In-Dash Navigation System Market to Grow at CAGR of 11.6% and Reach $35,406.7 million by 2030

According to a recent report published by Allied Market Research, titled, "In-Dash Navigation System Market by Technology, Component, Vehicle Type, Screen Size, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030,"

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.alliedmarketresearch.com/request-sample/4566

the global in-dash navigation system market size was valued at $12,156.0 million in 2020, and is projected to reach $35,406.7 million by 2030, registering a CAGR of 11.6% from 2021 to 2030.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀

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.

On the basis of technology, the in-dash navigation system market is segregated into 2D maps and 3D maps. The 3D maps technology is expected to grow at a faster pace duing the forecast period. Several in-dash navigation system manufacturers have developed 3D maps-based navigation systems. 3D maps-based navigation enhances visual depiction and simplifies recognition of landmarks. Integration of 3D mapping coupled with voice-based navigation system enhance the driving experience while improving safety.

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.

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𝗧𝗵𝗲 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀

Alpine Electronics,Inc.
Continental AG
Denso Corporation
DXC Technology Company
Garmin Ltd.
Panasonic Corporation
Pioneer Corporation
Robert Bosch Gmbh
Samsung Electronics Co.Ltd.
TomTom International BV

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𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗥𝗲𝘃𝗶𝗲𝘄

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.

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.

Key Findings Of Study

By technology, the 3D map segment is anticipated to exhibit significant growth in the near future.
By component, the display unit segment is expected to register a significant growth during the forecast period.
By vehicle type, the passenger cars segment is anticipated to exhibit significant growth in the near future.
By screen size, the 6 inches to 11 inches segment is expected to register a significant growth during the forecast period.
By sales channel, the OEM segment is anticipated to exhibit significant growth in the near future.
By region, Europe is anticipated to register the highest CAGR during the forecast period.

Similar Reports We Have on Navigation System Industry:

Car GPS Navigation System Market - https://www.alliedmarketresearch.com/car-gps-navigation-system-market

Automotive LiDAR Market - https://www.alliedmarketresearch.com/automotive-lidar-market

Smart Transportation Market - https://www.alliedmarketresearch.com/smart-transportation-market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.