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The future of the global HD map for autonomous vehicle market looks promising with opportunities in advertisement, localization, mapping, and update & maintenance segments. The global HD map for autonomous vehicle market is expected to grow with a CAGR of 36%-38% from 2021 to 2026. The major drivers for this market are increase in the vehicle rental and online cab services, increasing traffic congestion, and rising interest for secure automobiles.
Emerging trends, which have a direct impact on the dynamics of the industry, include development in 5G innovation, government initiation for autonomous driving and increasing investments by start-ups in development of HD maps.
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