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Based on navigation type, the in-dash navigation segment recorded around 47% of the market share in 2023. The introduction of product lineups aimed at promoting safer driving is driving growth in the in-dash navigation segment. By offering features such as GPS trackers, dash cameras & smart helmet kits, companies enhance driver safety and awareness.
For instance, in February 2023, MapmyIndia introduced a range of Mappls tools designed for vehicles in India. This product lineup encompasses GPS trackers, dashboard cameras, in-dash navitainment systems, and smart helmet kits for both cars & bikes. These tools offer features such as offline navigation with live traffic updates, 3D mapping, and RealView capabilities, enhancing navigation experiences for users on the road. As a result, the demand for in-dash navigation systems equipped with advanced safety features will continue to rise, propelling market expansion.
Based on vehicle type, the passenger vehicles segment accounted for 27% of the automotive 3D map system market share in 2023. The rise of autonomous vehicles is a significant trend propelling the passenger vehicles segment. As the automotive industry increasingly shifts toward autonomous driving technology, the demand for advanced 3D mapping systems grows exponentially. These systems play a crucial role in enabling autonomous vehicles to navigate safely & accurately by providing detailed maps for route planning, obstacle detection, and real-time adjustments. As a result, the development and integration of precise 3D mapping solutions become pivotal in realizing the full potential of autonomous passenger vehicles.
Asia Pacific automotive 3D map system market held over 30% of the revenue share in 2023. The integration of autonomous car software updates featuring 3D map visualization is driving growth in the market. This advancement enhances navigation accuracy and provides real-time insights crucial for autonomous driving in complex urban environments.
For instance, in January 2024, Tesla launched new functionalities in China through the 2023.44.32 software update. Its enhancements include expanded voice control capabilities covering windows and lights along with an automatic reduction in media volume during reverse maneuvers. Moreover, the standout modification in this update is the introduction of an exclusive 3D map visualization tailored specifically for China. Automotive manufacturers and technology companies are increasingly investing in such systems to meet the evolving demands of the regional automotive industry, thereby propelling market expansion & innovation.