The latest research study by IMARC Group, “In-Dash Navigation System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global in-dash navigation system market analysis. The global in-dash navigation system market reached a value of US$ 13.55 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 26.54 Billion by 2027, exhibiting a CAGR of 11.60% during 2022-2027.
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In-Dash Navigation System Industry Outlook:
An in-dash navigation system refers to a navigation system that utilizes a built-in global positioning system (GPS) to provide an accurate location, route information, and directions. These systems rely on combined head units such as compact disk (CD) players, satellite radio, digital video disc (DVD) player inputs, hands-free cellphones, amplitude modulation (AM), and frequency modulation (FM). In addition, they offer real-time traffic information, weather forecast, and information concerning other points of interest (POI) such as the nearest gas station, restaurant, hotel, spa, malls, hill station, beach, and amusement park. As a result, in-dash navigation systems are widely adopted in heavy commercial vehicles (HCVs), light commercial vehicles (LCVs), and passenger cars across the globe.
The market is primarily driven by the expanding automotive industry and the rising incorporation of in-dash navigation systems in vehicles to minimize fuel consumption and enhance safety and route planning. Moreover, various governing authorities are implementing stringent policies to reduce carbon emissions from automobiles which represent another-major growth-inducing factor.
Besides this, the rising occurrence of fatalities, road accidents, and injuries worldwide is encouraging manufacturers to incorporate advanced driver assistance systems (ADAS) and lane departure warning systems (LDWS) for better services. This, coupled with various technological advancements, such as voice-based navigation, Bluetooth connectivity, android auto, and the increasing adoption of connected car devices, are anticipated to propel the market growth.
Furthermore, the launch of in-dash hybrid navigation systems that provide fast and up-to-date routing, seamless navigation, continuous map update, and over-the-air (OTA) software to create a responsive user experience is creating a positive market outlook across the globe.
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|In-Dash Navigation System Market Report Scope|
|Market size value in 2021||US$ 13.55 Billion|
|Market forecast in 2027||US$ 26.54 Billion|
|Growth Rate||CAGR of 11.60% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Component, Technology, Screen Size, Vehicle Type, Sales Channel and Region|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Component:
- Display Unit
- Control Module
- Antenna Module
- Wiring Harness
Breakup by Technology:
- 2D Maps
- 3D Maps
Breakup by Screen Size:
- Less Than 6 Inches
- 6 Inches to 11 Inches
- Greater Than 11 Inches
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Breakup by Sales Channel:
- Original Equipment Manufacturer
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are Alpine Electronics Inc. (Alps Electric Co. Ltd.), Clarion (Faurecia), Continental Aktiengesellschaft, DENSO Corporation, Garmin Ltd., Harman International Industries Incorporated (Samsung Electronics Co. Ltd), JVCKENWOOD Corporation, Luxoft Holding Inc. (DXC Technology Company), Mitsubishi Electric Corporation, Pioneer Corporation, Robert Bosch GmbH and TomTom International BV.
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About IMARC Group:
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