Press Release

Automotive Navigation Systems Market to Cross $ 6 Billion by 2024

Rising need for monitoring real-time traffic and growing demand from sectors such as e-commerce, taxi and logistics requiring locating various addresses to drive global automotive navigation systems market through 2024

According to TechSci Research report, Global Automotive Navigation Systems Market By Vehicle Type, By Device Type, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024, global automotive navigation systems market is forecast to cross $ 6 billion by 2024, on account of increasing need for accurate navigation, position finding and more comfortable driving. Navigation systems use satellite navigation devices to pinpoint the location of any user and provide crucial information such as traffic congestion, active construction work and location of nearby hotels, petrol pumps and hospitals. Additionally, increasing tourism and surging proliferation of ride hailing applications are anticipated to positively influence global automotive navigation systems market during the forecast period.

Global automotive navigation systems market can be segmented based on vehicle type, device type and distribution channel. In terms of vehicle type, passenger cars dominated the market in 2018, as navigation systems were first implemented in cars. However, automobile manufacturers have started equipping commercial vehicles with navigation systems and the trend is likely to continue during the forecast period. In terms of distribution channel, demand for aftermarket segment is increasing as old cars and commercial vehicles are not equipped with the system, and users are opting for them. On the basis of device type, market can be segmented into in-dash system and portable system. Portable systems are anticipated to account in the next five years as these devices can be moved from one vehicle to other and the cost of portable systems is lower when compared with in-dash counterpart.

Browse 95 market data Figures spread through 110 Pages and an in-depth TOC on "Global Automotive Navigation Systems Market"

Tomtom, Garmin, Pioneer and Alpine are some of the leading players operating in global automotive navigation systems market. Companies operating in the market are using organic strategies such as product launches, mergers and collaborations in order to register positive growth in the market. For instance, in 2018, Garmin International in collaboration with Amazon developed Garmin speak with Amazon alexa, which is a voice assistant.

Download Sample Report @  

Customers can also request for 10% free customization on this report.

“Asia-Pacific and Europe the major regions in the global automotive navigation systems market. Early adoption of advanced technologies such as 3D map systems, advent of self-driving cars and increasing spending by automotive OEMs on R&D are contributing to the share of Europe. Moreover, increasing vehicle production in economies such as China and India and surging demand for real-time traffic and weather information are likely to drive the automotive navigation systems market in Asia-Pacific through 2024.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Automotive Navigation Systems Market By Vehicle Type, By Device Type, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of automotive navigation systems market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global automotive navigation systems market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656


Email: [email protected]