In-Dash Navigation System Market by Technology, Component, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global in-dash navigation system market was valued at $10,497 million in 2016, and is projected to reach $21,994 million by 2023, growing at a CAGR of 11.1% from 2017 to 2023.
Portland, OR -- (SBWIRE) -- 05/29/2018 -- The global in-dash navigation system market is segmented based on technology, component, application, and region. Based on technology, the market is bifurcated into 2D maps and 3D maps. The components covered in this report include display unit, control module, antenna module, and wiring harness. Further, based on application, the market is categorized into passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). Based on region, it is analyzed across North America, Europe, AsiaPacific, and LAMEA.
Exact Market Growth In Global
In-Dash Navigation System Market by Technology, Component, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global in-dash navigation system market was valued at $10,497 million in 2016, and is projected to reach $21,994 million by 2023, growing at a CAGR of 11.1% from 2017 to 2023. In 2016, Asia-Pacific led the in-dash navigation system market with 40.90% share, followed by Europe, which contributed 32.96% share.
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An in-dash navigation system operates based on a GPS to provide the user with current location and shortest possible routes to the required destination. Factors such as rising disposable income of individuals and reduced fuel consumption of the vehicles supplement the global in-dash navigation system market. However, high cost of this system and lack of supporting infrastructure in developing countries restrict the market growth.
Key Findings of the In-dash Navigation System Market:
- The passenger cars segment generated the highest revenue in the global in-dash navigation system market in 2016.
- In 2016, the display unit segment was the highest revenue contributor in the component segment.
- LAMEA is projected to exhibit the highest CAGR during the forecast period.
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Key Player
The key players profiled in the report include Continental AG, Garmin Ltd., Robert Bosch GmbH, Delphi Automotive PLC, Denso Corporation, Tomtom NV, Harman International, Alpine Electronics, Inc., Pioneer Corporation, and Mitsubishi Electric Corporation.