Europe Automotive Navigation System Market 2021 SWOT Analysis and Key Business Strategies by Leading Players – Alpine Electronics, Aisin Aw Co.Ltd, Continental AG

Latest research on Europe Automotive Navigation System Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Europe Automotive Navigation System market. This report included a special section on the Impact of COVID19. Also, Europe Automotive Navigation System Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Europe Automotive Navigation System industry.

Europe Automotive Navigation System market is growing at a CAGR of 5.89% during the forecast period (2021-2026).

The Europe Automotive Navigation System market is highly competitive and consists of a number of major players. Top Companies like Alpine Electronics, Aisin Aw Co.Ltd, Continental AG, Clarion, Mitsubishi Electric Corporation, Pioneer, Garmin, Denso Corporation

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Regional Analysis:

Furthermore, to broaden the understanding, researchers have studied the global Europe Automotive Navigation System market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

Europe Automotive Navigation System Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.

Scope of the Report

There is an ever-growing demand for accurate automotive navigation technology. It helps in tracking and forecasting the supply chains, which provides a real time-definite delivery system. Applications such as e-commerce and food delivering apps rely on the are application. Moreover, car-sharing services like Ola, Uber, and Grab heavily rely on navigation-based technology. As a result, the Europe Automotive Navigation Systems Market is expected to see growth upwards in the upcoming years.

In 2019, Europe recorded 117.04 million U.S. dollars in revenue and the second largest by geography. The EU policymakers are mandating the integration of navigation systems in automobiles to develop databases to helps transportation organizations maintain costs, reduce maintenance, and improve road safety. All these changes will drive the growth for Automotive Navigation Systems in the European Market.

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Key Market Trends

E-commerce and Online Cab Booking Services Mostly Rely on GPS Tracking

The primary features of an automotive navigation system are integrating real-time data, map updates, and smartphone integration. With the growing accessibility to the internet through mobile phones, manufacturers are opting for all built-in functions of an in-vehicle GPS in the user's smartphone system itself while keeping the costs low.

The demand for navigation systems is growing, especially amongst ride-hailing apps, which are expected to push the market. GPS devices are primarily used by car fleets such as Uber and Grab to manage their cars' pool by keeping track of their driver's and passenger's activity. Both passive and active tracking is a viable source of information to the owner. Analysis of this stored data and real-time monitoring is very useful to the industry for commercial purposes.

Germany is leading the Europe Automotive Navigation Systems

In 2019, the Europe Navigation Systems market had a market share of over 30%. Partnerships between OEMs and system manufacturers are taking place to develop better navigation infrastructure.

In Germany, security and safety play a significant contributing factor in the automotive market. As a result, Germany is planning to mandate the usage of GPS systems in all the cars manufacture after 2020. The European Telecommunications Standards Institute (ETSI) and European Committee for Standardization (CEN) have also issued standards for intelligent transport systems (ITS) to meet the safety demand in the EU region. As a result, new cars must be equipped with 3G/4G and GPS systems, creating a base for the car navigation systems.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Europe Automotive Navigation System Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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