Automotive Navigation System Market Report: Trends, Forecast and Competitive Analysis to 2030

Automotive Navigation System Market Report: Trends, Forecast and Competitive Analysis to 2030

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?

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