Digital Map Market Size, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2900
Digital Map Market size is slated to register notable gains up to 2027 fueled by the growing adoption of smartphones and other mobile devices for navigation. Additionally, rising demand for up-to-date digital mapping data during the COVID-19 pandemic is also expected to outline industry trends over 2021-2027. Digital mapping is performed through a digital interface, typically a computer system that has a graphical user interface (GUI).
Digital mapping has gradually become more prevalent and a growing amount of geodata is being generated by all sectors. GPS technology and analytics have been found to be beneficial for companies in navigating crises and be better prepared to serve the market. Meanwhile, proliferating smartphone usage, coupled with the increasing availability of inexpensive mobile devices, has put digital maps in everybody’s hands, contributing significantly towards market expansion.
Based on the type of solution, the digital map market is divided into catchment analysis, geo-analytics visualization, route optimization, risk assessment & disaster management, and tracking & telematics. The route optimization segment holds a notable share of the market, driven primarily by extensive application in logistics & transportation for better productivity and efficiency. When it comes to application, digital mapping is applied in other industries as well, including construction & engineering, government & defense, energy & utilities, automotive, telecom, and BFSI.
The automotive sector is witnessing a major shift towards autonomous driving. Next-gen autonomous driving leverages a combination of sensors, digital maps, and artificial intelligence (AI) to guide the vehicle on a path. Digital maps can allow autonomous vehicles to see around turns, through fog, and even over bigger vehicles that block the vision of sensors. Consequently, with surging demand for higher quality as well as more detailed map content to facilitate sensor data and ensure driver safety and comfort, is expected to fuel the market share from transportation sector.
Through a regional viewpoint, North America is projected to be a key digital map market over 2021-2027. Booming smartphone penetration in leading regional markets is a key factor estimated to support adoption of digital mapping over the forecast period. For instance, in the United States, around 70% of the population uses smartphones. More and more smartphone makers are integrating 5G network technology in their flagship devices, thereby promoting more effective access of digital maps.
Leading companies in the digital map market include Google, Apple, Alibaba Group , Microsoft, HERE, Magellan, Maxar Technologies , Nearmap, NavInfo, Automotive Navigation Data, INRIX, OpenStreetMap, Digital Mapping Solutions, ZENRIN, Living Map, Yahoo, CACI Limited , AOL, MapmyIndia, LightBox, TomTom, and Mapbox.
Impact of COVID-19 on digital map market trends:
The COVID-19 outbreak has seemingly impacted virtually all industries and businesses. To tackle the pandemic, governments across the globe focused their efforts on treating the infection and preventing further transmission of the virus. Notably, the implementation of digital map technology has been extensively useful during the COVID-19 pandemic in tracking vaccination rates and even contact tracing.
For instance, in May 2021, Alberta Health Services, the governmental health authority for the Canadian province, presented an online tool that displayed vaccination rates for each region. The digital map, when launched, showed that nearly 34% of the population (25,738 people) of Airdrie had received at least the first dose of the COVID-19 vaccine. Similarly, some companies have also been using digital maps technology to make the process of COVID testing more seamless during vacations.
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability