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Global Car GPS Navigation System Market - By Component (Hardware, Software, Personal Navigation Device (PND)), By Car type (Passenger Car, Commercial Car), By End-User (OEM, Aftermarket) & By Region - Industry Analysis on Size, Share, Growth, Trends and Forecast 2022 to 2027

Published: January, 2022
ID: 9305
Pages: 120

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:

  • Indian Space Research Organization (ISRO) has developed a be 'Made-In-India Navigation' for Indian cars, which is considered as a better navigation system than the GPS services in the USA.
  • Auto major Tata Motors has announced in New Delhi about its partnership with the location technology provider, what3words. Tata Motors is going to be the primary manufacturer in India to bring what3words addressing system in its cars, the corporate claimed during a statement.
  • Bosch has developed a replacement sensor technology that helps in providing data for correct navigation in situations where no GPS signal is out there like tunnels, deep urban canyons, and off-road terrain.

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

  • Hardware
  • Software
  • Personal navigation device (PND)

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

  • Passenger car
  • Commercial car

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

  • OEM
  • Aftermarket

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
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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. Alpine Electronics
  2. Pioneer
  3. Continental AG
  4. TomTom
  5. Garmin
  6. Denso Corporation
  7. Apple
  8. BMW
  9. Sony Corporation
  10. Panasonic Corporation
  11. Ford
  12. Fujitso Ten
  13. Kenwood
  14. Mitsubishi Electronics
  15. Bosch technology
  16. JVCKENWOOD Corporation

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                   

  1. Global Car GPS Navigation System Market By Region, From 2022 - 2027 ( USD Billion )

  2. Global Car GPS Navigation System Market By Component, From 2022 - 2027 ( USD Billion )

  3. Global Hardware Market By Region, From 2022 - 2027 ( USD Billion )

  4. Global Software Market By Region, From 2022 - 2027 ( USD Billion )

  5. Global Personal Navigation Device (PND) Market By Region, From 2022 - 2027 ( USD Billion )

  6. Global Car GPS Navigation System Market By Car Type, From 2022 - 2027 ( USD Billion )

  7. Global Passenger Car Market By Region, From 2022 - 2027 ( USD Billion )

  8. Global Commercial Car Market By Region, From 2022 - 2027 ( USD Billion )

  9. Global Car GPS Navigation System Market By End-User, From 2022 - 2027 ( USD Billion )

  10. Global OEM Market By Region, From 2022 - 2027 ( USD Billion )

  11. Global Aftermarket Market By Region, From 2022 - 2027 ( USD Billion )

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