The vehicle navigation system is a third-party application that is a part of the automotive control, which supports the driver to find the exact location. The vehicle navigation system uses a satellite navigation device to get its position data that is further correlated with the help of complex algorithms to a position on the road, allowing the driver to find the most suitable and the shortest path to the required destination.MARKET DYNAMICS
The usage of vehicle navigation solution is anticipated to increase significantly with the advent of autonomous cars as self-driving automobiles depend on the synchronized interaction of radar, Lidar, GPS, other sensors and technologies to ensure safe travel. Further, rising demand from dependent sectors, increase in sales of vehicles, and high demand for real-time traffic are propelling the growth of vehicle navigation systems market MARKET SCOPE
The "Global Vehicle navigation systems Market Analysis to 2027" is a specialized and in-depth study of the Vehicle navigation systems industry with a special focus on the global market trend analysis. The report aims to provide an overview of vehicle navigation systems market with detailed market segmentation by component, vehicle type, end-user, and geography. The global vehicle navigation systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading vehicle navigation systems market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
The global vehicle navigation systems market is segmented on the basis of component, vehicle type, and end-user. Based on component, the market is segmented as hardware and software. Further, based on vehicle type, the market is divided into commercial and passenger. Furthermore, on basis of end-user, market is segmented as OEM and Aftermarket.REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global vehicle navigation systems market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Vehicle navigation systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Vehicle navigation systems 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 & Central America after evaluating political, economic, social and technological factors effecting the vehicle navigation systems market in these regions.
The reports cover key developments in the vehicle navigation systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from vehicle navigation systems market are anticipated to lucrative growth opportunities in the future with the rising demand for vehicle navigation systems in the global market. Below mentioned is the list of few companies engaged in the vehicle navigation systems market.
The report also includes the profiles of key Vehicle navigation systems companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Alpine Electronics, Inc.
- Continental AG
- Denso Corporation
- JVCKENWOOD Corporation
- Mitsubishi Electric Corporation
- Panasonic Corporation
- Pioneer Corporation
- Robert Bosch GmbH
- Sony Corporation
- TomTom International BV
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.