Technological Advancements in Car GPS to Boost the World Market

The Latest research coverage on Car GPS Market provides a detailed overview and accurate market size. The study is designed considering current and historical trends, market development and business strategies taken up by leaders and new industry players entering the market. Furthermore, study includes an in-depth analysis of global and regional markets along with country level market size breakdown to identify potential gaps and opportunities to better investigate market status, development activity, value and growth patterns.

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Major & Emerging Players in Car GPS Market:-
Pioneer Corporation (Japan), Mitsubishi Electric (Japan), Alpine Electronics (Japan), TomTom (Netherlands), Robert Bosch GmbH (Germany), Denso Corporation (Japan), Continental AG (Germany), JVC Kenwood Holdings Inc. (Japan), Panasonic Corporation (Japan), Sony Corporation (Japan), Aisin Seiki (Japan), Kenwood Corporation (Japan), GPS Insight (United States).

The Car GPS Market Study by AMA Research gives an essential tool and source to Industry stakeholders to figure out the market and other fundamental technicalities, covering growth, opportunities, competitive scenarios, and key trends in the Car GPS market.

Global Positioning System (GPS) is also called a radio-navigation system which is formed from the constellation of 24 satellites and ground stations. The Global Positioning System is mainly funded and controlled by the U.S Department of Defense (DOD). The system was designed for the operation of the military. But now, there are numbers of civil GPS users across the globe. The automotive sector is one of the dominating markets and an increasing number of car sales is boosting the growth of the market. Additionally, features such as real-time monitoring, low cost of the system, long life of the system and others are responsible for growing car GPS market. However, continuous monitoring of vehicle arises privacy concern among users and the presence of alternative of the product has been limiting the growth of the market.

In September 2018, ISRO (India Space Research Organization) has made new navigation for Indian cars. Also, Ramakrishna Electro Component had launched a vehicle tracking system based on ISRO navigation which is better than the U.S. based navigation system. Such type of activities can create a huge opportunity for the market.
On 20th May 2021, Accel-KKR, a private equity firm with over $10 billion of assets under management, announced on May 19, 2021, that it has acquired GPS Insight, a fleet management software company. Founded in 2005, GPS Insight provides SaaS-based fleet management software and complementary solutions for Class 3-6 fleets in the United States and Canada.
"A number of other federal and state courts have ruled on the use of GPS-based vehicle surveillance by law enforcement, both before and after the 2012 Supreme Court decision.
Several U.S. states and non-U.S. jurisdictions have enacted laws establishing personal location privacy rights. However, the current U.S. statute at the federal level does not provide clear protection of geolocation."

The titled segments and sub-section of the market are illuminated below:
by Type (Positioning System, Navigation System), Application (Passenger car, Commercial vehicle, OEM market, Aftermarket), Component (Hardware, Software), Vehicle Type (Commercial Vehicle, Passenger Vehicle), Tracking Type (Cellular Tracking, Wireless Pa

Market Trends:
Features such as compact size, longer life and high efficiency is fueling the market

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Opportunities:
High Penetration of Wireless Communication Technology and Availability of Advanced Infrastructure for Wireless Connectivity across Globe
High Use of GPS System for Usage-Based Insurance (UBI)

Market Drivers:
Increasing Number of Car Sales across Globe
Real-Timing Monitoring Ability Driving the Market
Rising Demand and of Growth of Commercial Vehicles
Product Available in Affordable Prices

Challenges:
Presence of Alternative such as Hardware Agnostic Tracking Solutions

Some Point of Table of Content:
Chapter One: Report Overview
Chapter Two: Global Market Growth Trends
Chapter Three: Value Chain of Car GPS Market
Chapter Four: Players Profiles
Chapter Five: Global Car GPS Market Analysis by Regions
Chapter Six: North America Car GPS Market Analysis by Countries
Chapter Seven: Europe Car GPS Market Analysis by Countries
Chapter Eight: Asia-Pacific Car GPS Market Analysis by Countries
Chapter Nine: Middle East and Africa Car GPS Market Analysis by Countries
Chapter Ten: South America Car GPS Market Analysis by Countries
Chapter Eleven: Global Car GPS Market Segment by Types
Chapter Twelve: Global Car GPS Market Segment by Applications

What are the market factors that are explained in the Car GPS Market report?
- Key Strategic Developments: 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.
- 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.
- Analytical Tools: The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

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