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Navigating Tomorrow: Global Digital Map Market Surges to USD 18.18 Billion in 2022, Poised for 15.8% CAGR Growth by 2030 | AutoNavi Holdings Ltd., Apple Inc., Maxar Technologies

Navigating Tomorrow: Global Digital Map Market Surges to USD 18.18 Billion in 2022, Poised for 15.8% CAGR Growth by 2030 | AutoNavi Holdings Ltd., Apple Inc., Maxar Technologies

Report Ocean is a comprehensive analysis of the “Digital Map Market”  that includes both qualitative and quantitative data. The report covers various regions and provides insights into major industry changes, challenges faced by businesses and competitors, and potential new opportunities in the market. It also includes a SWOT analysis, Porter’s Five Forces model, and a value chain review to help readers understand the industry’s position in the market and the stakeholder positions.

The Global Digital Map Market, valued at approximately USD 18.18 billion in 2022, anticipates a robust growth rate of more than 15.8% over the forecast period from 2023 to 2030. This market segment is dedicated to the development and application of digital maps, providing geospatial information and navigation services across diverse digital platforms such as mobile devices, GPS systems, and web-based applications.

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Digital maps encompass crucial data on roads, landmarks, points of interest, terrain, and more, empowering users with seamless navigation, route planning, and access to location-based services. Serving industries like transportation, logistics, tourism, and urban planning, the Digital Map Market is a cornerstone for efficient and effective location-based decision-making and services. The market’s momentum is fueled by the increasing use of smartphones and the growing adoption of global navigation satellite systems.

Digital maps are pivotal for navigation, route planning, and point of interest identification. The European GNSS Agency reports that the installed base of global navigation satellite system (GNSS) devices worldwide is expected to reach about 10.6 billion by 2031, compared to approximately 6.5 billion in 2021. Furthermore, the global GNSS market was valued at approximately USD 150.5 billion last year. The rise in smartphone usage for navigation is a significant market driver, with 2020 witnessing 1,351.84 million smartphones sold, and this number continued to rise in 2021, reaching 1,433.86 million. The increasing number of smartphone users and vehicles on roads propels market growth. Despite these positive trends, concerns about privacy and data protection may pose challenges throughout the forecast period from 2023 to 2030.

Key Regions and Market Players:

The key regions in the Global Digital Map Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America led the market in 2022 due to rapid technology adoption, numerous industry players in the region, and a developed automobile sector. Meanwhile, Asia Pacific is poised as the fastest-growing region, driven by increasing digital map usage by governments for rural and agricultural development and a rapid demand for GIS systems.

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Major Market Players:

  • AutoNavi Holdings Ltd.
  • Apple Inc.
  • Maxar Technologies.
  • Environmental Systems Research Institute (ESRI), Inc.
  • Google LLC (Alphabet Inc.).
  • Getmapping Plc.
  • HERE Holding Corporation
  • Intermap Technologies Inc.
  • NavInfo Co., Ltd.
  • TomTom International BV

Recent Developments News:

  • In November 2022, TomTom International B.V. launched the TomTom Maps platform, an innovative geospatial data ecosystem and mapping platform. This platform integrates data from various sources, creating a comprehensive pool of map information that includes Open Street Map, probe data, sensor-derived observations from billions of vehicles, and shared points of interest. The platform facilitates a deep understanding of geographical changes and provides a reliable and up-to-date base map for the entire world. TomTom Maps platform represents a significant leap forward in geospatial mapping, benefiting various applications and industries reliant on accurate and current location-based information.

Study Objectives:

The study aims to define market sizes of different segments & countries and forecast values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.

The report provides detailed information about crucial aspects such as driving factors, challenges, and potential opportunities in micro markets for stakeholders to invest. Additionally, it also incorporates a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained comprehensively.

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Market Segmentation:

  • Type:
    • Geographic Information System (GIS)
    • LiDAR
    • Digital Orthophotography
    • Aerial Photography
    • Global Positioning System (GPS)
  • Service:
    • Consulting
    • Development & Integration
    • Support & Maintenance
  • Mapping Type:
    • Indoor
    • Outdoor
    • Metaverse
  • Application:
    • Asset Tracking
    • Geo-positioning and Geocoding
    • Routing and Navigation
    • Others
  • End User:
    • Automotive
    • Military & Defense
    • Mobile Devices
    • Enterprise Solutions
    • Logistics, Travel, and Transportation
    • Infrastructure Development and Construction
    • Others
  • Region:
    • North America
      • U.S.
      • Canada
    • Europe
      • UK
      • Germany
      • France
      • Spain
      • Italy
      • ROE
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • RoAPAC
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of Middle East & Africa

Global Digital Map Market Report Scope:

  • Historical Data: 2020 – 2021
  • Base Year for Estimation: 2022
  • Forecast Period: 2023-2030
  • Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered: Type, Service, Mapping Type, Application, End User, Region
  • Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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Advantages of Opting for Our Market Research Report:

Strategic Decision-Making:

Our market research reports provide invaluable insights for strategic decision-making. By analyzing industry trends, market dynamics, and emerging opportunities, businesses can make informed choices that align with their long-term goals and objectives.

Market Understanding:

A comprehensive understanding of the market is crucial for success. Our reports delve deeply into market size, segmentation, and growth drivers, ensuring businesses have a nuanced comprehension of the landscape they operate in, aiding in effective planning and execution.

Competitive Intelligence:

Staying ahead of the competition is paramount. Our reports offer detailed competitive intelligence, highlighting key players, their market share, strategies, and strengths. This enables businesses to identify opportunities for differentiation and develop robust strategies for sustainable growth.

Customer Insights:

Understanding customer behavior is fundamental to success. Our research provides in-depth customer insights, including preferences, buying patterns, and needs. This information is instrumental in tailoring products and services to meet customer expectations and enhance overall satisfaction.

Risk Mitigation:

Every business venture involves risks, and our reports are designed to identify and assess potential risks within the industry. This proactive approach empowers businesses to develop risk mitigation strategies, ensuring resilience in the face of challenges and uncertainties.

Investment and Funding Decisions:

For investors and stakeholders, our reports offer a reliable foundation for investment decisions. Through thorough analysis of market trends and growth projections, we provide essential information to support sound investment and funding choices, maximizing returns on investment.

Validation and Credibility:

Our market research reports undergo rigorous analysis and validation processes, ensuring the credibility of the information presented. Businesses can rely on our reports as trustworthy sources, fostering confidence in decision-making processes and strategic planning.

Long-term Business Planning:

Successful businesses thrive on effective long-term planning. Our reports provide a forward-looking perspective, forecasting industry trends and potential challenges. This foresight is indispensable for crafting robust business plans that stand the test of time and dynamic market conditions.

Key Questions Answered by the Report:

  • What are the driving factors for market growth?
  • What challenges and limitations does the market face?
  • What emerging opportunities exist in the market?
  • What potential threats and risks could impact the market?
  • What is the current market size and growth rate?
  • What are the market segments and their sizes?
  • Which regions are projected to experience the highest growth and market share?
  • What variables affect different geographical areas?
  • Who are the major players in the market and their rankings?
  • What recent partnerships, launches, expansions, or acquisitions have occurred among the companies profiled?
  • What are the comprehensive profiles of the top market players, including business overview, insights, product benchmarking, and SWOT analysis?
  • What is the present market outlook, considering recent changes and growth possibilities?
  • What are the drivers, obstacles, and restrictions in both developing and emerging regions?
  • How does the market analysis utilize Porter’s five forces analysis?
  • How does the Value Chain provide insights into market dynamics?

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About Report Ocean:

Report Ocean stands as a preeminent provider of market research reports within the industry. Renowned globally, we are acclaimed for delivering insightful and informative research reports. Our commitment lies in furnishing clients with a comprehensive blend of both quantitative and qualitative research outcomes. As an integral component of our expansive global network and thorough industry coverage, we offer an in-depth reservoir of knowledge that empowers strategic and well-informed business decisions. Our approach integrates cutting-edge technology, advanced analysis tools, and our proprietary research models, all underpinned by years of expertise. This synergy allows us to craft essential details and facts that consistently surpass expectations.

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