Global Car GPS Navigation System Market is valued at approximately USD 1.01 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.66% over the forecast period 2023-2030. A car GPS navigation system is a device that uses the Global Positioning System (GPS) to provide turn-by-turn directions to a destination. Car GPS Navigation System is a GPS receiver with an audio and video component that receives satellite signals to help with automobile tracking and location GPS navigation systems are available in a variety of forms, including portable devices, built-in systems, and smartphone apps. The Car GPS Navigation System market is expanding because of factors such as the growth in popularity of vehicles with advanced safety coupled with the rise in the adoption of car sharing systems. However, the high cost of GPS navigation system and the increase in concern for data privacy tends to lower the market.
The growth in popularity of vehicles with advanced safety and the rise in the adoption of car sharing has resulted in the market growth. According to Statista 2022, the global sector for automotive safety systems reached USD 93.28 billion in 2021, and it is projected to expand to USD 127.2 billion by 2027.
This growth is driven by the increasing adoption of advanced safety features in vehicles, reflecting a rising demand for enhanced automotive safety. Moreover, the increase in the adoption of electric and hybrid vehicles and the rise in the trend of connected car devices further act as a growing factor for the market. According to Statista 2023, the Electric Vehicles sector is anticipated to achieve a revenue of USD 561.3 billion in 2023, with an estimated annual growth rate of 10.07% during the forecast period. The expansion of electric vehicles is a driving force behind the increasing emphasis on automotive safety, which in turn is expected to contribute to the overall market growth.
The key regions considered for the Global Car GPS Navigation System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 due to the increasing demand for GPS navigation systems and the steady rise in automobile sales within the region, fostering market growth. Furthermore, government initiatives focused on ensuring GPS integration in all vehicles have also played a role in this growth. Meanwhile, the Asia-Pacific region is poised for significant expansion in the foreseeable future. This is attributed to the presence of major automotive manufacturing hubs in developing countries like Japan, India, and China. Additionally, economic growth, urbanization, and evolving consumer lifestyles in these developing nations have contributed to the market's overall growth..
Major market player included in this report are:
- Aisin Corporation
- Alpine Electronics Inc.
- Faurecia Clarion Electronics Co., Ltd.
- Mitsubishi Electric Corporation
- DENSO Corporation
- Continental AG
- Garmin Ltd.
- JVCKenwood Corporation
- Panasonic Holdings Corporation
- Sony Group Corporation
Recent Developments in the Market:
- In Alpine Electronics partnered with Furuno Electric Co. to jointly create the UMSZ6 Series GNSS1 Module, which delivers precise vehicle positioning with an impressive accuracy level of 50 cm. The exceptional accuracy of this module serves as a compelling incentive for consumers to invest in this technology.
Global Car GPS Navigation System Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Car Type, Component, End User, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Car Type:
- Passenger Car
- Commercial Car
By Component:
By Ens User:
By Distribution Channel:
- Hospitals
- Retail Pharmacies
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Car GPS Navigation System Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Car GPS Navigation System Market, by Car Type, 2020-2030 (USD Billion)
- 1.2.3. Car GPS Navigation System Market, by Component, 2020-2030 (USD Billion)
- 1.2.4. Car GPS Navigation System Market, by End User, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Car GPS Navigation System Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Car GPS Navigation System Market Dynamics
- 3.1. Car GPS Navigation System Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Growth in popularity of vehicles with advanced safety
- 3.1.1.2. Rise in adoption of car sharing
- 3.1.2. Market Challenges
- 3.1.2.1. High cost of GPS navigation system
- 3.1.2.2. Increase in concern about data privacy
- 3.1.3. Market Opportunities
- 3.1.3.1. Increase in adoption of electric and hybrid vehicle
- 3.1.3.2. Rise in trend of connected car devices
Chapter 4. Global Car GPS Navigation System Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Car GPS Navigation System Market, by Car Type
- 5.1. Market Snapshot
- 5.2. Global Car GPS Navigation System Market by Car Type, Performance - Potential Analysis
- 5.3. Global Car GPS Navigation System Market Estimates & Forecasts by Car Type 2020-2030 (USD Billion)
- 5.4. Car GPS Navigation System Market, Sub Segment Analysis
- 5.4.1. Passenger Car
- 5.4.2. Commercial Car
Chapter 6. Global Car GPS Navigation System Market, by Component
- 6.1. Market Snapshot
- 6.2. Global Car GPS Navigation System Market by Component, Performance - Potential Analysis
- 6.3. Global Car GPS Navigation System Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
- 6.4. Car GPS Navigation System Market, Sub Segment Analysis
- 6.4.1. Hardware
- 6.4.2. Software
Chapter 7. Global Car GPS Navigation System Market, by End User
- 7.1. Market Snapshot
- 7.2. Global Car GPS Navigation System Market by End User, Performance - Potential Analysis
- 7.3. Global Car GPS Navigation System Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
- 7.4. Car GPS Navigation System Market, Sub Segment Analysis
- 7.4.1. OEM
- 7.4.2. Aftermarket
Chapter 8. Global Car GPS Navigation System Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Car GPS Navigation System Market, Regional Market Snapshot
- 8.4. North America Car GPS Navigation System Market
- 8.4.1. U.S. Car GPS Navigation System Market
- 8.4.1.1. Car Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Component breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End User breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Car GPS Navigation System Market
- 8.5. Europe Car GPS Navigation System Market Snapshot
- 8.5.1. U.K. Car GPS Navigation System Market
- 8.5.2. Germany Car GPS Navigation System Market
- 8.5.3. France Car GPS Navigation System Market
- 8.5.4. Spain Car GPS Navigation System Market
- 8.5.5. Italy Car GPS Navigation System Market
- 8.5.6. Rest of Europe Car GPS Navigation System Market
- 8.6. Asia-Pacific Car GPS Navigation System Market Snapshot
- 8.6.1. China Car GPS Navigation System Market
- 8.6.2. India Car GPS Navigation System Market
- 8.6.3. Japan Car GPS Navigation System Market
- 8.6.4. Australia Car GPS Navigation System Market
- 8.6.5. South Korea Car GPS Navigation System Market
- 8.6.6. Rest of Asia Pacific Car GPS Navigation System Market
- 8.7. Latin America Car GPS Navigation System Market Snapshot
- 8.7.1. Brazil Car GPS Navigation System Market
- 8.7.2. Mexico Car GPS Navigation System Market
- 8.8. Middle East & Africa Car GPS Navigation System Market
- 8.8.1. Saudi Arabia Car GPS Navigation System Market
- 8.8.2. South Africa Car GPS Navigation System Market
- 8.8.3. Rest of Middle East & Africa Car GPS Navigation System Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Aisin Corporation
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Alpine Electronics Inc.
- 9.3.3. Faurecia Clarion Electronics Co., Ltd.
- 9.3.4. Mitsubishi Electric Corporation
- 9.3.5. DENSO Corporation
- 9.3.6. Continental AG
- 9.3.7. Garmin Ltd.
- 9.3.8. JVCKenwood Corporation
- 9.3.9. Panasonic Holdings Corporation
- 9.3.10. Sony Group Corporation
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption