Digital Map Market Size, Share, Growth Factors, Emerging Technologies, Sales Revenue, Competitive Landscape, Future Prospects and Potential of Industry 2023

Market Research Future published a research report on “Digital Map Market Research Report-Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Pune, India - July 22, 2019 /MarketersMedia/ —

Global Digital Map Market Overview

Digital mapping refers to a process of compiling and formatting a collected set of data into a virtual image. It is also known as digital cartography. The primary function of digital mapping is to produce maps which provide accurate representations of a particular area, with detailed main road arteries and other landmarks. It also enables the calculation of travel distance between two places. Even though digital mapping can be used in numerous computer applications, the primary use of this technology is with the GPS satellite network used in standard automotive navigation systems.

The global Digital Map Market is estimated to register prominent growth in the foreseeable future, as per the MRFR report. The digital mapping technology is used by major players in the automotive industry for semi-autonomous and self-driven vehicles. Such extensive use of digital mapping technology is resulting in significant market growth during the forecast period. Additionally, increasing demand for geospatial services is another influential factor driving growth in the digital map market.

Digital mapping technology can cater to a vast array of services including traffic updates, fleet management, landmarks, and intersecting lanes, and can facilitate smooth deliverance of logistics services. The MRFR report projects augmentation of the digital map market in the upcoming years. With the application of digital mapping technology in the disaster management for tracking is anticipated to push the digital map market to new heights. Further, the use of digital mapping technology in the identification of natural calamities like hurricanes and earthquakes is bound to influence the market positively.

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Moreover, a rise in the number of business organizations that provide location-based services is likely to mushroom the adoption of digital mapping technologies, hence propelling market growth. Additionally, widespread adoption of smartphones and rapid penetration of internet is anticipated to proliferate the digital map market. Rising consumer reliance on digital mapping applications such as Google Maps has led to immense growth of the digital map market, globally.

Key Players:

Digital Map Products (US), TomTom (Netherlands), OpenStreetMap (UK), AutoNavi (China), and Digital Mapping Solutions (Australia), MapMan (UK), ARC Aerial Imaging Limited (UK), MapmyIndia (India), Microsoft (US), Living Map (UK), NavInfo (China), Mapbox (US), INRIX (US), MiTAC International Corporation(Taiwan), MapQuest (US), MapSherpa (Canada), Google (US), DigitalGlobe (US), Apple (US), Automotive Navigation Data (Netherlands), Esri (US), Nearmap (Australia), HERE (Netherlands), and ARC Aerial Imaging Limited (UK).

Segmental Analysis

By Type

• Services
• Solutions

By Functionality

• Scientific
• GPS navigation
• Computerized

By Application

• Indoor
• Outdoor

By Technology

• GIS
• Digital Orthophotography
• Aerial Photography
• Others

By Vertical

• Automotive
• Defense & Aerospace
• Smartphones
• Others

By Regions

• North America
• Europe
• Asia Pacific
• Rest of the World

Regional Outlook:

This report on digital map delivers a thorough analysis of the factors shaping the global digital map market, with emphasis on consumer demand across key regions such as North America, Europe, Asia Pacific, and the Rest of the World. The report recognizes the latest developments, strategies embraced by key players and market shares of each player along with analyzing their core competencies. The global digital maps market has been studied by type, functionality, application, technology, and vertical. The report also elaborates on the significant factors (drivers, restraints, opportunities, trends) governing the growth of the market. Market attractiveness analysis of segments has also been included in the report.

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Industry Update

April 2019: Wiivv has started using digital mapping technology for their new project named ‘paaww custom pet insoles.’ Under this project, Wiivv is manufacturing insoles for dogs by digitally mapping 200 points on each of the dog’s four paws using a mobile application and then using that data to design an insole to fit the dog perfectly.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:
Name: Abhishek Sawant
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Organization: Market Research Future
Website: https://www.marketresearchfuture.com

Source URL: https://marketersmedia.com/digital-map-market-size-share-growth-factors-emerging-technologies-sales-revenue-competitive-landscape-future-prospects-and-potential-of-industry-2023/88899378

Source: MarketersMedia

Release ID: 88899378

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