Automotive Navigation Systems Market Overview
Automotive Navigation Systems Market was valued at US$ 43.2 Billion in 2024 and is projected to grow at a CAGR of 12.50% to reach US$ 125.7 Billion by 2034.
Automotive Navigation Systems are installed in automobile which helps in providing live location of vehicle by using GPS (global positioning system) technology. Automotive Navigation Systems in a car communicates with GNSS (Global Navigation Satellite System) network for pinpointing location of a car anywhere on globe by microwaves & displays vehicle’s location on local map. Navigation system is also called as a Global Positioning System (GPS) which consists constellation of satellite broadcasting navigation signals, network of ground stations, & satellite control stations used for monitoring and controlling. Use of smartphones and internet, technological advancement has become the major factor for target market growth. In-Dash Navigation System is an integrated navigation system in vehicle which helps in offering map display and provides guidance for location routes. In-Dash Navigation System has ability to provide real time traffic information, access to music, 3D HD maps, OTA map updates, and voices assistance.
In-Dash Navigation System is a GPS navigation unit which is built into dashboard of vehicle. In-Dash Navigation System helps in monitoring the speed of vehicle accurately by wiring the unit to internal speed signal of automobile. Some units are depend on GPS and auxiliary correction like WAAS. In-Dash Navigation System units includes, FM, AM, satellite radio, inputs for external players, hands free telephone via Bluetooth. Rising use of mobile, internet has driven the market growth. Global positioning system is used in navigation system which uses multiple satellite signals for finding receiver’s position on earth. To avoid traffic navigation system is useful and thus, drives the market growth. The three ways to be guided in a car by navigation system are: display with list of next turns, display of map for certain area or region, guidance display for turn by turn with pop-ups about the following turn. However, rising demand for car and other vehicles has become a positive impact on target market growth.
Automotive Navigation Systems Market Dynamics
Rising demand for cars & other vehicles, disposable income and rate of urbanization
Rising demand for cars & other vehicles, disposable income and rate of urbanization has become the major factor in target market growth. Disposable income allows the consumer to enhance their lifestyle and spend more on transportation needs in today’s busy life. The increasing need of transportation and purchasing vehicles like car has given rise in automotive navigation systems market growth. Transportation has become most important due to working individuals and rise in rate of urbanization, people are owing to purchase own vehicles for their needs. Rise in automotive industries and rate of urbanization is one of the leading factors for the Automotive Navigation Systems market growth. As transportation has become more important the rise in automotive industries has increased. Automotive Navigation Systems has ability to adjust with heavy traffic by giving fastest and safest route to reach at destination. Automotive Navigation Systems predict the next trip, alert you about changing climatic conditions, traffic jams and accidents, it help in analyzing notifications from other drivers, remember most visited places, it shows the surroundings & route in 3D, it also takes into account your driving habits, etc,. Wide benefits of Automotive Navigation Systems has driven the market growth.
Cars are a source of great comfort, which allows us to travel long distance in short time. Cars are used for many purposes such as transportation for people, goods, and performing medical procedures. Rising demand for cars has driven the target market growth. For instance, in August 2022, about 30% Car dispatches up in India. Industry determines the passenger vehicles which has increased 29-31% to 335,000-340,000 units in August. The fastest growth was registered in this year. According to data published by United Nations in 2018, about 55% of the world’s population resided in urban areas, and it is projected that this percentage will increase over the forecast period. However, rising demand for cars & other vehicles, disposable income and population in urban areas boosts the demand for Automotive Navigation Systems Market growth.
Restrains:
Some disadvantages like lack of local knowledge, inaccuracy, distracted driving, commercial exploitation, chances of battery failure, privacy issues, climatic condition like storms or bad weather may affect the accuracy of navigation system. However, disadvantages and higher cost of navigation system may restrain the Automotive Navigation Systems market growth.
Automotive Navigation Systems Market Segmentation
Automotive Navigation Systems Market is segmented based on vehicle type, device type, end-users, and region.
Vehicle Type Insight
On the basis of Vehicle Type Automotive Navigation Systems Market is segmented into Light Commercial Vehicle, Passenger Car, Heavy Commercial Vehicle, and others. Passenger Car has dominated the target market growth because of disposable income and low interest rates the demand for cars is rising.
Device Type Insights
On the basis of Device Type Automotive Navigation Systems Market is segmented into Portable Navigation System, In-Dash Navigation System, Mobile Navigation System. In-Dash Navigation System has dominated the target market growth because it provides 3D HD maps, real time traffic information, voice assistance, access to music, and OTA map updates.
End-Users Insights
On the basis of End-Users Automotive Navigation Systems Market is segmented into Original Equipment Manufacturer (OEM), Aftermarket. Aftermarket has dominated the target market growth they are cheaper, designed in various models, and perform better.
Regional Insights:
On region the Automotive Navigation Systems Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Europe, market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements. Moreover, rising government initiatives to connect cars with GPS system, adoption of advanced technologies, digital platform solutions is anticipated to increase demand for Automotive Navigation Systems in the region.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
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Market Segmentation |
By Vehicle Type - Light Commercial Vehicle, Passenger Car, Heavy Commercial Vehicle, and others By Device Type - Portable Navigation System, In-Dash Navigation System, Mobile Navigation System By End-Users - Original Equipment Manufacturer (OEM), Aftermarket |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Automotive Navigation Systems Market report based on vehicle type, device type, end-users and region:
Automotive Navigation Systems Market, By Vehicle Type:
- Light Commercial Vehicle
- Passenger Car
- Heavy Commercial Vehicle
- Others
Automotive Navigation Systems Market, By Device Type:
- Portable Navigation System
- In-Dash Navigation System
- Mobile Navigation System
Automotive Navigation Systems Market, By End-Users:
- Original Equipment Manufacturer (OEM)
- Aftermarket
Automotive Navigation Systems Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Automotive Navigation Systems Market Key Players
The key players operating the Automotive Navigation Systems Market includes,
- TomTom International BV
TomTom International BV, was founded in 1991, which is headquartered in De Ruijterkade, Amsterdam. TomTom is a Dutch multinational creator and developer of location technology & consumer electronics. TomTom offers products like digital map, devices, software & services.
- Mitsubishi Electric Corporation
Mitsubishi Electric Corporation is a public company founded in 1921, which is headquartered in Tokyo, Japan. Mitsubishi is a Japanese multinational company which manufactures electronics and electrical equipment. Mitsubishi offers product like industrial automation system, space systems, energy & electronic systems, information & communication systems, home appliances, etc.
- Telenav Inc.
Telenav Inc., is a private company founded in 1999, which is headquartered in Santa Clara, California. Telenav is wireless location-based services corporation which provides services such as GPS (Global Positioning System) satellite navigation, automotive navigation solutions, workflow automation, local search, enterprise mobility and mobile advertising, etc.
- GM (General Motors Company)
GM (General Motors Company), is a public company founded in 1908, which is headquartered in Detroit, Michigan, U.S. GM is an American company which offer products such as automobiles, commercial vehicles, automobile parts, etc.
- Robert Bosch GmbH
Robert Bosch GmbH, is a private company founded in 1886, which is headquartered in Gerlingen Germany. Robert Bosch is a German multinational engineering & technology company. Robert Bosch offers products such as power tools, automotive parts, cloud computing, electronics, IoT, security systems, home appliances, etc.
- Pioneer Corporation
Pioneer Corporation, is a private company founded in 1938, which is headquartered in Tokyo, Japan. Pioneer Corporation is a Japanese multinational company. The company is specialized in digital entertainment products and offers automotive & car audio navigation system, DVD players, DVD recorders, DJ equipment, etc.
- Continental AG
Continental AG, is founded in 1871, which is headquartered in Hanover, Germany. Continental AG is a German multinational automotive parts manufacturing company. Continental AG is specialized in automotive safety, interior electronics, tire & brake system, tachographs, chassis components, etc.
- Harman International Industries Inc.
Harman International Industries Inc., is founded in 1980, which is headquartered in Stamford, Connecticut, U.S. Harman International Industries Inc., is independent subsidiary of Samsung Electronics. It offers audio equipment products and provides automotive solutions for drivers by innovative technology.
- Garmin Ltd.
Garmin Ltd., is a public company founded in 1989, which is headquartered in Olathe, Kansas, U.S. Garmin is an American, Swiss-domiciled multinational technology company. Garmin offer products such as avionics, wearable technology, and GPS receivers for automotive, sport activities, etc.
- STMicroelectronics
STMicroelectronics, is founded in 1987, which is headquartered in Geneva, Switzerland. STMicroelectronics is a Dutch multinational company. STMicroelectronics offer products such as integrated circuits, transistors, microprocessors, microcontrollers, smartcards, etc.
Automotive Navigation Systems Market Key Issues Addressed
Recent Development:
- In July 2022, TomTom International BV is applauded by Frost & Sullivan for enabling ease and convenience in Automotive Navigation with its Cloud-Native In-Dash Hybrid Navigation System, which enables onboard storage, cost efficiency and enhanced user experience. The advanced cloud computing technology provides fast, fresh maps, up to date automotive routing with less need for onboard storage and with smart usage of online services, OTA (over the air) software, creates responsive user experience.
- In January 2022, STMicroelectronics has launched navigation chip for automotive. Newly launched compact chip helps the driver assistance systems to make accurate decisions about the road ahead. Newly launched STA8135GA is the first automotive qualified Global Navigation Satellite System receiver which helps in integrating a triple band positioning measurement engine on-chip to standard multi band (PVT) position velocity time & dead reckoning. STA8135GA enhance the performance in in-dash navigation system, smart antennas, telematics equipment, V2X communication system, drones, and marine navigation system.
- In April 2021, GM (General Motors Company) to launch new in-vehicle navigation system, Maps+ which is powered by Mapbox and will be available to about 900,000 vehicles as a part of Connected Service plans. New in-vehicle navigation system is an upgrade from GM’s OnStar turn by turn navigation tool. New in-vehicle navigation system range ranges between $15 & $45 per month.
- In June 2021, Garmin (GRMN) boosts the automotive segment with Dash Cam Series. Garmin has uneviled all new 2021 dash cam series with automatic video storage, voice controlling features, and Live View monitoring options. The series includes, Garmin Dash Cam Mini 2, 47, 57, and 67W which is a pocket sized, virtually invisible dash cam that help drivers for recording any incident which occurs in front of vehicles. It also alert the driver of any activity on their smartphones with Garmin Drive App.
- In August 2019, Mitsubishi Electronic has launched the high precision positioning system division at German branch headquarters in Ratingen, Germany. The new division will offer key technologies to European & German customers for accelerating autonomous driving & safe driving assistance. The solution includes, high precision AQLOC which is compatible with GNSS services & positioning data augmented services by Sapcorda, and Mobile Mapping Systems (MMS) for road assets with higher level of accuracy, high definition 3D images for supporting autonomous driving.
Automotive Navigation Systems Market Company Profile
- TomTom International BV*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Mitsubishi Electric Corporation*
- Telenav Inc.
- GM (General Motors Company)*
- Robert Bosch GmbH
- Pioneer Corporation
- Continental AG
- Harman International Industries Inc.
- Garmin Ltd.*
- STMicroelectronics*
“*” marked represents similar segmentation in other categories in the respective section
Automotive Navigation Systems Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Vehicle Type
- Market Snippet, By Device Type
- Market Snippet, By End-Users
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Automotive Navigation Systems Market, By Vehicle Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Light Commercial Vehicle
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Passenger Car
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Heavy Commercial Vehicle
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Automotive Navigation Systems Market, By Device Type, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Portable Navigation System
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- In-Dash Navigation System
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Mobile Navigation System
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Automotive Navigation Systems Market, By End-Users, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Original Equipment Manufacturer (OEM)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Aftermarket
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Automotive Navigation Systems Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Vehicle Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Device Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Vehicle Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Device Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Vehicle Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Device Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
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- Latin America
- Market Size and Forecast (US$ Bn), By Vehicle Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Device Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Latin America
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-
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Vehicle Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Device Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
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- GCC
- Israel
- South Africa
- Rest of Middle East
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- TomTom International BV
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Mitsubishi Electric Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Telenav Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- GM (General Motors Company)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Robert Bosch GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Pioneer Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Continental AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Harman International Industries Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Garmin Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- STMicroelectronics
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Automotive Navigation Systems Market is segmented into vehicle type, device type, end-users and region.
Automotive Navigation Systems Market is driven by factors like rising demand for cars & other vehicles, disposable income and rate of urbanization.
By region, the Automotive Navigation Systems market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Europe market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements.
The key players operating the Automotive Navigation Systems Market includes, TomTom International BV, Mitsubishi Electric Corporation, Telenav Inc., GM (General Motors Company), Robert Bosch GmbH, Pioneer Corporation, Continental AG, Harman International Industries Inc., Garmin Ltd., STMicroelectronics, and others.