Global In-Dash Navigation System Market Report, published by Variant Market Research, forecast that the global market is expected to reach $28.6 billion by 2025 from $11.7 billion in 2017, growing at a CAGR of 11.8% from 2017 to 2025. By Geography, Asia-Pacific and North America are expected to grow at a CAGR of 12.3% and 12%, respectively, during the forecast period.
“Global In-Dash Navigation System Market (By Component: Antenna Module, Control Module, Display Unit and Wiring Harness.; By Technology: 3D Maps and 2D Maps.; By Application: Passenger Cars, HCVs and LCVs.; By Geography: North America, Europe, Asia-Pacific And Row) Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025”
The global In-Dash Navigation System Market is mainly driven by increasing trend of semiautonomous vehicle
The primary factors to drive the growth of the global in-dash navigation system market include increasing trend of semiautonomous vehicle, government regulation about in-dash navigation system, and rising sales of expensive vehicles. However, high system cost and lack of supporting infrastructure in emerging countries may impede the market growth. Moreover, trend of connected car devices, increase in demand for light-weight vehicles, advancement in technologies and ever-increasing production of vehicles are likely to disclose the new avenues in the market in the forthcoming years.
Component, technology, application and geography are the classifications of the global in-dash navigation system market. Component segment includes antenna module, control module, display unit and wiring harness. By technology, the market is bifurcated into 3D Maps and 2D Maps. Moreover, application segment has been categorized into passenger cars, HCVs and LCVs.
The country wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico. Germany, France, UK, Russia, and Rest of Europe are analyzed under the European market. India, China, Japan, and Rest of Asia-Pacific are included under the Asia-Pacific market. While RoW is bifurcated into South America, Middle East, and Africa.
Display Units, by component segment led the market with major share in 2017
Display units contributed for the majority of the share in 2017, in the component segment, and is expected to continue its trend during the forecast period. In terms of growth, the high demand may be attributed due to increased adoption rate and high production of vehicles in developing countries.
2D-map segment dominated the technology segment in 2017
2D-map segment occupied the largest market share in the component segment, and is likely to continue its dominance throughout the forecast period due to the higher costs and complexity of technical expertise of 3D maps technology.
passenger car segment, by application is witnessed to lead the global market over the forecast period
On the basis of application, passenger car segment is expected to achieve the fastest growth throughout the forecast period i.e. 2017 – 2025. followed by heavy commercial vehicles (HCV) and light commercial vehicles (LCV).
Asia-Pacific accounted for the maximum share in the global In-Dash Navigation System Market
In 2017, Asia-Pacific was the highest revenue generating region of the global In-Dash Navigation System Market share. Also, Asia-Pacific is likely to achieve the fastest CAGR during the forecast period, owing to presence of growing economies such as China and India where the demand for the navigation system is rising due to increasing vehicles on the roads and heavy traffic jams.
Prominent players operating in the market include Delphi Technologies, DENSO CORPORATION, TomTom International BV, HARMAN International, Alpine Electronics, Inc., Pioneer Corporation, Mitsubishi Electric Corporation, Continental AG, Garmin Ltd, Robert Bosch GmbH, among others.