Press release
Personal Navigation Devices Market Opportunities, Size, Share And Forecast To 2024-2033
Personal Navigation Devices Market
The personal navigation devices market size is expected to see strong growth in the next few years. It will grow to $4.29 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to health and safety integration, global expansion and emerging markets, subscription-based models, rise in outdoor and adventure activities, environmental considerations. Major trends in the forecast period include geofencing And location-based services, personalized user experiences, environmental sustainability, augmented reality (AR) navigation, voice-activated navigation.
Market Overview -
A personal navigation device (PND) is a portable electronic device designed to assist users in navigating various locations. PNDs are equipped with GPS (Global Positioning System) or other satellite navigation technologies to determine the user's precise location and provide real-time navigation guidance. These devices are commonly used for automotive navigation and can also be utilized for pedestrian navigation and other outdoor activities.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=14158&type=smp
Travel And Tourism Boom Fuels Growth In The Personal Navigation Device Market
The rise in travel and tourism is expected to propel the growth of the personal navigation device market going forward. Travel and tourism refer to the activities of individuals or groups traveling to and visiting places outside their usual environment for leisure, recreation, or business purposes. Higher purchasing power, improved connectivity and digital tools, and increasing government investments allow individuals to spend more on leisure activities, thereby stimulating the tourism industry. PNDs provide accurate and reliable navigation assistance, helping travelers find their way to destinations efficiently, whether they are driving, walking, or biking. For instance, in August 2022, according to the World Travel and Tourism Council, a UK-based organization that represents the travel and tourism industry, the travel and tourism sector experienced substantial growth in 2022, with a contribution of 7.6% to global GDP, an increase of 22%, and domestic visitor spending demonstrated significant growth, with a remarkable increase of 20.4% in 2022. Moreover, the travel and tourism sector's gross domestic product (GDP) is projected to achieve an average annual growth rate of 5.8% during the period from 2022 to 2032. Therefore, the rise in travel and tourism is driving the growth of the personal navigation device market.
Competitive Landscape -
Major companies operating in the personal navigation devices market are Apple Inc., Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Sony Corporation, ALPS ALPINE ASIA CO. LTD, Garmin Ltd., TomTom International BV., Shenzhen RoadRover Technology Co Ltd, Delphi Technology Inc., CalAmp Corp., Omnitracs LLC, Magellan GPS, Advanced Tracking Technologies Inc., Blaupunkt GmbH , Sygic A.S., CarrierWeb, Coban Technologies Inc., Linxup, Mio Technology Corporation, Becker Avionics Inc., NAVIGON AG, AvMap Satellite Navigation Inc., BridgeHaul Logistics Solutions LLC, LiveViewGPS Inc., Navman Wireless, HawkEye Inc., Kenwood Ltd.
The Surge Of Artificial Intelligence In Personal Navigation Devices (PNDs)
Major companies operating in the personal navigation device market are developing advanced technologies, such as AI-powered GPS (Global Positioning System) trackers, to serve customers better with advanced features and drive their revenues in the market. AI-powered GPS trackers leverage artificial intelligence to enhance functionality, going beyond traditional tracking with intelligent features for logistics and fleet management applications. For instance, in September 2021, Tack One, a Singapore-based technology company specializing in AI(artificial intelligence) IoT products and location tracking services, launched Tack GPS Plus. The updated Tack GPS Plus amalgamates GPS, Wi-Fi, the IoT mobile network, A.I., and smart sensors in a compact device. Its patent-pending indoor elevation finder feature utilizes intelligent algorithms and sensors to enable accurate tracking in multistory buildings, significantly reducing search times in urban areas.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/personal-navigation-devices-global-market-report
Key Segments -
The personal navigation devices market covered in this report is segmented -
1) By Device Type: In-Car Personal Navigation Devices (PNDs), Handheld GPS Devices, Smartphone Applications, Wearable GPS devices
2) By Application: Smartphones, Tablets, Automobiles
3) By End-Users: Automotive, Outdoor And Sports, Commercial, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Personal Navigation Devices Market Opportunities, Size, Share And Forecast To 2024-2033 here
News-ID: 3463268 • Views: …
More Releases from The Business research company
Elevating Travel Experiences: Aircraft Cabin Interior Market 2024 | Analysis, Gr …
The aircraft cabin interior market size has grown strongly in recent years. It will grow from $23.39 billion in 2023 to $25.71 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to air travel growth, regulatory standards, aircraft upgrades and retrofits, passenger comfort and experience, in-flight entertainment evolution.
The aircraft cabin interior market size is expected to…
Navigating Innovation: Aerospace Avionics Market Insights 2024 & Forecast 2033 | …
The aerospace avionics market size has grown steadily in recent years. It will grow from $79.41 billion in 2023 to $83.06 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to evolution of aircraft, military sector demand, transition to digital cockpits, safety enhancements, surveillance and air traffic control.
The aerospace avionics market size is expected to see…
Crafting Comfort: Wooden Household Furniture Market 2024 | Growth, Analysis, and …
The wooden household furniture market size has grown steadily in recent years. It will grow from $163.61 billion in 2023 to $171.79 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to population growth, consumer lifestyle changes, economic conditions and disposable income, demographic factors, globalization and trade..
The wooden household furniture market size is expected to see…
Building Foundations: Water And Sewer Line Construction Market 2024 | Trends and …
The water and sewer line and related structures construction market size has grown steadily in recent years. It will grow from $209.03 billion in 2023 to $214.38 billion in 2024 at a compound annual growth rate (CAGR) of 2.6%. The growth in the historic period can be attributed to population growth and urbanization, aging infrastructure, government investments, environmental regulations, health and sanitation concerns..
The water and sewer line and…
More Releases for GPS
Global GPS Equipment Market | Global GPS Equipment Industry | Global GPS Equipme …
GPS or Global Positioning System equipment is used to find the real-time location-based accurate information of any vehicle, or other types of assets. GPS detects the person or vehicle that uses the GPS to track its exact location. The location information is stored & transmitted to others, which are connected by the internet using radio, cellular, or satellite modem embedded in the unit. It comprises a GPS module for receiving…
Global GPS Equipment Market | Global GPS Equipment Industry | GPS Equipment Mark …
Global Positioning System or GPS equipment market comprises of sales of global positioning systems equipment & related services to determine the ground position of an object through GPS satellites. It is a satellite navigation system that transmits accurate signals that allow GPS equipment to decode or measure the desired location of the satellite. These equipments are smaller in size. With the advent of technologies, it has been possible to develop…
Global GPS Fleet Tracking System Market 2020 Industry Analysis by Manufacturers …
The market research report entitled Global GPS Fleet Tracking System Market 2020 by Company, Type and Application, Forecast to 2025 provides analysis on market conditions, trends, capability, key players, opportunities, and geographical analysis. The report proves to be an ultimate solution when it comes to a better understanding of the industry and leads the business growth. The report covers an overview of the segments and sub-segmentations including the product types,…
GPS Market analysis report- with Leading players and Major Applications: GPS-Ena …
GPS Market
Worldwide Market Reports has announced the addition of the “Global GPS Market Size, Status and Forecast 2019-2025”, The report classifies the global Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
Global positioning system (GPS) is a global navigation satellite system that provides information about time and geolocation to the receiver anywhere on or near the earth where four…
Location Based Services Market Report 2018: Segmentation by Component (Hardware, …
Global Location Based Services market research report provides company profile for Cisco Systems, Inc., Google Inc., Alcatel-Lucent SA, AT&T Inc., International Business Machines Corporation, Ltd., Qualcomm Inc., Microsoft Corporation, Oracle Corporation, Apple, Inc., and Bharti Airtel, LTD. and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue,…
GPS Tracking Device Market - Increased Accuracy Of GPS And Decreased In Cost Of …
Navigators and security systems have always been a necessity things of human’s life. The developments of advanced electronics have brought revolutionary changes in these fields. The GPS tracking devices are an electronic device used for tracking location of devices. Most of the tracking systems use GPS module to find out the device position. Many systems also combine communication components such as satellite transmitters to communicate the device location to a…
