Australia Automotive Navigation Systems Market Overview:
Car GPS navigation systems have become indispensable tools
for modern drivers, revolutionizing the way we navigate roads and explore new
destinations. These systems utilize satellite technology to provide real-time,
turn-by-turn directions, helping drivers reach their destinations efficiently.
With user-friendly interfaces displayed on in-car screens, drivers can easily
input addresses, find points of interest, and receive accurate route guidance.
The integration of live traffic data further enhances the functionality,
allowing these systems to dynamically adjust routes to avoid congestion and
optimize travel time. Car GPS navigation systems not only contribute to
convenience but also enhance safety by minimizing distractions and reducing the
likelihood of getting lost.
The global Australia
Automotive Navigation Systems Market is expected to expand at a compound
annual growth rate (CAGR) of 7.90% between 2023 and 2032, from USD 17.16
billion in 2023 to USD 31.52 billion by 2032. In 2022, the Australia Automotive
Navigation Systems Market was estimated to be worth USD 15.9 billion. A
navigation system is a system that is satellite-based used in vehicles for
determining its position and the route to a specific place. It instructs the
driver to turn right or left at a specific junction to reach their destination.
This system also improves the driving experience and safety.
The evolution of car GPS technology has seen the integration
of additional features, such as voice commands, lane guidance, and 3D maps,
making the driving experience more intuitive and enjoyable. As smartphones have
become ubiquitous, many car navigation systems now offer seamless integration
with mobile devices, allowing for features like hands-free calling and access
to music and other apps. The continuous advancements in GPS technology
highlight its importance as an essential component of modern vehicles, providing
drivers with reliable and sophisticated tools to navigate the ever-expanding
road networks.
This 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 Australia Automotive Navigation Systems Market growth over the forecast
period.
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Car GPS 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.
Car GPS Navigation Systems Key Players
- Robert
Bosch GmbH (Germany)
- NNG
Software Developing and Commercial Llc. (Hungary)
- TomTom
N.V. (US)
- Telenav,
Inc. (US)
- Pioneer
Corporation (US)
- JVC
Kenwood Corporation (Japan)
- HERE
Technologies (US)
- Harman
International Industries, Inc. (US)
- Garmin
Ltd (US)
- Denso
Corporation (Japan)
- Delphi
Technologies (UK)
- Continental
AG (Germany)
- Clarion
Corporation (US)
- AISIN
SEIKI Co., Ltd (Japan)
- Alpine
Electronics, Inc. (Japan)
Car GPS Navigation Systems 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.
Australia Automotive Navigation Systems Market
Segmentation
The MRFR report highlights an inclusive segmental analysis
of the global Australia Automotive Navigation Systems Market based on sales
channel, propulsion, vehicle type, and device type.
By device type, the global Australia Automotive Navigation
Systems Market 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 Australia Automotive Navigation
Systems Market 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 Australia Automotive Navigation
Systems Market 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 Australia Automotive Navigation
Systems Market 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.
Car GPS Navigation Systems Regional Analysis
By region, the global Australia Automotive Navigation
Systems Market 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 Australia Automotive Navigation Systems Market growth in the
region.
The global Australia Automotive Navigation Systems Market 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 Australia Automotive Navigation Systems Market 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 Australia Automotive Navigation Systems Market in
the RoW is predicted to have sound growth over the forecast period.
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