In-Dash Navigation System Market Growth Outlook Through 2024-2033
Posted by ramtbrc on May 30th, 2024
Overview and Scope
An in-dash navigation system is an electronic system in a vehicle that provides real-time maps of the current location and step-by-step directions to a desired destination. These systems aim to offer drivers dependable navigation support while reducing distractions and improving the overall driving experience.
Sizing and Forecast
The in-dash navigation system market size has grown rapidly in recent years. It will grow from .63 billion in 2023 to .95 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to increased demand for integrated infotainment systems in vehicles, growing consumer reliance on navigation aids for travel and commuting, rise in traffic congestion, expansion of automotive connectivity options, improvement in user interface and user experience.
The in-dash navigation system market size is expected to see rapid growth in the next few years. It will grow to .19 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to expansion of autonomous vehicle technology, growth of smart city initiatives, enhanced connectivity options, such as 5G networks, increasing focus on sustainability and energy efficiency.. Major trends in the forecast period include emphasis on sustainability and eco-friendly navigation, seamless integration with smart city infrastructure, hyper-personalization and context-aware navigation, enhanced connectivity and data sharing.
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Segmentation & Regional Insights
The in-dash navigation system market covered in this report is segmented –
1) By Component: Display Unit, Control Module, Antenna Module, Wiring Harness
2) By Service Type: Real Time Traffic And Direction Information Services, Fleet Management Services, Other Service Types
3) By Technology Insights: 2D Maps, 3D Maps
4) By Application: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
Europe was the largest region in the in-dash navigation system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in-dash navigation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
A rise in traffic congestion is expected to propel the growth of the in-dash navigation system market moving forward. Traffic congestion refers to a condition on road networks where traffic demand exceeds the available roadway capacity, resulting in slower speeds, longer travel times, and sometimes even complete standstills. The rise in traffic congestion is due to economic growth, a lack of public transportation options, and economic development. In-dash navigation systems use traffic congestion data to provide users with real-time information about road conditions, help them navigate more efficiently, reduce travel time, and enhance the overall driving experience. For instance, in 2022, according to reports published by INRIX Inc., a US-based transportation company, the typical driver in the country lost 51 hours in congestion, up 15 hours from 2021, costing the average driver 9 in lost time. Therefore, the rise in traffic congestion is driving the growth of the in-dash navigation system market.
Key Industry Players
Major companies operating in the in-dash navigation system market are Sony Corporation, Panasonic Corporation, Denso Corporation, Continental Aktiengesellschaft, Mitsubishi Electric Corporation, AISIN SEIKI Co. Ltd, Pioneer Corporation, Alpine Electronics Inc., Garmin Ltd., Trimble Inc., Visteon Corporation, Harman International Industries Incorporated, Robert Bosch GmbH, HERE Technologies, Sierra Wireless Inc., TomTom N.V., NNG Software Developing and Commercial LLC, Teletrac Navman, Telenav Inc., Luxoft Holdings Inc, JVC Kenwood Corporation, Clarion Corporation, Blaupunkt GmbH, Xevo Inc., Delphi Technologies PLC
The in-dash navigation system market report table of contents includes:
1. Executive Summary
2. In-Dash Navigation System Market Characteristics
3. In-Dash Navigation System Market Trends And Strategies
4. In-Dash Navigation System Market - Macro Economic Scenario
5. Global In-Dash Navigation System Market Size and Growth
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32. Global In-Dash Navigation System Market Competitive Benchmarking
33. Global In-Dash Navigation System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The In-Dash Navigation System Market
35. In-Dash Navigation System Market Future Outlook and Potential Analysis
36. Appendix
