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Automotive Navigation Systems Market Estimated to Flourish by 2026 - Persistence Market Research
Automotive navigation systems Market, Automotive navigation systems, navigation systems Market
The integration of smartphones with IVS (in-vehicle systems) is one of the primary reason for the growth in automotive navigation systems market. In the recent years, adoption of smartphone have increased and this is expected to surge the demand for smartphone/tablet based navigation devices. Increased consumer demand for wireless connectivity and mobile internet with high level of penetration of smartphones and tablets will place connected cars first in demand. This is expected to drive the supply side vendors in automotive industry to adjust to new digital lifestyle and to integrate in-care internet connectivity solutions hence rising demand of automotive navigation systems.
Technological advancements are also driving market for automotive navigation systems market. For instances, the devices with integration of traffic data with navigation systems is one such innovation. These newer systems give precise driving directions and receive and display information on traffic congestion and suggest alternative routes to the users. Either TMC, which delivers coded traffic information using RDS is used or GPRS/3Gdata transmitted via mobile phones.
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The other functions and integrations in the devices are expected to enhance the sales for automotive navigation systems. For instance, the color LCD screens on few automobiles navigation systems can also be used as television broadcasts or DVD movies. Few of the systems can also be integrated with mobile phones for hands free talking and SMS messaging using Bluetooth and Wifi. Nowadays Automotive navigations systems includes personal management for meetings and can be combined with traffic and public transport information system.
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Automotive navigation systems Market Players
The Automotive navigation systems Market is fragmented and competitive, with large number of players operating at the regional and local level. Some of the players in the market includes,
• Alpine Electronics
• Pioneer
• TomTom
• Garmin
• Apple
• BMW
• Ford
• Fujitso Ten
• Kenwood
• Mitsubishi Electronics
• Panasonic
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