Market Outlook : Automotive Personal Navigation Devices Market Globally Grow at a CAGR of 14.51% by Revenue During the Period 2016-2020
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About Automotive Personal Navigation Systems
The automotive industry is seeing structural changes since the past decade in the form of engine downsizing, electrification of automotive mechanism, emission regulations, and enhanced connectivity and safety. Among these innovations, connectivity plays a disruptive role in the traditional automotive value chain with various non-automotive players flooding into the market with new connected technologies, and at the same time, traditional automotive players are embracing this structural paradigm. One such technology that has seen widespread adoption is the navigation system integrated with the aid of GPS that provides riders with real-time maps and directions on the road.
Technavios analysts forecast the global automotive personal navigation systems market to grow at a CAGR of 14.51% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global automotive personal navigation systems market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market.
Segments based on geography:
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Technavio’s report, Global Automotive Personal Navigation Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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