Personal Navigation Devices Market Trends | Segmentation, Outlook, Industry Report to 2032

The global personal navigation devices market leads to an approximate CAGR of 8.2% in the global market during the forecast period, and projects a revenue valued at US$ 2,875 Million in 2022, and is expected to cross US$ 6,340 Million by 2032.

The increasing deployment of e-hailing services across the globe is likely to escalate the demand for personal navigation devices. The implementation of Internet of Things (IoT) in GPS devices to transfer data remotely and communicate with other systems and sensors surges the adoption of personal navigation devices.

This software provides turn-by-turn directions to the user to reach a destination. Most personal navigation devices being developed today, include a voice output that can provide clear-cut details without distracting the user.

Request a Sample Report to Learn about Recent Personal Navigation Devices Market:
https://www.futuremarketinsights.com/reports/sample/rep-gb-6189

The devices that only supported navigation, initially, now support other features such as multimedia player, mobile hands-free systems, external application support, games, and travel utilities (measurement converter, currency converter, world time, calculator et cetera). Any user can use these personal navigation devices without any special training, qualifications or skills.

Personal Navigation Devices Market Drivers and Challenges:

One of the trends in the automobile industry that drives the personal navigation devices market is the integration of navigation-supported security and safety features in automobiles. With the steady rise in the number of personal on-road vehicles, thefts and accidents have also increased.

Manufacturers are incorporating safety and security applications in navigation systems. Advanced Driver Assistance System (ADAS) is an example of a personal navigation system where the device has built-in features with additional intelligent sensors and units to keep track of road conditions and traffic, safety-related details regarding roads like lane changing assistance, and speed breaker notifications.

However, escalating user expectations and increase in feature related complexity hinders the growth of the personal navigation devices market. Repeated updating is necessary for personal navigation devices without proper intelligent units to get proper directions to the destination.

Sometime, this could be a tedious task which makes it a challenge for the personal navigation devices market. Also, increase in competition from mobile phones and other handset-based navigation services will eventually restrict the growth of the global personal navigation devices market.

Major Key Players:

Some of the prominent vendors in the Personal Navigation Devices Market are TomTom International BV., Garmin Ltd., MiTAC International Corporation, Magellan GPS, Blaupunkt worldwide, Masternaut Limited, NAVIGON, AvMap Satellite Navigation, Inc., Becker Navigations and TeleNav

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