GPS Navigator Market

The global GPS navigator market is predicted to experience a modest rise in both volume and value over the period from 2022 to 2030. The UK stands out as the largest consumer and producer, with France leading in market value. China emerges as a key player in imports, while the United States dominates in exports. Prices vary significantly by country, with Germany commanding the highest export price and South Africa the lowest. Overall, the market shows stable trends in consumption, production, imports, and exports, with some notable fluctuations over the years.

Market Forecast

Driven by rising demand for GPS navigator worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.7% for the period from 2022 to 2030, which is projected to bring the market volume to 4.7M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +0.8% for the period from 2022 to 2030, which is projected to bring the market value to $48.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Aeronautical Or Space Navigation Instruments And Appliances

In 2022, consumption of aeronautical or space navigation instruments and appliances increased by less than 0.1% to 4.5M units, rising for the fifth year in a row after five years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked at 4.6M units in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

The global GPS navigator market revenue rose significantly to $45.4B in 2022, picking up by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked at $47.8B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The UK (1.3M units) remains the largest GPS navigator consuming country worldwide, comprising approx. 30% of total volume. Moreover, GPS navigator consumption in the UK exceeded the figures recorded by the second-largest consumer, China (555K units), twofold. France (429K units) ranked third in terms of total consumption with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume in the UK stood at +12.0%. In the other countries, the average annual rates were as follows: China (+1.7% per year) and France (+14.2% per year).

In value terms, France ($11.6B) led the market, alone. The second position in the ranking was held by India ($4.7B). It was followed by the UK.

In France, the GPS navigator market expanded at an average annual rate of +13.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (-2.1% per year) and the UK (+11.1% per year).

In 2022, the highest levels of GPS navigator per capita consumption was registered in the UK (20 units per 1000 persons), followed by Portugal (9.5 units per 1000 persons), France (6.3 units per 1000 persons) and the United States (0.9 units per 1000 persons), while the world average per capita consumption of GPS navigator was estimated at 0.6 units per 1000 persons.

In the UK, GPS navigator per capita consumption expanded at an average annual rate of +11.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Portugal (-8.5% per year) and France (+13.9% per year).

Production

World Production of Aeronautical Or Space Navigation Instruments And Appliances

In 2022, production of aeronautical or space navigation instruments and appliances decreased by -2.8% to 4.2M units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 44% against the previous year. Over the period under review, global production attained the maximum volume at 4.3M units in 2012; however, from 2013 to 2022, production failed to regain momentum.

In value terms, GPS navigator production fell to $32.1B in 2022 estimated in export price. In general, production continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, global production hit record highs at $42.5B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Production By Country

The country with the largest volume of GPS navigator production was the UK (1.3M units), accounting for 32% of total volume. Moreover, GPS navigator production in the UK exceeded the figures recorded by the second-largest producer, France (418K units), threefold. China (349K units) ranked third in terms of total production with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in the UK stood at +12.2%. The remaining producing countries recorded the following average annual rates of production growth: France (+12.3% per year) and China (-3.1% per year).

Imports

World Imports of Aeronautical Or Space Navigation Instruments And Appliances

In 2022, approx. 538K units of aeronautical or space navigation instruments and appliances were imported worldwide; picking up by 44% on the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, global imports hit record highs at 566K units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, GPS navigator imports expanded sharply to $4.9B in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 18% against the previous year. As a result, imports reached the peak of $6B. From 2020 to 2022, the growth of global imports failed to regain momentum.

Imports By Country

China represented the key importer of aeronautical or space navigation instruments and appliances in the world, with the volume of imports reaching 214K units, which was near 40% of total imports in 2022. It was distantly followed by the United States (95K units), Canada (40K units) and Singapore (28K units), together comprising a 30% share of total imports. The following importers - France (18K units), Australia (13K units), the UK (13K units), Germany (12K units), the United Arab Emirates (11K units), Mexico (9.4K units) and the Netherlands (9.3K units) - together made up 16% of total imports.

China was also the fastest-growing in terms of the aeronautical or space navigation instruments and appliances imports, with a CAGR of +52.7% from 2012 to 2022. At the same time, the United Arab Emirates (+18.3%) and France (+3.1%) displayed positive paces of growth. By contrast, the UK (-1.1%), Canada (-1.3%), Germany (-1.9%), Australia (-2.6%), Mexico (-6.0%), the United States (-6.8%), Singapore (-10.1%) and the Netherlands (-13.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and the United Arab Emirates increased by +39 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest GPS navigator importing markets worldwide were the UK ($747M), the United States ($629M) and Germany ($531M), with a combined 39% share of global imports. France, Canada, Singapore, Australia, the Netherlands, the United Arab Emirates, China and Mexico lagged somewhat behind, together accounting for a further 33%.

In terms of the main importing countries, Singapore, with a CAGR of +6.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average GPS navigator import price amounted to $9,035 per unit, dropping by -22.7% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, GPS navigator import price decreased by -39.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 57%. Global import price peaked at $14,899 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($55,831 per unit), while China ($395 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+18.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Aeronautical Or Space Navigation Instruments And Appliances

After four years of decline, overseas shipments of aeronautical or space navigation instruments and appliances increased by 21% to 232K units in 2022. Overall, exports, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2017 when exports increased by 54%. As a result, the exports attained the peak of 443K units. From 2018 to 2022, the growth of the global exports failed to regain momentum.

In value terms, GPS navigator exports shrank modestly to $3B in 2022. In general, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -42.5% against 2019 indices. The growth pace was the most rapid in 2016 when exports increased by 28% against the previous year. Over the period under review, the global exports attained the maximum at $5.2B in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports By Country

The United States represented the key exporter of aeronautical or space navigation instruments and appliances in the world, with the volume of exports recording 114K units, which was near 49% of total exports in 2022. The UK (20K units) ranks second in terms of the total exports with an 8.6% share, followed by the Netherlands (7.5%). Mexico (9K units), Australia (7.8K units), France (7.1K units), China (7K units), Singapore (6.3K units), South Africa (6.1K units), India (4K units), Hong Kong SAR (3.8K units) and Germany (3.6K units) followed a long way behind the leaders.

Exports from the United States increased at an average annual rate of +1.7% from 2012 to 2022. At the same time, Australia (+14.8%), the Netherlands (+13.7%), India (+13.7%), the UK (+6.0%) and South Africa (+5.3%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.8% from 2012-2022. Mexico experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-3.7%), Singapore (-3.9%), China (-5.7%), France (-13.6%) and Germany (-21.7%) illustrated a downward trend over the same period. The United States (+16 p.p.), the Netherlands (+5.8 p.p.), the UK (+4.7 p.p.) and Australia (+2.7 p.p.) significantly strengthened its position in terms of the global exports, while France and Germany saw its share reduced by -7.7% and -13% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest GPS navigator supplying countries worldwide were the UK ($730M), France ($531M) and Germany ($282M), with a combined 52% share of global exports. The United States, the Netherlands, Singapore, Hong Kong SAR, India, China, Australia, Mexico and South Africa lagged somewhat behind, together accounting for a further 24%.

Among the main exporting countries, India, with a CAGR of +51.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average GPS navigator export price amounted to $12,795 per unit, which is down by -20.4% against the previous year. In general, the export price, however, saw pronounced growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the maximum at $18,356 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($77,712 per unit), while South Africa ($651 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+33.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform