Digital Map Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Digital Map Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • April 2022 •
  • 147 pages •
  • Report ID: 5949607 •
  • Format: PDF
The global digital map market reached a value of US$ 4.17 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 8.98 Billion by 2027, exhibiting a CAGR of 14.06% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A digital map refers to a web-based software solution that is used to represent a specific road, area or geographical location. It is virtually created by collecting data and formatting it into an image through digital formatting that is presented on a digital interface. It consists of various graphical elements that are combined to provide information of waterbodies, roads and important landmarks in a given area. It is also used for calculating distances between different places. Digital maps offer various benefits, such as scalability, accuracy, real-time information, interaction and compact systems to operate. Owing to this, they find extensive applications in smart parking, location, traffic and congestion intelligence, navigation and logistics management.

Rapid urbanization and the increasing adoption of mobile computing devices for navigation are among the key factors driving the growth of the market. There is a rising demand for 3D platforms and advanced technologies that use visualization, simulations and dynamic location-based inputs. Furthermore, the increasing utilization of digital maps in the construction and engineering sectors is also providing a boost to the market growth. Construction engineers visualize territorial data for efficient infrastructural planning and implementing adequate safety measures in buildings. Additionally, various technological advancements, such as the advent of cloud technology and big data in digital mapping solutions to process large amounts of geospatial information, are acting as another growth-inducing factor. The adoption of real-time digital maps in passenger and commercial vehicles, along with the development of user-friendly platforms, are some of the other factors that are expected to drive the market further.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global digital map market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, usage, solution, deployment mode, application and end-use industry.

Breakup by Type:
GIS
LiDAR
Digital Orthophotography
Aerial Photography
Others

Breakup by Usage:
Indoor
Outdoor

Breakup by Solution:
Software
Services

Breakup by Deployment Mode:
Cloud-based
On-premise

Breakup by Application:
Real-Time Location Data Management
Geocoding and Geopositioning
Routing and Navigation
Asset Tracking
Others

Breakup by End-Use Industry:
Automotive
Engineering and Construction
Logistics and Transportation
Energy and Utilities
Military, Aerospace and Defense
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Apple Inc., Collins Bartholomew, Digital Map Products Inc. (LightBox), Environmental Systems Research Institute Inc., Getmapping, Google LLC (Alphabet Inc.), HERE Technologies, MAPQUEST INC. (America Online), Maxar Technologies, Nearmap, ThinkGeo LLC, TomTom International B.V., etc.

Key Questions Answered in This Report:
How has the global digital map market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global digital map market?
What is the breakup of the market based on the type?
What is the breakup of the market based on the usage?
What is the breakup of the market based on the solution?
What is the breakup of the market based on the deployment mode?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end-use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global digital map market and who are the key players?
What is the degree of competition in the industry?