Global Automotive Navigation System Market Size, 2022 Trends, Revenue, Rising Demands Forecast to 2028 |TomTom International BV., Mitsubishi Electric Corporation, Continental AG, Pioneer Corporation, Telenav Inc., NNG Software Developing. - Digital Journal

2022-06-04 00:12:38 By : Ms. Alisa Xiong

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The global Automotive Navigation Systems Market size is expected to reach USD 56.91 Billion in 2030 and register a revenue CAGR of 7.3% over the forecast period, according to latest analysis by Emergen Research. Growth of automotive industry, increased traffic congestion, rising adoption of automotive Global Automotive Navigation Systems, rising population, rising demand for real-time traffic data, and rising investment in the development of automotive infrastructure in emerging countries are key factors expected to support market revenue growth between 2022 and 2030.

There has been an increase in demand for navigational accuracy over the last few years. Moreover, GPS technology has progressed significantly in the last few years, making rides much easier and safer.

Rapidly emerging economies, changing standards of living, and increased spending capacity of individuals, as well as rapid development of connected car and autonomous vehicle infrastructure and rising demand for fleet management, are some factors driving market revenue growth                         

There has been a growth in demand for safety and navigation features such as Advanced Driver Assistance Systems (ADAS), Lane Departure Warning Systems (LDWS), and GPS navigation systems for enhanced road safety and convenience. Several market players are introducing new features and innovative software in order to provide better and more precise navigation services. In January 2021, for instance, Alps Alpine & Qualcomm introduced ‘ViewPose’, a precise positioning system created to overcome limitations of traditional GPS, particularly in metropolitan areas with inconsistent signals.

Use of connected cars has increased over the past few years. Connected cars are connected to Internet and share data with any external device or service. Moreover, GPS technology is used in connected cars to offer navigation services, for calculating quickest routes while taking into consideration real-time traffic conditions to prevent traffic jams. Use of GPS systems helps in development of precise navigation systems, self-driving cars and assisted driving, automated eCall distress signals, and intelligent speed adaptation. Thus, rapid development of connected cars is likely to drive growth of the market for automotive navigation systems.

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Use of connected cars has increased over the past few years. Connected cars are connected to Internet and share data with any external device or service. Moreover, GPS technology is used in connected cars to offer navigation services, for calculating quickest routes while taking into consideration real-time traffic conditions to prevent traffic jams. Use of GPS systems helps in development of precise navigation systems, self-driving cars and assisted driving, automated eCall distress signals, and intelligent speed adaptation. Thus, rapid development of connected cars is likely to drive growth of the market for automotive navigation systems.

Some Key Highlights from the Report

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/automotive-navigation-systems-market

Emergen Research has segmented the global automotive navigation systems market on basis of device type, vehicle type, sales channel, and region:

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3 Global Automotive Navigation Systems by Players

4 Automotive Navigation Systems by Regions

4.1 Automotive Navigation Systems Market Size by Regions

4.2 Americas Automotive Navigation Systems Market Size Growth

4.3 APAC Automotive Navigation Systems Market Size Growth

4.4 Europe Automotive Navigation Systems Market Size Growth

4.5 Middle East & Africa Automotive Navigation Systems Market Size Growth

9 Market Drivers, Challenges and Trends

9.1.1 Growing Demand from Key Regions

9.1.2 Growing Demand from Key Applications and Potential Industries

10 Global Navigation Systems Market Forecast

Benefits of Purchasing Global Navigation Systems Market Report:

Inimitable Expertise: Analysts will provide deep insights into the reports.

Analyst Support: Get your query resolved from our team before and after purchasing the report.

Strategic Recommendations: The report is helpful for the start-ups, and new entrants as it provides comprehensive analysis and recommendations on the basis of qualitative and quantitative analysis.

Customer’s Satisfaction: Our team will assist with all your research needs and customizes the report.

Assured Quality: We focus on the quality and accuracy of the report.

Finally, all aspects of the Systems market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

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