Understanding Key Drivers and Growth Opportunities in the Personal Navigation Devices Market: Trends and Market Size Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Primary Drivers Are Supporting the Continued Market Growth of thePersonal Navigation Devices Market?
The escalation in tourism and travel activities is projected to stimulate the personal navigation device market’s expansion. Tourism and travel pertain to the activities people or groups partake in when they journey to localities beyond their normal surroundings, either for pleasure, business, or recreational purposes. Amplified purchasing capabilities, better connectivity and digital implements, coupled with growing government contributions, have given individuals the leeway to spend more on recreational pursuits, thus invigorating the tourism sector. Personal Navigation Devices (PNDs) offer reliable and precise navigation support, aiding travelers in efficiently finding their routes to their desired locations, no matter if they’re driving, cycling, or walking. For instance, in August 2022, the World Travel and Tourism Council, a UK-based group that symbolizes the travel and tourism trade, disclosed that the travel and tourism area underwent an enormous growth in 2022, contributing around 7.6% to the global GDP, a rise of 22%, while domestic visitor expenditure showed significant expansion with an impressive growth of 20.4% in 2022. The GDP of the tourism and travel sector is further slated to reach an average annual growth rate of 5.8% from 2022 to 2032. As a result, the increase in travel and tourism activities is pushing the personal navigation device market forward.
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#What Are the Key Projections for the CAGR of the Personal Navigation Devices Market From 2025 to 2034?
The market size for personal navigation devices has seen robust growth in the last few years. There will be a rise from $3.15 billion in 2024 to $3.44 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.2%. Factors such as accessibility of GPS systems, advancement in military applications, surge in consumer electronics, integration of navigation in vehicles, and escalating urbanization have contributed to the growth in the historic period.
Expectations are high for the personal navigation devices market, with forecasts predicting substantial expansion in the coming years. The projected value is $4.61 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.6%. This growth over the forecast period is likely to be driven by a variety of factors, including integration with health and safety measures, global market expansion, emerging markets, usage of subscription-based models, and increased outdoor and adventure activities, along with environmental considerations. Notable trends during the forecasted period include the advent of geofencing and location-based services, the pursuit of personalized user experiences, dedication towards environmental sustainability, augmented reality (AR) navigation, and voice-activated navigation systems.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of thePersonal Navigation Devices Market?
Leading corporations in the personal navigation device market are introducing sophisticated technologies like global positioning system (GPS)-enabled devices to improve precision, user interaction, and connectivity. A GPS-enabled gadget is specifically crafted to pinpoint the exact location and facilitate navigation using signals from global positioning satellites. For example, in May 2023, Elena Geo System, an Indian space technology firm that focuses on NavIC-based satellite navigation systems, unveiled a handheld NavIC-based navigation tool. This navigation device can deliver exact instructions for infrastructure projects involving railways, land surveys, telecommunications, and hydrocarbon exploration.
Who Are the Key Market Players Influencing the Growth of the Corn and Personal Navigation Devices Industry?
Major companies operating in the personal navigation devices market are Apple Inc., Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Sony Corporation, ALPS ALPINE ASIA CO. LTD, Garmin Ltd., TomTom International BV., Shenzhen RoadRover Technology Co Ltd, Delphi Technology Inc., CalAmp Corp., Omnitracs LLC, Magellan GPS, Advanced Tracking Technologies Inc., Blaupunkt GmbH, Sygic A.S., CarrierWeb, Coban Technologies Inc., Linxup, Mio Technology Corporation, Becker Avionics Inc., NAVIGON AG, AvMap Satellite Navigation Inc., BridgeHaul Logistics Solutions LLC, LiveViewGPS Inc., Navman Wireless, HawkEye Inc., Kenwood Ltd.
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Which Key Market Segments Comprise the Personal Navigation Devices Market and Drive Its Revenue Growth?
The personal navigation devices market covered in this report is segmented –
1) By Device Type: In-Car Personal Navigation Devices (PNDs), Handheld GPS Devices, Smartphone Applications, Wearable GPS devices
2) By Application: Smartphones, Tablets, Automobiles
3) By End-Users: Automotive, Outdoor And Sports, Commercial, Other End Users
Subsegments:
1) By In-Car Personal Navigation Devices (PNDs): Standalone PNDs, Integrated PNDs, Portable PNDs
2) By Handheld GPS Devices: Hiking GPS Devices, Fishing GPS devices, Geocaching GPS Devices
3) By Smartphone Applications: Navigation Apps, Offline Navigation Apps, Specialty Apps
4) By Wearable GPS Devices: Fitness Trackers With GPS, Smartwatches With GPS, Activity Monitors With Navigation Features
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Which Regions Are Emerging as Leaders in the Personal Navigation Devices Market?
North America was the largest region in the personal navigation devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the personal navigation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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