Automotive Navigation Systems Market Growth, Analysis and forecast 2025

Summary

Global Automotive Navigation Systems Market Information Report: Information by Device Type (In-Dash, Portable and Mobile Navigation System), by Vehicle Type (passenger Car and Commercial Vehicle), by Propulsion (ICE and Electric Vehicle), by Sales Channel (OEM and Aftermarket) and by Region (North America, Asia Pacific, Europe and RoW) - Forecast to 2025

Automotive Navigation Systems Market Dynamics

A navigation system is among the most essential systems utilized in automobiles for the purpose of route mapping. Its purpose is to supervise and manage the movement of the vehicle and as it makes its way from one location to another.

The global automotive navigation system market has seen a significant growth in the last couple of years and is expected to remain in the growing phase till forecast period. The global automotive navigation system market is expected to grow with a CAGR of 8.85% over the forecast period.

Top Companies

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

Market Segmentation

The worldwide Automotive Navigation Systems market has been studied by categorizing it into segments like device type, vehicle type, sales channel, and propulsion.

With respect to the device type, the market includes in-dash, portable, and mobile navigation system. Out of these, in-dash navigation system was found to be the leading segment in 2018, followed by portable and mobile system.

The types of vehicles that use navigation systems are passenger car and commercial vehicle. The passenger car segment recorded the highest revenue in 2018 and data experts predict it to retain its position throughout the review period.

Propulsion-wise segments in the market are internal combustion engine (ICE) and electric vehicle. The ICE segment, in 2018, held the largest share in the market and is expected to hold on to the top position even during the conjectured timeframe. But the electric vehicle segment can project the highest growth rate during the estimated period.

Regional Insight

North America, Europe, Asia Pacific (APAC), and the rest of the world (RoW) are the primary markets for Automotive Navigation Systems identified in the MRFR report.

In 2018, APAC held the largest share in the market, revenue-wise. The region is also predicted to record the highest CAGR during the evaluation period. Soaring demands from dependent sectors such as taxi services, logistics, and e-commerce that need the location of various addresses have benefitted the regional market in a big way. Also, mounting demand for rentals car services such as Ola and Uber has stimulated market growth in the region. The region is a source of extra interest as it consists of huge markets with high sales growth potential as well as vital automotive manufacturing hubs.

North America can note substantial growth in the years to come, on account of the rising passenger car market, especially in the United States (US) and Canada.  Integration of smartphones with in-vehicle systems (IVS) stands as a chief factor that benefits the Automotive Navigation Systems market in the region.

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