Market Size of North America Automotive Navigation System Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2018 - 2020 |
| CAGR | 6.28 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Automotive Navigation System Market Analysis
The North America Automotive Navigation Systems Market is anticipated to register a CAGR of about 6.28% during the forecast period (2020 – 2025).
- With the growing demand for accuracy, automotive navigation technology helps in tracking and forecasting the supply chains by including application which provide real time-definite delivery system. Moreover, Car sharing services heavily rely on navigation-based technology as result Ola, Uber and Grab are expected to push the market growth.
- In 2018, United States recorded 127.24 million U.S. dollars in revenue. The United States policy makers are mandating the integration of navigation systems in automobiles to develop databases to helps transportation organizations maintain costs, reduce maintenance and improve road safety. All these changes will drive the growth for Automotive Navigation Systems in the North American Market
- Although, hindrance such as high cost of navigation, telecommunication, cyber security and infrastructure connectivity can slow the growth rate. Also, with increased fuel prices, low demand for self-driven cars over past years and emergence of electrical vehicles, the industry may experience a slower growth rate. Nevertheless, GPS is an essential element in the future of Intelligent Transportation Systems (ITS).
