Market Share of Automotive Digital Mapping Industry
The automotive digital mapping market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. With prospering economies, consumers across the world have been observed to be moving toward purchasing products with advanced features. These features are expected to stay relevant in the market over the next few years, despite the rapid investments being made to innovate constantly within the industry.
- April 2019 - HERE Technologies announced the general availability of HERE XYZ, a cloud-based service that provides software developers as well as novice and professional mapmakers with the tools needed for effortless map publication and data management.
- March 2020 - Toyota researchers developed a method to create highly detailed maps to guide self-driving cars using satellite imagery, potentially eliminating the need for special survey vehicles. The researchers at Toyota Research Institute - Advanced Development (TRI-AD), the unit tasked with developing self-driving technology at Toyota, created maps using data from cameras mounted to existing vehicles and from satellite imagery, which is expected to provide accuracy within 50 centimeters, meeting the level required for self-driving cars.
Automotive Digital Mapping Market Leaders
Google LLC
Apple Inc.
HERE Technologies
TomTom NV
MapQuest Inc.
*Disclaimer: Major Players sorted in no particular order
