According to Cognitive Market Research, the global Car GPS Navigation System Market size will be USD 18241.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 13.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 7296.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5472.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4195.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 912.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 364.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031.
The Passenger Cars held the highest Car GPS Navigation System Market revenue share in 2024.
