Global Revenues for Intelligent Speed Assistance and Autonomous Vehicle Maps Will Surpass US$500 Million by 2027
LONDON, Aug. 4, 2022 /PRNewswire/ -- Over 47 million vehicles in circulation by 2027 will rely on digital maps to underpin active safety or autonomous driving applications, according to ABI Research, a global technology intelligence firm. Applications such as lane centering, localization, and location-enriched sensor fusion will see automotive digital maps expand out of the infotainment domain, creating a new, sustained market opportunity for digital map suppliers in the automotive industry.
- Building and maintaining these maps will require a radically different curation approach, defined by crowdsourcing and automation of the pipeline."
- Further, approximately 60% of European speed restrictions are implied, with no visible signage for even the most robust perception systems.
- The key role of digital maps across the full spectrum of autonomous vehicle applications has become clear.
- These findings are from ABI Research's Automotive Maps for Intelligent Speed Assistance, ADAS, and Autonomous Driving application analysis report.