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 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 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 Automotive Navigation
Systems Market growth over the forecast period.
Get Free Sample PDF Brochure Automotive
Navigation Systems Market
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.
Automotive
Navigation Systems Market Segmentation
The MRFR report
highlights an inclusive segmental analysis of the global Automotive Navigation
Systems Market based on sales channel, propulsion, vehicle type, and device
type.
By device type, the
global 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 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 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 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 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 Automotive Navigation Systems
Market growth in the region.
The global 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 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 Automotive
Navigation Systems Market in the RoW is predicted to have sound growth over the
forecast period.
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