Global Automotive Navigation Systems Market – 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

Automotive Navigation Systems Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Rise in Traffic Congestion

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.

• Road Safety

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.

• Rise in Transportation

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.

Restraints/Challenges faced by the Automotive Navigation Systems Market

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 Major Impact on Automotive Navigation Systems Market

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

• HERE Technologies unveiled the news regarding the deployment of an off-the-shelf navigation solution, HERE Navigation in April’2022. This navigation solution targets in-vehicle infotainment (IVI) platforms, in its new 2022 model year FX Series, F Series, and FY Series trucks.
• Volvo stated in May’2022 that their 2023 lineup of Volvo cars in the U.S. will consist of mild hybrid, hybrid or electric vehicles. These vehicles will be equipped with Google Maps as the native navigation system, Google Assistant for voice control, and the Google Play store for additional apps.

Global Automotive Navigation Systems Market Scope

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

• 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

Automotive Navigation Systems Market Regional Analysis/Insights

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.   

Competitive Landscape and Automotive Navigation Systems Market Share Analysis

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

• 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)
• BMW Group (Germany)

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