Digital Map Market Size, Share and Trends, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Digital Map Market


The global Digital Map market size is projected to reach US$ 14.04 billion by 2026, from US$ 7.07 billion in 2020, at a CAGR of 12.1% during 2021-2026. The ongoing migration from personal navigation devices to smartphones and consumer-centric applications is expected to drive the growth. The industry is expected to exhibit rapid integration of geomatics systems including mapping, Global Positioning System (GPS), and imagery, wherein key players would increasingly try to develop and launch multi-platform applications. This factor is anticipated to bode well for market growth.

In addition, rapid speed at which the automotive sector has been adopting digital mapping applications in self-driving cars is also instrumental in increasing competition in the industry. The automotive applications are, however, not only related to self-driving cars but they also extend to a range of other applications including fleet management, logistics control systems, and Advanced Driver Assistance Systems (ADAS), to name a few.

Recent developments in including the acquisition of Nokias HERE by Daimler, Volkswagen, and BMW in 2015 and the investments by Apple to deploy sensor-based cars for mapping are a testament to the evolving structure of the industry. Though major players such as Google (for consumer mapping) and HERE (for automotive mapping in North America and Europe) have an edge in terms of technology deployed and collected database, many new players have been quite successful in the market. However, the role played by open-data repositories such as OpenStreetMap and Open Addresses is also expected to be an important factor in shaping the competitive landscape of the market.
The digital map construction, however, includes a considerable amount of investment in terms of sensors, the technology employed for data collection, and the mode of data collection, which can limit the number of players entering the development segment. Yet, a large number of application providers who cater to niche segments and utilize novel techniques to build upon the existing data sets are expected to flourish in near future.

Market Segmentation, Outlook & Viewpoint: Global Digital Map Market

Technology Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
GIS
  
LiDAR
  
Digital Orthophotography
  
Aerial Photography
  
Others

Usage Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Indoor
  
Outdoor

Service Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Consulting
  
Development
  
Management

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Automotive
  
Military & Defense
  
Mobile Devices
  
Enterprise Solutions
  
Government & Public Sector

Key Players, Recent Developments & Regional Insights: Global Digital Map Market

On the basis of application, the market is segmented into automotive, military and defense, enterprise solutions, mobile devices, and government and public sector. Solution providers have been catering to a number of end users that have an extensive use for geospatial data. However, the recent advancements in technology, such as Internet of Things (IoT), sensor networks, and Artificial Intelligence (AI) have opened up a plethora of new avenues for the development.

Owing to the rapid rise in the number of smartphone users, mobile devices segment is expected to expand at an impressive CAGR of 12.9% from 2019 to 2025. Automotive sector has been the largest user of digital map technology. This is greatly attributed to the renewed interest of automakers in connected and self-driven cars. The North America market for digital maps in the automotive sector is anticipated to reach USD 1.78 billion by 2025.

Services Insights

Industry service providers offer numerous services including data processing, system infrastructure development, distribution channels, integration and licensing, end-use applications, and web services. Several digital mapping service providers integrate development data into the customers systems and provide it to them in accessible formats.

The development services segment forms the basis of the digital map value chain. It held a market share of 36.2% in 2018. Management services are expected to become the major revenue-generating venture buoyed by the demand from location-based services and solutions. The segment is expected to register a CAGR of 12.3% over the forecast period.

Regional Insights

Automotive and mobile device end-use segments are the primary drivers for the market growth. North America led the global market in terms of revenue, attributed to a large number of industry players situated in the region, a developed automobile sector, and the recent increase in mergers and acquisitions.

Eise in disposable incomes in Asia Pacific region has led to a subsequent demand for smartphones and cars. In addition, rapidly evolving infrastructure in developing countries such as China and India has been opening new business avenues for the vendors, which is further contributing to the market growth. As a result, the Asia Pacific region is anticipated to expand at an impressive CAGR of 13.7% over the next six years.

Digital Map Market Share Insights

Key players operating in the market are ESRI, Inc.; Google, Inc.; DigitalGlobe, Inc.; Apple Inc.; HERE Holding Corporation; Getmapping PLC; Micello, Inc.; and TomTom International B.V.; among others. The companies actively participate in various processes involving data collection, data processing, designing, and manufacturing of digital maps, and they cater to different end uses across the value chain.

Key vendors focus on adopting strategic initiatives and business strategies that include collaborations, new product developments, investments related to expanding capabilities, mergers and acquisitions, and partnerships and agreements, among others. Moreover, rigorous steps have been taken to promote R&D investments to sustain the competition. With the advancements in technologies, companies have introduced web services and mobile applications for maps that provide detailed information and real-time updates to users.

Key Insights Covered: Global Digital Map Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Digital Map industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Digital Map industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Digital Map industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Digital Map industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Digital Map industry.

Research Methodology: Global Digital Map Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other