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Primary Catalyst Driving Personal Navigation Devices Market Evolution in 2025: Travel And Tourism Boom Fuels Growth In The Personal Navigation Device Market Driver
Personal Navigation Devices Market
The growth of the personal navigation device market is being propelled by an increase in travel and tourism. This includes both individuals and groups going to destinations beyond their usual environment for leisure, recreation, or for business. Rising purchasing power, enhanced connectivity and digitization, as well as growing government investments, are enabling people to spend more on leisure activities, which in turn, bolsters the tourism sector. PNDs enable travelers to navigate with precision and reliability, assisting them to reach their destination efficiently whether by car, foot, or bicycle. For example, in August 2022, the World Travel and Tourism Council, a UK-based entity representing the tourism industry, reported that the travel and tourism sector saw significant growth in 2022, contributing 7.6% to the global GDP-a rise of 22%. There was also substantial growth in domestic visitor spending, with an impressive increase of 20.4% in 2022. Furthermore, the GDP of the travel and tourism sector is expected to grow at an average annual rate of 5.8% from 2022 to 2032. Consequently, the growth of the personal navigation device market is being fueled by the increase in travel and tourism.
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What Is the projected market size and growth rate for the personal navigation devices market?
The market size of personal navigation devices has seen robust growth in the past couple of years. It is projected to increase from $3.15 billion in 2024 to $3.44 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.2%. The considerable growth during the historical period can largely be credited to the accessibility of GPS systems, advancements in military applications, explosion of consumer electronics, integration of navigation in automotive, and escalating urbanization.
The market for personal navigation devices is anticipated to experience robust growth in the upcoming years, with its size projected to reach $4.61 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.6%. The expected growth during this forecast period can be ascribed to factors such as integration of health and safety measures, widening global footprint and burgeoning markets, the implementation of subscription-based models, an increase in outdoor and recreational activities, and environmental factors. Predominant trends for this forecast period encompass geofencing and location-based services, tailoring user experiences, commitment to environmental sustainability, the incorporation of augmented reality (AR) into navigation, and the adoption of voice-activated navigation systems.
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What new trends are reshaping the personal navigation devices market and its opportunities?
Significant firms in the personal navigation device market are innovating with superior technologies like global positioning system (GPS)-guided devices to advance accuracy, user interaction, and connectivity. A GPS-guided tool is a piece of equipment designed to pinpoint exact location and offer navigation through signals from global positioning satellites. For example, in May 2023, Elena Geo System - a space technology enterprise based in India specializing in NavIC-based satellite navigation systems, introduced a hand-held NavIC-based navigation appliance. This navigation gadget can give precise directions for tasks associated with infrastructure projects like railways, land surveys, telecommunications, and hydrocarbon discovery.
What major market segments define the scope and growth of 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 region dominates 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.
Which key market leaders are driving the 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.
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What Is Covered In The Personal Navigation Devices Global Market Report?
•Market Size Forecast: Examine the personal navigation devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the personal navigation devices market for a structured understanding.
•Key Players Overview: Analyze major players in the personal navigation devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the personal navigation devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the personal navigation devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the personal navigation devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the personal navigation devices market.
•Competitive Landscape: Review strategic developments in the personal navigation devices market, including expansions, agreements, and new product launches.
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