3D Map Systems for Automotive Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence
Market Overview:
3D Map Systems for Automotive Market reached around US$ YY million in 2021 and is expected to achieve significant growth by reaching up to US$ YY million by 2029, growing at a high CAGR during the forecast period (2022-2029).
Vehicle navigation is crucial as it informs the motive force of uncharted territory. The usefulness and usefulness of maps have extended with the advent of 3-d navigational maps.
3-D maps supply the driving force a more particular view of the surroundings. Accurate navigation, area dedication and greater first-rate using are all aided by means of 3D maps. Any self sustaining car, consisting of motors, trucks, mobile robots, drones and different pilotless plane, must be capable of see its surroundings and reply correctly.
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Market Dynamics
Higher value of growing 3-d maps and the requirement for consistent upgrading
One of the methods 3D mapping facilitates automobiles is by using relieving them of the load of constructing their maps in actual time. Because producing 3-D maps requires a lot of computing electricity, pre-built 3D maps effectively offload this computation-extensive job from the self reliant vehicle. When a 3D map is provided, the vehicle may cognizance on identifying and tracking gadgets inside it rather than having first to survey the surroundings to discover something within them.
Before a 3D map can be made, a car have to tour to the place to map and acquire data required for self sustaining cars. The raw video facts will then be transformed into an ADAS-well suited format. Due to the giant funding had to scout, create and convert 3-d maps, 3-D map structures are greater steeply-priced than 2D map structures.
Furthermore, well timed updates are necessary for statistics accuracy, which adds to the fee of net statistics utilization. Therefore, The marketplace is seriously limited via the higher price of 3D maps and the requirement for consistent upgrading.
Market Segmentation:
By System
- Software and Services
- Hardware
By Navigation
- Handheld Navigation
- In-dash navigation
By Vehicle
- Commercial Vehicle
- Passenger Vehicle
By Sales Channel
- OEM
- Aftermarket
Competitive Landscape
The global 3D map systems for automotive market is growing and becoming increasingly competitive due to the presence of major players such as BAE Systems Plc.; Ni-ppon Seiki Co. Ltd.; TomTom International BV; Elektrobit; Axestrack; Dynamic Map Platform Co., Ltd.; NVIDIA Corporation; Continental AG; HERE and Robert Bosch GmbH. The market is fragmented and market players employ key strategies such as mergers, acquisitions, product launches, contributions and collaborations to gain a competitive advantage and recognition.
Trending Topics:
Commercial Vehicle Telematics Market
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