The automotive navigation systems market, in terms of value, generated $20,953 million in the year 2016

USA - English

• USA - English

LONDON, Jan. 9, 2018 /PRNewswire/ -- The rising concerns regarding the global problem of traffic congestion, especially in the urban areas, and the changing consumer behavior towards better in-dash features are the primary factors driving the demand for the automotive navigation systems. The market for navigation systems has been undergoing constant developments ever since the setting up of the Global Positioning System (GPS) satellites around the Earth's orbit.



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The market caught significant traction in the late 90s and start of the 21st century due to the introduction of portable navigation systems. The demand for the portable navigation systems surged, especially in the aftermarket where varied economical options were available to the consumers.

The market for in-dash navigation systems has seen significant changes as well. The feature which was available as a part of the high-end infotainment systems offered in luxury vehicles in the past has found its place in the entry-level, and mid-range vehicles as well. The automotive navigation systems market, in terms of value, generated $20,953 million in the year 2016, and is expected to grow at a robust rate over the forecast period 2017-2021. The research study is a compilation of various segmentations including the market breakdown by device type, by vehicle type, by distribution channel, and geographical regions, including an in-depth country analysis.

The report provides a detailed market analysis and forecast with respect to the various device types used for automotive navigation, including in-dash navigation, portable navigation devices (PNDs), and smartphone based navigation applications.

The report addresses the following key questions about the global automotive navigation systems market:
• What the market size of the global automotive navigation systems is in terms of value, and volume from 2017-2021?
• Which device type is dominating the global automotive navigation systems market in terms of value, and volume?
• What will be the revenue generated by the different distribution channels in the global automotive navigation systems market from 2017-2021?
• Which region in the global automotive navigation systems market is expected to grow at the fastest rate from 2017-2021?
• What are the different factors driving the market forward during the forecast period?
• What are the major factors challenging the growth of the global automotive navigation systems market?
• Which type of new strategies are being adopted by the existing market players to make a mark in the industry?

The report also includes an exhaustive analysis of the market on the basis of several geographical regions, namely North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Each geographical region analysis details the individual push and pull forces in addition to the key players from that particular region.

The report examines the role of the leading market players involved in the industry as well. The company profiles section includes the highlights of significant information about the key companies involved, along with their financial positions, key strategies and developmental activities of the recent years (2015-2017), and the SWOT analysis of these players. Some of the key players in the automotive navigation systems market are Alpine Electronics Inc. (Japan), Robert Bosch GmbH (Germany), Clarion Corporation (Japan), Delphi Automotive PLC (the U.K), Denso Corporation (Japan), Aisin Seiki Co., Ltd. (Japan), HERE Technologies (the Netherlands), Fujitsu Ten (Japan), and Garmin Ltd. (the US).

Executive Summary
The automotive industry has been undergoing dynamic changes in the recent years due to various factors such as declining fuel prices, low industry growth rate, emergence of electric and hybrid electric vehicles, improvement in automotive credit availability, aging vehicle fleet, and the emergence of disruptive trends such as car sharing and ride hailing services, globally. Increase in the traffic congestion is one of the major concerns attributed to the increase in the number of vehicles.

People across the globe, both living in the developed and developing countries, are facing the perils of wasting a significant number of hours driving on the roads at extremely slow speed which is consequently increasing the level of exhaustion while driving. This has led to automotive original equipment manufacturers (OEMs) equipping their vehicles with advanced navigation systems. These navigation systems make use of satellite navigation technology to find directions and steer drivers through unknown locations.

However, the features provided with in car navigation systems are not confined to only getting directions but also include real time traffic data, locating point of interests, parking information and off-line navigation capabilities.

The report defines and estimates the market size and future growth potential of the automotive navigation systems market during the forecast period (2017 to 2021). The global automotive navigation systems market generated $20,953.2 million in 2016; the market currently is being driven by the rising concerns towards the global problem of traffic congestion especially in urban areas and changing consumer behavior towards better in-dash features.

However, the factors such as the high cost associated with the technology and limitations arising from under developed telecommunication infrastructure is adversely affecting the adoption of this technology. On the other hand, the automobile manufacturers are investing extensively in the development of autonomous driving technologies.

The market for embedded navigation systems is expected to grow significantly as navigation is an important feature for developing self-driving vehicles, as the car will be expected to take the most convenient and best possible route from the start point to the destination. The collaborations between the various stake holders across the value chain are expected to contribute positively towards the market growth.

Automotive in-dash navigation system has been segmented into OEM and aftermarket distribution channels. At present, OEM channel accounts for the majority of the market share and the trend is expected to remain same during the forecast period.

Automotive navigation systems has been segmented into three device types namely in-dash navigation systems, portable navigation systems (PNDs) and smart phone based navigation systems. The market for in-dash navigation systems is expected to grow rapidly over the course of the forecast period. This growth is attributed to the increasing popularity of in-dash systems along with improved offering from OEM side at a reasonable price.

The report also covers the global automotive navigation systems market by region and provides the revenue and shipments of the key regions which include North America, Europe, Asia-Pacific (APAC), Middle East & Africa, and South America. The presence of the highly developed telecommunication infrastructure, greater acceptance rate of emerging technologies and high per-capita income have contributed to the early market dominance in the European and North American region. Further, the increasing commercialization of these systems in other regions along with the increased smartphone penetration rate and growing disposable income is expected to play a key role in the growth of automotive navigation systems market.

Some of the key players in the automotive navigation systems market are Continental AG (Germany), Robert Bosch GmbH (Germany), Garmin Ltd. (the U.S.), Delphi Automotive PLC (the U.K), Tom-Tom NV (the Netherlands), Aisin Seiki Co., Ltd (Japan), and HERE Technologies (the Netherlands). These companies are aiming for a wider range of product portfolio and collaborations in order to enhance the adoption of navigation systems across all the vehicle category.

Countries Covered
• North American
• U.S.
• Canada
• Mexico
• Europe
• Germany
• United Kingdom
• Italy
• France
• Spain
• Russia
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia & New Zealand

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