Portable Navigation Device are handheld products that receive GPS signals to determine location. Using cellular data or Wi-Fi connection to connect to services and to provide information regarding traffic, other location-based services, nearby places and many more. These devices show turn-by-turn locations. It can easily be attached and ported between vehicles. In terms of price, it is comparatively of low cost, plus there is no need to buy separate cellphone to operate the device because purchasing new device is more reasonable rather than updating the existing one and these are some of the factors, driving the market of Portable Navigation Device.
Factors restraining market of Portable Navigation Device is though it is handy, it can easily be stolen or lost. Secondly, cables used for power supply, connecting can lead to form a mess. Nevertheless, tablets are giving tough competition to smartphones and other devices. They support Wireless Wide Area Networking (WWAN) technology i.e., 3G, 4G. Added to this, more service are also to be introduced, which will give more opportunities to the market to grow in coming years.
The "Global Portable Navigation Device Market Analysis to 2027" is a specialized and in-depth study of the Portable Navigation Device industry with a focus on the global market trend. The report aims to provide an overview of global Portable Navigation Device market with detailed market segmentation by type, components, application, end user and geography. The global Portable Navigation Device market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Portable Navigation Device market based on type, components,applications, and end user. It also provides market size and forecast till 2027 for overall Portable Navigation Device market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 countries globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions. Also, key Portable Navigation Device market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are the list of companies for Portable Navigation Device Market are TomTom International BV, Continental AG, Garmin Ltd., Marvell Technology Group Ltd., Texas Instruments Incorporated, Magellan (MiTAC International Corporation), Kapsys, Rand McNally, ROHM Semiconductor, NXP Semiconductors N.V. among others.