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Passenger Cars GPS Navigation System Market Share

Report ID: GMI11543
Published Date: Sep 2024
Report Format: PDF

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Passenger Cars GPS Navigation System Market Share

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Robert Bosch, Denso Corporation, and TomTom International collectively held a substantial market share of over 22% in the passenger cars GPS navigation system market in 2023. These industry leaders are pivotal in driving growth through their innovative GPS solutions. Bosch is renowned for its advanced navigation technologies that enhance vehicle safety and functionality. Denso is noted for its high-performance navigation systems that integrate seamlessly with modern vehicle systems.

TomTom International contributes cutting-edge navigation solutions that offer real-time updates and enhanced user experience. These companies play crucial roles in advancing automotive safety and performance through their contributions to the GPS navigation market.

Passenger Cars GPS Navigation System Market Companies

Major players operating in the passenger cars GPS navigation system industry are:

Denso Corporation
Garmin Ltd
Harman International
Kenwood Corporation
Pioneer
Robert Bosch
Tom Tom International

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of passenger cars GPS navigation system reached USD 23.1 billion in 2023 and is set to grow at a CAGR of over 8.4% between 2024 and 2032, fueled by rising consumer demand for enhanced navigation technologies and connected car systems.

In 2023, the in-dash navigation system segment accounted for over 59% of the market share and is expected to exceed USD 13 billion by 2032, driven by its integration with other vehicle controls and functionalities like real-time traffic updates and voice commands.

The OEM (Original Equipment Manufacturer) segment dominated the market in 2023, holding around 87% of the market share due to its seamless integration with new vehicle electronics and enhanced brand identity.

North America accounted for over 30% of the market share in 2023, owing to its advanced automotive industry, high demand for cutting-edge technology, and robust infrastructure for connected car systems.