USD 23.1 billion
Digital Map Market Size, Share, Growth Analysis, By Offering (Solution, Services), By Mapping Type (Outdoor Mapping, Indoor Mapping), By Purpose (Navigation Maps, Thematic Maps), By Scale (Large Scale Maps, Small Scale Maps), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45B2136 |
Region:
Global |
Published Date: November, 2024
Pages:
178
|Tables:
89
|Figures:
71
Digital Map Market Insights
Global Digital Map Market size was valued at USD 23.1 billion in 2022 and is poised to grow from USD 25.9 billion in 2023 to USD 59.6 billion by 2031, growing at a CAGR of 11% during the forecast period (2024-2031).
The digital map market is predicted to rise because of factors such the increasing use of mobile computing devices for navigation, the widespread use of 3D platforms, and the development of improved technologies for surveying and creating digital maps. In addition, there is a rising need for businesses in various sectors such as consumer goods, transportation and logistics to enhance consumer experience, improve operational efficiencies, and efficiently allocate resources through deployment of electronic charts because of the increasing interest in location-based services. Real-time navigational aids and a mounting reliance on smartphones and alternative global positioning system gadgets have made geospatial information an increasingly important part of digital mapping.
Legal problems and the availability of free digital maps created by crowdsourcing, however, limit the growth. Also, the digital map sector has many opportunities due to the rapid use of real-time digital maps. Furthermore, throughout the projected period, the incorporation of cutting-edge technologies like artificial intelligence (AI) and machine learning (ML) into digital mapping is anticipated to offer profitable prospects for market expansion. Furthermore, a growing quantity of location-based data is being produced by Internet of Things (IoT) devices and sensors, which is driving up need for sophisticated mapping technology.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Navigation maps
Fastest Growth
Satellite Imagery
Growth Rate
11%
Global Digital Map Market ($ Bn)
Country Share by North America (%)
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Digital Map Market Segmental Analysis
Global Digital Map Market is segmented by Offering, Mapping Type, Scale, Application, Vertical, and region. Based on Offering, the market is segmented into Solution (Mapping Data, Web Mapping, GPS-enabled Services, Geographic Information System (GIS)) Services, and Services (Consulting, Support & Maintenance, Deployment & Integration). Based on Mapping Type, the market is segmented into Outdoor Mapping, Indoor Mapping, and 3D & 4D Metaverse. Based on Scale, the market is segmented into Large Scale Maps, Small Scale Maps. Based on Application, the market is segmented into Real-Time Location Data Management, Geocoding and Geopositioning, Routing and Navigation, Asset Tracking, Reverse Geocoding, and Other Applications. Based on Vertical, the market is segmented into Government & Defense, Infrastructure Development & Construction, Travel, Transportation, & Logistics, Automotive, Retail, Finance & Insurance, Manufacturing, Energy, Utility, & Natural Resources, Other Verticals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Digital Map Market Analysis by Mapping Type
As per categorization by mapping type, the market is classified as outdoor mapping, indoor mapping and 3D & 4D metaverse. Among these, outdoor mapping earned the largest share and continues to dominate the market. Developments in GPS, satellite images, and artificial intelligence (AI) for geospatial analytics have created a huge demand for digital mapping products offered by Outdoor Mapping Type. Essentially, this has seen it become the leading market player of digital maps. Furthermore, its progress is largely driven by applications such as navigation, urban planning, and autonomous vehicles— all of which require accurate on-time data essential for different socio-economic sectors.
The projected rapid growth in the global digital map market of the 3D & 4D Metaverse Type is attributed to the increasing demand for immersive virtual experiences, developments in VR/AR/MR technologies, and applications in gaming, real estate, and social platforms, which spur innovation and increase user engagement in dynamic digital environments.
Digital Map Market Analysis by Purpose
Navigation maps currently hold a dominant market share in the global digital map market primarily due to continuous improvements in real-time traffic updates for better route optimization and AI integration to support personalized experiences. Their high utility in self-driving cars, logistics, and daily transport is a key indicator of their significance in enhancing ease of operation and effectiveness across several sectors.
As imagery from satellites is required for responding to disasters, precision agriculture as well as tracking various environmental changes, as expected it will show the fastest growth rates in global digital mapping market. The requirement for highly accurate geographic information that is timely too has stemmed from higher resolutions alongside AI incorporation into them as well as extending to other sectors.
Global Digital Map Market By Mapping Type (%)
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Digital Map Market Regional Insights
North America currently leads the global market for digital maps, since it has a well-developed technological infrastructure, high GPS and IoT devices penetration rates, and a great deal of money spent on AI and machine learning. This is due to the presence of advanced IT companies; the presence of authoritative bodies in this field; and contribution from various government departments towards realization of smart cities concept. Additionally, North America is positioned as a leader in the digital mapping industry, propelling market growth and development. This is due to the region's focus on innovation and early adoption of cutting-edge technologies, as well as the widespread use of digital maps in industries like automotive, logistics, and navigation.
Owing to high outlays on smart city programs, increasing smartphone penetration, and fast urbanization, the Asia Pacific is the fastest growing region in the global digital map market. High demand for real-time traffic control as well as elaborate navigation systems comes from the burgeoning automotive sector especially in China and India. Moreover, better use and precision of digital maps can be related to important improvements in 5G tech and IoT devices’ wider distribution. For sure, in Asia Pacific, digital mapping is on the rise, and this is also connected with innovation and growth processes, enforced by government drive and private-public cooperation, which all aim at increasing geospatial information quality and expanding infrastructure.
Global Digital Map Market By Geography
- Largest
- Fastest
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Digital Map Market Dynamics
Digital Map Market Drivers
Growing Use of Smartphones and Internet is Increasing Need for Digital Maps
- The need for digital maps has increased dramatically due to the development in smartphone and internet usage worldwide, especially for real-time tracking and navigation. The development and adoption of digital mapping technology have been pushed forward by high consumer demand for reliable navigational tools resulting from increased phone use as well as Internet consumption.
Geospatial Data Analytics Promoting Sustainable Development and Efficient Resource Allocation
- Businesses and governments may efficiently manage complex challenges, promote sustainable growth, and optimize resource allocation by utilizing advanced analytics technologies. The increase in geospatial information use has been considerable over the last few years, highlighting the importance of geographic data analytics in building a sustainable resilient future. This underscores the role international programmes and legislative frameworks play in emphasizing how vital geographic data analytics will be in creating a future that is more sustainable and resilient.
Digital Map Market Restraints
Risk of Data Breaches and Illegal Access Impeding Market
- The digital map market is hindered by worries about data privacy and security. As digital maps continue to collect large amounts of location-based data containing personal details, the likelihood of unauthorized access and data leakage increases. Juggling between location-based services and user privacy can be a tough call, more so in the age of live tracking as well as personalized recommendations.
Inadequate Infrastructure and Internet Connectivity in Developing Nations Presents Difficulties
- A serious impediment to the development of the digital map business is the lack of proper infrastructure and internet connectivity, which is experienced by approximately fifty percent of the global population making accessibility of Digital Maps difficult in places with bad infrastructure and internet connectivity. The least developed countries have the biggest differences in connectivity, with only 19% of them online.
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Digital Map Market Competitive Landscape
In the highly competitive global digital map market, collaboration and innovation are key differentiators. Prominent global corporations comprise Google (with its Maps product), Apple (with its Maps product), HERE Technologies, TomTom, and Esri. These gamers use technological advancements which include artificial intelligence, machine learning and satellite image to create good maps and improve user experience. Their key is in continuous development expenditure in research and development, as well as collaboration with smart city, logistics and automotive projects within this rapidly changing area.
Digital Map Market Top Player’s Company Profiles
- Google LLC
- Apple Inc.
- TomTom N.V.
- Environmental Systems Research Institute, Inc. (Esri)
- HERE Global B.V.
- Nearmap Ltd
- INRIX, Inc.
- LightBox Holdings, L.P.
- ServiceNow, Inc.
- Inpixon
- Microsoft Corporation
- Maxar Technologies Inc.
- Emapa S.A.
- Dabeeo Inc.
- Caliper Corporation
- C.E. Info Systems Limited (MapmyIndia)
- GeoVerra Inc.
- Orbital Insight, Inc.
- Digimap Limited
- MapQuest, Inc.
Digital Map Market Recent Developments
- In June 2024, Google Maps now provides enhanced predictive traffic analysis and personalized route suggestions, among other AI-powered capabilities. These advancements utilize machine learning to adapt to dynamic contexts and individual tastes, offering customers more accurate and efficient ways to get around.
- In April 2024, TomTom and Microsoft teamed up to offer TomTom’s mapping expertise to Azure Maps. This collaboration is expected to help businesses improve their location-based services and geospatial analytics through higher data accuracy and insights drawn in real-time. It is for these reasons that TomTom has been able to get into cloud computing and enterprise solutions industries.
- In May 2024, Here Technologies introduced mapping solutions that are beneficial to the autonomous vehicle communities. Their endeavor is aimed at improving their status in the auto sector through the provision of very accurate roads information that is updated without delay, thereby enhancing safety in cases of driverless cars.
Digital Map Key Market Trends
- Surge in Autonomous Vehicle Integration: A major trend in the industry that drives the growth of the business is the merging of digital maps and autonomous vehicle technology so that it can move on its own. It might be dangerous for driverless cars if real-time updates are not available for them to use high resolution maps. Corporate entities in the transport sector invest massively in modern cartographical systems that can improve driverless car performance levels while ensuring customer loyalty.
- Expansion of Smart City Projects: The market for digital maps is being driven by the widespread implementation of smart city programmes worldwide. These projects require accurate and recent geographic information that can only be provided through AI. Digital mapping serves as the foundation for smart city transformation, whether it is optimizing land use, conducting need assessment for various services or conducting predictive analysis on potential growth.
Digital Map Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the growing usage of 3D platforms, the development of sophisticated surveying technologies, and the growing adoption of mobile computing devices for navigation are all expected to significantly boost growth in the global digital map market. Driven by the growing need for location-based services, industries including retail, logistics, and transportation are utilizing digital maps to improve consumer experiences, optimize workflows, and effectively distribute resources.
However, the availability of free crowdsourced maps and legal concerns limit growth. There are a lot of chances for market expansion due to the convergence of AI and machine learning and the growth of IoT devices. The market for digital maps is expected to grow as the importance of geospatial data increases, especially with the developments in real-time mapping.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 23.1 billion |
| Market size value in 2031 | USD 59.6 billion |
| Growth Rate | 11% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Digital Map Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Digital Map Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Digital Map Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Digital Map Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Digital Map Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Digital Map Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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