The demand for in-dash navigation system is expected to increase during the forecast period owing to greater need for navigation services, real-time traffic status, and entertainment. Most in-dash navigation systems available in the market are touchscreen to simplify the navigation of both, menu and maps. Many in-dash navigation systems offer additional features such as audio capabilities, the ability to connect smartphones, and stream music.
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 report offers detailed segmentation of the global in-dash navigation system market on the basis of technology, component, vehicle type, screen size, sales channel, and region.
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The vehicle type segment has been divided into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car segment is expected to dominate the global in-dash navigation system market in 2020. The increase in demand for passenger vehicles across the globe and the growing need to offer enhanced driving experience and safety to passengers drive the growth of this segment. Increase in adoption of connected cars further promots the growth of the in-dash navigation systems market.
Segment Review:
Based on technology, the 2D maps segment accounted for the highest share in 2020, holding nearly three-fifths of the total share, and is estimated to continue its leadership status during the forecast period. However, the 3D maps segment is projected to register the highest CAGR of 13.4% from 2021 to 2030.
Based on sales channel, the original equipment manufacturer segment held the largest share in 2020, accounting for around three-fourths of the total share of the global in-dash navigation system market, and is estimated to continue its lead position during the forecast period. However, the aftermarket segment is expected to witness the fastest CAGR of 13.0% from 2021 to 2030.
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The market is influenced by 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. However, factors such as high cost associated with in-dash navigation and increase in concerns associated with data privacy and protection hamper the growth of the in-dash navigation system market.
Regional Insights:
Based on region, Asia-Pacific accounted for the highest share in 2020, contributing to nearly two-fifths of the total market share, and is estimated to continue its dominant share by 2030. However, Europe is expected to portray the largest CAGR of 12.6% during the forecast period.
Asia-Pacific is expected to dominate the in-dash navigation system market during the forecasted period. Factors such as increasing adoption of electric vehicle, development of autonomous vehicles, and introduction of safety regulations by governments in the region are expected to contribute to the growth of in-dash navigation system market.
Key Industry Players:
Key players operating in the global in-dash navigation system market 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
