PUBLISHER: The Business Research Company | PRODUCT CODE: 1693348
PUBLISHER: The Business Research Company | PRODUCT CODE: 1693348
A navigation system is an electronic or computing system that aids in determining the position of a vehicle or vessel and provides real-time directions to a specific destination. Navigation systems may utilize various technologies, such as satellite signals, digital maps, and built-in compasses, to provide accurate real-time directions.
The main types of navigation systems are satellite navigation systems, surgical navigation systems, inertial navigation systems, and others. A satellite navigation system, also known as a global navigation satellite system (GNSS), refers to a system that uses a network of satellites to provide autonomous geopositioning, allowing users to determine their location and the location of other people or objects at any given moment. The several technologies include radio frequency identification-based (RFID), cellular, network, Bluetooth, remote sensing services, real-time kinetic, and others, which are used by various end users, including healthcare, aerospace, automotive, marine, intelligent transport systems, agriculture and farming, and others.
The main types of navigation systems are satellite navigation systems, surgical navigation systems, inertial navigation systems, and others. A satellite navigation system, also known as a global navigation satellite system (GNSS), refers to a system that uses a network of satellites to provide autonomous geopositioning, allowing users to determine their location and the location of other people or objects at any given moment. The several technologies include radio frequency identification-based (RFID), cellular, network, Bluetooth, remote sensing services, real-time kinetic, and others, which are used by various end users, including healthcare, aerospace, automotive, marine, intelligent transport systems, agriculture and farming, and others.
The navigation system market size has grown strongly in recent years. It will grow from $36.55 billion in 2024 to $39.35 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to development of modern electronic navigation systems, developing in-car navigation technology for automobiles, google maps and navigation apps, smart cities integration, v2x communication, intelligent transportation system (ITS).
The navigation system market size is expected to see strong growth in the next few years. It will grow to $49.51 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to augmented reality (AR) navigation, autonomous vehicles and navigation, 5G connectivity, multi-constellation GNSS integration, environmental navigation considerations. Major trends in the forecast period include global navigation satellite system GNSS autonomous navigation, GPS navigation systems, intelligent traffic management, predictive analytics for traffic, robust indoor navigation.
The rising production of autonomous vehicles is expected to propel the growth of the navigation system market going forward. Autonomous vehicles specifically refer to vehicles capable of self-driving without human intervention by leveraging autonomous capabilities, depending on the level of automation integrated into their systems. Navigation systems in autonomous vehicles provide route planning and guidance without human intervention, while in passenger vehicles, they assist drivers in navigating to desired destinations. For instance, in December 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, there were projected to be 3.5 million autonomous vehicles or self-driving cars on American roads by 2025. Additionally, 4.5 million autonomous vehicles are expected to be on the road by 2030. Therefore, the rising production of autonomous vehicles is driving the navigation system market.
Major players in the navigation system market are concentrating on developing advanced technological solutions, such as portable navigation tools, to improve user convenience, accuracy, and real-time adaptability. Portable navigation tools are compact devices or apps that provide real-time location tracking, directions, and mapping services, often utilizing GPS technology. These tools are designed for easy portability and are commonly used in vehicles, smartphones, or handheld devices for various personal, recreational, or professional navigation needs. For example, in May 2023, Elena Geo Systems, a technology company based in India, introduced a handheld NavIC-based navigation device. This device is intended to offer customized navigation solutions for services such as cab aggregators and defense forces, leveraging India's indigenous NavIC satellite system. The launch seeks to promote the use of NavIC technology for more accurate and efficient navigation solutions, enhancing mobile apps like Google Maps.
In April 2023, GE HealthCare Technologies, Inc., a US-based multinational medical technology company, acquired IMACTIS for an undisclosed amount. GE Healthcare intends to bolster its interventional guidance capabilities and broaden its product range with this acquisition. The addition of the IMACTIS CT-Navigation system is anticipated to offer considerable growth prospects by leveraging GE Healthcare's extensive market reach. IMACTIS is a France-based company specializing in computed tomography (CT) navigation system technology.
Major companies operating in the navigation system market are Mitsubishi Electric Corporation, Robert Bosch GmbH, Raytheon Technologies, Lockheed Martin Corporation, Panasonic Corporation, Denso Corporation, Qualcomm Technologies Inc., Northrop Grumman Corporation, Honeywell International Inc., Aisin Aw Co. Ltd., Safran Electronics & Defense Inc., Collins Aerospace Inc., Aptiv, L3Harris Technologies, Harman International Industries, Garmin Ltd., Visteon Corporation, Trimble Inc., Luxoft Holding Inc., Jvc Kenwood Holdings Inc., Pioneer Corporation, Here International B.V., Clarion, FURUNO ELECTRIC CO. LTD., Tomtom NV, Nng Global Infotainment Technologies, NovAtel Inc., KVH Industries Inc., Telenav Inc., Alpine Electronics
North America was the largest region in the navigation system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the navigation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the navigation system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The navigation system market consists of revenues earned by entities by providing services such as air traffic management, communication and surveillance systems, meteorological services for air navigation, search and rescue, and connected car services. The market value includes the value of related goods sold by the service provider or included within the service offering. The navigation system market also includes sales of automatic vehicle location (AVL), tracking systems, global navigation satellite system (GNSS) receivers, in-car navigation systems, handheld GPS devices, and wearable devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Navigation System Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on navigation system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for navigation system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The navigation system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.