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Automotive 3D Map System Market Size

Report ID: GMI8233
Published Date: Feb 2024
Report Format: PDF

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Automotive 3D Map System Market Size

Automotive 3D Map System Market size was valued at USD 5.1 billion in 2023 and is estimated to register a CAGR of over 10.5% between 2024 and 2032. Increasing investments in the development of Advanced Driver Assistance Systems (ADAS) and automated driving features in 3D mapping are driving growth in the market. These investments fuel innovation, leading to enhanced capabilities in navigation, safety, and autonomous driving.

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For instance, in September 2023, Mapbox, a location-based platform, garnered a USD 280 million investment in a Series E funding round aimed at bolstering its platform's growth in the automotive sector and facilitating the incorporation of Artificial Intelligence (AI) into vehicles. This capital will enable Mapbox to enhance its Advanced Driver Assistance Systems (ADAS) capabilities for automated driving and safety, ensuring compatibility across a broader spectrum of road types and geographies.

Automotive 3D Map System Market Report Attributes
Report Attribute	Details
Base Year:	2023
Automotive 3D Map System Market Size in 2023:	USD 5.1 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	10.5%
2032 Value Projection:	USD 12.8 Billion
Historical Data for:	2018 to 2023
No. of Pages:	220
Tables, Charts & Figures:	340
Segments covered:	Component, navigation, vehicle, sales channel
Growth Drivers:	The proliferation of autonomous driving technology Rising advancements in sensor technology Integration with cloud computing and connectivity The rise of Electric Vehicles (EVs) and shared mobility services
Pitfalls & Challenges:	High cost associated with developing and deploying advanced 3D mapping technology Data privacy and security concerns

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Government regulations, particularly on vehicle safety standards and emissions, play a pivotal role in propelling the automotive 3D mapping system market. These regulations increasingly mandate the integration of Advanced Driver Assistance Systems (ADAS) and autonomous driving features in vehicles to enhance road safety & reduce accidents. To comply with these regulations and meet consumer expectations for safer & more efficient transportation, automakers are investing in 3D mapping technologies that enable precise navigation, obstacle detection, and situational awareness, thus driving the demand for advanced mapping solutions.

Data privacy and security concerns present significant challenges to the automotive 3D mapping system market. The collection and processing of vast amounts of location & sensor data raise privacy issues, requiring robust measures to protect consumer information. Additionally, ensuring the security of this data against cyber threats, such as hacking and unauthorized access, is paramount. Striking a balance between data utility for mapping & navigation purposes and safeguarding individual privacy rights poses a complex challenge for industry stakeholders.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Automotive 3D map system market size was USD 5.1 billion in 2023 and is expected to register over 10.5% CAGR from 2024-2032 owing to increasing investments in the development of Advanced Driver Assistance Systems (ADAS) and automated driving features worldwide.

Automotive 3D map system industry from the in-dash navigation segment recorded over 47% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to the introduction of product lineups aimed at promoting safer driving.

Asia Pacific automotive 3D map system industry reached over 30% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to rising integration of autonomous car software updates featuring 3D map visualization in the region.

Civil Maps, Elektrobit (EB), Garmin Ltd., HERE Technologies, Microsoft Corporation, Mitsubishi Electric Corporation, NVIDIA Corporation, TomTom, Trimble Inc., and Valeo SA, are some of the major automotive 3D map system companies worldwide.