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Automotive 3D Map System Market Trends

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

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Automotive 3D Map System Market Trends

The integration of Artificial Intelligence (AI) to extract Three-Dimensional (3D) information directly from Two-Dimensional (2D) photographs is a lucrative growth opportunity for the automotive 3D map system industry. This innovative approach significantly reduces reliance on costly technologies such as LiDAR, making advanced mapping capabilities more accessible to a broader range of users.

For instance, in October 2023, the North Carolina State University pioneered MonoXiver, an innovative smart 3D mapping solution. This method utilizes artificial intelligence to extract three-dimensional information directly from two-dimensional photographs. Notably adaptable, MonoXiver can be readily customized to function with any monocular camera, significantly enhancing accessibility compared to pricier alternatives such as LiDAR systems, thus making advanced mapping technology more attainable for everyday users.

Continual advancements in sensor technology including LiDAR, radar, and cameras are revolutionizing the automotive 3D map system market. These advancements enable the development of more precise and efficient mapping solutions. For instance, LiDAR offers high-resolution 3D mapping capabilities, while radar and cameras provide complementary data for enhanced situational awareness. The integration of these sensors enables the creation of comprehensive and accurate 3D maps, driving the adoption of advanced mapping systems in autonomous vehicles.

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.