Drive for Digital Mapping Ramps Up
ABI Research forecasts the global advanced driver assistance systems (ADAS) market will reach a value of over US$39 billion, with a 9% compound annual growth rate (CAGR) from 2017 to 2028. A crucial component of ADAS would be high definition (HD) maps, which provide mission-critical functionalities due to precise localizations and driving efficiency from 3D environmental perceptions.
China has become the world’s largest automotive market with over 300 million registered vehicles, a number on par with the population of the United States. ABI Research notes that China has the potential to contribute to one quarter of the global connected vehicle market by 2025, with an average increase of 44.9% connected vehicles each year. China presses on with its ambition to have 10% to 20% of its cars to be autonomous by 2025. The OneMap Alliance, a strategic alliance between China’s NavInfo, Korea’s SK Telecom, Japan’s Pioneer/Increment P, and HERE Technologies that aims to create a single HD map for driverless cars in Asia by 2020, ho…
You must be a subscriber to view this ABI Insight.
To find out more about subscribing contact a representative about purchasing options.