Automotive Navigation Systems Market Overview:
The advancements in navigation technology are estimated to steer the
automotive
navigation system market 2032. The telematics and infotainment reports are
made by Market Research Future, which includes market options for progress. An 7.90%
CAGR is predicted to direct the global market expansion in the coming period.
The rapidly altering economies and lifestyle in developing nations are
predicted to shape the automotive navigation system market share. Moreover, the
breakthroughs in autonomous vehicles infrastructure are estimated to promote
the growth of the automotive navigation system market size in the impending
period. The intensification in fleet management is estimated to further the
progress of the automotive navigation system market.
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navigation system market
Segmental Analysis
The segmental insight into the automotive navigation system market has
been conducted based on propulsion, vehicle type, sales channel, device type, and
region. Based on the sales channels, the automotive navigation system market
has been divided into OEM and aftermarket. Based on the device type, the automotive
navigation system market has been segmented into portable, in-dash, and mobile
navigation system. Based on the vehicle type, the automotive navigation system
market has been bifurcated into passenger car and commercial vehicles. Based on
the propulsion, the automotive navigation system market has been split into
electric vehicle and ICE. On the basis of regions, the automotive navigation
system market is segmented into Asia Pacific, Europe, North America, and other
crucial regional markets.
Detailed Regional
Analysis
The regional review of the automotive navigation system
market has been conducted on the basis of Asia Pacific, Europe, North America,
and other crucial regional markets. Among these regions studied, the automotive
navigation system market in the Asia Pacific had the principal market share in
2018 in terms of income and is estimated to record the maximum CAGR throughout
the forecast period. The existence of a huge
number of producers in the regions is anticipated to guide the automotive
navigation system market. Furthermore, the speedy technological developments
and intensifying demand for a viable voyage, are projected to generate
lucrative opportunities for the automotive navigation system market. The region
of North America is projected to observe momentous progress over the forecast
period, because of the increasing passenger car market in the U.S. and Canada.
Competitive
Analysis
The support from government bodies is estimated to
promote further the long term expansion of the market in the upcoming period.
The consumer trends that are of special concern to demand are predicted to take
time to stabilize in the aftermath of the current global pandemic. The
investments related to marketing and R & D are foreseen to be staggered
seeing the current economic climate. However, the market is predicted to be
hindered to an extent by the restrictions in international trade due to the
pandemic. The global market is estimated to be piloted by the forces of supply
and demand that have taken over control. The contenders functioning in the
market are predicted to take necessary steps to safeguard their commercial
interests in the period ahead. The economic deceleration is projected to carry
the continuation of the effects seen these days commonly. The transformation in
the supply chain has to be strongly encouraged, so as to see positive effects
with regards to market progress.
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navigation system market
The outstanding companies in the automotive
navigation system are HERE Technologies (U.S.), JVC
Kenwood Corporation (Japan), AISIN SEIKI Co., Ltd (Japan), Telenav, Inc. (U.S.),
Clarion Corporation (U.S.), Continental AG (Germany), Delphi Technologies (U.K.),
Denso Corporation (Japan), Garmin Ltd (U.S.), Harman International Industries,
Inc. (U.S.), Pioneer Corporation (U.S.), Alpine Electronics, Inc., (Japan), TomTom
N.V. (U.S.), NNG Software Developing and Commercial Llc. (Hungary), and Robert
Bosch GmbH (Germany).
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