The study gives precise forecasts about the growth pattern while looking at the aspects affecting industry growth in the global Automotive Navigation Systems Market. The main topics of the study include the market's drivers, restraints, opportunities, threats, risks, constraints, and other features. The research provides a thorough analysis of the competitive landscape as well as a complete examination of the company profiles, product portfolio, and business expansion strategies.

According to Emergen Research's most recent estimate, the size of the global market for automobile navigation systems is predicted to be USD 56.91 billion in 2030, with a revenue CAGR of 7.3% during the same period. Between 2022 and 2030, the automotive industry is anticipated to expand, leading to an increase in traffic congestion, a rise in the use of automotive Global Positioning System (GPS) navigation systems, a rise in population and real-time traffic data demand, and an increase in investments in developing automotive infrastructure in developing nations. The need for accurate navigation has grown over the past few years. The previous few years have seen a huge advancement in GPS technology, which has made rides considerably safer and easier.

For improved road safety and convenience, there has been an increase in demand for safety and navigation features such lane departure warning systems, advanced driver assistance systems, and GPS navigation systems. In order to deliver better and more accurate navigation services, a number of market participants are launching new features and cutting-edge software. For example, Alps Alpine & Qualcomm unveiled "ViewPose" in January 2021, a precise positioning system designed to get over traditional GPS's limitations, especially in urban settings with patchy signals.

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Competitive Landscape:

The latest study provides an insightful analysis of the broad competitive landscape of the global Automotive Navigation Systems market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Automotive Navigation Systems market and pinpoint the fundamental growth trends. 

The leading market contenders listed in the report are:

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

Global Automotive Navigation Systems Market Highlights:

• Regional demand estimation and forecast
• Product Mix Matrix
• R&D Analysis
• Cost-Benefit Analysis
• Pre-commodity pricing volatility
• Supply chain optimization analysis
• Technological updates analysis
• Raw Material Sourcing Strategy
• Competitive Analysis
• Mergers & Acquisitions
• Location Quotients Analysis
• Carbon Footprint Analysis
• Patent Analysis
• Vendor Management

Key Parameters Analyzed in This Section:

• Company Profiles
• Gross Revenue
• Profit margins
• Product sales trends
• Product pricing
• Industry Analysis
• Sales & distribution channels

Regional Segmentation:

• North America
• Latin America
• Europe
• Middle East & Africa
• Asia Pacific

Key Points Covered in This Section:

• Regional contribution
• Estimated revenue generation
• Vital data and information about the consumption rate in all the leading regional segments
• An expected rise in market share
• Forecast growth in the overall consumption rate

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Some Key Highlights from the Report

• In-dash navigation systems segment accounted for largest revenue share in 2021. In-dash navigation systems refer to a vehicle\'s integrated navigation system that displays maps and provides turn-by-turn directions for location routes. It can provide real-time traffic information, 3D High Definition (HD) maps, weather forecasts, voice help, music, and Over-the-Air (OTA) map updates, among others. Display unit, control module, antenna module, and wiring harness are primary components of an in-dash navigation system. In-dash navigation systems can also accurately track vehicle\'s speed by wiring unit to vehicle\'s internal speed signal.
• Passenger cars segment is expected to lead in terms of revenue growth rate during the forecast period. Passenger cars are equipped with navigation systems that are either mounted atop or built into dashboard. These factory-installed navigation systems offer better accuracy, more functions, and better integration than smartphone navigation. Increasing production of passenger vehicles is resulting in demand for navigation systems.
• Aftermarket segment is expected to register a steady revenue growth rate during the forecast period. Older cars that do not come with a factory-fitted navigation system can be fitted with an aftermarket navigation system on their dashboard or a portable navigation system can be used. With increasing e-commerce sector, e-commerce enterprises are under pressure to deliver products to their clients on time. For Business to Customer (B2C) distribution, several e-commerce enterprises are creating agreements with current logistic suppliers. Logistics companies have been extending their services to meet this demand by adding more vehicles to their fleets. To reach their customers on time, these trucks were generally outfitted with satellite navigation systems.
• Automotive navigation systems market in Asia Pacific is expected to account for largest revenue share among other regional markets during the forecast period, due to presence of a large number of manufacturers in this region. Growing urbanization, high disposable income, growing consumer demand for cars, growing car-sharing activities, growing smartphone adoption associated with an increase in Internet connectivity, and presence of global and local vendors will support growth of automotive navigation systems market in APAC over the forecast period. Moreover, market is likely to benefit from rapid technical improvements and an increase in demand for commercial journeys.

Market Overview:

The report bifurcates the Automotive Navigation Systems market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• 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)
  • OEM
  • Aftermarket

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Key reasons to buy the Global Automotive Navigation Systems Market report:

1. The latest report comprehensively studies the global Automotive Navigation Systems market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
2. The report offers an insightful analysis of the regional outlook of the market.
3. It offers a detailed account of the end-use applications of the products services offered by this industry.
4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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