USD 3.50 billion
Global Automotive GPS Modules Market Size, Share, Growth Analysis, By Type(embedded GPS modules, external GPS modules), By Application(navigation, tracking) - Industry Forecast 2024-2031
Report ID:
SQMIG45H2045 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
63 |
Figures:
75
Global Automotive GPS Modules Market Insights
Global Automotive GPS Modules Market size was valued at USD 3.50 billion in 2022 and is poised to grow from USD 3.78 billion in 2023 to USD 6.94 billion by 2030, at a CAGR of 7.9% during the forecast period (2024-2031).
The global automotive GPS modules market refers to the market for GPS modules used in automotive applications. GPS modules are devices that receive signals from global positioning system (GPS) satellites and provide information on location, time, and velocity. These devices are widely used in automobiles for navigation, tracking, and other purposes. The purpose of the global automotive GPS modules market is to provide GPS modules for use in automobiles. These modules help drivers navigate to their destinations, track the location of their vehicles, and provide other location-based services. The increasing demand for GPS-enabled vehicles is a major driving factor for the global automotive GPS modules market. The growth of the automotive industry and the increasing adoption of connected cars are also contributing to the growth of this market. In addition, the increasing use of GPS modules in fleet management and logistics applications is driving the demand for these devices. The high cost of GPS modules is a major restraining factor for the global automotive GPS modules market. In addition, the complexity of integrating GPS modules into vehicles and the need for accurate and reliable data are also limiting the growth of this market. The biggest challenge in the global automotive GPS modules market is the need for accurate and reliable data. GPS modules rely on satellite signals, which can be affected by environmental factors such as weather conditions and geographic obstacles. In addition, the increasing use of GPS jamming and spoofing techniques is posing a threat to the accuracy and reliability of GPS data. The growing demand for GPS-enabled vehicles and the increasing adoption of connected cars are creating opportunities for the global automotive GPS modules market. In addition, the development of new technologies such as autonomous vehicles and advanced driver assistance systems (ADAS) is driving the demand for more accurate and reliable GPS data. The integration of GPS modules with other sensors and systems is also creating new opportunities for this market.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
embedded GPS modules
Fastest Growth
external GPS modules
Growth Rate
7.9% CAGR
Global Automotive GPS Modules Market ($ Bn)
Country Share for North America Region- 2022 (%)
Global Automotive GPS Modules Market By Type ($ Bn)
Global Automotive GPS Modules Market By Type (%)
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Global Automotive GPS Modules Market Segmental Analysis
The global automotive gps modules market is segmented on the type, application and region. By type, the market is segmented into embedded GPS modules, external GPS modules, and hybrid GPS modules. By application, the market is segmented into navigation, tracking, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Automotive GPS Modules Market Analysis by Type
Embedded GPS modules are integrated into the vehicle's electronics system and offer a seamless user experience. They are the most popular type of GPS module in automobiles and are expected to dominate the market during the forecast period. External GPS modules are stand-alone devices that can be attached to the vehicle, and they are typically used in aftermarket applications. Hybrid GPS modules offer both embedded and external capabilities, providing flexibility and redundancy. The embedded GPS modules segment held the largest market share. it is expected to maintain its dominance during the forecast period. This is attributed to the increasing demand for connected cars and the integration of GPS modules with other systems such as infotainment and driver assistance systems. The external GPS modules segment is expected to grow at a significant rate due to the increasing adoption of aftermarket GPS devices for navigation and tracking purposes.
Global Automotive GPS Modules Market Analysis by Application
Navigation applications are the most common use case for GPS modules in automobiles, and they are used for providing real-time location-based information to the driver. Tracking applications are used for fleet management, logistics, and stolen vehicle recovery, and they help in monitoring the location and movement of vehicles in real-time. Other applications include emergency services, infotainment, and driver assistance systems. Navigation is the largest application segment in the automotive GPS modules market, and it is expected to maintain its dominance during the forecast period. This is attributed to the increasing demand for real-time location-based information and the integration of GPS modules with other systems such as infotainment and driver assistance systems. The tracking segment is expected to grow at a significant rate due to the increasing demand for fleet management and logistics applications.
Global Automotive GPS Modules Market By Type , 2023 (%)
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Global Automotive GPS Modules Market Regional Insights
North America dominated the global automotive GPS modules market . accounting for the largest share of the market. This is attributed to the high adoption rate of connected cars and the presence of major automotive OEMs in the region. The increasing demand for GPS-enabled vehicles and the growing use of GPS modules in various applications such as navigation and tracking are expected to drive the market growth in this region.
Europe is also a significant market for automotive GPS modules due to the presence of major automotive OEMs and the high demand for advanced navigation and driver assistance systems. Latin America and Middle East & Africa are expected to witness moderate growth during the forecast period due to the increasing adoption of GPS-enabled vehicles and the growing use of GPS modules in various applications.
Global Automotive GPS Modules Market By Region, 2024-2031
- Largest
- Fastest
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Global Automotive GPS Modules Market Dynamics
Global Automotive GPS Modules Market Drivers
Increasing Demand for Real-Time Location-Based Information
- The demand for real-time location-based information is increasing in the automotive industry, as it helps in improving the efficiency of transportation and logistics operations. GPS modules provide accurate and real-time location-based information, which is driving the adoption of GPS modules in the automotive industry.
Growing Adoption of Connected Cars
- The increasing adoption of connected cars is driving the demand for GPS modules in the automotive industry. Connected cars use various technologies, including GPS modules, to provide real-time information to drivers and passengers, and to enable remote monitoring and control of vehicle functions.
Global Automotive GPS Modules Market Restraints
High Costs
- The high cost of GPS modules is a major constraint for the growth of the market, as it limits the adoption of GPS modules in low-end and mid-range vehicles. The high costs are mainly due to the complex technology involved in GPS modules and the limited availability of components.
Concerns about Data Privacy and Security
- The increasing use of GPS modules in vehicles has raised concerns about data privacy and security. The collection and sharing of location data by GPS modules can raise privacy concerns, and the risk of data breaches is a major concern for vehicle owners and operators.
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Global Automotive GPS Modules Market Competitive Landscape
The global automotive GPS modules market is highly competitive and fragmented, with the presence of several major players. To improve their market position and broaden their product offering, players are concentrating on a number of initiatives, including mergers and acquisitions, partnerships, collaborations, and the development of new products. In order to address the evolving needs of the automobile sector, they are also investing in research and development operations to create improved GPS modules and technologies. The competitive landscape of the global automotive GPS modules market is expected to remain highly competitive and dynamic in the coming years, with players focusing on innovation, partnerships, and collaborations to gain a competitive edge.
Top Player’s Company Profiles in Global Automotive GPS Modules Market
- Bosch (Germany)
- Continental (Germany)
- Denso Corporation (Japan)
- Delphi Technologies (UK)
- Garmin (US)
- Harman International (US)
- Laird Connectivity (US)
- Mitsubishi Electric (Japan)
- NXP Semiconductors (Netherlands)
- Trimble (US)
- NovAtel (Canada)
- STMicroelectronics (Switzerland)
- Teldat (Spain)
- u-blox (Switzerland)
- TomTom International (Netherlands)
- Quectel Wireless Solutions (China)
- Fastrax Ltd. (Finland)
- MediaTek Inc. (Taiwan)
- Sierra Wireless (Canada)
- Swift Navigation (US)
Global Automotive GPS Modules Market Recent Developments
- In January 2024, Voyager Space and Airbus Defence and Space concluded a partnership agreement to collaborate on the development of the Starlab commercial space station. The objective is to attract customers from both sides of the Atlantic. On January 9, the companies announced the finalization of Starlab Space LLC, the joint venture responsible for overseeing the design, construction, and operation of the station.
- In January 2024, BorgWarner is unveiling its newest electrification products at the Symposium on International Automotive Technology (SIAT) 2024. The event takes place at the Pune International Exhibition and Convention Center from January 23 to January 25, 2024.
- In September 2023, Taiwan's robust hardware manufacturing sector has attracted satellite and launch vehicle manufacturing startups to the island. These startups are seeking supply chain partners and expanding their presence to tap into potential customers in the region. Notably, HEX20 Pty Ltd., ONE3D s.r.o., deltaVision GmbH, Spacemanic, and Transcend Satellite Technology LLP are among the sixteen SpaceTech startups that joined the Taiwan Accelerator Plus (TAcc+) International SpaceTech Startup Supporting Program in August 2023. The program is advised by the Small and Medium Enterprise Administration (SMEA) and organized by the Industrial Technology Research Institute (ITRI) and TAcc+.
Global Automotive GPS Modules Key Market Trends
- Automotive GPS Modules Integration of GPS Modules with Other Technologies: The integration of GPS modules with other technologies such as infotainment and driver assistance systems is a key trend in the market. The integration of GPS modules with these systems provides a more comprehensive and personalized user experience, and enables the development of new services and applications. Additionally, this integration is transforming the automotive industry by enabling advanced features like real-time traffic updates, enhanced navigation, and autonomous driving capabilities. This trend not only improves the accuracy and reliability of navigation systems but also lays the foundation for the development of smarter and safer autonomous vehicles in the future, ultimately enhancing the driving experience and road safety for consumers.
- Growing Use of GPS Modules in Fleet Management: The growing use of GPS modules in fleet management and logistics is another key trend in the market. GPS modules are used for tracking the location and movement of vehicles in real-time, optimizing routes and schedules, and improving the efficiency of operations. These modules provide real-time location data, route optimization, and vehicle diagnostics, allowing for better resource allocation, reduced fuel consumption, improved driver behavior, and enhanced overall fleet performance. This trend is driven by the need for cost-effective solutions to streamline operations, improve customer service, and also meet regulatory requirements, making GPS modules a vital technology in modern fleet management systems.
Global Automotive GPS Modules Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global automotive GPS modules market analysis, the market is expected to grow at a significant rate in the coming years, driven by the increasing demand for advanced driver assistance systems (ADAS) and connected car technologies. GPS modules play a crucial role in these systems by providing accurate positioning and timing information to vehicles, enabling them to navigate and communicate with other vehicles and infrastructure. The market is also being driven by the growing adoption of electric vehicles (EVs), which require advanced GPS modules to support features such as range estimation, charging station navigation, and battery management. The tracking segment is also expected to grow at a significant rate, driven by the increasing need for vehicle tracking and fleet management solutions. The global automotive GPS modules market is expected to witness significant growth in the coming years, driven by the increasing adoption of advanced driver assistance systems and connected car technologies, as well as the growing demand for electric vehicles and the increasing focus on road safety and regulatory compliance.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.50 billion |
| Market size value in 2031 | USD 6.94 billion |
| Growth Rate | 7.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Automotive GPS Modules Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Automotive GPS Modules Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Automotive GPS Modules Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive GPS Modules Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Automotive GPS Modules Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Automotive GPS Modules Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Automotive GPS Modules Market Report Snapshots
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