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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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
- 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
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