Car GPS Market

Car GPS Market by Type (Hardware, Software) by Vehicle Type (Passenger, Commercial) by End User (OEM, Aftermarket) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Car GPS in terms of revenue?

    The global Car GPS valued at 785.24 Million in 2020 and is expected to reach 1626.57 Million in 2028 growing at a CAGR of 8.70%%

  • Which are the prominent players in the market?

    The prominent players in the market are JVCKENWOOD Corporation, Continental AG, Pioneer Corporation, Mitsubishi Electric, Panasonic Corporation, Alpine Electronics, Denso Corporation, Robert Bosch, TomTom, Sony Corporation..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 8.70%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Car GPS include

    • The growing car sales globally is anticipated to augment the growth of the car GPS market during the forecast period. This is attributable to the rapid urbanization, rising disposable income of the consumers, and improvement in technologies. The emerging economies are major influencers of car GPS navigation system market. This in turn is anticipated to fuel the growth for car GPS market.
    • The primary features of car navigation systems are integrating real-time data, map updates, and smartphone integration. Due to the growing accessibility to the internet through smartphones, the demand for navigation systems is growing amongst most ride-hailing apps, which is likely to fuel the car GPS market. GPS devices are largely used by car fleets such as Uber so as to track their drivers and passenger's location or associated activity.

  • Which region accounted for the largest share in the market?

    Europe was the leading regional segment of the Car GPS in 2020.

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