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The digital map market is changing a lot and new patterns, making how we move around maps different. It's altering the way our brains deal with information about where things are located on Earth too. A major factor leading this market is the growing connection of location-based services in many fields. People running companies are seeing how useful location information can be for improving things they do, making customers happier and getting better than others. As companies use geospatial information for important decisions, there is a big need for digital maps in areas like shopping and shipping.
This also includes healthcare services that are becoming smarter with cities built to be more smart. Also, high tech things like artificial intelligence (AI) and the Internet of Things are very much changing how digital maps work. Maps that use AI help us analyze data quickly and in real time. This makes travel planning easier, predicting traffic accurately, and doing location analysis better. Connecting IoT devices with digital maps is helping make smart maps. These can change when needed, making them very useful for uses like transportation systems and tracking assets that are not fixed in location. One more important change in the digital map business is that indoor maps and navigation are becoming popular. As the need grows for services that work based on a place, indoor maps are becoming popular in places like shopping centres, airports and big office buildings.
These inside maps help people find their way in big buildings. They also give companies a chance to show special ads and custom experiences based on where users are indoors. Also, the growing focus on being sustainable and caring for our environment is affecting what's happening with digital maps. We are using location technology to watch over natural resources, follow changes in the environment and plan for cities that last. Help with climate action, saving nature and dealing with disasters is given by digital maps. They give spatial views to make decisions better. Map making together online is also changing market trends. Map making tools and group efforts are promoting a feeling of local map-making. This way makes people add and fix map details, leading to better and recent data. Working together is very helpful, especially in places where it's hard to get usual map materials.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | User-Friendly Technological Advancements |
| Market Dynamics | Increase in the Use of Smartphones Increase in the Use of Geospatial Information |
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
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Services
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Solutions
Digital Map Functionality Outlook
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Scientific
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GPS Navigation
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Computerized
Digital Map Technology Outlook
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GIS
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Digital Orthophotography
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Aerial Photography
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Others
Digital Map Application Outlook
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Indoor
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Outdoor
Digital Map Vertical Outlook
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Automotive
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Defense & Aerospace
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Smartphones
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Others
Digital Map Regional Outlook
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North America
- US
- Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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- Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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