| Status : Published | Published On : Apr, 2024 | Report Code : VRAT9619 | Industry : Automotive & Transportation | Available Format :
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Page : 187 |
Global Automobile Navigation Systems Market – Analysis and Forecast (2025-2030)
Insights by Vehicle Type (Passenger vehicles, Commercial vehicles), by End-user (OEM, Aftermarket) by Device(In-dash, Portable, Mobile application),by Geography North America(U.S., Canada, Mexico) Europe (Germany, U.K, France, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (APAC) (China, Japan, India, South Korea and Rest of Asia-Pacific), Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E. and Other Countries.
Industry Overview
During the forecast period of 2025-30, the global automotive navigation systems market is estimated to grow at a CAGR of 13.4%. Further, it is predicted that with this growth rate market size will reach USD 32.3 billion in 2030.
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There is a rising issue of increased traffic congestion that has been seen in the last few years which rapidly increases the demand for secure, advanced, and digitalized traffic control systems like in the U.A.E. Additionally, commuters are also looking for improved in-dash navigation systems. Such rapid growing needs fuel the market growth of automotive navigation systems. As a result, market leaders are continuously engaged in the R&D of advanced automotive technologies like the integration of traffic congestion with car navigation systems. As a result, the automotive navigation systems market is estimated to be fueled by this factor to grow during the forecasted period of 2025-30. Furthermore, it is projected that the increased development of connected cars, skyrocketing demand for automobiles with cutting-edge safety features, and the rising popularity of car-sharing services will contribute to the automotive navigation market system market growth.
Market Segment
Insight by Vehicle Type
Based on vehicles, the automotive navigation system market is segmented into passenger vehicles and commercial vehicles. Passenger vehicles including cars and others have the largest market share and are anticipated to hold the position during the forecast period as well. However, the reason behind this contribution is increased demand and rational production of passenger cars with installed advanced GPS systems. Additionally, to participate highest during the projected period, improved traffic management contributes to the passenger car market.
Insight by end-user
Based on end-user global automotive navigation market size is bifurcated into OEM and aftermarket. The aftermarket segment dominates the global market extensively and accounted highest during the projected period of 2025-30 as well.
Insight by device
Based on end-users, the automotive navigation system market is bifurcated into OEM and aftermarket. The aftermarket segment among both types of end-users dominates the global market of automotive navigation systems extensively and accounted to participate highest during the projected period of 2025-30 as well.
Insight by device
The automotive navigation system market based on the device is categorized into in-dash, portable, and mobile application-based navigation systems. In-dash navigation systems are anticipated to have the quickest growth during the forecasted period. This is mostly due to the rising demand for in-dash navigation systems with 3D maps and the reasonably priced availability of improved in-dash navigation systems from original equipment manufacturers (OEMs).
RD_TABLE
Industry Dynamics
Growth Drivers
The key growth driver for the market to grow is the integration of smartphones with IVS (in-vehicle systems). Recent increases in smartphone penetration are anticipated to drive up demand for navigational systems based on smartphones and tablets. Connected automotive will rank top in demand as customer desire for wireless connectivity and mobile internet rises along with the widespread use of smartphones and tablets. This is predicted to push vehicle supply-side suppliers to adapt to new digital lifestyles and integrate in-care internet connectivity solutions, which will lead to increased demand for automotive navigation systems. Additionally, market growth is also being driven by technological improvements.
Challenges
The adoption of navigation systems in the automotive industry is impacted by factors like a lack of telecommunications infrastructure and high navigation technology costs, particularly in developing nations like India, Indonesia, and Thailand. As a result, the global market of automotive navigation systems is somewhat constrained in its growth.
Opportunities
The adoption of 5G technology by the insurance sector and its integration into vehicle connection expands the market's lucrative potential between the forecasted period of 2025 and 2030. The market will continue to grow due to the emergence of new customer segments across numerous business verticals and the rising popularity of linked vehicle technologies.
Geographical Overviews
The automotive navigation system market is widespread in Europe, North America, Asia-Pacific (APAC), and the rest of the World. The nations include Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, and the Philippines, as well as the rest of Asia-Pacific (APAC), Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle. Asia-Pacific has historically earned the greatest share in the automotive navigation market. It is due to the region's rapidly expanding population and growing fleet of vehicles, which has a beneficial impact on the sales of automotive navigation systems. Additionally, the widespread presence of well-known automakers and navigation system producers, particularly in nations like Japan and China, is growing the client base and predicting the lucrative potential for the regional industry through 2030. On the other hand, due to accelerating technological breakthroughs and rising passenger vehicle sales throughout the region, Europe is predicted to show the fastest market growth between 2022 and 2030.
Key Players Covered In This Report
Some of the major players in the global automotive navigation systems market include Garmin Ltd., Alpine Electronics Inc., Robert Bosch GmbH, Bose Corporation, Aisin Seiki Co. Ltd., Continental AG, Tom-Tom NV, Delphi Technologies, Pioneer Corporation, Mitsubishi Electric Corporation, HERE Technologies, Clarion (UK), HARMAN International, DENSO Corporation (Japan), Telenav, Inc., NNG Software Developing and Commercial Llc., FUJITSU MiTAC Holdings Corp., Nissan Motor Company (Japan), Ford Motor Company (US), and BMW Group (Germany).
Recent Development Key Market Players
TomTom (the location technology specialist) and Mitsubishi Electric partnered to develop new solutions and drive innovation in automated driving. With this partnership, TomTom’s High Definition (HD) Map will power Mitsubishi Electric’s High-Definition Locator hardware, that shall provide highly accurate data required for automated driving.
The Automotive Navigation Market report offers a comprehensive market segmentation analysis and an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Vehicle type
- Passenger vehicles
- Commercial vehicles
- By End-user
- OEM
- Aftermarket
- By Device
- In-dash
- Portable
- Mobile Application-Based
- Navigation Systems Based
Geographical Segmentation
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
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Automobile Navigation Systems Market