0

Car GPS Navigation System Market by Component and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 133
  • SKU: IRTNTR73810
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The car GPS navigation system market share is expected to increase to USD 12.30 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.09%.

This car GPS navigation system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers car global positioning system navigation system market segmentation by component (software and services and hardware) and geography (Europe, North America, APAC, Middle East and Africa, and South America). The car GPS navigation system market report also offers information on several market vendors, including Alps Alpine Co. Ltd., Apple Inc., Continental AG, DENSO TEN Ltd., Garmin Ltd., JVCKENWOOD Corp., Mitsubishi Electric Corp., NNG Software Developing and Commercial Llc., Panasonic Corp., Pioneer Corp., Renault sas, RM Acquisition LLC, Robert Bosch GmbH, Telenav Inc., TomTom International BV, and Ford Motor Co. among others.

What will the Car GPS Navigation System Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Car GPS Navigation System Market Size for the Forecast Period and Other Important Statistics

 

Car GPS Navigation System Market: Key Drivers, Trends, and Challenges

The growing advancement in the automotive industry is notably driving the car global positioning system (GPS) navigation system market growth, although factors such as decline in car production due to global semiconductor chip shortage may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the car GPS navigation system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Car GPS Navigation System Market Driver

One of the key factors driving the global car global positioning system (GPS) navigation system industry growth is the growing advancement in the automotive industry. The technological advances in the sector and the rising penetration rate of automotive electronics in vehicles have made the market highly competitive. In the last ten years, the penetration rate of advanced automotive technologies such as GPS navigation systems has significantly increased. The increase in luxury vehicle launches and growth in consumer awareness have favored the penetration of such advanced automotive technologies in mass-segment vehicles. For instance, in March 2021, TomTom International BV announced the arrival of TomTom Navigation for Automotive, which is a cloud-native hybrid navigation solution developed for the automotive industry. The rising adoption of cloud platforms in the automotive industry will further support the market growth during the forecast period.

Key Car GPS Navigation System Market Trend

Growing investment in satellite deployment is one of the key car global positioning system (GPS) navigation system market trends that is expected to impact the industry positively in the forecast period. GPS navigation systems allow car owners to monitor and track their movements by using both satellite and cellular signals. Thus, the global GPS market is observing a significant investment in the deployment of new satellites. Some of the instances related to the same are as follows:

  • In October 2021, Israel Aerospace Industries (IAI) developed a small geostationary orbit communications satellite bus to provide a low-cost spacecraft with an advanced payload to customers who do not require a larger satellite.
  • On November 5, 2021, China launched the sustainable development satellite SDGSAT-1 to study Earth from space as part of the UN 2030 Agenda for Sustainable Development.

The growing deployment of these satellites will increase the adoption of car GPS navigation systems and, in turn, drive the growth of the market.

Key Car GPS Navigation System Market Challenge

One of the key challenges to the global car global positioning system (GPS) navigation system industry growth is the decline in car production due to the global semiconductor chip shortage. Some of the instances include:

  • In February 2021, General Motors Co (GM). announced that it could lose up to $2 billion because of the global chip crisis, which can lead to the temporary shutdown of some of its auto manufacturing plants.
  • In February 2022, Groupe Renault (Renault) announced the production of 300,000 fewer cars in 2022, owing to the automotive chip shortage.
  • In April 2021, Fiat Chrysler Automobiles N.V. (Fiat) slowed down the production at its Brazilian factory in Betim for the second time in April.

Such factors may hamper the car GPS navigation system market growth during the forecast period.

This car GPS navigation system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global car GPS navigation system market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the car GPS navigation system market during the forecast period.

Who are the Major Car GPS Navigation System Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alps Alpine Co. Ltd.
  • Apple Inc.
  • Continental AG
  • DENSO TEN Ltd.
  • Garmin Ltd.
  • JVCKENWOOD Corp.
  • Mitsubishi Electric Corp.
  • NNG Software Developing and Commercial Llc.
  • Panasonic Corp.
  • Pioneer Corp.
  • Renault sas
  • RM Acquisition LLC
  • Robert Bosch GmbH
  • Telenav Inc.
  • TomTom International BV
  • Ford Motor Co.

 

This statistical study of the car GPS navigation system market encompasses successful business strategies deployed by the key vendors. The car GPS navigation system market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.

Product Insights and News

  • Alps Alpine Co. Ltd. - The company offers a car GPS navigation system that comes with a 9-inch touch screen, built-in Navigation for trucks and large motorhomes, DAB+, HDMI and Apple CarPlay, and android auto compatibility.
  • Continental AG - The company offers a car GPS navigation system where the surface is designed to recreate the look of the dashboard such as that of wooden or carbon panels or a leather-covered surface.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The car GPS navigation system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Car GPS Navigation System Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the car GPS navigation system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Car GPS Navigation System Market?

For more insights on the market share of various regions Request for a FREE sample now!

30% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for car GPS navigation systems in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Europe is another potential market for car GPS navigation systems. The growing market demand for commercial, electric, and hybrid vehicles has led to increasing investment by automotive manufacturers in setting up new manufacturing plants in the region, which will facilitate the car GPS navigation system market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, following the outbreak of the COVID-19 pandemic, the Europe automobile industry faced widespread production losses as factories were shut down as per the lockdown protocols. For instance, in March 2020, Volkswagen AG announced the temporary closure of its European plants, including those in Spain, Portugal, Slovakia, and Italy. However, with the marked decline in the number of COVID-19 cases following the rising vaccination rate, automobile industry players are resuming investments and production in the region. This has positively impacted the sales of the various automobiles. Thus, the growth in automobile sales, new product launches, the electrification of vehicles, and government initiatives for electric vehicles will have a positive impact on the regional market in focus during the forecast period.

What are the Revenue-generating Component Segments in the Car GPS Navigation System Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The car GPS navigation system market share growth by the software and services segment will be significant during the forecast period. The software enables the hardware device that is used to track or locate any vehicle or asset through the use of GPS satellites and cellular networks. GPS navigation systems are used to pinpoint the longitude, latitude, ground speed, and course direction of the target.TomTom Navigation offers Cloud-native for automotive, which offers the advantage of hyper-fast routing, search, and maps. These advancements are expected to contribute to the growth of the market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the car GPS navigation system market size and actionable market insights on post COVID-19 impact on each segment.

 

Car GPS Navigation System Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 12.09%

Market growth 2022-2026

$ 12.30 billion

Market structure

Fragmented

YoY growth (%)

10.12

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 30%

Key consumer countries

US, China, Japan, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alps Alpine Co. Ltd., Apple Inc., Continental AG, DENSO TEN Ltd., Garmin Ltd., JVCKENWOOD Corp., Mitsubishi Electric Corp., NNG Software Developing and Commercial Llc., Panasonic Corp., Pioneer Corp., Renault sas, RM Acquisition LLC, Robert Bosch GmbH, Telenav Inc., TomTom International BV, and Ford Motor Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Car GPS Navigation System Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive car GPS navigation system market growth during the next five years
  • Precise estimation of the car GPS navigation system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the car GPS navigation system industry across Europe, North America, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of car GPS navigation system market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Component

    • 5.1 Market segments
      • Exhibit 24: Chart on Component - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Component - Market share 2021-2026 (%)
    • 5.2 Comparison by Component
      • Exhibit 26: Chart on Comparison by Component
      • Exhibit 27: Data Table on Comparison by Component
    • 5.3 Software and services - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Software and services - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Software and services - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Software and services - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Software and services - Year-over-year growth 2021-2026 (%)
    • 5.4 Hardware - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Hardware - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Hardware - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Hardware - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Hardware - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Component
      • Exhibit 36: Market opportunity by Component ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 France - Market size and forecast 2021-2026
      • Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Alps Alpine Co. Ltd.
              • Exhibit 89: Alps Alpine Co. Ltd. - Overview
              • Exhibit 90: Alps Alpine Co. Ltd. - Business segments
              • Exhibit 91: Alps Alpine Co. Ltd. - Key news
              • Exhibit 92: Alps Alpine Co. Ltd. - Key offerings
              • Exhibit 93: Alps Alpine Co. Ltd. - Segment focus
            • 10.4 Continental AG
              • Exhibit 94: Continental AG - Overview
              • Exhibit 95: Continental AG - Business segments
              • Exhibit 96: Continental AG - Key news
              • Exhibit 97: Continental AG - Key offerings
              • Exhibit 98: Continental AG - Segment focus
            • 10.5 Ford Motor Co.
              • Exhibit 99: Ford Motor Co. - Overview
              • Exhibit 100: Ford Motor Co. - Business segments
              • Exhibit 101: Ford Motor Co. - Key news
              • Exhibit 102: Ford Motor Co. - Key offerings
              • Exhibit 103: Ford Motor Co. - Segment focus
            • 10.6 Garmin Ltd.
              • Exhibit 104: Garmin Ltd. - Overview
              • Exhibit 105: Garmin Ltd. - Business segments
              • Exhibit 106: Garmin Ltd. - Key offerings
              • Exhibit 107: Garmin Ltd. - Segment focus
            • 10.7 JVCKENWOOD Corp.
              • Exhibit 108: JVCKENWOOD Corp. - Overview
              • Exhibit 109: JVCKENWOOD Corp. - Business segments
              • Exhibit 110: JVCKENWOOD Corp. - Key news
              • Exhibit 111: JVCKENWOOD Corp. - Key offerings
              • Exhibit 112: JVCKENWOOD Corp. - Segment focus
            • 10.8 Mitsubishi Electric Corp.
              • Exhibit 113: Mitsubishi Electric Corp. - Overview
              • Exhibit 114: Mitsubishi Electric Corp. - Business segments
              • Exhibit 115: Mitsubishi Electric Corp. - Key news
              • Exhibit 116: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 117: Mitsubishi Electric Corp. - Segment focus
            • 10.9 Panasonic Corp.
              • Exhibit 118: Panasonic Corp. - Overview
              • Exhibit 119: Panasonic Corp. - Business segments
              • Exhibit 120: Panasonic Corp. - Key news
              • Exhibit 121: Panasonic Corp. - Key offerings
              • Exhibit 122: Panasonic Corp. - Segment focus
            • 10.10 Pioneer Corp.
              • Exhibit 123: Pioneer Corp. - Overview
              • Exhibit 124: Pioneer Corp. - Business segments
              • Exhibit 125: Pioneer Corp. - Key offerings
              • Exhibit 126: Pioneer Corp. - Segment focus
            • 10.11 Robert Bosch GmbH
              • Exhibit 127: Robert Bosch GmbH - Overview
              • Exhibit 128: Robert Bosch GmbH - Business segments
              • Exhibit 129: Robert Bosch GmbH - Key news
              • Exhibit 130: Robert Bosch GmbH - Key offerings
              • Exhibit 131: Robert Bosch GmbH - Segment focus
            • 10.12 TomTom International BV
              • Exhibit 132: TomTom International BV - Overview
              • Exhibit 133: TomTom International BV - Business segments
              • Exhibit 134: TomTom International BV - Key offerings
              • Exhibit 135: TomTom International BV - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 136: Inclusions checklist
                • Exhibit 137: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 138: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 139: Research methodology
                • Exhibit 140: Validation techniques employed for market sizing
                • Exhibit 141: Information sources
              • 11.5 List of abbreviations
                • Exhibit 142: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
              Get your FREE sample now!
              The car gps navigation system market market growth will increase by $$ 12.30 billion during 2023-2026.
              The car gps navigation system market market is expected to grow at a CAGR of 12.09% during 2023-2026.
              Technavio has segmented the car gps navigation system market market by component (Software and services and Hardware) and geography (Europe, North America, APAC, Middle East and Africa, and South America).
              Alps Alpine Co. Ltd., Apple Inc., Continental AG, DENSO TEN Ltd., Garmin Ltd., JVCKENWOOD Corp., Mitsubishi Electric Corp., NNG Software Developing and Commercial Llc., Panasonic Corp., Pioneer Corp., Renault sas, RM Acquisition LLC, Robert Bosch GmbH, Telenav Inc., TomTom International BV, Ford Motor Co. are a few of the key vendors in the car gps navigation system market market.
              APAC will register the highest growth rate of 30% among the other regions. Therefore, the car gps navigation system market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the car gps navigation system market market growth are:
              • Growing advancement in the automotive industry
              • Growing investment in satellite deployment
              The car gps navigation system market market vendors should focus on grabbing business opportunities from the software and services segment as it accounted for the largest market share in the base year.
              Safe and Secure SSL Encrypted
              Technavio

              Single User:

              2500 USD

              Technavio Get the report (PDF) sent to your email within minutes.

              Subscribe & Save

              Get lifetime access to our
              Technavio Insights

              Want to customize this report?

              This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

              We offer $1000 worth of FREE customization at the time of purchase
              Technavio
              Enquire Before Buying
              1. Home
              2. Consumer Discretionary
              3. Published Report
              17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>