operations pertaining to logistics and the automotive industry is increasing considerably.

- The deployment of long-term evolution (4GLTE) technologies in the automotive sector is a major reason for the increased adoption of IoT solutions, since, the sector has been witnessing a growing trend in favor of intelligent cars and transport systems, which use the Internet of Things (IoT) technology to enhance safety and functionality in vehicles with complete in-built systems.

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this Automotive Digital Mapping market industry report:

Google LLC

Apple Inc.

Micello Inc.

HERE Technologies

TomTom N.V.

ARC Aerial Imaging Inc.

Mapquest Inc.

ESRI Inc.

MiTAC Holdings Corporation

Nearmap Ltd.

Scope of the Report:

The automotive industry has been at the forefront of innovation and has been proactively adopting technology to provide an enhanced experience to the end-user. Digital mapping as the process in the collection of data is compiled to produce maps, in the form of virtual images, which accurately represent a particular geographical area, major roads, rivers, and important landmarks, such as airports, tourist attractions, and hospitals in and around the region. The digital mapping technology can also be used to calculate distances between different places.

Market Dynamics:

Drivers: (Developing regions and growing markets)

Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)

Opportunities: (Regional, Growth Rate, Competitive, Consumption)

The report provides key statistics on the market status of the Automotive Digital Mapping Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Automotive Digital Mapping .

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Key questions answered in the report include:

What will the Automotive Digital Mapping market size and the growth rate be in 2024?

What are the key factors driving the global Automotive Digital Mapping market?

What are the key market trends impacting the growth of the global Automotive Digital Mapping market?

What are the challenges to Automotive Digital Mapping market growth?

Who are the key vendors in the global Automotive Digital Mapping market?

What are the market opportunities and threats faced by the vendors in the global Automotive Digital Mapping market?

Trending factors influencing the Automotive Digital Mapping market shares of the relevant regions.

What are the key outcomes of the five forces analysis of the global Automotive Digital Mapping market?

Key Market Trends:

Solution Component is Expected to Hold the Major Market Share

- The increasing use of cloud-based solutions by content providers is supporting the automotive digital mapping market. - The increase in demand for digital signage solutions among consumers is responsible for the adoption of M2M products and services in the business transport segments.- Moreover, strategic alliances between mobile operators, hardware providers, map providers, and application developers are boosting the revenue of the automotive digital mapping market.- There is an increase in the market penetration of integrated telematics in the Americas, particularly in the United States, due to a rise in demand for smartphones and regulations for safety.

The United States is Expected to Have Significant Market Share

- The improved precision by the usage of GPS systems is leading to increasing reliance on GPS systems. This, coupled with the increasing number of autonomous vehicles and defense spending are the major reasons for the high adoption of these systems in the United States.- The United States is leading the world, in terms of the adoption of autonomous vehicles. This growth is majorly attributable to the presence of technology giants, such as Tesla Motors, Ford Motor Company, GeneraMotorsrs, and Chrysler, across the region.- The demand for connected cars in these countries is increasing due to technology-savvy customers, increased spending on connectivity technologies, and the major presence of tech base in Silicon Valley, San Francisco, California, United States, is propelling the growth of luxury cars featuring advanced connectivity solutions.

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Study objectives of Automotive Digital Mapping Market Report:

To provide a detailed analysis of the market structure along with the Automotive Digital Mapping market forecast of various segments and sub-segments of the Automotive Digital Mapping market

To provide insights into factors influencing and affecting market growth

To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user

To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries

To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market

To provide economic factors, technology and Automotive Digital Mapping market trends that influence the global Automotive Digital Mapping market

Detailed TOC of Automotive Digital Mapping Market Report 2019-2024:

1 INTRODUCTION1.1 Study Deliverables1.2 Study Assumptions1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS4.1 Market Overview4.2 Introduction to Market Drivers and Restraints4.3 Market Drivers4.3.1 Growth in the Number of Connected Cars4.3.2 Increase in the Use of 3D Platforms4.4 Market Restraints4.4.1 Stringent Regulations and Legal Challenges for Safegauring Privacy and Security4.4.2 Lack of In-house Expertise4.5 Industry Attractiveness - Porter's Five Force Analysis4.5.1 Threat of New Entrants4.5.2 Bargaining Power of Buyers/Consumers4.5.3 Bargaining Power of Suppliers4.5.4 Threat of Substitute Products4.5.5 Intensity of Competitive Rivalry 4.6 Technology Snapshot4.6.1 GIS4.6.2 LiDAR4.6.3 Digital Orthophotography4.6.4 Aerial Photography

5 MARKET SEGMENTATION5.1 By Component5.1.1 Solutions5.1.2 Services5.2 By Application5.2.1 Autonomous Cars5.2.2 Fleet Management5.2.3 Advance Driver Assistance Systems (ADAS)5.3 Geography5.3.1 North America5.3.2 Europe5.3.3 Asia-Pacific5.3.4 Latin America5.3.5 Middle East and Africa

6 COMPETITIVE LANDSCAPE6.1 Company Profiles6.1.1 Google LLC6.1.2 Apple Inc.6.1.3 Micello Inc.6.1.4 HERE Technologies6.1.5 TomTom N.V.6.1.6 ARC Aerial Imaging Inc.6.1.7 Mapquest Inc.6.1.8 ESRI Inc.6.1.9 MiTAC Holdings Corporation6.1.10 Nearmap Ltd.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

Contact Us:

Name: Ajay More

Phone: US +14242530807/ UK +44 20 3239 8187

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The MarketWatch News Department was not involved in the creation of the content.

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