Automotive Navigation System Market Share In North America will Witness a YOY Growth Rate of 1.78% in 2022

The automotive navigation system market share in North America is expected to increase by 1.57 million units, accelerating at a CAGR of 1.99% during the forecast period. The preference for onboard navigation systems over external devices is notably driving the market value. In addition, the increased usage by logistics companies is the major automotive navigation system market trend in North America.

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Automotive Navigation System Market In North America: the US to lead market growth during the forecast period

• The automotive navigation system market in North America is segmented by product (IVS and PND), type (passenger cars and commercial vehicles), and geography (US, Canada, and Mexico). 
• The automotive navigation system market growth in North America by the IVS segment will be significant during the forecast period. 
• The penetration of automobiles in the US is very high due to the high purchasing power of people.
• 76% of the market's growth will originate from the US during the forecast period. The US is the key market for automotive navigation systems in North America.
• However, the decline in motor vehicle production will be a major challenge for the automotive navigation system market.
• The report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market.  
• A detailed analysis of each segment and its contribution to the market share is provided along with factors that are likely to boost the market growth.

Automotive Navigation System Market In North America: Key Competitors

Aisin Corp., Continental AG, DENSO Corp., Faurecia SE, JVCKENWOOD Corp., Mitsubishi Electric Corp., Pioneer Corp., Renault sas, Robert Bosch GmbH, and TomTom International BV are some of the major automotive navigation system market vendors in North America.

The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.  

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 1.99%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by 1.57 million units.
    
3. What is a key factor driving this market?
   The preference for onboard navigation systems over external devices will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   The US, Canada, and Mexico are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market?
   76% growth will originate from the US.
    
6. Who are the leading market vendors?
   The leading vendors in this market are Aisin Corp., Continental AG, DENSO Corp., Faurecia SE, JVCKENWOOD Corp., Mitsubishi Electric Corp., Pioneer Corp., Renault sas, Robert Bosch GmbH, and TomTom International BV
    
7. What are the market segments covered in this report?
   The market is segmented by product (IVS and PND), type (passenger cars and commercial vehicles), and geography (US, Canada, and Mexico).