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Automotive Navigation System Market Trends

  • Report ID: GMI9520
  • Published Date: May 2024
  • Report Format: PDF

Automotive Navigation System Market Trends

Automotive navigation systems are witnessing significant technological advancements in navigation technology. Automotive navigation systems offer real-time traffic data with higher precision and detail. This includes accident zones, construction updates, and even lane-by-lane congestion data, providing drivers with a hassle-free experience, thereby decreasing travel time and stress. New map technologies offer comprehensive and visually appealing navigation experiences.
 

HD maps provide increased precision for lane guiding and junction views, while 3D city modeling offers a more accurate picture of the surroundings, increasing user orientation. AI integration customizes the navigating experience as it learns driver preferences over time and recommends routes based on traffic patterns, frequent locations, and even driving style. AR overlays real-time navigation directions on the actual world through the windshield or head-up display.
 

For instance, in January 2024, Toyota Motor Corporation partnered with Mapbox to enhance its in-car navigation systems by integrating Mapbox software. This collaboration allows Toyota to utilize the Mapbox platform for custom development and fast rendering of digital maps within its vehicles. The high-performance maps offer drivers relevant information through a modern and easy-to-understand visual interface that can be updated remotely and quickly. This partnership aims to provide drivers with an intuitive map experience similar to a smartphone, with features such as smooth rotation, zooming, and dynamic adjustments, based on the vehicle's location, route navigation, and user interactions.
 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The automotive navigation system market was valued at USD 31.8 billion in 2023 and will register over 8% CAGR between 2024 and 2032, driven by the increasing demand for in-vehicle features.

The in-dash navigation systems device segment in the market accounted for over 39% share in 2023 and will exceed USD 25 billion by 2032, as they provide a bigger, dedicated display that is easier to view than a smartphone screen.

North America automotive navigation system market held 30% share in 2023 and will expand rapidly through 2032, owing to the higher automobile ownership rate.

Alpine Electronics Inc, TomTom International BV, Garmin Ltd, Kenwood Corporation, Sony Corporation, Panasonic Corporation, Aisin Seiki Co. Ltd, Fujitsu Ten Limited, HERE Technologies, and Mitsubishi Electric Corporation among others.

Automotive Navigation System Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 300
  • Countries covered: 25
  • Pages: 250
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