The global automotive navigation systems market 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 comprehensive and significant market research study on Automotive Navigation Systems offers business strategies, qualitative and quantitative analyses, and emerging trends. The report provides an in-depth examination and analysis of the key elements of the global Automotive Navigation Systems Market. By conducting extensive primary and secondary research and analyzing the drivers, constraints, challenges, trends, and opportunities of the Automotive Navigation Systems Market, the research analysts created this report.
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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Global Automotive Navigation Systems Market Highlights:
Regional demand estimation and forecast
Product Mix Matrix
Pre-commodity pricing volatility
Supply chain optimization analysis
Technological updates analysis
Raw Material Sourcing Strategy
Mergers & Acquisitions
Location Quotients Analysis
Carbon Footprint Analysis
The latest study provides an insightful analysis of the broad competitive landscape of the global Automotive Navigation Systems market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Automotive Navigation Systems market and pinpoint the fundamental growth trends.
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
Key Parameters Analyzed in This Section:
Product sales trends
Sales & distribution channels
Middle East & Africa
Key Points Covered in This Section:
Estimated revenue generation
Vital data and information about the consumption rate in all the leading regional segments
An expected rise in market share
Forecast growth in the overall consumption rate
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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.
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)
Sales Channel Outlook (Revenue, USD Billion; 2019–2030)
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Additional information offered by the report:
Along with a complete overview of the global Cobots market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Cobots market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
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