Press release
Car GPS Navigation System Industry Is Predicted To Grow At a CAGR of 8.2% During 2018-2025
In terms of consumption side, this report focuses on the consumption of Car GPS Navigation System by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc. Car GPS Navigation System Market receive signals from navigation satellites, which assist in vehicle tracking and positioning. These signals are received from multiple satellites thereby helping in precise positioning of the vehicle. The car GPS navigation system includes range of functionalities such as record, save music, and operate climate control functions (if equipped in car). The GPS navigation systems are largely used by transportation and logistics industry.
The ability of navigation systems to provide real time traffic data thereby assisting large number of logistic and fleet operators fuel the market. In addition, increase in demands from dependent sectors further propels the market growth. Moreover, rise in car sales worldwide is projected to fuel the growth. However, costs versus functionalities given by these systems restrain the market. In addition, the presence of substitutes to aftermarket navigation systems and the cost versus functionality given by these systems restrain the market. The availability of advanced telecom infrastructure and penetration of wireless communication technology makes way for market growth opportunities.
The Car GPS Navigation System market was valued at 770 Million US$ in 2017 and is projected to reach 1450 Million US$ by 2025, at a CAGR of 8.2% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Car GPS Navigation System.
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This report includes the following manufacturers; we can also add the other companies as you want.
Pioneer Corporation
Mitsubishi Electric
Alpine Electronics
TomTom
Robert Bosch
Denso Corporation
Continental AG
JVCKENWOOD Corporation
Panasonic Corporation
Sony Corporation
Market Segment by Product Type
Hardware
Software
Market Segment by Application
Passenger Car
Commercial Car
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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