Scope of the Study
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. According to AMA, the Global Car GPS Navigation System market is expected to see growth rate of 8.0%
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) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Athena Technologies (United States), Japan Radio Company (Japan) and Etak (United States).
Fragmented nature of market owing to the number of players present in the market. Market leaders are focusing on technological developments for a better user interface and growing aftermarket services expected to drive the car GPS navigation system market. Research Analyst at AMA predicts that Japan Players will contribute to the maximum growth of Global Car GPS Navigation System market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Car GPS Navigation System market by Type, Application and Region.
On the basis of geography, the market of Car GPS Navigation System has been segmented into 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). If we see Market by End-user Type, the sub-segment i.e. OEM will boost the Car GPS Navigation System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. Passenger Vehicles will boost the Car GPS Navigation System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Sales of Connected Cars Globally
- The Emergence of Cloud-Based Applications in Automotive
- Increasing Sales of Commercial Vehicle in Emerging Economies
- Emphasizing on Real-Time Tracking and Monitoring Facility
- Increasing Demand from logistics and fleet service providers
- The Difficulty Involved in the Integration of the Various System with GPS
- High Installation Cost Associated with Car GPS Navigation System
- Lack of Internet Infrastructure in Developing Economies
- Technological Developments towards Wireless Communication Technology
- Growing Aftermarket Services Supplementing Car GPS Navigation System Market
- Increasing Application of Car GPS Navigation System in Premium and Luxury Cars.
- Emerging Alternatives to GPS such as Global Navigation Satellite System (GLONASS), DORIS, IRNSS, and Others.
- GPS Location can be Inaccurate Sometimes Owing to Extreme Atmospheric Conditions
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 Target AudienceAssociations, 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
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