Market Highlights: A GPS navigation system uses multiple satellite signals to find a receiver's position on earth with the help of audio/video (AV) component and GPS receiver designed for a car-based, hand-held device or a smartphone application. The demand for passenger and commercial vehicles is on the upswing, due to the rise in the per capita income of customers in the emerging economies such as China, India, and Brazil supplementing the growth of car GPS navigation system. Further, increasing penetration of autonomous cars and the emergence of wireless communication technology expected to drive the car GPS navigation system market over the forecasted period. The market study is being classified by Type (Hardware and Software), by Application (Passenger and Commercial) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Car GPS Navigation System are Pioneer Corporation (Japan), Mitsubishi Electric (Japan), Alpine Electronics (Japan), Robert Bosch (Germany), Denso Corporation (Japan), Continental AG (Germany), JVC Kenwood Holdings Inc. (Japan), Panasonic Corporation (Japan), Sony Corporation (Japan), Hexagon (Sweden), Honeywell International Inc. (United States) and Freenex Co, Ltd. (South Korea).
June 2018, Hexagon, Positioning Intelligence system provider in Sweden acquires Autonomous Stuff, a platform for autonomous vehicle development, robotics and data intelligence and innovation. This acquisition accelerates Hexagon's ability to move their clients beyond the data impasse of the internet of thing (IoT).
Key Questions Answered in the Report What will the Car GPS Navigation System Market size and the growth rate be in Future? What are the key factors driving the Car GPS Navigation System Market? What are the key market trends and macro-economic impacting the growth of the Car GPS Navigation System Market? What are the challenges to market growth? Who are the key vendors in the Car GPS Navigation System Market? What are the market opportunities and threats faced by the vendors in the Car GPS Navigation System Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Car GPS Navigation System Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Car GPS Navigation System market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Car GPS Navigation System market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Associations, Organizations, Forums, and Alliances, Supplier of GPS Navigation Devices, GPS IC Supplier, GPS Module Supplier, GPS Antenna Supplier, Companies Involve In Fleet Management and Telematics, Distributors and Traders, Research Organizations and Consulting Companies, Semiconductor Product Designers and Fabricators, Software and Service Providers, Technology Investors and Technology Solution Providers. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.