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 $12.63 billion in 2023 to $13.95 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 $21.19 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 $869 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
.
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
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