Market Highlights: A navigation system is a defined as instruments which helps in determining the position of a particular place or person. It acts as a guide map and is basically segmented based on the source the signal frequency is emitted. With rising demand for inbuilt GPS modules in automobiles along with surging demand for autonomous vehicles, key vehicle manufacturers are focusing on undertaking partnership and agreements with component manufacturers. The market study is being classified by Type (Automotive Navigation System, Global Positioning System (GPS), Marine Navigation System, Surgical Navigation System, Inertial Navigation System, Robotic Navigation and Others), by Application (Military, Aviation, Maritime, Transportation, Fleet Management, Automotive and Others) 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 Navigation System are Garmin Ltd. (United States), Rockwell Collins (United States), KVH Industries (United States), Esterline Technologies (United States), Honeywell (United States), Lord Microstrain (United States), Northrop Grunman (United States), Raytheon (United States), Trimble Navigation (United States), L3 Communications (United States) and Moog Inc. (United States).
Major Market Development Highlights In June 2018, Hexagon AB acquired AutonomouStuff LLC, a U.S based autonomous vehicle solutions provider, to deliver advanced autonomous vehicle solutions with the help of its GPS products
Key Questions Answered in the Report What will the Navigation System Market size and the growth rate be in Future? What are the key factors driving the Navigation System Market? What are the key market trends and macro-economic impacting the growth of the Navigation System Market? What are the challenges to market growth? Who are the key vendors in the Navigation System Market? What are the market opportunities and threats faced by the vendors in the Navigation System Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Navigation System Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global 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 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. 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.