The global Personal Navigation Devices Market leads to an approximate CAGR of 8.2% in the global market during the forecast period, and projects a revenue valued at USD 2,875 Million in 2022, and is expected to cross USD 6,340 Million by 2032.
| Attributes | Details |
|---|---|
| Personal Navigation Devices Market Size (2022) | USD 2,875 million |
| Personal Navigation Devices Market Size (2032) | USD 6,340 million |
| Personal Navigation Devices Market CAGR | 8.2% |
The increasing deployment of e-hailing services across the globe is likely to escalate the demand for personal navigation devices. The implementation of Internet of Things (IoT) in GPS devices to transfer data remotely and communicate with other systems and sensors surges the adoption of personal navigation devices.
The voice-output option implemented in navigation systems built into automobiles drives the sales of personal navigation devices. Smart mobility applications like navigation, fleet management, satellite road traffic monitoring, etc. propel the personal navigation devices market share.
The availability of several features within GPS systems, such as multimedia player, mobile hands-free system, games, travel utilities, etc, broadens the personal navigation devices market size.
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Rise in the usage of smartphones and other smart devices, equipped with navigation system apps, increases the demand for personal navigation systems. Increasing demand from OEMs and after market applications in emerging economies expands the personal navigation devices market share.
Surging awareness and need for location-based devices, for safety, increases the sales of personal navigation devices. Increasing demand for in-vehicle infotainment as well as location tracking services to guide traveling surges the adoption of personal navigation devices.
The growing requirement of navigational devices in the automotive and commercial sectors drives the sales of personal navigation devices. Demand for IoT and cloud-based services to be applied to GPS systems promotes the personal navigation devices market growth.
Manufacturers incorporating safety and security applications, such as the implementation of Advanced Driver Assistance (ADAS) with additional intelligent sensors increases, the sales of personal navigation devices.
Integration of navigation supported by safety and security features in automobiles to avoid thefts and accidents surges the demand for personal navigation devices.
Sales of personal navigation systems are predicted to decline due to feature-related complexity and increased user expectations. Due to frequent GPS system updates, which can be annoying for users, impeding the personal navigation devices market.
The personal navigation devices market size impedes due to high costs associated with in-dash navigation systems. Lack of telecommunication infrastructure in developing economies, resulting in scarcity, hinders the demand for personal navigation devices.
Moreover, the adoption of personal navigation devices hampers due to growing concerns associated with data protection and privacy. Inaccurate location detection and clocks in underdeveloped countries further thwart the personal navigation devices market share.
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Technological developments, along with increasing demand owing to rising disposable income of consumers in developing economies escalates the adoption of personal navigation devices.
The implementation of GPS systems in connected cars to provide navigation services for planning of fastest routes and avoiding real-time traffic surges the demand for personal navigation devices.
Using transmit fleet positioning information through onboard units (OBUs) to aid transport operators in detecting logistics performance activities expands the personal navigation devices market share.
Increasing usage of digital maps and surge in advancement and upgrade of software used in GPS tracking devices further propels the personal navigation devices market growth.
North America holds the highest personal navigation devices market share, with a revenue of 30.5%.
The adoption of technology linking smartphones to in-vehicle systems (IVS) contributes to the global personal navigation devices market growth. High utilization of multi-sensor data acquisition systems for track mapping in the USA surges demand for personal navigation devices in this region.
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Europe is the second leading personal navigation devices market share, with a revenue of 20.1%.
The strong presence of component manufacturers in this region escalates the demand for personal navigation devices. The growing investments by the governments, along with integration of sophisticated technologies in this region, surges the adoption of personal navigation devices.
The Asia-Pacific is a rapidly growing personal navigation devices market share.
Extreme traffic in major cities of countries like China and India surges the adoption of personal navigation devices. Growth in vehicle manufacturing and increased regulatory limitations in developing countries contribute to the global personal navigation devices market growth.
With the advent of technology, and the fast-paced life, the need for a proper functioning GPS system is essential. In cars or personal smartphones, whether to reach a destination or for safety - being able to be guided to a favorable location is something that every individual deems necessary.
New personal navigation devices market players of the personal navigation devices market share are constantly improving the feedback of their navigation devices to better suit consumer demands.
Certain start-up companies are also contributing to the development of the personal navigation devices market share, namely Agri Info Design, Xono Space Systems, Camera, Point One Navigation, Deep Map, Ushr, Swift Navigation, etc. are offering services such as GPS receiver with real-time kinematics functionality, high definition mapping technology, cloud-based GPS augmentation solution, machine-readable and sensor-agnostic data, 3D maps and navigation, etc.
Some of the key participants of the personal navigation devices market are TomTom International BV., Garmin Ltd., MiTAC International Corporation, Magellan GPS, Blaupunkt worldwide, Masternaut Limited, NAVIGON, AvMap Satellite Navigation, Inc., Becker Navigations, TeleNav, Alpine Electronics, Garmin, Pioneer, Continental, Kenwood, SAMSUNG Group, Shanghai Botai Group, Guangzhou FlyAudio, Ouhua Electronics, Skypine Electronics Coagent Electronics S&T, ShenZhenRoadRover Technology, Texas Instruments Inc., Garmin Ltd., Mio Technology Corporation, etc.
Generating the utmost accurate location for people trying to reach their location is the dream for personal navigation device market players. Technological developments and meeting consumer demands are aiding in the personal navigation devices market growth.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 8.2% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2016 to 2021 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments covered | Type, Application, and Region. |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
| Key companies profiled | TomTom International BV.; Garmin Ltd.; MiTAC International Corporation; Magellan GPS; Blaupunkt worldwide; Masternaut Limited; NAVIGON; AvMap Satellite Navigation, Inc.; Becker Navigations; TeleNav; Alpine Electronics; Garmin; Pioneer; Continental; Kenwood; SAMSUNG Group; Shanghai Botai Group; Guangzhou FlyAudio; Ouhua Electronics; Skypine Electronics Coagent Electronics S&T; ShenZhenRoadRover Technology; Texas Instruments Inc.; Garmin Ltd.; Mio Technology Corporation; etc |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The personal navigation devices market is likely to garner a CAGR of 8.2% during the forecast period.
The personal navigation devices market is likely to gather a revenue of about USD 6,340 Million, by 2032.
North America is the leading market for personal navigation devices.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Personal Navigation Devices Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Personal Navigation Devices Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type 5.1. Commercial vehicle 5.2. Entry-level passenger vehicle 5.3. Mid-premium passenger vehicle 5.4. Luxury passenger vehicle 6. Global Personal Navigation Devices Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 6.1. North America 6.2. Latin America 6.3. Europe 6.4. Asia Pacific 6.5. Middle East and Africa 7. North America Personal Navigation Devices Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 8. Latin America Personal Navigation Devices Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Europe Personal Navigation Devices Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Asia Pacific Personal Navigation Devices Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Middle East and Africa Personal Navigation Devices Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Key Countries Personal Navigation Devices Market Analysis 13. Market Structure Analysis 14. Competition Analysis 14.1. TomTom International BV. 14.2. Garmin Ltd. 14.3. MiTAC International Corporation 14.4. Magellan GPS 14.5. Blaupunkt worldwide 14.6. Masternaut Limited 14.7. NAVIGON 14.8. AvMap Satellite Navigation, Inc. 14.9. Becker Navigations 14.10. TeleNav 15. Assumptions & Acronyms Used 16. Research Methodology
Industrial Automation
June 2022
REP-GB-845
250 pages
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Personal Navigation Devices Market
