US$ 16.6 Billion ****** Automotive Navigation Systems Market Trends, Forecast and Insights

****** Automotive Navigation Systems market size is estimated to be valued at over US$ 16.6 billion in 2019 and is projected to register double digit CAGR of 11.3% during the forecast period. Bekryl observes the navigation systems to be an integral part of the automotive systems. It will be available in over 250 vehicles by 2023. Companies are consistently focusing on contextual navigation-based systems. Advancement in artificial intelligence in automotive and deep learning will create next generation GPS systems. Overall, the industry will register huge market opportunity during the forecast period.

Key Trends and Factors Driving Automotive Navigation Systems Market:

  • Increasing ride hailing services has propelled the growth of automotive GPS systems. ****** on-demand transportation market is worth US$ 91 billion in 2019 and will continue to register double digit growth. These transportation services leverage real time maps as a business model. As such, growth in the segment is likely to scale the GPS systems demand globally.
  • Product innovation is one of the key trend witnessed in the market. Navigation in automobile was introduced in 1977 with electronic compass. It then transitioned to electric induced route guidance system in 1995 and now ****** Positioning System (GPS). Real time maps has become a norm in the sector. Ongoing road development activities such as opening of new roads, speed limit regulations and renaming of streets/locality demands real time map.
  • Embedded Navigation System is becoming popular among automotive users. Companies are developing advanced navigation algorithms and routing logics in order to offer connected navigation. Cloud based solutions is a part of the growing embedded navigation systems. In the last five years, voice enabled embedded GPS systems has largely gained market traction. These systems work as soon as the automotive engine switched on.

For more trend, click here: https://bekryl.com/industry-trends/automotive-navigation-systems-market-share-analysis

****** Automotive Navigation Systems Market Size and Forecast: Regional Analysis

Asia Pacific Automotive Navigation Systems market accounted for 39% of ****** sales in 2018

Asia Pacific registered highest car sales in 2018. Higher car sales is primarily attributed to increasing per capita income along with improving road and transport infrastructure. Digitization is playing a key role in automotive sector. Furthermore, Asia Pacific has emerged as one of the leading destinations for ride hailing services. This in turn has strengthened the demand for automotive navigation market in the region. China followed by India are major destination in Asia Pacific.

****** Automotive Navigation Systems Market Size and Forecast: Competition Landscape

Some key Automotive Navigation Systems market players are:

  • Aisin Seiki Co. Ltd.
  • Garmin Ltd.
  • Delphi Technologies
  • Bose Corporation
  • Tom-Tom NV
  • Mitsubishi Electric Corporation
  • Robert Bosch GmbH
  • HERE Technologies
  • Continental AG
  • Alpine Electronics Inc.
  • Pioneer Corporation

Industry Segmentation

By Product Type:

  • Embedded
  • Portable
  • Smartphone Based Devices

By Vehicle:

  • Passenger
  • Commercial

By Distribution Channel:

  • OEM
  • Aftermarket

Contact

Mr. Alex Werner

U.S Office (Sales and PR)

99 Wall Street,

Suite 622, New York, U.S

Contact: +1 347 752 5777

Email: alex@bekryl.com, sales@bekryl.com

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.