Automotive Navigation System Market
An automotive navigation system is a computer-based mapping device that assists drivers in locating their desired location. Some of these gadgets come standard with the vehicle, while others can be purchased separately and installed. For simple reference, any type of automotive navigation system is designed to be positioned in or on the dashboard. To display the vehicle’s location in real-time, most combine a computerized road map with a satellite link to the Global Positioning System (GPS).
A built-in database of road maps is normally included in an automotive navigation system; some systems allow these maps to be updated by connecting the car’s computer to the manufacturer’s website. The device also features a receiver for GPS satellite signals, as well as a backup system in case these signals are disrupted by nearby terrain. These gadgets are coordinated by the car navigation system, which provides information on the vehicle’s location, destination, and travel routes and timeframes. Some systems may also identify nearby landmarks and track the car in the event of theft.
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
Drivers can get a lot of information about their surroundings with more complex navigation systems. Some systems, for example, find nearby gas stations and provide current gas pricing. Others include traffic updates, possible parking spots, and even the whereabouts of speed cameras and speed traps. In 2007, an Australian driver was able to avoid receiving a speeding ticket by providing authorities with the speed data from his car navigation system.
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
Market Size – USD 30.16 Billion in 2021, Market Growth – at a CAGR of 7.3%, Market Trends – Technological advancements in navigation system
One of the key reasons for the growth of the automotive navigation systems market is the integration of smartphones with IVS (in-vehicle systems). Smartphone adoption has surged in recent years, which is likely to raise demand for smartphone/tablet-based navigation devices. Connected automobiles will be in great demand due to increased consumer desire for wireless connectivity and mobile internet, as well as the high prevalence of smartphones and tablets. As a result, supply-side suppliers in the automotive industry are likely to adapt to the new digital lifestyle and integrate in-care internet connectivity options, resulting in increased demand for automotive navigation systems.
Some constraints and hurdles will stifle market expansion. The market’s growth is projected to be hampered by the high cost of navigation systems and the availability of low-cost alternatives such as cellphones GPS and portable GPS devices.
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)
Detailed Regional Analysis covers:
- 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)
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