According to IMARC Group’s latest report, titled “Digital Map Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” Offers a comprehensive analysis of the industry, which comprises insights on digital map market.
The global digital map market reached a value of US$ 4.17 Billion in 2021. A digital map is an electronic map that accurately represents a specific area, detailing major road arteries, rivers, shopping complexes, and other geographical locations. It comprises a combination of graphic elements assigned to it in the form of electronic information of roads, water bodies, and significant landmarks of a specific area. It helps calculate the distance between two different places or cities, track natural disasters, and monitor other environmental emergencies. It is used in technology, such as google maps, global positioning systems (GPS), foursquare, and google earth. It also finds applications in logistics movement, smart parking, traffic and congestion intelligence, and navigation.
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Significant growth in the automotive industry, coupled with numerous technological advancements in automobiles, represents one of the key factors escalating the demand for real-time digital maps in private and commercial vehicles. Furthermore, rapid digitalization and the growing adoption of mobile computing devices for navigation are positively influencing the market. Moreover, the widespread utilization of digital maps in the engineering and construction sectors is driving the market. Looking forward, IMARC Group expects the market to reach US$ 8.98 Billion by 2027, exhibiting a CAGR of 14.06% during 2022-2027.
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List of Key Companies Covered in this Market Report:
- Apple Inc.
- Collins Bartholomew
- Digital Map Products Inc. (LightBox)
- Environmental Systems Research Institute Inc.
- Google LLC (Alphabet Inc.)
- HERE Technologies
- MAPQUEST INC. (America Online)
- Maxar Technologies
- ThinkGeo LLC
- TomTom International B.V.
The report has segmented the market on the basis of type, usage, solution, deployment mode, application, end-use industry and geography.
Breakup by Type:
- Digital Orthophotography
- Aerial Photography
Breakup by Usage:
Breakup by Solution:
Breakup by Deployment Mode:
Breakup by Application:
- Real-Time Location Data Management
- Geocoding and Geopositioning
- Routing and Navigation
- Asset Tracking
Breakup by End-Use Industry:
- Engineering and Construction
- Logistics and Transportation
- Energy and Utilities
- Military, Aerospace and Defense
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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