20 September 2018 Automotive Digital Mapping Market 2018 Global Trends, Market Share, Industry Size, Growth, Opportunities and Forecast to 2023
Digital Journal
The study objectives are to present the Automotive Digital Mapping development in United States, Europe and China.
Digital mapping has emerged as a crucial factor while developing autonomous cars, as they have to be accurate to help avoid collision with other objects within the field of view. Digital mapping in the automotive sector has been evolving at a rapid pace, as a majority of the automobiles being manufactured are being fitted in with a navigation system to help assist the end-user by providing accurate navigational assistance.
Asia-Pacific is home to the largest population across the globe, with the majority of the population being concentrated in the rapidly developing nations of India and China. With the population witness a rise in income levels, consumers are prioritizing investments in safety devices within the automobiles, and hence the rising purchasing power is set to propel the demand for ADAS and autonomous cars heavily in the region. With the potential for sheer volume growth in the number of automobiles being operated on the busy streets of these developing nations, the market in the region is expected to witness a prosperous growth during the forecast period.
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