Automotive Navigation Systems Market Enhancing Navigation Efficiency: Integrating GPS Technology with GIS for Optimized Route Planning Will Reach at $60.51 Billion by 2030

The SNS Insider report indicates that the Automotive Navigation Systems Market was valued at USD 34.70 billion in 2022, and it is projected to achieve a market size of USD 60.51 billion by 2030, with a compound annual growth rate (CAGR) of 7.2% expected over the forecast period from 2023 to 2030.

Automotive Navigation Systems Market Collaborative data sharing practices among users contribute to improving overall navigation results. Crowdsourced data from navigation apps and devices allow for real-time updates on traffic conditions, road closures, and alternative routes.

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Key Companies -

Robert Bosch GmbH (Germany)
Clarion Corporation (US)
Continental AG (Germany)
Delphi Technologies (UK)
AISIN SEIKI Co., Ltd (Japan)
Denso Corporation (Japan)
Garmin Ltd (US)
Pioneer Corporation (US)
Harman International Industries, Inc. (the US)
HERE Technologies (US)
JVC Kenwood Corporation (Japan)
Telenav, Inc. (the US)
TomTom N.V. (US)
NNG Software Developing and Commercial Llc. (Hungary)
Alpine Electronics, Inc., (Japan)

Market Report Scope -

Rapid technological progress is now taking place in the automobile industry around the world. The growth of the market is anticipated to be driven by the development of government regulations on passenger and vehicle safety, in conjunction with manufacturers' use of more sophisticated navigation systems. In emerging countries, passenger vehicle sales are on a gradual rise and manufacturers have been focusing on the deployment of advanced features in their vehicles to make driving more comfortable.

Market Growth Factors -

Optimization of routes from one place to the next is provided by navigation systems. External technologies such as the Global Positioning System, GPS and Satellite Navigation Radio Systems are mainly contributing to this. The GPS provides a number of advantages, such as high accuracy, usability, reliability and automatic calibration. But GPS can only be operated from the outside. In many areas, the use of data sharing practices in order to improve overall results is common practice. GPS has been linked to GIS. Other factors expected to contribute to the growth of the target market are growing logistics activities in developed and emerging countries, as well as demand from the transport sector for sophisticated navigation systems that make travel easier and more efficient monitoring. Global freight movements are increasing, and this is leading to increased demand for advanced navigation systems that improve the efficiency of operations.

Segmentation Analysis -

The market segmentation for GPS automotive navigation systems is divided according to the type of device, i.e. onboard navigation system, portable navigation system and cell phone navigational system. The segment of dash navigation systems dominated the market due to their user-friendly interface, high precision and real time traffic updates. It's integrated into the dashboard and provides a seamless navigation experience to the driver. Passenger cars, heavy commercial vehicles and light commercial vehicles are included in the segmentation based on type of vehicle. Increased global production of passenger cars can be attributed to the dominance of the passenger car segment on the market. In recent years, there has been a significant increase in the production of passenger cars that is leading to increased demand for navigation systems throughout the world.

By Device Type:

In-dash Navigation System
Portable Navigation System
Mobile Navigation System

By Vehicle Type:

Passenger cars
Commercial vehicles

By Sales Channel:

OEM
Aftermarket

Key Regional Development -

North American automotive navigation systems market area will dominate this market, owing to an increased application area of navigation systems, and the high cost of the navigation systems will boost the market growth in this region. Due to the increasing per capita disposable income of individuals, Europe's automotive navigation systems market accounts for a second largest share. The significant presence of key players in the automotive sector is a benefit to this region. In addition, the German market for automotive navigation systems was the biggest in Europe and the United Kingdom's car navigation system market experienced the highest growth rate. From 2023 to 2032, the Asia Pacific market for automotive navigation systems is projected to increase at a high compound annual growth rate. The large number of manufacturers operating in this region is the reason for that. In addition, with increased demand for commercial journeys and rapid technological progress, the market is expected to grow at a profitable rate. In addition, the market for automotive navigation systems in China has a dominant share.

Key Takeaway's -

The design of a satellite navigation system is the basis for vehicle navigation systems. It obtains user's position data via Global Positioning System (GPS) and locates them on road in the map database of system. A few of the key features of automotive navigation systems that have attracted customer demand over the last few years are map updates, real time traffic data, and mobile connectivity. In addition, it is likely that advances in navigation technology will take place.

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Recent Developments -

In April 2022, HERE Technologies announced that Isuzu Trucks has deployed HERE Navigation, an off-the-shelf navigation solution for embedded in-vehicle infotainment (IVI) platforms, in its new 2022 model year F Series, FX Series, and FY Series trucks sold in the country. HERE Navigation, the leading provider of location data and technology platforms, optimises Isuzu's fleet operations through a connected in vehicle navigation system developed by Here Technologies.

In May 2022, Volvo Car USA announced that in the United States, mild hybrids, hybrid or electric vehicles equipped with Google's builtin will form part of its 2023 vehicle line up. Every Volvo vehicle has a best-in-class digital experience, thanks to Google Assistant for voice control, Google Maps as your personal navigation system and the Google Play store of other apps.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession

5. Value Chain Analysis

6. Porter's 5 forces model

7. PEST Analysis

8. Global Automotive Navigation Systems Market Segmentation, By Device Type
8.1 In-dash Navigation System
8.2 Portable Navigation System
8.3 Mobile Navigation System

9. Global Automotive Navigation Systems Market Segmentation, By Vehicle Type
9.1 Passenger car
9.2 Commercial vehicles

10. Global Automotive Navigation Systems Market Segmentation, by Sales Channel
10.1 OEM
10.2 Aftermarket

11. Regional Analysis

Continued…!

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