Automotive Navigation System Market is estimated to grow at a CAGR of over 7.7% during the forecast period of 2018-2023| Dominant Vendors - ALPINE ELECTRONICS INC, BOSE CORP, CONTINENTAL AG, FUJITSU TEN, MITSUBISHI ELECTRIC, PIONEER CORP amongst others

Market Analysis:

North America accounts for the Largest Market Share
North America automotive industry is leading in terms of production as well as sales, followed by Asia-Pacific and Western Europe. However, the Asia region is projected to become the key market for the manufacture of navigation systems with Japan, India, and China emerging as major automotive manufacture hubs.

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Shifts in consumer demand, increasing availability of data and information, expanded regulatory requirements are the key factors boosting the growth of automotive navigation system market. In addition, technological advancements in navigation system are expected to drive the demand for navigation systems market during the forecast. Many e-commerce companies are forming alliances with existing logistic providers for B2C or Business to Customer delivery. The logistics companies are expanding their services by getting more vehicles into services which is expected to drive the navigation systems market.

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Market Segments:
Automotive Navigation System Market is segmented by:
1. End-User Type: OEM, Aftermarket
2. Vehicle Type: Passenger Vehicles (Four Wheelers, Two Wheelers), Commercial Vehicles
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market:
• January 2017: QNX Software Systems Limited announced its collaboration with AutoNavi Holdings Limited to integrate the latter’s mobile navigation technology into the QNZ CAR platform for infotainment.
• April 2017: Intel has acquired Itseez, a computer vision and machine learning startup in order to develop better navigation for self-driving cars.

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