Market for in-dash navigation systems zooming ahead, report says

August 22, 2017 // By Christoph Hammerschmidt
Driven by a combination of multiple factors, the market for in-dash navigation systems is by far outgrowing the vehicle market, finds a study from MarketsandMarkets. Key demand drivers are the demand for real-time traffic information and for vehicle performance data as well as the desire to improve operational efficiency in general.

The study “In-Das Navigation System Market” breaks down the overall market by technology (2D and 3D maps), by components such as display units, control modules, antennas and more, by connected navigation systems, by vehicle type and by region. Under the bottom line, the study expects a CAGR of 12.74 % for the time frame from 2016 through 2022. For comparison: The global passenger vehicle production will grow at a pace of 3.77 % during the same period. The demand for in-dash navigation systems (as opposed to after-market systems) thus will significantly outgrow the production of passenger cars. This also allows the conclusion that the take rate for the still relatively expensive in-dash navigation systems will rise quickly. By the end or the report period, the market watchers expect the market volume for such systems to amount to $17.5 billion globally.

The in-dash navigation system enabled with 2D-map technology accounted for the largest market share in 2016 and is projected to remain predominant during the forecast period. However, in terms of growth, the in-dash navigation system based on 3D maps is projected to exhibit a higher CAGR during the forecast period. The 3D maps market for Europe is estimated to grow at the fastest rate, followed by the markets in North America, Asia-Pacific, and RoW, respectively.