Skip to main content

3D Map System Market For Automotive to Record Sturdy Growth in the Coming Years

Navigation is an important aspect for vehicles, as it directs about the unknown ways to the driver. 3D maps for navigation have enlarged the usefulness and usability of maps. Drivers commonly prefer to have a map whilst travelling into unknown areas or within new cities. 2D maps have direction; however, the accuracy is not so high, unlike 3D maps that offer the driver with a more accurate map of the area. This assists in accurate navigation, position finding, and more comfortable driving. 3D maps created a revolution in the field of navigation. 2D maps are unable to describe the surrounding the way it is, and many times, it leads to erroneous navigation, as 2D map systems do not display information about the surroundings like bridges, work in progress on road, surrounding of road, terrain areas. However, 3D road maps have exhaustive information about the road surrounding as well as road structure.

Accuracy, wider range of information, increasing tourism across the globe, amplified ride hailing, increased passion for wilderness and adventurous driving, and growing attraction toward tracking and hiking are primary factors driving the demand for 3D map systems. Moreover, increased per capita income has led to increased purchasing power, improved lifestyle, and enhanced level of automation in vehicles are likely to have significant impact on the rising demand for automotive 3D map systems.


Autonomous and semi-autonomous vehicles are likely to hit the roads, which are expected to raise the overall demand for more accurate driving maps through 3D map systems. High definition maps, which have a high level of accuracy is expected to be a key navigational assistance to autonomous self-driving cars. Tourists prefer 3D maps as they are inclusive of comprehensive information about the road, vehicle surrounding, and terrain areas. According to a survey conducted at Zion National Park, Utah, in 2006, 53% travelers preferred 3D maps over 2D maps.

Higher cost of 3D maps coupled with need for continuous upgrade is a major restraint to the market. The cost of 3D map systems is higher than that of 2D map systems owing to the large capital required for generating 3D maps. Furthermore, data accuracy requires timely updates, which incurs additional cost through the consumption of internet data. Significant progress toward manufacturing fully automated vehicles and continuous development in the 3D mapping technology have presented significant opportunities for the 3D map system. Live HD maps are likely to be of utmost importance for navigating self-driven vehicles, owing to the onset of the autonomous vehicles era. HD maps have to be updated continuously regarding accidents, traffic backups, and lane closures. This, in turn, is likely to create considerable opportunities for the 3D map system owing to the increase in penetration of autonomous or semiautonomous vehicles in the market


In-dash navigation system is embedded within the vehicle’s dashboard. The in-dash navigation system segment is projected to hold a major share of the market during the forecast period. The segment is anticipated to expand at a CAGR of more than 22% between 2018 and 2026. In-dash navigation system is connected with the advanced driver assistance systems in order to facilitate appropriate guiding with acceleration and braking of the vehicle in accordance with the surroundings. Consequently, the demand for 3D map systems is likely to rise in tandem with the advanced driver assistance system.

Autonomous cars, which are being tested on the roads, are expected to require live HD maps, which need to be updated continuously in order to obtain information about accidents, weather conditions, road closures, and live traffic. The software & services segment of the 3D map system market is likely to witness a decline in prices in the near future; however, after that, the price is expected to increase owing to the development of highly accurate HD maps.

The per capita income in Europe and North American is high due to high level of industrialization and urbanization in these regions. Countries such as Germany and the U.S. are technologically advanced and have cars equipped with advanced technologies involving 3D map systems in order to support other integrated ADAS systems. In 2016, Europe dominated the 3D map system market with more than 40% share of the market. Europe is likely to witness an increase in demand for 3D map systems owing to the technological advancements, advent of self-driving cars, and increased spending by automotive OEMs on research and development. Countries such as China are known for availability of latest technologies at significantly lower prices.



Key players operating in the global 3D map system market for automotive are expected to benefit from the formation of strategic alliances with component suppliers and vehicle manufacturers. Prominent players operating in the global automotive 3D map system market include Robert Bosch GmbH, Continental AG, Denso Corporation, Aptiv, HERE, NVIDIA Corporation, and Elektrobit. HERE is a global leader in 3D mapping and map making. In North America, HERE is working to develop 3D map for the complete region. The development of HD maps is focused at autonomous vehicles. HD maps are key for the smooth functioning of autonomous vehicles. Robert Bosch GmbH, Continental AG, and Denso Corporation are focusing on the development of hardware and software in order to meet the demands from advanced semi-autonomous and driver-less vehicles.

Comments

Post a Comment

Popular posts from this blog

Global Thin Wafer Processing and Dicing Equipment Market - A cutting-edge technology, industry survey and new business opportunities 2024

Global Thin Wafer Processing and Dicing Equipment Market: Overview Rising demand for three dimensional integrated circuit used extensively across various miniature semiconductor devices is one of the important factor anticipated to boost the demand for thin wafer processing and dicing equipment in the coming years. Three dimensional integrated circuit are increasingly adopted across various space constrained applications including portable consumer electronic devices, sensors, MEMS and industrial products as it increases the overall performance of the products in terms of speed, durability, low power consumption, light weight and memory. Moreover, three dimensional integrated circuit also helps to reduce the area of consumption in a printed circuit board and in turn enables extensive cost reduction. Thin wafer of thickness 20 um – 50 um is an integral part of the three dimensional integrated circuit technology. Thus, anticipated increasing demand for three dimensional integra...
1 comment
Read more

Data Science Platform Market Set to Witness Significant Growth in the Coming Years

Data Science Platform Market: Overview Big data, advance analytics and predictive modeling are now becoming indispensable part of business houses, who are striving to optimize decision-making and deliver value to customers. With rise in enormous data generated in various digital platforms and corresponding increase in use of various data analytics tool the phrase “data science platform” has been tossed around about a lot recently. Data science platforms are supposed to be an arena where plethora of various data scientists works are collected. In colloquial term, data science platform terms defines that it provides various algorithm integrated with analytical tools that help data analyst to cluster and explore data from varied sources, and further design and implement models. These models sought from data science platform helps in framing decisions and strategies. Data science platform assist wide array of various suite of tools that is being introduced subsequently implemented ...
Post a Comment
Read more

Harbor Management System Market: Market Scope and Size by Application

Harbor management software assists in maintaining the safety and security of vessels. Certain type of this harbor management software has a facility wherein it can trace vessels near the harbor within a specific range. The vessels can be viewed through graphics. This helps harbor managers in identifying if a vessel is in the wrong location or if the vessel’s location information is incorrect. Harbor management software assists in maintaining the safety and security of vessels. Certain type of this harbor management software has a facility wherein it can trace vessels near the harbor within a specific range. The vessels can be viewed through graphics. This helps harbor managers in identifying if a vessel is in the wrong location or if the vessel’s location information is incorrect. Through the graphical overview, harbor managers can also recognize if the vessels are moving toward each other, which can lead to a collision and can alert the vessels to divert their route a bit from t...
Post a Comment
Read more