Global In Dash Navigation System Market — Industry Analysis and Forecast (2018–2026) — by Component, by Technology, by Application and Region.
Global In Dash Navigation System Market was valued at US$ 11.7Bn in 2017 and is expected to reach US$ 28.2Bn by 2026, at a CAGR of 11.62% during a forecast period.
Rising concerns regarding the global problem of traffic congestion, especially in the developed areas, and the changing consumer behavior towards better in-dash features are the primary factors driving the demand for the automotive navigation systems. Growing acceptance is supporting the manufacturers to develop and meet the demand for efficient In-Dash Navigation Systems.
Based on the Technology, 3D Maps segment is expected to hold the largest share in the market during the forecast period. Road congestion through higher throughput, to improve road safety by eliminating human error, and free drivers from the burden of driving, allowing greater demand of 3Dmaps for travelling. The past three decades have seen steadily increasing research efforts in developing self-driving vehicle technology via 3Dmaps. 3DMaps technically accurate and up-to-date to see real time happening and provide sources to drive better via mapping. If every single car collected data on every mile it drove and continuously shared roadside information with others. In Application, Passenger Vehicle is also expected to lead the market growth.
The report provides details list of drivers and restraints of the market, which are influencing the market growth.
Major driving factors of the In-Dash Navigation System market are the global automotive industry is about to entering a good phase of wide-ranging and transformative change. Consumers need more connectivity, are focused on active safety and ease of use, and are increasingly using digital sources in making their purchase decisions. The increase in demand for light weight vehicle components, legislations for emissions in developed countries. The high Performance hybrid cars are likely to gain greater popularity among consumers, suppliers adding more value in alternative powertrain technologies and in innovative solutions for active safety and infotainment. Concerns data security and High system cost will act as a restraint to the market.
In terms of region, Asia pacific is expected to hold the largest share in the market during the forecast period. Automobile industry has a prominent future in Asia. Energy and fuel efficiency continue to be the drivers for growth. Urbanization rates have also risen in Asia, from around 40 percent in 2010 to above 50 percent in 2030, providing another growth boost due to the emergency of new city clusters, with related consumer and manufacturing hubs. Asia’s brightest emerging stars will comprise India, Vietnam, and the Philippines, due to their populous and fast-growing economies.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, brand portfolio expansion, mergers, collaborations, joint ventures, acquisitions, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
The scope of the Report for In-Dash Navigation System Market
Global In-Dash Navigation System Market, by Component
- Antenna Module • Control Module • Display Unit • Wiring Harness
Global In-Dash Navigation System Market, by Technology
• 3D Maps • 2D Maps
Global In-Dash Navigation System Market, by Application
• Passenger Cars • HCVs • LCVs
Global In-Dash Navigation System Market, by Region
• North America • Europe • Asia Pacific • Middle East & Africa • South America
Key Players Operating in In-Dash Navigation System Market
- Alpine Electronics Inc. • Clarion Co. Ltd. • Continental AG • Delphi Automotive PLC • Denso Corporation • Garmin International • Luxoft Holdings Inc. • Mitsubishi Electric Corp. • Pioneer Corporation • Robert Bosch GmbH • TomTom • Aptiv • F-Secure Corporation • Harman International • Siemens AG • Farsight Security Inc
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