Automotive Navigation Systems Market to Record 2.10% of Y-O-Y Growth Rate in 2021| Aisin Corp Offers Voice Car Navigation System (Audi), and NAVIelite| Technavio

NEW YORK, Jan. 6, 2022 --

Automotive Navigation Systems Market Facts at a Glance-

• Total Pages: 120
• Companies: 10+ – Including Aisin Corp, Alpine Electronics Inc., Continental AG, DENSO Corp., Garmin Ltd., Panasonic Corp., Pioneer Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and TomTom International BV  among others.
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
• Segments: Product (IVS and PND) & Type (passenger cars and commercial vehicles),
• Geographies: APAC, North America, Europe, South America, and MEA

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According to the recent market study by Technavio, the Automotive Navigation Systems Market  is expected to increase by 7.28 million units from 2020 to 2025, with an accelerated CAGR of 2.34%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets. APAC will register the highest growth rate of 42% among the other regions. 

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Vendor Insights-
The Automotive Navigation Systems Market is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.

Aisin Corp - The company offers a line of automotive navigation systems such as Smart eco-drive function equipped car navigation system, Voice Car Navigation System (Audi), and NAVIelite.

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Regional Market Outlook
The Automotive Navigation Systems Market share growth in APAC will be significant during the forecast period. China and Japan are the key markets for automotive navigation systems in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and North America.

Increasing urbanization, high disposable income, growing demand for cars among consumers, increasing car-sharing activities, rising adoption of smartphones associated with growing internet connectivity, and the presence of global and local vendors will facilitate the automotive navigation systems market growth in APAC over the forecast period. 

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Latest Drivers & Trends Driving the Market-

• Automotive Navigation Systems Market Driver:
• Minimization of vehicle operating cost :

To maintain the operational efficiency and condition of a vehicle for the long run, preventive measures can be taken by providing extensive diagnostics to it. The navigation system helps users in driving less distance by showing the best shortest route, which saves fuel. It also provides warnings related to speed limits and helps fleet operators and drivers to avoid damages to tires and reduce the chances of paying penalties for overspeeding or wrong turns. Moreover, fleet tracking navigation solutions help reduce fleet maintenance costs. Such advantages associated with automotive navigation systems are increasing their adoption among consumers. This, in turn, is boosting the growth of the automotive navigation systems market.

• Automotive Navigation Systems Market Trend:
• Increased support for open source and standard platforms for application development in automotive infotainment :

As the competition among automotive manufacturers was limited to towing capacity, acceleration, and horsepower of the vehicle. But, recently, there has been a shift in the focus of consumers and OEMs from what is under the hood to what is behind the vehicle's dashboard. A growing area of competition between both automobile manufacturers and automotive infotainment/navigation system manufacturers is the software or OS used in the vehicle's infotainment systems. Manufacturers of automotive navigation systems are shifting toward the PC-like architectural concept. In this, the functionality of the system is dependent on the main CPU. As a result, the software or the OS used in systems act as the product differentiator among the brands.

Find additional information about various other market Drivers & Trends mentioned in our FREE sample report.

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SOURCE Technavio