In-Dash Navigation System Market

Market Synopsis:

The Global In-Dash Navigation System Market is valued at USD 13.52 billion in the year 2021 and is projected to reach a value of USD 25.85 Billion by the year 2028. The Global Market is expected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 11.30% over the forecast period.

A vehicle-integrated navigation system that provides map display and turn-by-turn guidance for location routes is referred to as a "In-Dash Navigation System." Real-time traffic information, 3D HD maps, music access, voice help, and OTA map updates are all available. The constant rise of the vehicle sector, as well as rising disposable income in both developing and developed countries, is important macroeconomic drivers impacting market growth OEMs are concentrating their efforts on embedded and technologically advanced automotive systems that can execute several duties in a single unit. OEMs with the biggest passenger car manufacturing capacity are now producing In-Dash Navigation Systems for hatchback vehicles in order to obtain public acceptance and a competitive advantage in the market.

Increased demand for automobiles with improved safety and navigation features, as well as the adoption of new vehicle norms and government regulations linked to In-Dash Navigation Systems, are driving market expansion. However, industry development is projected to be limited by the expensive cost of In-Dash Navigation Systems, as well as increased worries about data privacy and security. Furthermore, throughout the projected period, higher usage of connected automobile devices and technical advances are likely to give possibilities for growth.

Market Segmentation:

The In-Dash Navigation System Market is segmented on the basis of Component, Connected Navigation service type, Technology type, Vehicle type and Electric Vehicle type. Based on Component, the market is divided as Display Unit, Control Module, Antenna Module and Wiring Harness. Based on Connected Navigation Services type, the market is divided as Real Time Traffic and Direction Information Services, Fleet Management Services and Others (Weather Forecast and Concierge). Based on Technology type, the market is divided 2D maps and 3D maps. Based on Vehicle type, the market is divided as Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles. Based on Electric Vehicle type, the market is divided as BEV, HEV and PHEV.

Based on Connected Navigation Services Type:

By Connected Navigation Services type, the market is divided into Real Time Traffic and Direction Information Services, Fleet Management Services and Others (Weather Forecast and Concierge). Real-time traffic and directions information (TDI) services allow drivers to navigate their vehicles using real-time data from sources concerning traffic and routes to take, allowing them to make the best decision possible. This technology collects data in real time from many sources and evaluates it to make quick judgments, which is essential for effective traffic control.

Fleet management services provide a low-cost, dependable communications link for tracking a fleet vehicles position, determining ideal routes, reducing idle time, monitoring driving patterns/driver behavior, and ensuring vehicle safety. Fuel usage monitoring, greater driver and vehicle safety, review of driver and vehicle performance, and improved customer service are all benefits of having fleet management services in a vehicle.

Based on Vehicle Type:

The In-Dash Navigation System Market, by vehicle type, is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger automobile sector dominates this market, followed by light commercial vehicles (LCV) and heavy commercial vehicles (HCV). Passenger vehicles include hatchbacks, sedans, multi-purpose vehicles (MPVs), and SUVs (SUV). Commercial vehicles are divided into two categories: light commercial vehicles (LCV) and heavy commercial vehicles (HCV) (HCV). Furthermore, rising vehicle production and increased demand for light-weight cars are expected to drive the In-Dash Navigation Systems market throughout the forecast period.

Europe is expected to acquire the largest market share during the year 2021:

Europe is expected to account for the largest share of the market with a market share of 36.90% in terms of growth. The expansion of the In-Dash Navigation System Market is influenced by government agreements to support and enhance fleet management systems, as well as the appearance of various navigation system manufacturing start-ups. Furthermore, as the number of automobiles on the road in developing countries grows, so does the demand for real-time traffic and weather information, resulting in a growth in In-Dash Navigation System demand. The expanding transportation infrastructure in the region is to blame for this increase. Furthermore, market growth is aided by the existence and availability of global and local brands, as well as the impact of sales channels.

Competitive Landscape:

Key players operating in the Global In-Dash Navigation System Market include Robert Bosch GmbH (Germany) and others

Segmentation of Global In-Dash Navigation System Market: