{"id":26354,"date":"2020-08-15T10:18:33","date_gmt":"2020-08-15T04:48:33","guid":{"rendered":"https:\/\/www.technologyforyou.org\/?p=26354"},"modified":"2020-08-15T10:18:33","modified_gmt":"2020-08-15T04:48:33","slug":"10-yoy-growth-in-asia-pacific-digital-map-market-highlights-increasing-interest-in-location-technology","status":"publish","type":"post","link":"https:\/\/www.technologyforyou.org\/10-yoy-growth-in-asia-pacific-digital-map-market-highlights-increasing-interest-in-location-technology\/","title":{"rendered":"10% YoY Growth in Asia-Pacific Digital Map Market Highlights Increasing Interest in Location Technology"},"content":{"rendered":"

Location data and technology are key for developments in autonomous driving, intelligent transport, and smart cities.<\/span><\/p>\n

The Asia-Pacific digital map market size has seen a growth of 10% from US$2.6 billion in 2018 to US$2.9 billion in 2019. According to\u00a0ABI Research<\/strong>, a global tech market advisory firm, the top 5 digital map vendors in the region had combined revenue of US$1.5 billion in 2019, making up about 53% of the region\u2019s market share. Of the five companies, four are from China, including AutoNavi, NavInfo, Tencent, and Baidu Map, showing how Chinese companies are dominating the Asia-Pacific digital map market. At the same time, there are an increasing number of international players and domestic start-ups that are rising to the occasion and penetrating the Asia-Pacific market by offering new digital map products and solutions.<\/span><\/p>\n

In recent developments, Mitsubishi, Japan\u2019s biggest trading house, and telecoms company NTT have jointly acquired a 30% ownership in HERE Technologies, the world\u2019s leading mapping company based in the Netherlands. This deal is aimed at developing route optimization services in logistics for the Japanese companies and further cements HERE\u2019s growth and penetration in the Asia-Pacific region. \u201cThere seems to be a growing focus on location data and technology as a business enhancer for many businesses in Asia-Pacific. Companies in different verticals, including automotive, transport and logistics, public sector and infrastructure, are seeking out these opportunities through investments in, and partnerships with, digital mapping companies,\u201d explains Jun Wei Ee, Research Analyst at ABI Research.<\/strong><\/span><\/p>\n

With the push for developments in fields such as autonomous driving, intelligent transport systems, and smart cities, the digital map ecosystem has seen an increase in partnerships to accelerate growth in each of these fields. For example, Toyota Motors has partnered with Chinese autonomous driving start-up Momenta in an attempt to commercialize its HD mapping system in the China market. The Japanese automaker utilizes satellites and cameras to build HD maps of roads, a crucial requirement in autonomous driving development. On the intelligent transport systems front, companies like Bosch are cooperating with local system integrator and technology service provider, FPT IS in Vietnam, to upgrade road transportation systems with smart surveillance and management systems to improve traffic flows, optimize route improvements or expansions, and issue fines.<\/span><\/p>\n

As Asia-Pacific is seeing growth in smart city projects, this consequently produces large amounts of location data that requires efficient management. Digital mapping companies utilizing technologies like artificial intelligence and big data will create endless capabilities for mapping technology to address these problems. \u201cLocation technology is set to be a crucial component in the evolution of businesses as companies look for creative and innovative ways to improve on their products and services,\u201d concludes Jake Saunders, Vice President at ABI Research.<\/strong><\/span><\/p>\n

These findings are from ABI Research\u2019s\u00a0Asia-Pacific Digital Map Ecosystem<\/a>\u00a0application analysis report.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Location data and technology are key for developments in autonomous driving, intelligent transport, and smart cities. The Asia-Pacific digital map market size has seen a growth of 10% from US$2.6 billion in 2018 to US$2.9 billion in 2019. According to\u00a0ABI Research, a global tech market advisory firm, the top 5 digital map vendors in the […]<\/p>\n","protected":false},"author":1,"featured_media":26355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,724],"tags":[13616],"class_list":{"0":"post-26354","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technology","8":"category-travel-technology","9":"tag-digital-map-market"},"_links":{"self":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/26354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/comments?post=26354"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/26354\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/media\/26355"}],"wp:attachment":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/media?parent=26354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/categories?post=26354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/tags?post=26354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}