Market Size of Europe Automotive Navigation System Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 5.89 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Automotive Navigation System Market Analysis
The Europe Automotive Navigation Systems Market is anticipated to register a CAGR of about 5.89% during the forecast period.
The COVID-19 crisis caused market uncertainty for automobile GPS navigation systems. The pandemic caused a significant slowdown in the supply chain, a drop in corporate confidence, and increased consumer concern. Governments in several areas imposed total lockdowns and temporary industry closures, which harmed the production and sale of car GPS navigation systems. However, post-pandemic players are collaborating and indulging in various strategic partnerships to overcome the losses during the pandemic. For instance,
- August 2022: Unity Technologies announced a collaboration with Mercedes-Benz AG to power the infotainment domain of its new operating system, rolled out across the company's vehicle lineup. Unity's leadership in real-time 3D development will aid in developing 3D maps for more prosperous navigation.
The demand for precise automotive navigation technology is increasing all the time. It aids in the tracking and forecasting of supply chains, resulting in a real-time-definite delivery system. The application is used by applications such as e-commerce and food delivery apps. Furthermore, car-sharing services such as Ola, Uber, and Grab rely heavily on navigation-based technology. As a result, the Europe Automotive Navigation Systems Market is expected to expand over the next few years. For instance,
- September 2022: Hyundai Motor Group (HMG) choosed TomTom maps and real-time traffic data to support its entire vehicle lineup in Europe. Millions of HMG vehicles will be equipped with this technology as standard in the coming years. As with Genesis customers, all Hyundai and Kia customers in Europe now have access to TomTom's high-quality maps to support their vehicles' in-dash navigation and level-two automated driving features.
Policymakers in the EU are mandating the integration of automobile navigation systems to create databases that will assist transportation organizations in maintaining costs, reducing maintenance, and improving road safety. All of these developments will fuel the expansion of Automotive Navigation Systems in the European market. For instance,
- May 2022: GPS navigation will be standard in new cars due to new EU regulations. The EU includes the world's strictest vehicle safety standards. Intelligent Speed Assistance (ISA) will be required for all new EU cars introduced to the market and will be mandatory for all new vehicles sold in the EU beginning in July 2024.
However, hindrances such as the high cost of navigation, telecommunication, cybersecurity, and infrastructure connectivity can slow growth. High fuel prices, low demand for self-driven cars over the past years, and the emergence of electric vehicles are other factors hindering the development. Nevertheless, GPS is essential in the future of Intelligent Transportation Systems (ITS) and shows positive growth.
Europe Automotive Navigation System Industry Segmentation
An automotive navigation system is built into the car's controls or a third-party add-on that helps drivers find their way around. It typically obtains its position data from a satellite navigation device correlated to a road position.
The Europe Automotive Navigation System market is segmented by vehicle type (passenger car and commercial vehicle), technology type (aftermarket IVS, factory fitted IVS, Personal Navigation Devices (PND's) and smartphones/tablets), sales channel type (OEM, aftermarket), and by country (Germany, United Kingdom, France, Italy, and rest of Europe). The report offers market size and forecasts for Automotive High-performance Electric Vehicles Market in value (USD billion) for all the above segments.
Vehicle Type | |
Passenger Car | |
Commercial Vehicle |
Technology Type | |
Aftermarket IVS | |
Factory fitted IVS | |
Personal navigation device (PND's) | |
Smartphones/Tablets |
Sales Channel Type | |
OEM | |
Aftermarket |
Geography | |||||||
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Europe Automotive Navigation System Market Size Summary
The Europe Automotive Navigation Systems Market is poised for significant growth, driven by the increasing demand for precise navigation technology across various sectors. The market experienced disruptions due to the COVID-19 pandemic, which led to supply chain slowdowns and decreased consumer confidence. However, the post-pandemic recovery has seen strategic collaborations and partnerships among key players to regain momentum. Companies like Unity Technologies and Hyundai Motor Group have been at the forefront, integrating advanced mapping and real-time traffic data into their vehicle lineups. The European Union's regulatory push for intelligent transport systems and mandatory GPS integration in new vehicles further propels market expansion, emphasizing safety and efficiency in transportation.
Despite challenges such as high costs and the emergence of electric vehicles, the market is expected to thrive, particularly with the growing reliance on navigation systems by ride-hailing services and logistics companies. The integration of navigation technology into smartphones and vehicles, along with advancements in real-time data integration and map updates, is enhancing the user experience and operational efficiency. Key industry players, including Alpine Electronics, Continental AG, and Denso Corporation, are actively investing in partnerships and technological advancements to maintain a competitive edge. The market's future is bolstered by ongoing innovations and regulatory support, positioning it as a critical component of the European automotive landscape.
Europe Automotive Navigation System Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Vehicle Type
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2.1.1 Passenger Car
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2.1.2 Commercial Vehicle
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2.2 Technology Type
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2.2.1 Aftermarket IVS
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2.2.2 Factory fitted IVS
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2.2.3 Personal navigation device (PND's)
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2.2.4 Smartphones/Tablets
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2.3 Sales Channel Type
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2.3.1 OEM
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2.3.2 Aftermarket
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2.4 Geography
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2.4.1 Europe
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2.4.1.1 Germany
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2.4.1.2 United Kingdom
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2.4.1.3 France
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2.4.1.4 Italy
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2.4.1.5 Rest of Europe
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Europe Automotive Navigation System Market Size FAQs
What is the current Europe Automotive Navigation System Market size?
The Europe Automotive Navigation System Market is projected to register a CAGR of 5.89% during the forecast period (2024-2029)
Who are the key players in Europe Automotive Navigation System Market?
Alpine Electronics , Aisin Aw Co.Ltd , Continental AG , Clarion and Mitsubishi Electric Corporation are the major companies operating in the Europe Automotive Navigation System Market.