Vehicle Navigation Systems Market Analysis and Outlook to 2027 by Prominent Players - Alpine Electronics, Continental AG, Denso Corporation, JVCKENWOOD Corporation, Mitsubishi Electric Corporation, Panasonic Corporation
The usage of vehicle navigation solution is anticipated to increase significantly with the advent of autonomous cars as self-driving automobiles depend on the synchronized interaction of radar, Lidar, GPS, other sensors and technologies to ensure safe travel.
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The vehicle navigation system is a third-party application that is a part of the automotive control, which supports the driver to find the exact location. The vehicle navigation system uses a satellite navigation device to get its position data that is further correlated with the help of complex algorithms to a position on the road, allowing the driver to find the most suitable and the shortest path to the required destination.
1. Alpine Electronics, Inc.
2. Continental AG
3. Denso Corporation
4. JVCKENWOOD Corporation
5. Mitsubishi Electric Corporation
6. Panasonic Corporation
7. Pioneer Corporation
8. Robert Bosch GmbH
9. Sony Corporation
10. TomTom International BV
The "Global Vehicle navigation systems Market Analysis to 2027" is a specialized and in-depth study of the Vehicle navigation systems industry with a special focus on the global market trend analysis. The report aims to provide an overview of vehicle navigation systems market with detailed market segmentation by component, vehicle type, end-user, and geography. The global vehicle navigation systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading vehicle navigation systems market players and offers key trends and opportunities in the market.
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The global vehicle navigation systems market is segmented on the basis of component, vehicle type, and end-user. Based on component, the market is segmented as hardware and software. Further, based on vehicle type, the market is divided into commercial and passenger. Furthermore, on basis of end-user, market is segmented as OEM and Aftermarket.
The reports cover key developments in the vehicle navigation systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from vehicle navigation systems market are anticipated to lucrative growth opportunities in the future with the rising demand for vehicle navigation systems in the global market.
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