In-Dash Navigation System Market

In-dash Navigation System Market Statistics 2021-2030

The global in-dash navigation system market was valued $12,156.0 million in 2020, and is projected to reach $35,406.7 million in 2030, registering a CAGR of 11.6% during the forecast period 2021-2030.  

The impact of the COVID-19 pandemic has resulted in reduced demand for in-dash navigation system owing to supply-chain disruptions causing delay in manufacturing of vehicles. A global microchip shortage has caused major production delays, and limited vehicle inventory. The chip shortage has disrupted production, forcing automakers to prioritize components needed for high-demand vehicles while adjusting availability of some features such as navigation systems.

In-dash navigation system refers to integrated navigation system in the vehicle that offers map display and turn-by-turn guidance for location routes. It is capable of providing real-time traffic information, 3D HD maps, access to music, voice assistance, and OTA map updates. Some navigation systems also provide voice recognition to set the route and control the navigation unit. Apart from navigation services, these systems also offer audio/video functions, hands-free cellphone via Bluetooth, and satellite radio. The systems are usually connected to the cloud to offer both, online and offline location search to optimize guidance and enhance the driving experience.

Increase in demand for vehicles with advanced safety and navigation features, introduction of new vehicle norms and government regulations associated with in-dash navigation systems, and growing applications of navigation services propel growth of the market. However, high cost of in-dash navigation systems and increase in concerns associated with data privacy and protection are expected to hamper the growth of the market. Furthermore, increase in adoption of connected car devices and technological advancements are expected to offer growth opportunities during the forecast period.

The in-dash navigation system market is segmented on the basis of technology, component, vehicle type, screen size, sales channel, and region. On the basis of technology, the market is categorized into 2D maps and 3D maps. By component, it is fragmented into display unit, control module, antenna module, and wiring harness. On the basis of vehicle type, it is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. On the basis of screen size, the market is divided into less than 6 inches, 6 inches to 11 inches, and greater than 11 inches. On the basis of sales channel, the market is divided into Original Equipment Manufacturer, and aftermarket. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some leading companies profiled in the report include Alpine Electronics, Inc., Continental AG, Denso Corporation, DXC Technology Company, Garmin Ltd., Panasonic Corporation, Pioneer Corporation, Robert Bosch Gmbh, Samsung Electronics Co., Ltd., and TomTom International BV.

Covid-19 Impact Analysis 

The COVID-19 crisis has created uncertainty in the market, leading to massive slowing of supply chain, falling business confidence, and increasing panic among customer segments. Governments of different regions have announced total lockdown and temporary shutdown of industries, thereby adversely affecting the overall production and sales. Countries around the globe have posed stringent restrictions ranging from days to months of lockdown periods. Owing to this pandemic, many businesses have been halted and are waiting for the market conditions to improve.

The impact of the COVID-19 pandemic has resulted in reduced demand for in-dash navigation system owing to supply-chain disruptions causing delay in manufacturing of vehicles. A global microchip shortage has caused major production delays, and limited vehicle inventory. The chip shortage has disrupted production, forcing automakers to prioritize components needed for high-demand vehicles while adjusting availability of some features such as navigation systems. 

Increase In Demand For Vehicles With Advanced Safety And Navigation Features

Consumers are increasingly purchasing vehicles with advanced safety features owing to the rise in number of road accidents and increase in safety concerns. Increase in purchasing power of consumers and improving lifestyle has encouraged vehicle manufacturers to integrate advanced features, such as advanced driver assistance system (ADAS) and lane departure warning system (LDWS) to address the growing market demand, thereby boosting the growth of the in-dash navigation system market.

Introduction of New Vehicle Norms and Government Regulations Associated with In-dash Navigation Systems

Governments across different countries have introduced regulations for inclusion of GPS navigation in vehicles. For instance, in 2021, the Indian government focused on introducing GPS-based toll collection method. This toll collection method is expected to require all vehicles to be equipped with global positioning system (GPS). These new vehicle norms and government regulations result in manufacturers to focus on producing improved in-dash navigation system with enhanced global positioning system (GPS) services. Henceforth, introduction of new vehicle norms & government regulations associated with in-dash navigation systems is expected to drive the growth of in-dash navigation system market during forecasted period.  

Technological Advancements

Car manufacturers have been integrating in-dash navigation system in automobiles for the past few years. These systems have experienced upgrades such as android auto, Bluetooth connectivity, and voice-based navigation. For instance, in 2021, Garmin Ltd. launched DriveSmart 61 LMT-S navigation system, which provides spoken turn-by-turn navigation using street names and landmarks. These enhancements in in-dash navigation system of automobiles result in improved navigation experience. 

Key Benefits For Stakeholders

• This study presents the analytical depiction of the global in-dash navigation system market analysis along with current trends and future estimations to depict imminent investment pockets.
• The overall in-dash navigation system market opportunity is determined by understanding profitable trends to gain a stronger foothold.
• The report presents information related to the key drivers, restraints, and opportunities of the global in-dash navigation system market with a detailed impact analysis.
• The current in-dash navigation system market is quantitatively analyzed from 2021 to 2030 to benchmark financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

 In-Dash Navigation System Market Report Highlights