EV mapping and routing are critical to the continued adoption of zero emissions vehicles
BOULDER, Colo., April 9, 2024 /PRNewswire/ — A new report from Guidehouse Insights explores how mapping and routing technologies support EV and automated vehicle (AV) development.
Mapping and routing services have become nearly ubiquitous in transportation, used by drivers, bikers, and even pedestrians. Originally seen as a luxury option for certain vehicles, mapping and routing software is now built into nearly every smartphone by default. However, as EVs and AVs begin to penetrate the light duty vehicle (LDV) market, the importance of this technology is starting to be seen in a new light. According to Guidehouse Insights, by 2035, 61% of LDVs sold will be battery EVs and 45% of new LDVs will have a system that includes a camera, radar, and lidar.
For EVs, these services increase ease of use and alleviate range anxiety. For AVs, mapping and routing are necessary technologies.
“EVs and AVs will be the standard sooner than most might expect,” says Jake Foose, research analyst with Guidehouse Insights. “As market penetration advances, the need for mapping and routing services specifically geared toward these segments becomes clear.”
Guidehouse Insights recommends EV OEMs utilize mapping and routing services to ensure their vehicles are seen as reliable and convenient; AV OEMs should be developing high definition (HD) maps of the road to operate vehicles safely; and maps should be kept updated in as close to real time as feasible to ensure that both EVs and AVs can function reliably and without getting stranded, according to the report.
The report, Mapping and Routing Advances Support the Transition to EVs and Automated Vehicles, analyzes the market trends for EVs, AVs, and mapping and routing services. It discusses how the technology stack for mapping and routing can be used to increase convenience and alleviate range anxiety for EV drivers. It also explores how the creation of detailed HD maps enables the development of consumer AVs. The report ends with recommendations for OEMs and software developers in each of these segments to prepare them for a future where most cars sold are both an EV and an AV. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 16,000 professionals in over 55 locations globally. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Mapping and Routing Advances Support the Transition to EVs and Automated Vehicles, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
For more information, contact:
Cecile Fradkin for Guidehouse Insights
+1.646.941.9139
[email protected]
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SOURCE Guidehouse Insights
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