Car GPS Navigation System Market Analysis Report (2021 - 2026)
The global Car GPS Navigation System Market was valued at 770 million US$ in 2021 and can reach 1450 million US$ by the end of 2026, expanding at a CAGR of 8.2% during 2021 - 2026.
Car GPS Navigation System Market plays a crucial role in vehicle tracking and positioning by receiving signals from navigation satellites. The car GPS navigation system comprises various functionalities like a record, save music, and operate climate control functions (if equipped in the car). The GPS navigation systems are primarily employed by the transportation and logistics industry.
The automotive industry has registered several dynamic changes within the recent years due to various factors like declining fuel prices, low industry rate of growth, the emergence of electrical and hybrid electric vehicles, improvement in automotive credit availability, aging vehicle fleet, and the development of disruptive trends like car-sharing and ride-hailing services, globally. Increase in the traffic congestions is also among the main concerns attributed to the rise within the number of vehicles
Recent Developments:
Drivers and Restraints of Car GPS Navigation System:
The marketplace for navigation systems has been undergoing constant developments ever since the fixing of the Global Positioning System (GPS) satellites round the EEarth'sorbit. The market caught significant traction within the late 90s and beginning of the 21st century because of the launch of portable navigation systems. The need for the mobile navigation systems grew, especially within the aftermarket where varied economical options were available to the customers. Also, the increased production of vehicles, along with the rise in taxi services in developing economies like India has boosted the growth in the global car GPS navigation system market.
Costs versus functionalities given by these systems restrain the worldwide market. Additionally, the presence of substitutes to aftermarket navigation systems and the concerns related to security breaches are the significant elements hampering the expansion of this business.
Market Segmentation:
Car GPS Navigation System Market - By Component
Most of the PND's sold in the previous year's automotive navigation systems market had integrated cellular connectivity. Europe Automotive navigation systems market is one among the leading markets in PND's However, the North America market is gaining traction, and therefore the shipments have increased within the region. Automotive navigation systems markets like Europe and North America where the penetration rates are already high, PND witnesses intense competition from handset-based navigation services and the availability of car navigation systems at affordable costs. However, new services and features being developed in automotive navigation systems will result in more critical share, as increasing sales of PND come from replacement devices for existing users.
Car GPS Navigation System Market - By Car type
The passenger car type segment dominated the global car GPS navigation system market in 2018, with around three-fourth of the overall revenue share. This is attributed to the rise in vehicle sales across the world.
Car GPS Navigation System Market - By End-user
At present, OEM channel accounts for the bulk of the market share, and therefore the trend is predicted to stay the same during the foreseen period. The rise in the number of vehicle sales and the ability of systems to provide real-time traffic data are anticipated to fuel the growth of this market.
Car GPS Navigation System Market – By Region
North America car GPS navigation system market is predicted to witness a prominent growth over the forecast period, thanks to the growing coach market in the US and Canada. The presence of the highly developed telecommunication infrastructure, greater acceptance rate of emerging technologies and high per-capita income have contributed to the market dominance within the European and North American regions.
Further, the increasing commercialization of those systems in the other areas alongside the increased smartphone penetration rate and growing income is predicted to play a vital role within the growth of automotive navigation systems market.
Asia-Pacific car GPS navigation system market accounted for an essential market share in 2018 in terms of revenue and is predicted to register the very best CAGR over the forecast period, due to the presence of an outsized number of vehicle manufacturers in the area. In addition, the rise in the technological advancements and improving demand for the commercial voyage are supposed to make a lucrative opportunity for the regional market in future.
Key Players of Market:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Car GPS Navigation System Market, By Component
6.1.1 Hardware
6.1.2 Software
6.1.3 Personal Navigation Device (PND)
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Car GPS Navigation System Market, By Car Type
6.2.1 Passenger Car
6.2.2 Commercial Car
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Car GPS Navigation System Market, By End-User
6.3.1 OEM
6.3.2 Aftermarket
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Component
7.2.3 By Car Type
7.2.4 By End-User
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Component
7.3.3 By Car Type
7.3.4 By End-User
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Component
7.4.3 By Car Type
7.4.4 By End-User
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Component
7.5.3 By Car Type
7.5.4 By End-User
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Component
7.6.3 By Car Type
7.6.4 By End-User
8. Key Player Analysis
8.1 Alpine Electronics
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Pioneer
8.3 Continental AG
8.4 TomTom
8.5 Garmin
8.6 Denso Corporation
8.7 BMW
8.8 Sony Corporation
8.9 Mitsubishi Electronics
8.10 Bosch Technology
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of By component, By car type, By End-user, regon and along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Car GPS Navigation System Market By Region, From 2021-2026 ( USD Billion )
Global Car GPS Navigation System Market By Component, From 2021-2026 ( USD Billion )
Global Hardware Market By Region, From 2021-2026 ( USD Billion )
Global Software Market By Region, From 2021-2026 ( USD Billion )
Global Personal Navigation Device (PND) Market By Region, From 2021-2026 ( USD Billion )
Global Car GPS Navigation System Market By Car Type, From 2021-2026 ( USD Billion )
Global Passenger Car Market By Region, From 2021-2026 ( USD Billion )
Global Commercial Car Market By Region, From 2021-2026 ( USD Billion )
Global Car GPS Navigation System Market By End-User, From 2021-2026 ( USD Billion )
Global OEM Market By Region, From 2021-2026 ( USD Billion )
Global Aftermarket Market By Region, From 2021-2026 ( USD Billion )
