Market Size of North America Automotive Navigation System Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 7.74 Billion |
| Market Size (2029) | USD 10.61 Billion |
| CAGR (2024 - 2029) | 6.50 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
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 System Market size is estimated at USD 7.74 billion in 2024, and is expected to reach USD 10.61 billion by 2029, growing at a CAGR of 6.5% during the forecast period (2024-2029).
Over the long term, with the growing demand for accuracy, automotive navigation technology helps in tracking and forecasting supply chains by including applications that provide a real-time-definite delivery system. Moreover, Car sharing services heavily rely on navigation-based technology as a result Ola, Uber, and Grab are expected to push the market growth.
Real-time traffic data, map updates, and smartphone integration have been a few primary features of an automotive navigation system that are likely to attract significant customer demand over the coming years. Further, technological advancements in the navigation system are expected to drive the demand for the navigation systems market during the forecast period.
The automotive industry’s recent shift in attention to technical developments such as electrification and autonomous driving has raised the demand for navigation systems. Several key players are focusing on expanding their navigation system functionalities with growing technologies, like AI (artificial intelligence) and AR (augmented reality), to capture the increasing demand for advanced navigation systems in vehicles.
