In-Dash Navigation System Market Growth by Top Companies, Gross Margin, End-Users Forecasts 2022
“In–Dash Navigation System Market by Technology (2D & 3D maps), by Components (Display Unit, Control Module, Antenna Module, & Wiring Harness), by Connected Navigation Services (TDI & FMS), by Vehicle Type (PC, LCV & Electric Vehicle) & by Region – Global Forecast to 2022″, The global in-dash navigation system market is projected to grow at a CAGR of 12.74% from 2017 to 2022, to reach USD 17.53 billion by 2022.
The major factors driving the growth of this market include the increased production of vehicles, electrification of vehicles, government regulations regarding use of embedded navigation, and increasing purchasing power of people in developing economies. Also, the new vehicle emission norms are encouraging the automakers to produce more fuel-efficient vehicles, which in turn is increasing the demand for in-dash navigation system. Navigation systems play a major role in providing information about traffic jams and shortest routes to reach the desired destination. This information helps to reduce fuel consumption and waiting time at traffic jams and traffic signals. However, the non-availability of supporting infrastructure may pose a challenge to the growth of the in-dash navigation system market.
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“Increasing number of joint ventures and mergers would drive the in-dash navigation system market in Asia-Pacific region”
Asia-Pacific is estimated to hold the largest share, by value and volume, of the in-dash navigation system market in 2017. Also, in terms of growth, the Asia-Pacific market is projected to grow at the highest CAGR during the forecast period. Developing economies such as China and India are expected to play a major role due to the increasing vehicle production. Also, increasing demand from customers to have a mobile phone like features in automobiles is expected to drive the market for an in-dash navigation system in the region.
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Major players profiled in the report are:
- Continental AG (Germany)
- Delphi Automotive (U.K.)
- Denso Corporation (Japan)
- Robert Bosch (Germany)
- TomTom (Netherlands)
- Luxoft (Switzerland)
- Harman International (U.S.)
- Alpine Electronics (Japan)
- Garmin Ltd. (U.S)
- Pioneer Corporation (Japan)
- Mitsubishi Electric (Japan)
- Clarion (Japan)
“2D Maps –To remain Predominant during the forecast period”
The 2D maps technology accounts for the largest market share, by volume, of the global in-dash navigation system market, followed by 3D maps. This ranking is expected to remain the same during the forecast period. A standard car is equipped with the 2D maps technology as the 3D maps technology is more expensive and complicated to implement. On the other hand, global vehicle production is increasing moderately at an annual growth rate of 5%–7%. This addition of new vehicles each year is expected to add volume to the in-dash navigation system market during the forecast period.
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