Automotive Navigation Systems Market is expected to be valued at USD 30,134.3 million with a CAGR of 7.9% Forecast by 2030
Several factors are adding to the global
automotive navigation systems market Size. Some of these factors, according to
the MRFR report, include the growing demand for semi-autonomous and autonomous
cars, increasing concern for vehicle and driver safety, rapid adoption of these
systems in commercial and passenger cars in India and China, lack of parking
space, and growing support from the government to reduce road accidents.
On the flip side, the high cost of navigation
technology coupled with underdeveloped telecommunication infrastructure may
impede the global automotive navigation systems market Size growth over the
forecast period.
Automotive Navigation Systems Market COVID-19
Analysis
The COVID-19 pandemic has cast its shadow on
almost every industry, with the automotive navigation system market being no
different. Lockdowns and social distancing trends imposed by the government
during the first quarter of 2020 had a negative impact on the automotive
industry. Manufacturing facilities were shut, there was a halt in production,
and disruptions in the supply chain were also experienced. But with the gradual
lifting of the lockdown, things have started to go back to normal. People are using
cars not only for essential needs but also for long drives. All these are
likely to have a positive impact on market growth.
automotive navigation systems Market
Segmentation
The MRFR report highlights an inclusive segmental
analysis of the global automotive navigation systems market Size based on sales
channel, propulsion, vehicle type, and device type.
By device type, the global automotive navigation
systems market Size is segmented into mobile navigation system, portable, and
in-dash navigation system. Of these, the in-dash navigation system will lead
the market over the forecast period.
By vehicle type, the global automotive navigation
systems market Size is segmented into commercial vehicle and passenger cars. Of
these, the passenger car segment will dominate the market over the forecast
period.
By propulsion, the global automotive navigation
systems market Size is segmented into electric vehicle and ICE. Of these, the
ICE segment will spearhead the market over the forecast period, while the
electric vehicle segment will grow at a high CAGR.
By sales channel, the global automotive navigation
systems market Size is segmented into aftermarket and OEM. Of these, the OEM
segment will have the lion’s share in the market over the forecast period,
while the aftermarket segment will grow at a high CAGR.
Automotive Navigation Systems Market Regional
Analysis
By region, the global automotive navigation
systems market Size covers the growth opportunity and recent trends across
Europe, North America, the Asia Pacific (APAC), and the Rest of the World
(RoW). Of these, the APAC region will dominate the market over the forecast
period. The presence of a large number of manufacturers, rapid technological
advances, the growing need for the commercial voyage, rising automobile
production in Japan, South Korea, India, and China, rising population, people’s
rising purchasing power, infrastructure development, and rapid
industrialization are adding to the global automotive navigation systems market
Size growth in the region.
The global automotive navigation systems market
Size in Europe is predicted to have the second-largest share over the forecast
period for the presence of several key players like Continental AG (Germany)
and Robert Bosch GmbH (Germany).
The global automotive navigation systems market
Size in North America is predicted to have healthy growth over the forecast
period for the developing passenger market in Canada and the US.
The global automotive
navigation systems market Size in the RoW is predicted to have sound growth
over the forecast period.
automotive navigation systems market
Key Players
- Delphi
Technologies
- JVC Kenwood
Corporation
- TomTom N.V.
- Continental
AG
- Delphi
Technologies
Automotive Navigation Systems Industry
Updates
- January 2021-
HERE has entered into a strategic partnership with Mitsubishi Corporation
to allow better mobile navigation systems & location-based
advertisements in entertainment facilities and airports.
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