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Travel And Tourism Boom Fuels Growth In The Personal Navigation Device Market: A Significant Driver Propelling The Personal Navigation Devices Market In 2025
Personal Navigation Devices Market
What Is the Personal Navigation Devices Market Size and Projected Growth Rate?
In the past few years, there's been a substantial growth in the market size for personal navigation devices. A rise from $3.15 billion in 2024 to $3.44 billion in 2025, with a compound annual growth rate (CAGR) of 9.2%, is anticipated. The prior period's progress can be tied back to the accessibility of the GPS system, advancements in military applications, a boom in consumer electronics, the incorporation of navigation in the automotive sector, and an increase in urbanization.
Expectations are high for the personal navigation devices market to experience robust growth in the coming years. The market is projected to reach a valuation of $4.61 billion by 2029, expanding at a compound annual growth rate (CAGR) of 7.6%. This anticipated growth during the forecast period could be due to factors like the integration of health and safety, globalisation, emerging markets, and the preference for subscription-based models. Other contributing factors include the increase in outdoor and adventure activities as well as environmental considerations. Key trends to look out for during this period include geofencing and location-based services, customised user experiences, environmental sustainability, augmented reality (AR) navigation, and voice-activated navigation.
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What Are the Major 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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What Are The Driving Personal Navigation Devices Market Evolution?
The personal navigation device market is anticipated to expand due to the surge in travel and tourism. Travel and tourism encompass individuals or groups moving to various locations beyond their usual surroundings for enjoyment, entertainment, or professional reasons. Elevated financial capacity, enhanced digital connectivity, and rising government expenditure enable people to allocate more funds for recreational activities, thus boosting the tourism sector. Personal Navigation Devices (PNDs) offer precise and trustworthy navigation assistance, enabling travelers to reach their destinations efficiently no matter their mode of transport - by car, foot, or bicycle. To illustrate, the World Travel and Tourism Council, a UK-based association serving the travel and tourism sector, reported robust growth in this sector in August 2022. The industry contributed 7.6% to the global GDP, marking a 22% surge, while domestic visitor expenditure also surged, displaying a remarkable 20.4% growth the same year. In addition, the travel and tourism sector's GDP is expected to see an average annual growth rate of 5.8% from 2022 to 2032. Hence, the upward trend in travel and tourism is accelerating the development of the personal navigation device market.
Which Firms Dominate The Personal Navigation Devices Market Segments?
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 Trends Are Expected to Dominate the Personal Navigation Devices Market in the Next 5 Years?
Top players in the personal navigation device market are introducing new technologies like global positioning system (GPS)-enabled devices to improve precision, user interaction, and connectivity. A GPS-enabled device is a tool created to identify an accurate location and assist in navigation using signals from global positioning satellites. For example, in May 2023, Elena Geo System, an Indian space technology firm specializing in NavIC-based satellite navigation systems, released a handheld NavIC-based navigation gadget. This navigation gadget can offer accurate guidance for tasks associated with infrastructure projects like rail, land survey, telecoms, and hydrocarbon exploration.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Personal Navigation Devices Market?
2. What is the CAGR expected in the Personal Navigation Devices Market?
3. What Are the Key Innovations Transforming the Personal Navigation Devices Industry?
4. Which Region Is Leading the Personal Navigation Devices Market?
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