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Automotive Navigation System Trends and Forecast
The future of the global automotive navigation system market looks promising with opportunities in the OEM and aftermarket markets. The global automotive navigation system market is expected to reach an estimated $47.2 billion by 2030 with a CAGR of 6.7% from 2024 to 2030. The major drivers for this market are rising sales of automobiles and a rise in the use of cellphones equipped with IVS systems, growing consumer demand for mobile internet and wireless connectivity with the high level of penetration of tablets and smartphones, and increasing availability of high-speed internet connectivity in vehicles with advanced navigation features, such as live traffic updates and online search.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Navigation System by Segment
The study includes a forecast for the global automotive navigation system by vehicle type, end use, and region.
Automotive Navigation System Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Car
• Commercial Vehicle
Automotive Navigation System Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• OEM
• Aftermarket
Automotive Navigation System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Navigation System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive navigation system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive navigation system companies profiled in this report include-
• Alpine Electronics
• DENSO
• Harman International Industries
• Clarion
• Continental Reifen Deutschland
• Aisin
• TomTom International
• JVC Kenwood
• Panasonic
• Mitsubishi Electric
Automotive Navigation System Market Insights
Lucintel forecasts that passenger car will remain the larger segment over the forecast period due to the rapid rise in the manufacturing of passenger cars and additional amenities like real-time traffic information that help drivers to avoid traffic jams.
Europe will remain the largest region over the forecast period because the European auto industry has grown to be a major global supplier of automobiles, and it regards navigation as a safety feature for its vehicles, and the government organizations intend to guarantee that every car is GPS-connected.
Features of the Global Automotive Navigation System Market
Market Size Estimates: Automotive navigation system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive navigation system market size by vehicle type, end use, and region in terms of value ($B).
Regional Analysis: Automotive navigation system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different vehicle type, end use, and regions for the automotive navigation system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive navigation system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive navigation system market size?
Answer: The global automotive navigation system market is expected to reach an estimated $47.2 billion by 2030.
Q2. What is the growth forecast for automotive navigation system market?
Answer: The global automotive navigation system market is expected to grow with a CAGR of 6.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive navigation system market?
Answer: The major drivers for this market are rising sales of automobiles and a rise in the use of cellphones equipped with IVS systems, growing consumer demand for mobile internet and wireless connectivity with the high level of penetration of tablets and smartphones, and increasing availability of high-speed internet connectivity in vehicles with advanced navigation features, such as live traffic updates and online search.
Q4. What are the major segments for automotive navigation system market?
Answer: The future of the global automotive navigation system market looks promising with opportunities in the OEM and aftermarket markets.
Q5. Who are the key automotive navigation system market companies?
Answer: Some of the key automotive navigation system companies are as follows:
• Alpine Electronics
• DENSO
• Harman International Industries
• Clarion
• Continental Reifen Deutschland
• Aisin
• TomTom International
• JVC Kenwood
• Panasonic
• Mitsubishi Electric
Q6. Which automotive navigation system market segment will be the largest in future?
Answer: Lucintel forecasts that passenger car will remain the larger segment over the forecast period due to the rapid rise in the manufacturing of passenger cars and additional amenities like real-time traffic information that help drivers to avoid traffic jams.
Q7. In automotive navigation system market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period because the European auto industry has grown to be a major global supplier of automobiles, and it regards navigation as a safety feature for its vehicles, and the government organizations intend to guarantee that every car is GPS-connected.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive navigation system market by vehicle type (passenger car and commercial vehicle), end use (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive Navigation System Market, Automotive Navigation System Market Size, Automotive Navigation System Market Growth, Automotive Navigation System Market Analysis, Automotive Navigation System Market Report, Automotive Navigation System Market Share, Automotive Navigation System Market Trends, Automotive Navigation System Market Forecast, Automotive Navigation System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Automotive Navigation System Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Automotive Navigation System Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Automotive Navigation System Market by Vehicle Type
3.3.1: Passenger Car
3.3.2: Commercial Vehicle
3.4: Global Automotive Navigation System Market by End Use
3.4.1: OEM
3.4.2: Aftermarket
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Automotive Navigation System Market by Region
4.2: North American Automotive Navigation System Market
4.2.2: North American Automotive Navigation System Market by End Use: OEM and Aftermarket
4.3: European Automotive Navigation System Market
4.3.1: European Automotive Navigation System Market by Vehicle Type: Passenger Car and Commercial Vehicle
4.3.2: European Automotive Navigation System Market by End Use: OEM and Aftermarket
4.4: APAC Automotive Navigation System Market
4.4.1: APAC Automotive Navigation System Market by Vehicle Type: Passenger Car and Commercial Vehicle
4.4.2: APAC Automotive Navigation System Market by End Use: OEM and Aftermarket
4.5: ROW Automotive Navigation System Market
4.5.1: ROW Automotive Navigation System Market by Vehicle Type: Passenger Car and Commercial Vehicle
4.5.2: ROW Automotive Navigation System Market by End Use: OEM and Aftermarket
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Automotive Navigation System Market by Vehicle Type
6.1.2: Growth Opportunities for the Global Automotive Navigation System Market by End Use
6.1.3: Growth Opportunities for the Global Automotive Navigation System Market by Region
6.2: Emerging Trends in the Global Automotive Navigation System Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Automotive Navigation System Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Automotive Navigation System Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Alpine Electronics
7.2: DENSO
7.3: Harman International Industries
7.4: Clarion
7.5: Continental Reifen Deutschland
7.6: Aisin
7.7: TomTom International
7.8: JVC Kenwood
7.9: Panasonic
7.10: Mitsubishi Electric
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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