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HD Map For Autonomous Vehicles Market size is set to grow by USD 13.39 billion from 2024-2028, Rise in adoption of autonomous vehicles boost the market, Technavio

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NEW YORK, July 25, 2024 /PRNewswire/ — The global HDmap for autonomous vehicles market size is estimated to grow by USD 13.39 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 46.02% during the forecast period. Rise in adoption of autonomous vehicles is driving market growth, with a trend towards growth in connected infrastructure. However, high cost associated with technology poses a challenge. Key market players include Baidu Inc., CE Info Systems Ltd., Civil Maps, Dynamic Map Platform Co. Ltd., Esri Global Inc., GeoJunxion NV, HERE Global BV, Intel Corp., Mapbox Inc., Momenta Group, NavInfo Co. Ltd., Navmii Publishing Ltd., NVIDIA Corp., RMSI Pvt. Ltd., The Sanborn Map Co. Inc., TomTom NV, Toyota Motor Corp., Voxelmaps, Wipro Ltd., and ZENRIN Co., Ltd..

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HD Map For Autonomous Vehicles Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 46.02%

Market growth 2024-2028

USD 13390.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

32.78

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 38%

Key countries

US, China, Germany, UK, and Japan

Key companies profiled

Baidu Inc., CE Info Systems Ltd., Civil Maps, Dynamic Map Platform Co. Ltd., Esri Global Inc., GeoJunxion NV, HERE Global BV, Intel Corp., Mapbox Inc., Momenta Group, NavInfo Co. Ltd., Navmii Publishing Ltd., NVIDIA Corp., RMSI Pvt. Ltd., The Sanborn Map Co. Inc., TomTom NV, Toyota Motor Corp., Voxelmaps, Wipro Ltd., and ZENRIN Co., Ltd.

Market Driver

The global transportation industry is undergoing significant automation, driven by the widespread adoption of the Internet of Things (IoT). Companies like Cisco Systems Inc. And International Business Machines Corp. Are developing digital systems to automate traffic signals, optimize trash pickup, and enhance surveillance. This connected infrastructure includes car parks, toll booths, and intelligent streetlights. HD maps provide additional data for autonomous vehicles, enabling them to navigate when lane lines are unclear or road signs are influenced by external factors. Autonomous cars can communicate with smart streetlights to facilitate smooth traffic flow. The expansion of connected infrastructure is anticipated to fuel demand for HD maps in autonomous vehicles, presenting a lucrative opportunity for the automotive industry during the forecast period. 

The HD Map market for autonomous vehicles is thriving, with trends like Plus and Vision-Map Fusion (VMF) gaining popularity. Companies like Navinfo lead the way with advanced mapping solutions for both semi-autonomous and fully autonomous vehicles. Advertising services and in-house HD mapping are also on the rise. Autonomous car technology is transforming passenger and commercial vehicles, with corporations and automobile OEMs investing heavily. Cloud-based and embedded HD maps are essential for Level 4 and 5 automation. Regulatory environment, LiDAR, SLAM, and sensor technologies from Cruise, Waymo, Uber, Baidu, DiDi, ADASIS, NDS, SENSORIS, TISA, TomTom, HERE Maps, Nvidia, and NDS Association are shaping the future of urban planning in smart cities. Data storage and cloud solutions are crucial for managing and processing vast amounts of HD map data.

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Market Challenges

Creating high-definition (HD) maps for autonomous vehicles is a complex process involving data acquisition, aggregation, and integration of advanced technologies like AI and machine learning. The cost of manual verification and updating maps adds to the manufacturing expenses, contributing significantly to the overall cost of producing autonomous vehicles. The high cost of components such as cameras, sensors, GPS devices, high-speed communication networks, and Lidar is reflected in the price of HD maps, which can range from USD1,44 to USD1,000 per kilometer depending on the level of accuracy. Despite these challenges, HD maps are essential for autonomous vehicles to navigate roads safely and accurately. New entrants may use fictitious satellite maps and sensor datasets, but these are insufficient for creating highly accurate HD maps. The high cost of components and maps is expected to be a barrier to the growth of the global HD map market for autonomous vehicles.The Hd Map market for autonomous vehicles is experiencing significant growth as major players like Waymo, Uber, Baidu, DiDi, and Cruise invest heavily in the technology. However, challenges persist in creating accurate and reliable HD maps for autonomous vehicles. LiDAR sensors and SLAM technology are crucial for mapping and localization, but their high cost and limited field of view present hurdles. Companies like NDS, SENSORIS, TISA, TomTom, and HERE Maps are addressing these challenges through collaboration and innovation. Nvidia, NDS Association, Avis Budget Group, and Rent-A-Car are also entering the market, joining forces with robo-taxi services like Voyage, Ola, and ride-sharing platforms. The integration of digital cameras and 5G networks is expected to enhance mapping capabilities, while Auto X, DeepMap, MapBox, Carmera, Civil Maps, Wayz, Google, Avis, Fiat-Chrysler, Audi, Daimler, HERE Technologies, GM, VW, Mobileye, and Embark continue to develop advanced autonomous driving solutions.

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Segment Overview 

This hd map for autonomous vehicles market report extensively covers market segmentation by

Solution 1.1 Cloud-based1.2 EmbeddedVehicle Type2.1 Passenger2.2 CommercialGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Cloud-based- Cloud-based High Definition (HD) maps play a crucial role in the development of autonomous vehicles. The HD quality of these maps ensures enhanced navigation accuracy and precision. The cloud-based feature enables easier updates and accessibility, allowing autonomous vehicles to navigate unfamiliar or challenging terrains more effectively. Key industry players, including NavInfo Co. Ltd. (Navinfo), HERE Global BV (HERE), TomTom NV (TomTom), and NVIDIA Corp. (NVIDIA,) prioritize cloud-based solutions for their real-time services and development needs. Companies like Google, Audi AG, and BMW are already utilizing HD maps in their autonomous vehicle prototypes. These factors are expected to boost the growth of the cloud-based HD map market for autonomous vehicles in the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global autonomous vehicles market is experiencing rapid growth due to advancements in technology and increasing demand for safer transportation solutions. Concurrently, the global traction control system market is expanding, driven by rising vehicle safety standards and enhanced driving performance. Additionally, the global automotive LIDAR sensors market is booming, fueled by the need for precise environment mapping in autonomous driving systems. These trends reflect a dynamic shift towards smarter and safer automotive technologies, highlighting a significant evolution in vehicle safety and automation.

Research Analysis

The HD Map market for autonomous vehicles is a rapidly growing industry, driven by the increasing adoption of autonomous driving technology in ride-sharing, robo-taxis, and autonomous cars. HD Maps, which provide high-definition, real-time location data, are essential for autonomous vehicles to navigate safely and efficiently. These maps use technologies such as LiDAR (Light Detection and Ranging) and SLAM (Simultaneous Localization and Mapping) to create detailed 3D models of the environment. HD Maps are created using a combination of digital cameras, LiDAR sensors, and other data sources, and are updated in real-time using 5G networks. Companies are investing heavily in HD Map technology to provide reliable and accurate mapping data for autonomous vehicles, with applications ranging from ride-sharing services like Uber and Ola to shared mobility providers like Avis Budget Group and Rent-A-Car. Other key players in the HD Map market include Cruise, Waymo, Baidu, DiDi, ADASIS, NDS, SENSORIS, TISA, TomTom, HERE Maps, Nvidia, NDS Association, Voyage, Auto X, DeepMap, MapBox, Carmera, and Civil Maps.

Market Research Overview

The HD Map for Autonomous Vehicles market is a rapidly growing sector in the autonomous driving industry. HD Maps, which include LiDAR, SLAM (Simultaneous Localization and Mapping), and digital cameras, play a crucial role in enabling autonomous vehicles to navigate and perceive their environment in real-time. These maps provide detailed information about the road infrastructure, traffic signs, lane markings, and other relevant features. Autonomous vehicles rely on HD Maps for various applications such as ride-sharing, robo-taxis, and autonomous cars. The market is witnessing significant investment from corporations, automobile OEMs, and technology companies. The integration of 5G networks and advanced autonomous driving technologies like Cruise, Waymo, and Uber’s self-driving projects, is expected to accelerate the market’s growth. The market encompasses various HD mapping solutions, including in-house HD mapping, cloud-based, and embedded systems. HD Maps are essential for semi-autonomous and fully autonomous vehicles, enabling them to operate safely and efficiently. The regulatory environment is a critical factor influencing the market’s growth, with regulatory bodies setting standards for autonomous vehicle safety and data privacy. The HD Map for Autonomous Vehicles market also offers advertising services, smart cities, and urban planning applications. Companies like Google, Avis, Fiat-Chrysler, Audi, Daimler, HERE Technologies, GM, VW, Mobileye, Embark, Plus, and others are investing in this market to provide innovative HD mapping solutions and stay competitive. The market’s growth is driven by the increasing demand for shared mobility services, such as ride-sharing and car rentals, and the integration of autonomous driving technology into passenger vehicles and commercial vehicles. Data storage and cloud storage solutions are also essential components of the HD Map for Autonomous Vehicles market, enabling the collection, processing, and analysis of vast amounts of data generated by autonomous vehicles.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

SolutionCloud-basedEmbeddedVehicle TypePassengerCommercialGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Sustainable Infrastructure Holding Company (“SISCO”) Q3FY24 revenue (excluding accounting construction revenue) increases by 23.8% to 341.8 million

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November 16, 2024

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Revenue grew by 23.8% compared to previous yearGross profit of SAR 179.8 million, a 21.7% increase compared to Q3FY23Adjusted EBITDA rose 29.5% to SAR 210.2 million

JEDDAH, Saudi Arabia, Nov. 16, 2024 /PRNewswire/ — Sustainable Infrastructure Holding Company (“SISCO”, “TADAWUL: 2190”), Saudi Arabia’s leading strategic investor in Ports & Logistics and Water Solutions has announced its financial results for the quarter ended 30 September 2024.

Revenues for the third quarter of 2024, excluding accounting construction revenue, grew by 23.8% compared to Q3FY23 to reach SAR 341.8 million. On a quarter-to-quarter basis, revenues grew by 13.0% compared to Q2FY24.

The third-quarter gross profit of SAR 179.8 million represents 14.7% quarter-on-quarter growth and 21.7% growth compared to Q3FY23. The gross profit margin for Q3FY24 was down 0.9% year-on-year, due to increased depreciation and direct costs, but was up 0.8% quarter-on-quarter, in line with expectations. Year-to-date saw gross profits increase by 13.8% to SAR 469.5 million.

Adjusted EBITDA growth rose 29.5% to SAR 210.2 million compared to Q3FY23, aligning SISCO with strategic goals. Quarter-on-quarter growth was 20.8%, with a year-to-date increase of 17.7% to SAR 543.8 million.

SISCO reports a strong recovery in the Red Sea Gateway Terminal from subdued Q3FY23 Port segment results due to the Red Sea situation. Port volume reached 828,868 TEUs in Q3FY24, returning to levels similar to Q4FY23.

Commenting on the results: Eng. Khalid Suleimani, Group CEO, SISCO said:

“I am pleased to report that SISCO has continued to demonstrate strong growth and operational performance in Q3FY24, with revenues improving by 23.8% compared to Q3FY23. Our Ports segment, which remains a key growth driver, saw a significant increase, leading to robust results despite the Red Sea challenges.

Net income remains strong, despite the one-off payment of SAR 25 million to Zakat. Another highlight of the quarter is the impressive recovery in the Red Sea Gateway Terminal, highlighting it’s resilience.

We are also excited to announce the Multi-Purpose Terminals (MPT) concession, which will allow us to expand operations across all non-containerised port facilities in the Red Sea Gateway Terminal. This strategic initiative positions SISCO to capture further growth opportunities domestically and internationally.

Looking ahead, we remain committed to executing our five-year strategy to double revenues by 2026 and continue delivering long-term value to our shareholders.”

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Carbon Mapper Achieves First Tanager-1 Methane Mitigation Success

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November 16, 2024

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BAKU, Azerbaijan, Nov. 16, 2024 /PRNewswire/ — Carbon Mapper released over 300 methane and CO2 plume detections today— its first tranche of emissions data based on observations from the Tanager-1 satellite which was launched in August. Tanager-1 is built and operated by Planet Labs PBC and made possible by the Carbon Mapper Coalition, a philanthropically backed public-private partnership including Planet Labs and NASA’s Jet Propulsion Laboratory among others. This data offers granularity on sources of super-emitters around the world, driving direct actions to cut methane and carbon dioxide as proven by an early mitigation success story.

Tackling methane is a global priority. This mitigation success shows how remote sensing tech can be a game changer.

On Oct. 9, Tanager-1 detected a large plume of methane which Carbon Mapper determined was stemming from a gathering pipeline in the Texas Permian Basin. The team reported the leak to a state agency and the U.S. government, who subsequently notified the facility operator. The operator quickly responded and voluntarily conducted repairs, leading to meaningful emissions reduction. Follow up observations from Tanager-1 detected no plume, confirming the leak was successfully fixed.

Carbon Mapper’s preliminary emissions estimate of this leak is approximately 7,000 kilograms of methane per hour. Each hour it was emitting equaled the same CO2 emissions as driving 47 gas-powered cars for a year.

This first verified methane mitigation action adds to existing evidence that when decision makers are empowered with data on the exact sources of emissions, they can effectively prioritize actions that cut waste and eliminate methane. This mitigation is consistent with pilot airborne surveys Carbon Mapper has conducted in several U.S. states including California and Colorado. Through these pilots, Carbon Mapper has found that nearly half of super-emitting events flagged for state agencies and operators were previously unknown, and once identified, were voluntarily mitigated.

“Tackling methane quickly is a crucial global priority. This early mitigation success story shows that remote sensing technologies with unique capabilities like Tanager-1 can be a gamechanger in driving down emissions in the near-term,” said Carbon Mapper CEO Riley Duren.

To scale these local mitigation successes globally, Carbon Mapper is making new data from Tanager-1 publicly available on its data portal. These include detections of methane and CO2 in 34 countries across the oil and gas, waste, and agriculture sectors. This work is supported by the High Tide Foundation, Grantham Foundation for the Protection of the Environment, Bloomberg Philanthropies, Children’s Investment Fund Foundation, AKO Foundation, and Zegar Family Foundation, among others.

In the coming months, Carbon Mapper will continue to scale up observations and make methane and CO2 data routinely accessible to help decision makers fill gaps in their understanding of the exact sources of emissions and empower mitigation action at the source. These routine detections will be made publicly available for non-commercial use 30 days after collection. Together, with complementary satellite programs, like the Environmental Defense Fund’s MethaneSAT, Carbon Mapper will provide transparent data at different levels of granularity and ensure that the information gets into the right hands to catalyze faster and more effective emissions reductions.

Special Note to Reporters:
More information, including plume images and key data from Tanager-1, can be found in our press package here. 

About Carbon Mapper
Carbon Mapper is a nonprofit organization based in Pasadena, CA, with the mission to drive greenhouse gas emissions reductions by making methane and carbon dioxide data accessible and actionable. It focuses on filling gaps in the emerging ecosystem of methane and CO2 monitoring systems by delivering data at facility scale that is precise, timely, and accessible to empower decision making and direct mitigation action. The organization leads a public-private coalition that is developing and deploying a constellation of satellites capable of detecting, quantifying, and verifying methane emissions worldwide. Data from these satellites will offer the next major step in scaling up the organization’s robust data portal featuring thousands of direct observations of global methane and CO2 super-emitters. Learn more at carbonmapper.org, view data at data.carbonmapper.org, and follow us on X @carbonmapper.

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SOURCE Carbon Mapper Inc.

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The Centennial Celebration of Sun Yat-sen University Held in Guangzhou

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November 16, 2024

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GUANGZHOU, China, Nov. 16, 2024 /PRNewswire/ — The Sun Yat-sen University (SYSU) held the Celebration Conference for the 100th Anniversary of SYSU and Innovation-Driven Development Forum  in the university on the morning of November 12. Over 5,500 people from governments, universities, institutions and organizations across the country as well as the SYSU alumni, faculty and student representatives attended the event.

 

In his opening remarks, Gao Song, president of Sun Yat-sen University and a member of the Chinese Academy of Sciences, mentioned the glorious century-long history of the university.

“Sun Yat-sen University was established in a time of national crisis and went through the periods from revolution to building of the People’s Republic of China. Based in Guangdong Province, the frontline of China’s reform and opening-up, SYSU has achieved a remarkable development in the new era of socialism with Chinese characteristics,” Gao said.

SYSU will expand opening up at a high level to deepen international exchange and cooperation, and build a global partnership network of universities. The university will continue to contribute its efforts to promoting mutual learning between civilizations, tackling global challenges, advancing science and technology, reaching sustainable socio-economic development, as well as improving the wellbeing of humanity, Gao added.

Lynn Pasquerella, president of the Association of American Colleges and Universities, extended congratulations to Sun Yat-sen University and spoke highly of the achievements the university has made over the past century. She said the university’s innovative research is impressive, in particular with the frontier research in bioinformatics and cancer treatment. SYSU also takes a leading position in social science research in China. She pointed out that these accomplishments can be attributed to the unremitting efforts of the university to benefit China and the rest of the world with knowledge.

The centennial celebration conference was followed by the Innovation-Driven Development Forum. Professor Jean-Marie Lehn, the Nobel Laureate in Chemistry in 1987 and also known as the “father of supramolecular chemistry”, who is now a member of the French Academy of Sciences and an international member of the Chinese Academy of Sciences, together with other distinguished experts in sectors of image and video AI and search, cloud computing, and distributed systems as well as outstanding representatives of SYSU alumni attended the forum. They discussed the role of education, science and technology, and talents in Chinese modernization.

https://youtu.be/7y2hMQpT_kE?si=MxGOIxpSkfYn2f00

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SOURCE Sun Yat-sen University (SYSU)

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