Press release
Key Personal Navigation Devices Market Trend for 2025-2034: The Surge Of Advanced Solutions In Personal Navigation Devices (PNDs)
Personal Navigation Devices Market Size
The personal navigation devices market has grown strongly in recent years. It will increase from $3.15 billion in 2024 to $3.44 billion in 2025, at a CAGR of 9.2%. This growth is supported by the availability of GPS systems, the development of military applications, the booming consumer electronics market, integration with automotive navigation, and the rise in urbanization.
The personal navigation devices market is expected to experience strong growth, reaching $4.61 billion by 2029 with a CAGR of 7.6%. The growth is attributed to the integration of health and safety features, global expansion in emerging markets, subscription-based models, an increase in outdoor and adventure activities, and environmental considerations. Trends include the use of geofencing and location-based services, personalized user experiences, sustainability efforts, AR navigation, and voice-activated navigation.
What Is Stimulating Growth in the Personal Navigation Devices Market?
The rise in travel and tourism is projected to propel the growth of the personal navigation device (PND) market. Travel and tourism involve individuals exploring new destinations for leisure, business, or recreation. Increasing disposable income, improved digital connectivity, and government investments are fueling growth in the tourism sector, driving demand for navigation solutions. PNDs help travelers navigate efficiently, whether by car, foot, or bicycle. For example, in August 2022, the World Travel and Tourism Council, a UK-based industry organization, reported that the travel and tourism sector contributed 7.6% to the global GDP in 2022, marking a 22% increase. Domestic visitor spending also surged by 20.4%. Furthermore, the industry's GDP is projected to grow at an average annual rate of 5.8% from 2022 to 2032. Consequently, the rising travel and tourism sector is fueling the expansion of the personal navigation device market.
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Which Key Market Leaders Are Driving Personal Navigation Devices Industry Growth?
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.
What Are the Emerging Trends in the Personal Navigation Devices Industry?
Major companies in the personal navigation device market are focusing on advanced technologies, such as GPS-based devices, to enhance precision, user experience, and connectivity. GPS-oriented devices determine precise locations and provide navigation assistance via global positioning satellites. For instance, in May 2023, Elena Geo System, an India-based space technology firm specializing in NavIC-based satellite navigation, launched a handheld NavIC navigation device. This device offers precise navigation solutions for tasks related to infrastructure projects, including railway construction, land surveying, telecommunications, and hydrocarbon exploration.
What Are the Main Segments in the Personal Navigation Devices Market?
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
Subsegments:
1) By In-Car Personal Navigation Devices (PNDs): Standalone PNDs, Integrated PNDs, Portable PNDs
2) By Handheld GPS Devices: Hiking GPS Devices, Fishing GPS devices, Geocaching GPS Devices
3) By Smartphone Applications: Navigation Apps, Offline Navigation Apps, Specialty Apps
4) By Wearable GPS Devices: Fitness Trackers With GPS, Smartwatches With GPS, Activity Monitors With Navigation Features
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Which Geographic Area Leads the Personal Navigation Devices Market?
North America was the largest region in the personal navigation devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the personal navigation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Personal Navigation Devices Global Market Report?
- Market Size Analysis: Analyze the Personal Navigation Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Personal Navigation Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Personal Navigation Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Personal Navigation Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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