Automotive Navigation Systems Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2028


Rapidly emerging economies, changing standards of living, and increased spending capacity of individuals, as well as rapid development of connected car and autonomous vehicle infrastructure and rising demand for fleet management, are some factors driving market revenue growth  

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The Global Automotive Navigation Systems Market report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.

 

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 Qualcomm introduced ‘ViewPose’, a precise positioning system created to overcome limitations of traditional GPS, particularly in metropolitan areas with inconsistent signals.

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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.
  • 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.
  • Major companies in the global market report include 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

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Emergen Research has segmented the global automotive navigation systems market on basis of device type, vehicle type, sales channel, and region:

  • 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

Global Automotive Navigation Systems Market Geographical Landscape - Synopsis:

The report closely studies the growth trajectory of the global Automotive Navigation Systems Market . It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East Africa.

The study elaborates on the crucial information pertaining to the regional Automotive Navigation Systems share. It simultaneously focuses on the significant details about the growth patterns of each regional market.

Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.

Finally, all aspects of the Automotive Navigation Systems market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

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