-- 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.
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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 7% over the forecast period.
The global automotive navigation system market is majorly influenced by factors such as growth of automotive industry, increase in traffic congestion, increasing adoption of car GPS navigation system, growing population, growing demand for real-time traffic data, and growing investment for the development of automotive infrastructure in emerging countries. Over the last few years, there has been an increase in the need for accuracy in navigation. As a result, the demand for automotive navigation system industry has increased steadily. Moreover, in the last few years, the navigation technology has advanced in a significant manner, which has made the journey much easier and safer. The high price of in-dash navigation systems and the lack of telecommunications and connectivity infrastructure are hindering the growth of the market.
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Major Key Players:
The Prominent Players in the global automotive navigation system include
Alpine Electronics Inc. (Japan)
AISIN SEIKI Co. Ltd (Japan)
Clarion Corporation (US)
Continental AG (Germany)
Delphi Technologies (UK)
Denso Corporation (Japan)
Garmin Ltd (US)
Harman International Industries Inc. (US)
HERE Technologies (US)
JVC Kenwood Corporation (Japan)
Pioneer Corporation (US)
Telenav Inc. (US)
TomTom N.V. (US)
NNG Software Developing and Commercial Llc. (Hungary) and
Robert Bosch GmbH (Germany).
For this study, the global automotive navigation system market has been segmented based on device type, vehicle type, sales channel, propulsion, and region. On the basis of device type, the global market has been segmented into in-dash, portable, and mobile navigation system. Among these types, in-dash navigation system accounted the largest market share, in 2018, followed by portable and mobile system. On the basis of vehicle type, the global market has been divided into passenger car and commercial vehicle. The passenger car segment registered the largest market share in 2018 and is expected to hold the largest share throughout the forecast period. On the basis of propulsion, the global market has been divided into ICE and electric vehicle.
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The ICE segment registered the largest market share in 2018 and expected to hold the largest share throughout the forecast period, whereas electric vehicle segment is expected to witness higher growth during the forecast period. On the basis of sales channel, the global market has been divided into OEM and aftermarket. The OEM segment dominated the market in 2018, whereas aftermarket segment is expected to witness higher growth during the forecast period.
Region-wise, the global automotive navigation system market has been segmented as North America, Asia Pacific, Europe, and RoW region. Among these regions, Asia-Pacific accounted the largest market share in 2018 in terms of revenue and is expected to register the highest CAGR over the forecast period, owing to the presence of a large number of manufacturers. Additionally, the rapid technological advancements and rising demand for commercial voyage, are expected to create a lucrative opportunity for the market. North America is expected to witness a significant growth over the forecast period, due to the growing passenger car market in US and Canada.
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