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The latest research study “In-Dash Navigation System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global in-dash navigation system market reached a value of US$ 13.55 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 26.54 Billion by 2027, exhibiting a CAGR of 11.60% during 2022-2027.
An in-dash navigation system utilizes a global positioning system (GPS) navigation unit built into the dashboard of a vehicle. It offers accurate directions, location, and route information. It also provides real-time traffic information, weather forecast, and information regarding the nearest gas station, restaurant, hotel, or other points of interest (POI). These systems rely on combined head units, including amplitude modulation (AM), frequency modulation (FM), compact disk (CD) players, satellite radio, digital video disc (DVD) player inputs, and hands-free cellphones. As a result, in-dash navigation system is widely adopted in light commercial vehicles (LCVs), passenger cars, and heavy commercial vehicles (HCVs) across the globe.
COVID-19 Impact on Market: (Positive Impact)
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Global In-Dash Navigation System Market Trends and Drivers:
The market is primarily driven by the expanding automotive industry and the rising incorporation of in-dash navigation systems in vehicles as they use GPS to reduce fuel consumption and improve safety and route planning. Moreover, governing authorities of various countries are inflicting stringent policies for enhancing vehicle safety, mandating GPS navigation in vehicles, and reducing carbon emissions from automobiles, which is providing a positive thrust to market growth. Besides this, the rising incidence of road accidents, injuries, and fatalities worldwide are prompting manufacturers to incorporate advanced driver assistance systems (ADAS) and lane departure warning systems (LDWS) to provide better services, such as on-screen instructions and voice prompts.
This, coupled with various technological advancements, and the increasing adoption of connected car devices, is propelling the market growth. Furthermore, the introduction of an in-dash hybrid navigation system that provides seamless navigation, continuous map update, fast and up-to-date routing, and over-the-air (OTA) software to generate a responsive user experience is also creating a positive market outlook.
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In-Dash Navigation System Market Report Scope
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Component, Technology, Screen Size, Vehicle Type, Sales Channel and Region
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Alpine Electronics Inc. (Alps Electric Co. Ltd.), Clarion (Faurecia), Continental Aktiengesellschaft, DENSO Corporation, Garmin Ltd., Harman International Industries Incorporated (Samsung Electronics Co. Ltd), JVCKENWOOD Corporation, Luxoft Holding Inc. (DXC Technology Company), Mitsubishi Electric Corporation, Pioneer Corporation, Robert Bosch GmbH and TomTom International BV.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
The report has been segmented the market into following categories:
List of Major Key Players:
The major players in the market are Alpine Electronics Inc. (Alps Electric Co. Ltd.), Clarion (Faurecia), Continental Aktiengesellschaft, DENSO Corporation, Garmin Ltd., Harman International Industries Incorporated (Samsung Electronics Co. Ltd), JVCKENWOOD Corporation, Luxoft Holding Inc. (DXC Technology Company), Mitsubishi Electric Corporation, Pioneer Corporation, Robert Bosch GmbH and TomTom International BV.
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