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Market Size in USD Billion
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2022 –2029 |
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USD 32.12 Billion |
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USD 62.15 Billion |
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Global Automotive Navigation Systems Market, By Platform (Windows Computer Embedded (Win CE), Android), System Type (Factory Fitted IVS (Pre-Installed System), Aftermarket IVS (Installed Later On), Personal Navigation Devices (Portable Devices), Smartphones), Vehicle Type (Entry-Level Passenger Vehicle, Mid-Premium Passenger Vehicle, Luxury Passenger Vehicle, Commercial Vehicle), Device Type (In-Dash, Portable, Mobile Navigation System), Propulsion (ICE, Electric Vehicle), Component (Hardware, Software, Connectivity) – Industry Trends and Forecast to 2029
Market Analysis and Size
Automotive navigation systems have acquired high relevance in the automobile sector as it helps in locating the best way across the city, help the drivers avoid traffic while keeping them on track. Around 92% of truck drivers agree to the fact that truck-specific navigation enhances safety on the road, according to a survey.
Global automotive navigation systems market was valued at USD 32.12 billion in 2021 and is expected to reach USD 62.15 billion by 2029, registering a CAGR of 8.60% during the forecast period of 2022-2029. Aftermarket IVS (Installed Later On) is expected to witness significant growth in the system type segments of the market owing to the growing e-commerce sector. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
A navigation device is one of the main automobile devices used to direct the driver when driving. This not only organizes the vehicle's travel but also includes different details regarding the restaurants, petrol stations, path choices, traffic highlights and traffic time while consist of various connectivity devices over Wi-Fi and bluetooth which help to use different functions such as messaging, audio, and others.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Forecast Period
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2022 - 2029
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Platform (Windows Computer Embedded (Win CE), Android), System Type (Factory Fitted IVS (Pre-Installed System), Aftermarket IVS (Installed Later On), Personal Navigation Devices (Portable Devices), Smartphones), Vehicle Type (Entry-Level Passenger Vehicle, Mid-Premium Passenger Vehicle, Luxury Passenger Vehicle, Commercial Vehicle), Device Type (In-Dash, Portable, Mobile Navigation System), Propulsion (ICE, Electric Vehicle), Component (Hardware, Software, Connectivity)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Alpine Electronics, Inc. (Japan), AISIN SEIKI Co., Ltd. (Japan), Clarion (UK), Continental AG (Geramany), Delphi Technologies (UK), DENSO CORPORATION. (Japan), Garmin Ltd. (US), HARMAN International. (US), HERE (Netherlands), JVCKENWOOD Corporation (Japan), Pioneer Corporation. (Japan), Telenav, Inc. (US), TomTom International BV. (Netherlands), NNG Software Developing and Commercial Llc. (Hungary), Robert Bosch GmbH (Germany), MiTAC Holdings Corp., (Taiwan), FUJITSU (Japan), Mitsubishi Electric Corporation (Japan), Ford Motor Company (US), and BMW Group (Germany), among others
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Market Opportunities
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This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
The increase in the adoption of car GPS navigation system to acquire real time traffic data to avoid traffic congestion acts as one of the major factor driving the growth of automotive navigation systems market. The surge in level of investment for the development of improved infrastructure has a positive impact on the market.
The rise in awareness regarding road safety among consumers accelerate the market growth. Government of various regions are taking initiatives to decline the number of road accidents. Manufacturers are increasing their investments to meet government standards that further assists in the expansion of the market.
The increase in the fleet size of the transportation and logistics companies making monitoring systems necessary for vehicle security and timely delivery further influence the market. Also, the increase in demand for passenger vehicles owing to the surge in middle-income group population along with rise in standard of living in emerging countries assist in the expansion of the market.
Additionally, surge in investments, increased disposable income and expansion of the automotive sector positively affect the automotive navigation systems market.
Opportunities
Furthermore, adoption by the insurance industry and introduction of 5G technology into vehicle connectivity extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in new customer segment across diverse industry verticals and rise in trend of connected car devices will further escalate the growth of automotive navigation systems market t.
On the other hand, high cost associated with the system and concerns regarding cyber and data security are expected to obstruct market growth. Also, lack of supporting infrastructure in developing countries is projected to challenge the automotive navigation systems market in the forecast period of 2022-2029.
This automotive navigation systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive navigation systems market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
COVID-19 had a negative impact on the global automotive navigation systems market due to the commute restrictions. The market faced various challenges, such as regulatory and policy changes, working capital management, supply chain execution and dependency on labor. However, organizations prepared strategic cost-saving plans to manage the impact of the pandemic. The demand for vehicle tracking hardware and managing software has increased to manage and cater to the continuous supply of essentials in the post pandemic scenario.
Recent Developments
The automotive navigation systems market is segmented on the basis of platform, system type, vehicle type, device type, propulsion and component. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Platform
System Type
Vehicle Type
Device Type
Propulsion
Component
The automotive navigation systems market is analyzed and market size insights and trends are provided by country, platform, system type, vehicle type, device type, propulsion and component as referred above.
The countries covered in the automotive navigation systems market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the automotive navigation systems market because of the increased purchase of vehicles and high adoption of advanced technologies within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the prevalence of various manufacturers, large consumer base and expansion of the e-commerce sector in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The automotive navigation systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive navigation systems market.
Some of the major players operating in the automotive navigation systems market are
SKU-
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
The market is segmented based on , By Platform (Windows Computer Embedded (Win CE), Android), System Type (Factory Fitted IVS (Pre-Installed System), Aftermarket IVS (Installed Later On), Personal Navigation Devices (Portable Devices), Smartphones), Vehicle Type (Entry-Level Passenger Vehicle, Mid-Premium Passenger Vehicle, Luxury Passenger Vehicle, Commercial Vehicle), Device Type (In-Dash, Portable, Mobile Navigation System), Propulsion (ICE, Electric Vehicle), Component (Hardware, Software, Connectivity) – Industry Trends and Forecast to 2029 .
The Global Automotive Navigation Systems Market size was valued at USD 32.12 USD Billion in 2021.
The Global Automotive Navigation Systems Market is projected to grow at a CAGR of 8.6% during the forecast period of 2022 to 2029.
The major players operating in the market include Alpine ElectronicsInc. ,AISIN SEIKI Co.Ltd. ,Clarion Continental AG ,Delphi Technologies ,DENSO CORPORATION. ,Garmin Ltd. ,HARMAN International. ,HERE ,JVCKENWOOD Corporation ,Pioneer Corporation. ,TelenavInc. ,TomTom International BV. ,NNG Software Developing and Commercial Llc. ,Robert Bosch GmbH ,MiTAC Holdings Corp.FUJITSU ,Mitsubishi Electric Corporation ,Ford Motor Company ,BMW Group .
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
