Automotive 3D Mapping System Market to Reach $14 Billion by 2031 | Exclusive Report from SNS Insider

Automotive 3D Mapping System Market Growing at a CAGR of 12.9% by 2031 | Driven by the growing demand for integrated vehicles with advanced technology

Pune, July 02, 2024 (GLOBE NEWSWIRE) — The Automotive 3D Mapping System Market MAGNITUDE was valued at USD 4.7 billion in 2023 and is expected to reach USD 14 billion by 2031, growing at a CAGR of 12.9% during the forecast period 2024-2031.

An increase in demand for autonomous vehicles, ADAS and navigation systems and their applications in connected cars are some other factors driving the need for automated 3D mapping systems. Urbanization and smart city initiatives will have as much play on people moving through these dynamic urban areas with solutions that help them navigate cities on foot or by road, while at the same time managing traffic volumes.

Automotive 3D Mapping System Market Size:

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For example: Parkopedia is a UK-based startup that provides real-time car parking services worldwide. This gives drivers the simplest method of moving around the parking area. However, the company has also developed a mobile app that gives iOS users access to all the integrated parking data.

Additionally, the deployment of ADAS and autonomous driving capabilities in automotive components is governed by government regulations that must be adhered to along with subsidies that play a vital role in increasing demand for the potential technologies, especially contributing to growth in Automotive 3D general map. System Market. 3D mapping technology to enable vehicle localization and obstacle detection is a significant investment by vehicle manufacturers.

Recent developments IN Automotive 3D Mapping System Market

In November 2023Version 13.0 of CarMaker from IPG Automotive included new options for realistic simulation and test scenarios that run on hardware in the loop (HIL) configuration.

In January 2023Luminar acquired Civil Maps to expand the mapping capabilities of LiDAR and of course for self-driving cars.

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Automotive 3D Mapping System Market Scope of report:

Automotive 3D Mapping System Market Segment Analysis

By system type: The software segment dominates the market, with more than 60% of the share. The automotive 3D mapping market is experiencing growth due to advancements in software. Nowadays, artificial intelligence and machine learning are helping cars understand their surroundings and update maps in real time. Cloud-based systems enable real-time map updates and data sharing. High-definition maps provide detailed information for navigation and driver assistance systems.

The story continues

By vehicle type: The market is led by the passenger car segment, which held more than 40% of the market share for automotive 3D mapping systems in 2023. An important development that is driving the passenger car market is the increase in the number of autonomous vehicles . There is a huge increase in demand for advanced 3D mapping systems as the car industry moves increasingly towards autonomous driving technologies. These systems are essential to allow safe and accurate navigation by the autonomous car. They do this by providing comprehensive maps that facilitate real-time corrections, obstacle identification and route planning.

Automotive 3D Mapping System Market Regional insights

of The North American market leads the global automotive 3D mapping system market driven by automakers, technology firms, and growing interest in autonomous vehicles. Major players such as HERE Technologies, TomTom and Nvidia are working on innovation and development for advanced 3D mapping technologies for personalized self-driving cars.

Example: Innovative steps taken by major key players:

HERE Technologies

• Partnership with Daimler to create HD maps for self-driving cars.

• Developing a complete 3D mapping ecosystem that includes high-resolution topological data, real-time historical updates, and easy connectivity to IoTs as well as self-driving cars.

TomTom

Nvidia

DriveWorks, a lidar-based navigation and localization system for self-driving vehicles that is suitable for the start-up’s proprietary operating platform

The APAC region should be seen as a fast growing market. In the same category, no other nation ranks higher than China followed by South Korea, Japan and India. Increasing government investment in smart transportation and smart cities are driving the demand for automotive 3D maps mainly from China. The automotive industry also invests heavily in autonomous driving technologies and is therefore a major player from South Korea and Japan.

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• Rapid growth—fueled by advances in vehicle autonomy and ADAS technologies.

• Software solutions form the largest and fastest growing market due to the software needed to interpret real-world data and create high-definition 3D maps.

• North America holds the largest share in the 3D Mapping System market due to high disposable income of citizens, acceptance of technology and ownership of premium cars.

• Market growth due to the rise of OEM vehicles with 3D mapping systems and aftermarket retrofits.

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Table of Contents Highlights

Market definition

Scope

Research Assumptions

• Industry flow chart

• Research methodology

• Market Dynamics

leader

RESTRICTIONS

OppORTuNiTy

CHALLENGE

Impact of the Russia-Ukraine crisis

The impact of the economic slowdown on key countries

• Value chain analysis

• Porter’s 5 Forces Model

• Pest analysis

• Market segmentation, by navigation

presentation

Trend analysis

In the Navigation Dash

Portable navigation

presentation

Trend analysis

Hardware

Software

presentation

Trend analysis

Passenger vehicles

Commercial vehicles

presentation

Trend analysis

OEM

After trading

presentation

Trend analysis

Market by country

Market by boat

Market by system

Market by vehicle type

Market by sales channel

Trend analysis

Market by country

Market by boat

Market by system

Market by vehicle type

Market by sales channel

Trend analysis

Market by country

Market by boat

Market by system

Market by vehicle type

Market by sales channel

Trend analysis

Market by country

Market by boat

Market by system

Market by vehicle type

Market by sales channel

Trend analysis

Market by country

Market by boat

Market by system

Market by vehicle type

Market by sales channel

Axle nut

Company summary

financial

Products/Services Offered

SWOT analysis

SNS view

BAE Systems

Civil Maps

Continental AG

Aptiv PLC

DENSO Corp

Google

here

NVIDIA Corp

Competitive benchmarking

Market Share Analysis

Recent developments

Industry news

Company News

Mergers and acquisitions

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