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Automotive Navigation Solutions Market size and Key Trends in terms of volume and value 2016-2026
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Automotive Navigation Solutions Market dynamics:
Automotive navigation solutions market volume sales is currently rising owing to sharp increase in demand from commercial heavy vehicles such as bus, trucks. Additionally automotive navigation solutions are now also being adopted for vehicles and machinery with application in mining. The use of automotive navigation solution is expected to increase significantly with the advent of autonomous cars since self-driving automobiles rely on the synchronized interaction of radar, GPS, Lidar, other sensors and technologies to cruise and ensure safe travel. Introduction of voice enabled assist technology in automobile navigation solution market along with integration of mobile application sensors is now gaining credible traction in the automotive navigation solutions market. However, additional cost of automotive navigation device and systems for installing and limited autonomous vehicle market is restraining the automotive navigation solutions market.
Automotive Navigation Solutions: Regional Outlook:
Automotive Navigation Solutions Market can be segmented into different geographical regions such as North America, Latin America, Western and Eastern Europe, Asia-Pacific Excluding, Japan (APEJ), Japan, Middle East and Africa. Owing to sustainable automotive car and automotive spare sales North America, Western Europe, AEPJ and Japan are key markets for the automotive navigation solutions market. With relatively maturity attained in automotive sales in region of US and Germany, strong after sales service and product are anticipated to fuel the demand for the automotive navigation solutions market in these regions.
Increasing vehicle density in Eastern Europe and APEJ is creating strong opportunities for automotive navigation solutions market participants. To address the increasing traffic congestion and efficiently manage traffic, the demand for automotive navigation solutions is escalating in economies such as Russia, Japan, India and China. Likewise key automotive navigation solutions market in Middle East & Africa and Latin America such as Brazil, Argentina, South Africa and Egypt among other countries that are expected to represent high potential markets during the forecast period owing to increasing automotive sales in the regions.
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Automotive Navigation Solutions: Key Players
The automotive navigation solution market is fragmented with a special concentration of players and participant from North America and Europe. However the automotive navigation solution market is expanding, and with increasing traction of the technology, the emergence of new participants from APEJ, ASEAN and Japan is anticipated. Some of the key players identified in the automotive navigation solution market among other participants are
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