Automotive Navigation Systems Market Strategies for Growth, Segmentation, and Market Overview
Discover a detailed exploration of the Automotive Navigation Systems Market by Data Bridge Market Research, thoughtfully presented with visual finesse to ensure seamless data absorption. Crucial insights are illuminated through vivid graphs, charts, and figures, empowering astute decision-making.
This Automotive Navigation Systems report defines and segments the market with analyzes and projections of the market size in terms of value, volume and technology. The Automotive Navigation Systems research report also identifies driving and restraining factors of the global market with an analysis of the trends, opportunities and challenges. This Automotive Navigation Systems report examines the leading manufacturers of the market with sales, revenue and price. The facts and data of the market are represented in this report using diagrams, graphs, pie charts and other pictorial representations.
This Automotive Navigation Systems report firstly introduced basic information which includes definition, classification, application, Industry chain structure and Industry view. To ensure the quality of the report further, market dynamics, various projection, demographic changes, historic details and other have been included in this Automotive Navigation Systems report. Analysts have studied the investments in research and development of products and technologies that are expected to give the players a definite boost.
Global automotive navigation systems market was valued at USD 32.12 billion in 2021 and is expected to reach USD 62.15 billion by 2029, registering a CAGR of 8.60% during the forecast period of 2022-2029.
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Market Growth Drivers:
- Rise in Traffic Congestion
The increase in the adoption of car GPS navigation system to acquire real time traffic data to avoid traffic congestion acts as one of the major factor driving the growth of automotive navigation systems market. The surge in level of investment for the development of improved infrastructure has a positive impact on the market.
- Road Safety
The rise in awareness regarding road safety among consumers accelerate the market growth. Government of various regions are taking initiatives to decline the number of road accidents. Manufacturers are increasing their investments to meet government standards that further assists in the expansion of the market.
- Rise in Transportation
The increase in the fleet size of the transportation and logistics companies making monitoring systems necessary for vehicle security and timely delivery further influence the market. Also, the increase in demand for passenger vehicles owing to the surge in middle-income group population along with rise in standard of living in emerging countries assist in the expansion of the market.
Notably, the report emphasizes the engagement of essential entities, including:
Alpine Electronics, Inc. (Japan), AISIN SEIKI Co., Ltd. (Japan), Clarion (UK), Continental AG (Geramany), Delphi Technologies (UK), DENSO CORPORATION. (Japan), Garmin Ltd. (US), HARMAN International. (US), HERE (Netherlands), JVCKENWOOD Corporation (Japan), Pioneer Corporation. (Japan), Telenav, Inc. (US), TomTom International BV. (Netherlands), NNG Software Developing and Commercial Llc. (Hungary), Robert Bosch GmbH (Germany), MiTAC Holdings Corp., (Taiwan), FUJITSU (Japan), Mitsubishi Electric Corporation (Japan), Ford Motor Company (US), and BMW Group (Germany), among others
Navigating Market Realities: Essential Points Uncovered
- Holistic Market Share Appraisals
- Comprehensive evaluation of market shares at both global and regional levels.
- Parent Market Potential & Growth in Niche Areas
- Insightful exploration of parent market potential and identification of niche segments poised for growth.
- Deciphering Order Management Software Market Trends
- In-depth analysis of global order management software trends, offering insights for strategic investments.
- Adapting to Evolving Industry Dynamics
- Navigate and adapt to the dynamic shifts within the industry landscape.
- Strategies of Key Players & Product Landscape
- Uncover the strategies employed by key players and explore their diverse product landscapes.
- Historical & Future Market Size Assessment
- Comprehensive evaluation of historical, current, and projected market sizes.
- Strategic Profiling: Key Player Insights
- Strategic profiling of key players, providing detailed insights into market positions and core competencies.
Key Market Segmentation
Platform (Windows Computer Embedded (Win CE), Android), System Type (Factory Fitted IVS (Pre-Installed System), Aftermarket IVS (Installed Later On), Personal Navigation Devices (Portable Devices), Smartphones), Vehicle Type (Entry-Level Passenger Vehicle, Mid-Premium Passenger Vehicle, Luxury Passenger Vehicle, Commercial Vehicle), Device Type (In-Dash, Portable, Mobile Navigation System), Propulsion (ICE, Electric Vehicle), Component (Hardware, Software, Connectivity)
Intended Audience:
- Companies within the Automotive Navigation Systems industry
- Investors and analysts keen on the Automotive Navigation Systems market
- Individuals seeking insights into the dynamics of the Automotive Navigation Systems market
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