Market Insights:
The Digital Map Market was valued at USD 19.5 Bn in 2021, at CAGR of 13.8% during the forecast period (2022-2030), and the market is projected to be worth USD 62.4 Bn by 2030.
Driver:
The increased adoption of Digital Map in the Next Generation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Digital Map also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Digital Map in many sectors also boosts the market growth during the forecast period.
A digital map is a web-based software solution for representing a certain route, region, or geographical place. It is virtually generated by gathering data and digitally structuring it into a picture that is displayed on a computer interface. It is made up of several graphical components that are integrated to convey information about bodies of water, highways, and significant landmarks in a specific region. It is also used to calculate distances between locations. Scalability, precision, real-time information, interactivity, and small operating systems are all advantages of digital maps. As a result, they have a wide range of applications, including smart parking, location, traffic and congestion intelligence, navigation, and logistics management.
Digital Map Market Research Report” was just released by Market Research Community. It is divided into several categories, including Digital Map Type (GIS, LiDAR, Digital Orthophotography, Aerial Photography, Others), Digital Map Usage (Indoor, Outdoor), Digital Map Service (Consulting, Development, Management, Data Management, Tracking & Analysis), and companies (Mapidea, OneView, GeoVerra, Orbital Insight, UrtheCast, Geocento, Geospin., ServiceNow, Alibaba Group, Inpixon, META, Mapsted, Emapa, Caliper Corporation, MapmyIndia), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 13.8%, over the forecast period of 2022–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 62.4 Billion |
| CAGR (2022-2030) | 13.8% |
| Digital Map Type | GIS, LiDAR, Digital Orthophotography, Aerial Photography, Others |
| Digital Map Usage | Indoor, Outdoor |
| Digital Map Service | Consulting, Development, Management, Data Management, Tracking & Analysis. |
| Digital Map End-use | Automotive, Non-Autonomous, Semi-Autonomous, Military & Defense, Mobile Devices, Smartphones/Tablets, GPS, Enterprise Solutions, Government & Public Sector. |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Mapidea, OneView, GeoVerra, Orbital Insight, UrtheCast, Geocento, Geospin., ServiceNow, Alibaba Group, Inpixon, META, Mapsted, Emapa, Caliper Corporation, MapmyIndia. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Digital Map market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Mapidea, OneView, GeoVerra, Orbital Insight, UrtheCast, Geocento, Geospin., ServiceNow, Alibaba Group, Inpixon, META, Mapsted, Emapa, Caliper Corporation, MapmyIndia.
Market Segment Analysis:
Digital Map Type
- GIS
- LiDAR
- Digital Orthophotography
- Aerial Photography
- Others
Digital Map Usage
- Indoor
- Outdoor
Digital Map Service
- Consulting
- Development
- Management
- Data Management
- Tracking & Analysis
Digital Map End-use
- Automotive
- Non-Autonomous
- Semi-Autonomous
- Military & Defense
- Mobile Devices
- Smartphones/Tablets
- GPS
- Enterprise Solutions
- Government & Public Sector
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Digital Map industries in the region.
Key Digital Map Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Digital Map Market segments.
– Largest Market Share Held by Industry to Industry for Digital Map
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Digital Map Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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