24 December 2018
– The Global Car
GPS Navigation System Market is likely to display a momentous
growth in the near future owing to augmentation in the applications and
expansion of the scope across various sectors. Car GPS Navigation System can be
defined as a system that takes the delivery of the signals from the navigation
satellites that further helps in tracing and locating the vehicle. The signals
that are obtained through various satellites enable the end user to position
the vehicle with precision. It is said that the car GPS navigation system
incorporates a wide range of functionalities including run climate control
functions, entry, register, and store music. The GPS navigation systems are
extensively being employed in the transportation as well as logistics sectors.
The Car GPS Navigation System Industry is attaining huge recognition across the
globe as the prerequisites and applications are burgeoning at a robust rate.
It is significant that the Car GPS navigation system
industry is growing at a robust rate. The key factors that are influencing the
overall market growth positively may entail rise in the industrialization,
urbanization, technological innovations, rise in the prerequisites for
real-time traffic updates, rising awareness among the end users, augmented
demands from transportation and logistics sectors, rise in the number of
dependent sectors, and increase in the sales of cars across the globe.
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Car GPS navigation system market can be split by component,
car type, end user, and geography. The market is segregated by component as
Hardware, Software, and others. Car GPS navigation system industry is divided
by car type as Passenger, Commercial, and others. This market is fragmented by
end user as OEM, aftermarket, and others. The industry is categorized by
geography as North America, Europe, China, Japan, Southeast Asia, and India.
Geographically, the Car GPS navigation system market is
witnessing a huge growth in the North American regions and the region is at the
same time occupying for the largest share in the market. The factors that are
primarily boosting the market growth in the region may encompass technological
innovations, rise in the research and development activities, and emergence of
huge leading manufacturers.
On the other hand, Europe and Asia Pacific are also expected
to rise at a higher CAGR in the near future, the reason being rising
prerequisites, emergence of market growth opportunities, and developing
nations. The prominent players contributing in the robust development of the
Car GPS navigation system industry are identified as Continental AG, JVCKENWOOD
Corporation, Robert Bosch, Alpine Electronics, TomTom, Panasonic Corporation,
Sony Corporation, Denso Corporation, Mitsubishi Electric, and Pioneer
Corporation.
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Market Segment:
Global Car GPS Navigation
System market competition by top manufacturers, with production, price, revenue
(value) and market share for each manufacturer; the top players including
• Pioneer Corporation
• Mitsubishi Electric
• Alpine Electronics
• TomTom
• Robert Bosch
On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• Hardware
• Software
On the basis of the
end users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate for
each application, including
• Passenger
• Commercial
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