2021-2030 Analysis and Review In-Dash Navigation System Market
In-Dash Navigation System Market By Technology (2D Maps, 3D Maps), By Connected Navigation Services (Real Time Traffic, Directions and Information Services, Fleet Management Services), By Vehicle Type (Passenger Car, Commercial Vehicle), By Electric Vehicle (BEV, PHEV, HEV), By Component (Antenna Module, Control Module, Display Unit, Wiring Harness), By Stakeholders (Manufacturers & Suppliers, Distributors) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021 – 2030
Global In-Dash navigation system market is estimated to grow at a CAGR of 12.5% during forecast period (2022-2030). Increasing customer preference for in-dash navigation system and advent of technologically advanced products in the market is boosting the demand of global in-dash navigation system market. Furthermore, initiatives taken by government for the establishment of intelligent transport system with the help of smart navigational devices has promoted immense growth in the market. Government initiatives across the globe have promoted utilization of commercial navigation system in transportation thereby promoting considerable growth in global in-dash navigation system market.
2D Maps Are Currently Dominative, yet 3D Maps Promising Opportunities During Forecast Period
Global in-dash navigation system market has been segmented on the basis of technology type, component type, connected navigation service, vehicle type and electric vehicle type. Technology type segment is further sub segmented into 2D maps and 3D maps. 2D maps market leads the technology type segment in terms of revenue in global in-dash navigation system market with over 76.48% market share in 2020. Global 2D maps market comprises the market of in-dash navigation systems that provide 2D maps for navigation by using global positioning system (GPS) that provides two-dimensional view for roads, buildings, positioning etc. for navigational services in vehicles. 2D maps consume less amount of data as compared to 3D maps thereby resulting in reduced internet data consumption that is making these maps more preferred choice in consumers. Moreover, 3D maps market is anticipated to be fastest growing market with a CAGR of 12.7% during forecast period. Precision and accuracy of 3D map system as compare to 2D maps systems is likely to propel its adoption for automotive. 3D maps bring additional convenience and improve the accuracy and usability of the map.
Passenger Cars Remains as The Most Dominating Segment in Terms of Market Revenues
Passenger car leads the vehicle type segment in global in-dash navigation system market. Passenger car in-dash navigation system market is anticipated to grow at a CAGR of 12.5% during the forecast period. Passenger car market comprise of in-dash navigation system for use in passenger cars. Passenger cars include sedans, Multi-Purpose Vehicles (MPV), hatchback cars and Sport Utility Vehicles (SUV). Increased purchasing power due to rise in disposable income has led to demand for higher level of automation in passenger vehicles. The market growth of in-dash navigation systems in passenger car is driven increasing sales of passenger cars globally. As in-dash navigation systems provide these services therefore these systems are increasingly being adopted by car owners thereby promoting the market growth. Furthermore, major passenger car manufacturers such as Lexus (Japan), Volvo (Sweden), Kia (South Korea), Ford (U.S.), Audi (Germany), Mazda (Japan) and other have offer pre-installed in-dash navigation systems due to demand for services such as real-time traffic, direction and information (TDI) and route optimization from consumers.
APAC Remains as The Market Leader
Geographically, global In-Dash navigation system market has been segmented into North America, Europe, Asia Pacific and Rest of World (ROW). Asia Pacific leads global In-Dash navigation system market by capturing largest market share in terms of revenue of 33.42% in 2020. Asia Pacific is expected to be most lucrative region for in-dash navigation system market as Asia Pacific is global leader in terms of production and export of vehicles globally. Automobile sector is one of the core of Asian economy and with increasing demand vehicles equipped with advanced electronic systems including in-dash navigation systems the market for in-dash navigation system is expected to grow substantially over forecast period.
Innovation is The Key to Increase Market Shares
Product launch is the primary strategy adopted by companies in global in-dash navigation system market. New and advanced products help to improve company’s market visibility while competing effectively with key competitors in the market. Partnership and collaboration is the secondary strategy adopted by companies in global in-dash navigation system market. Strategic partnership allows the companies to share their resources to serve their respective self-interest. The top companies in this market include Pioneer Corp, Robert Bosch, Clarion Co Ltd, Alpine Electronics, and Delphi Automotive PLC.
Historical & Forecast Period
This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2030.
Report Methodology
Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.
By Technology (2020-2030; US$ Mn)
By Connected Navigation Services (2020-2030; US$ Mn)
By Vehicle Type (2020-2030; US$ Mn)
By Electric Vehicle Type (2020-2030; US$ Mn)
By Component Type (2020-2030; US$ Mn)
By Stakeholders (2020-2030; US$ Mn)
By Region (2020-2030; US$ Mn)
Global Impact of Covid-19 Segment (2020-2021; US$ Mn)
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