Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The global digital map market is set to reach US$ 25.3 BN by 2030, at a 13.70% CAGR between years 2022-2030. The market has witnessed dynamic shifts, fuelled by technological advances and the growing reliance on location-based services in recent years. Another key driving force behind the market growth is the widespread adoption of smartphones equipped with GPS capabilities, enabling users to navigate seamlessly and access location-based information on-the-go. As our world gets more linked, people want maps that are true and up-to-date. This need is making the market change quickly.
The digital map market changes a lot because of always new and combined advanced tech. The coming of augmented reality (AR) and virtual reality (VR) has changed digital maps into fun, hands-on experiences. These tools give a new way to explore and find your way around. Furthermore, the growth of The Internet of Things (IoT) has made market changes even stronger. Devices that use the Internet of Things, like connected cars and smart buildings, produce a lot of information about location. Digital maps are very important for handling and understanding this information. They make it easy to plan the best way, handle traffic properly and offer services that work with specific locations. Combining IoT with digital maps has given businesses new ways to make their shipping better, improve customer experiences and increase all-around work efficiency.
With tech improvements, the online map market is affected by how companies compete and work together in smart ways. Important people and companies like Google Maps, Apple Maps and HERE Technologies keep trying to be the best by making improvements. They add more things, cover bigger areas on their maps and make sure they are correct in where everything is located. Working together between map makers online and other tech firms, like joining up mapping services with apps for ride-sharing shows how important teamwork is. It helps bring new ideas forward while also dealing with changing user needs. Different businesses are also affected by the increasing role of location information in multiple fields. Companies use digital maps for special marketing, choosing places to set up shop and finding out things based on location. Government groups use maps for planning cities, handling disasters and building roads. Adding artificial intelligence (AI) and machine learning (ML) with digital maps makes them better at solving problems.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Type, Functionality, Technology, Application, Vertical and Region |
Digital Map Market Highlights:
Digital Map Market Overview
The Digital Map Market Size was valued at USD 10.71 Billion in 2021. The Digital Map market industry is projected to grow from USD 16.22 Billion in 2022 to USD USD 25.3 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 13.70% during the forecast period (2022 - 2030).
Digital mapping has gained widespread acceptance and has unlocked the way to a plethora of new opportunities. The digital map industry is on a strong development path and is expected to continue to expand at a rapid pace in the upcoming years. A much more accurate representation of a place is provided to users through the use of digital maps, which are constantly updated with data gathered from satellites and street-level info.
Figure 1: Digital Map Market Size, 2022-2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Digital Map Market Trends
The rising adoption of mobile computing devices for navigation boosts the market growth
The feature sets of mobile computing devices like smartphones and tablets are continually evolving and growing as a result of the quick development of new technology. Map software, which is now typically preinstalled on cellphones, is one of the most recent features. It's well known that smartphone users commonly utilize their devices' built-in mapping programs to navigate and find their way about. In addition, they look into neighboring enterprises like eateries, theatres, and other attractions using geo-referenced data from GPS and GIS applications. These days, reliable 3D spatial information is frequently captured using portable computer devices. A personal digital assistant (PDA) performs functions or offers services based on data obtained from the user's device, physical location, and numerous web sources.
Rising Demand for Real-Time Mapping of Data
Real-time maps make it possible to create detailed, precise, and current digital representations. Businesses may use dynamic maps that are continually updated in the cloud to analyze and show data from sensors, devices, and social media in almost real time. Instantaneous notifications and database updates provided by this technology enable quick decision-making and action. By combining maps with real-time data, more complete mapping APIs and SDKs for asset and transportation monitoring can be made, making it simpler for developers to access all the data they can get their hands on. These APIs are included in autonomous cars' operating systems, enabling businesses to continuously update monitoring applications on traffic conditions and freshly mapped locations.
Digital Map Market Segment Insights
Digital Map Type Insights
The market segmentation is based on Services and Solutions. The Solutions segment holds the majority share in 2021. This segment offers high-end solutions that enable users to access, manage and share map data with ease. From interactive mapping applications to precise navigation solutions, this segment provides consumers with a wide array of services that can help them save time and money.
Digital Map Functionality Insights
Based on Functionality, the market segmentation includes Scientific, GPS Navigation, and Computerized. The GPS Navigation segment is projected to be the faster-growing segment during the forecast period, 2022-2030. With built-in navigation systems, drivers no longer have to worry about getting lost due to poor directions or bad maps. As a result, this segment has quickly become one of the most popular and profitable parts of the market.
Digital Map Technology Insights
Based on the Technology, the market segmentation includes GIS, Digital Orthophotography, Aerial Photography, and Others. The GIS segment dominated the market growth and provided users with a powerful tool for understanding their environment in real-time. This technology has made it easier than ever to find your way around unfamiliar places and has revolutionized the way people travel.
Digital Map Application Insights
Based on Application, the market segmentation includes Indoor and Outdoor. The Outdoor segment dominated the market in 2021. This is due to the increasing demand for outdoor maps in app-based navigation systems, especially in the car market. The outdoor segment is estimated to grow at the highest rate over the forecast period.
Digital Map Vertical Insights
Based on Vertical, the market segmentation includes Automotive, Defense & Aerospace, Smartphones, and Others. The Automotive segment dominated the market in 2021. The technology has been a part of the automotive segment and is used to generate, collect, manage, analyze, and display geographic information.
Figure 2: Digital Map Market, by Vertical, 2021 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Digital Map Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The largest market participant in the market, North America, is anticipated to expand throughout the projected period. Because digital maps are becoming more and more common in the automobile and mobile device industries, North America is anticipated to have the highest share of the market. Sales of digital maps are anticipated to increase as linked automobiles and UAVs become more prevalent. Due to the region's growing investment in mapping technology and the region's strong demand for geospatial data from a variety of end-use sectors including automotive, retail, and utilities, the digital map market in North America accounted for the region's biggest revenue share. Large companies like Apple Inc. and ESRI are assisting in the rise of North American market revenue.
Figure 3: DIGITAL MAP MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The projected period anticipates growth in the Asia-Pacific region. The whole market for digital maps in the Asia-Pacific region—including China, India, Japan, Australia, and the rest of the continent—is analyzed. Governments' increased attempts to reduce the gap between digital and geospatial technologies will likely result in more rigorous enforcement of different new technologies, which will likely lead to an expansion of the regional market. In this region, digital mapping technology is frequently used for surveying and mapping plantation crops as well as rural and agricultural development.
Europe is expected to become the main player in the worldwide digital map industry soon. The rising popularity of in-store mapping, as well as the development of retail establishments, are driving up demand for POS LBS. Caliper Corporation responds to this request by developing retail mapping software for retailers. Significant firms in the digital map sector are expected to join forces as the market.
Digital Map Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Digital Map industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Digital Map industry to benefit customers and expand the market sector. Major market players, including Google (Alphabet Inc.), HERE Technologies, TomTom, Mapbox, and others, are attempting to increase market demand by funding R&D initiatives.
Google completed a corporate restructuring and became an Alphabet subsidiary. Please see the Alphabet profile for more metrics. Google is a firm focused on Internet-related services and products. It offers solutions for internet advertising, a search engine, cloud computing, software, and hardware. Connected Home, Gmail, Google Duo, Google Play, Waze, and YouTube are among the goods available to the general public. The company also provides products for businesses, such as Blogger, AdMob, Google Workspace, Google Merchant Center, Google Ads, Google Trends, and Waze Local.
HERE Technologies (formerly HERE ) is a mapping, navigation, and location solutions provider. It creates a platform with mapping material, a marketplace, and an integrated set of solutions, services, and development tools. The automotive, public sector, infrastructure, transportation, and logistics industries are all served by the organization.
Key Companies in the Digital Map market include
- Google (Alphabet Inc.)
- NavInfo
- INRIX
- MiTAC International Corporation
- TomTom
- HERE Technologies
- OpenStreetMap
- AutoNavi
- Digital Map Products
- Mapbox
Digital Map Industry Developments
July 2022: Google declared the launch of its Street View experience in India in collaboration with Genesys International, an advanced mapping solutions company, and Tech Mahindra, a provider of digital transformation, consulting, and business re-engineering solutions and services. Google, Tech Mahindra, and Genesys International also plan to extend this to more than around 50 cities by the end of the year 2022.
Digital Map Market Segmentation
Digital Map Type Outlook
-
Services
-
Solutions
Digital Map Functionality Outlook
-
Scientific
-
GPS Navigation
-
Computerized
Digital Map Technology Outlook
-
GIS
-
Digital Orthophotography
-
Aerial Photography
-
Others
Digital Map Application Outlook
-
Indoor
-
Outdoor
Digital Map Vertical Outlook
-
Automotive
-
Defense & Aerospace
-
Smartphones
-
Others
Digital Map Regional Outlook
-
North America
- US
- Canada
-
Europe
-
-
Germany
-
France
-
UK
-
Italy
-
Spain
-
Rest of Europe
-
- Asia-Pacific
-
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
-
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
