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Car Navigation Market Overview and Growth Analysis by 2023 - Prominent Industry Players Profiled Such as Analog Devices Inc.,CORDENKA GmbH & Co. KG, Freescale Semiconductor Inc., General Electric Company, Hitachi Ltd.

12-14-2018 12:10 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Car Navigation Market Overview and Growth Analysis by 2023 -

The car navigation system is a third-party application, which is a part of the automotive control, and it helps the driver to find the exact location. It uses a satellite navigation device to get its position data which is then correlated with the help of complex algorithms to a position on the road, enabling the driver to find the shortest and the most suitable path to the required destination. Over time, the navigation systems have witnessed numerous advancements, and the latest offerings are much more reliable and advanced to their past counterparts.

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Boost in the sale of automobiles worldwide, increase in demand from dependent sectors, governments across the globe mandating such systems, and high demand for real-time traffic drive the market. However, as the applications are from third parties and these operate on the internet, the threat of security and privacy is expected to restrain market growth. Increased dependency of the population on such applications and the advantages they offer present lucrative opportunities for the market.

The car navigation market is segmented into product, type, application, and geography. The product segment is divided into QNX Platform, WinCE Platform, Linux Platform, and others. The market based on type includes inertial sensors, microphones, and pressure sensors.

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The application segment is classified into ADAS, ECU, ESC, HVAC, safety & security, in-car navigation, OIS camera, microphone in cabin, and TPMS. The region-wise divisions are North America, Europe, Asia-Pacific, and LAMEA. The key players profiled in the report are Analog Devices, Inc., CORDENKA GmbH & Co. KG, Freescale Semiconductor, Inc., General Electric Company, Hitachi, Ltd., Hyosung Corporation, Inven Sense, Inc., Panasonic Corporation, Robert Bosch GmbH, and SRF Limited.

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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