Global Automotive Navigation Systems Market Forecast to 2030
The global automotive navigation systems market size is expected to reach USD 56.91 billion in 2030 and register a revenue CAGR of 7.3% over the forecast period, according to the latest analysis by Emergen Research. Growth of the automotive industry, increased traffic congestion, rising adoption of automotive Global Positioning System (GPS) navigation systems, rising population, rising demand for real-time traffic data, and rising investment in the development of automotive infrastructure in emerging countries are key factors expected to support market revenue growth between 2022 and 2030. There has been an increase in demand for navigational accuracy over the last few years. Moreover, GPS technology has progressed significantly in the last few years, making rides much easier and safer.
The Global Automotive Navigation Systems Market Research Report by Emergen Research was developed via analysis of key commercial data and a broad geographic distribution. The study provides comprehensive coverage of the qualitative and quantitative analyses of the Automotive Navigation Systems market in addition to significant market statistical data. Both current estimates through 2022 and historical data from 2018 to 2019 are provided in the research paper. The study also examines established and emerging market players, providing a broad overview of the company, its product line, commercial alliances, and expansion ambitions.
There has been a growth in demand for safety and navigation features such as Advanced Driver Assistance Systems (ADAS), Lane Departure Warning Systems (LDWS), and GPS navigation systems for enhanced road safety and convenience. Several market players are introducing new features and innovative software in order to provide better and more precise navigation services. In January 2021, for instance, Alps Alpine and Qualcomm introduced ‘ViewPose’, a precise positioning system created to overcome the limitations of traditional GPS, particularly in metropolitan areas with inconsistent signals.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Automotive Navigation Systems market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
TomTom International BV., Mitsubishi Electric Corporation, Continental AG, Pioneer Corporation, Telenav Inc., NNG Software Developing and Commercial Llc., Robert Bosch GmbH, ALPINE ELECTRONICS, Inc., Renault Group, and Ford Motor Company
Research Report on the Automotive Navigation Systems Market Addresses the Following Key Questions:
Who are the dominant players of the Automotive Navigation Systems market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Automotive Navigation Systems market?
What are the key growth drivers and restraining factors of the Automotive Navigation Systems market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Automotive Navigation Systems market and its key segments?
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Some Key Highlights from the Report
In-dash navigation systems segment accounted for largest revenue share in 2021. In-dash navigation systems refer to a vehicle\'s integrated navigation system that displays maps and provides turn-by-turn directions for location routes. It can provide real-time traffic information, 3D High Definition (HD) maps, weather forecasts, voice help, music, and Over-the-Air (OTA) map updates, among others. Display unit, control module, antenna module, and wiring harness are primary components of an in-dash navigation system. In-dash navigation systems can also accurately track vehicle\'s speed by wiring unit to vehicle\'s internal speed signal.
Passenger cars segment is expected to lead in terms of revenue growth rate during the forecast period. Passenger cars are equipped with navigation systems that are either mounted atop or built into dashboard. These factory-installed navigation systems offer better accuracy, more functions, and better integration than smartphone navigation. Increasing production of passenger vehicles is resulting in demand for navigation systems.
Aftermarket segment is expected to register a steady revenue growth rate during the forecast period. Older cars that do not come with a factory-fitted navigation system can be fitted with an aftermarket navigation system on their dashboard or a portable navigation system can be used. With increasing e-commerce sector, e-commerce enterprises are under pressure to deliver products to their clients on time. For Business to Customer (B2C) distribution, several e-commerce enterprises are creating agreements with current logistic suppliers. Logistics companies have been extending their services to meet this demand by adding more vehicles to their fleets. To reach their customers on time, these trucks were generally outfitted with satellite navigation systems.
Automotive navigation systems market in Asia Pacific is expected to account for largest revenue share among other regional markets during the forecast period, due to presence of a large number of manufacturers in this region. Growing urbanization, high disposable income, growing consumer demand for cars, growing car-sharing activities, growing smartphone adoption associated with an increase in Internet connectivity, and presence of global and local vendors will support growth of automotive navigation systems market in APAC over the forecast period. Moreover, market is likely to benefit from rapid technical improvements and an increase in demand for commercial journeys.
Market Overview:
The report bifurcates the Automotive Navigation Systems market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Device Type Outlook (Revenue, USD Billion; 2019–2030)
In-Dash Navigation Systems
Portable Navigation Devices (PNDs)
Mobile Navigation Systems
Vehicle Type Outlook (Revenue, USD Billion; 2019–2030)
Passenger Cars
Commercial Vehicles
Sales Channel Outlook (Revenue, USD Billion; 2019–2030)
OEM
Aftermarket
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Regional Landscape section of the Automotive Navigation Systems report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Automotive Navigation Systems market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Automotive Navigation Systems with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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