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Car GPS Navigation System Market - Opportunity and Forecast, 2017-2023

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IC_173280
Pages: 120
Sep 2017 | 2135 Views
 
Author's : Amrut Kulkarni
Tables: 59
Charts: 73
 

Car GPS Navigation System Market Overview:

Car GPS Navigation System Market was valued at $701 million in 2016, and is projected to reach at $1,237 million by 2023, growing at a CAGR of 8.1% from 2017 to 2023. Car GPS Navigation System Market receive signals from navigation satellites, which assist in vehicle tracking and positioning. These signals are received from multiple satellites thereby helping in precise positioning of the vehicle. The car GPS navigation system includes range of functionalities such as record, save music, and operate climate control functions (if equipped in car). The GPS navigation systems are largely used by transportation and logistics industry.  

The ability of navigation systems to provide real time traffic data thereby assisting large number of logistic and fleet operators fuel the market. In addition, increase in demands from dependent sectors further propels the market growth. Moreover, rise in car sales worldwide is projected to fuel the growth. However, costs versus functionalities given by these systems restrain the market. In addition, the presence of substitutes to aftermarket navigation systems and the cost versus functionality given by these systems restrain the market. The availability of advanced telecom infrastructure and penetration of wireless communication technology makes way for market growth opportunities.

The report includes the study of the car GPS navigation system market focusing on various growth prospects and restraints, based on the regional analysis. The study highlights Porter’s Five Forces analysis for the market that comprises the impact of suppliers, competitors, new entrants, substitutes, and buyers.

Key players profiled in the report include Pioneer Corporation, Mitsubishi Electric, Alpine Electronics, TomTom, Robert Bosch, Denso Corporation, Continental AG, JVCKENWOOD Corporation, Panasonic Corporation, and Sony Corporation.

Segment Overview

The global car GPS navigation system market is segmented on the basis of component type, car type, end user, and geography. Based on component type, it is bifurcated into hardware and software. The car type segment includes passenger and commercial. On the basis of end user, the market is divided into OEM and aftermarket. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Car Gps Navigation System Market Segmentation

CAR GPS NAVIGATION SYSTEM MARKET SEGMENTATION

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The graph below signifies the impacting factors of the car GPS navigation system market.   

Key Impactng Factors

CAR GPS NAVIGATION SYSTEM MARKET KEY IMPACTNG FACTORS

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Rise In Number of Car Sales Volume Worldwide

The developing economies are major influencers of car GPS navigation system market. According to OICA car production statistics 2016, the car sales in China has increased to 3,166,563 units in 2016 as compared to previous year. This in turn is anticipated to fuel the growth for car GPS navigation system market.

Ability of System to Provide Real Time Traffic Data

The ability of GPS navigation systems to provide real time data such as real time traffic updates saves individual’s time in road congestion. In addition, it aids in reduction of chances of accidents and fuel consumption.

Increasing Demands From The Dependent Sectors

The GPS navigation system is largely used by dependent sectors such as transportation. These systems assist the transportation and logistics industry by providing real-time traffic updates and thus aiding in cost saving and providing assistance in routing mechanism.

Key Benefits

  • The study provides an in-depth analysis of the car GPS navigation system market, with current and future trends to elucidate the imminent investment pockets.
  • Information regarding key drivers, restraints, and opportunities coupled with their impact analysis is provided.
  • Porter’s Five Forces analysis illustrates the potency of buyers and suppliers participating in the market.
  • The quantitative analysis of the market from 2016 to 2023 is provided to elaborate the market potential.

Car GPS Navigation System Market Key Segments:

The car GPS navigation system market is segmented based on component type, vehicle type, end user, and region.

By Component

  • Hardware
  • Software

By Car type

  • Passenger car
  • Commercial car

By End user

  • OEM
  • Aftermarket

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • Australia
    • Japan
    • China
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players Profiled in The Report

  • Pioneer Corporation
  • Mitsubishi Electric
  • Alpine Electronics
  • TomTom
  • Robert Bosch
  • Denso Corporation
  • Continental AG
  • JVCKENWOOD Corporation
  • Panasonic Corporation
  • Sony Corporation
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. PORTER’S FIVE FORCES ANALYSIS

3.3.1. Low bargaining power of suppliers
3.3.2. Low threat of new entrants
3.3.3. Low threat of substitutes
3.3.4. High competitive rivalry
3.3.5. High bargaining power among buyers

3.4. MARKET SHARE ANALYSIS, 2015
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Rise in number of car sales volume worldwide
3.5.1.2. Ability of system to provide real time traffic data.
3.5.1.3. Increasing demands from the dependent sectors

3.5.2. Restraints

3.5.2.1. Presence of substitutes

3.5.3. Opportunities

3.5.3.1. High penetration of wireless communication technology
3.5.3.2. Availability of advanced connectivity infrastructure

Chapter: 4 CAR GPS NAVIGATION SYSTEM MARKET, BY TYPE

4.1. OVERVIEW
4.2. HARDWARE

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. SOFTWARE

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

Chapter: 5 CAR GPS NAVIGATION SYSTEM MARKET, BY VEHICLE TYPE

5.1. OVERVIEW
5.2. PASSENGER

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. COMMERCIAL

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

Chapter: 6 CAR GPS NAVIGATION SYSTEM MARKET, BY END USER

6.1. OVERVIEW
6.2. OEM

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast

6.3. AFTERMARKET

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast

Chapter: 7 CAR GPS NAVIGATION SYSTEM MARKET, BY REGION

7.1. OVERVIEW
7.2. NORTH AMERICA

7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast

7.2.3.1. U.S.

7.2.3.1.1. Market size and forecast

7.2.3.2. Canada

7.2.3.2.1. Market size and forecast

7.2.3.3. Mexico

7.2.3.3.1. Market size and forecast

7.3. EUROPE

7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast

7.3.3.1. UK

7.3.3.1.1. Market size and forecast

7.3.3.2. Germany

7.3.3.2.1. Market size and forecast

7.3.3.3. France

7.3.3.3.1. Market size and forecast

7.3.3.4. Russia

7.3.3.4.1. Market size and forecast

7.3.3.5. Rest of Europe

7.3.3.5.1. Market size and forecast

7.4. ASIA-PACIFIC

7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast

7.4.3.1. China

7.4.3.1.1. Market size and forecast

7.4.3.2. Japan

7.4.3.2.1. Market size and forecast

7.4.3.3. India

7.4.3.3.1. Market size and forecast

7.4.3.4. Australia

7.4.3.4.1. Market size and forecast

7.4.3.5. Rest of Asia-Pacific

7.4.3.5.1. Market size and forecast

7.5. LAMEA

7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast

7.5.3.1. Latin America

7.5.3.1.1. Market size and forecast

7.5.3.2. Middle East

7.5.3.2.1. Market size and forecast

7.5.3.3. Africa

7.5.3.3.1. Market size and forecast

Chapter: 8 COMPANY PROFILES

8.1. PIONEER CORPORATION

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Product portfolio
8.1.4. Business performance
8.1.5. Key strategic moves and developments

8.2. MITSUBISHI ELECTRIC

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.2.5. Business performance
8.2.6. Key strategic moves and developments

8.3. ALPINE ELECTRONICS

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. Business performance
8.3.6. Key strategic moves and developments

8.4. TOMTOM.

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance

8.5. ROBERT BOSCH

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Business performance
8.5.6. Key strategic moves and developments

8.6. DENSO CORPORATION

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.6.5. Business performance
8.6.6. Key strategic moves and developments

8.7. CONTINENTAL AG

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Business performance
8.7.5. Key strategic moves and developments

8.8. JVCKENWOOD CORPORATION

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. Business performance
8.8.6. Key strategic moves and developments

8.9. PANASONIC CORPORATION OF NORTH AMERICA

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Business performance
8.9.6. Key strategic moves and developments

8.10. SONY CORPORATION OF AMERICA

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Product portfolio
8.10.5. Business performance
8.10.6. Key strategic moves and developments

LIST OF TABLES

TABLE 1. GLOBAL CAR GPS NAVIGATION SYSTEM MARKET, BY COMPONENT TYPE, 2017-2023 ($MILLION)
TABLE 2. CAR GPS NAVIGATION SYSTEM MARKET FOR HARDWARE TYPE SEGMENT, BY REGION, 2016-2023 ($MILLION)
TABLE 3. CAR GPS NAVIGATION SYSTEM MARKET FOR SOFTWARE TYPE, BY REGION, 2016-2023 ($MILLION)
TABLE 4. GLOBAL CAR GPS NAVIGATION SYSTEM MARKET, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 5. CAR GPS NAVIGATION SYSTEM MARKET FOR PASSENGER VEHICLE TYPE, BY REGION, 2016-2023 ($MILLION)
TABLE 6. CAR GPS NAVIGATION SYSTEM MARKET FOR COMMERCIAL VEHICLE, BY REGION, 2016-2023 ($MILLION)
TABLE 7. GLOBAL CAR GPS NAVIGATION SYSTEM MARKET, BY END-USER TYPE, 2016-2023 ($MILLION)
TABLE 8. CAR GPS NAVIGATION SYSTEM MARKET FOR OEMS, BY REGION, 2016-2023 ($MILLION)
TABLE 9. CAR GPS NAVIGATION SYSTEM MARKET FOR AFTERMARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 10. CAR GPS NAVIGATION SYSTEM MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 11. NORTH AMERICA CAR GPS NAVIGATION SYSTEM MARKET, BY COMPONENT TYPE, 2016-2023 ($MILLION)
TABLE 12. NORTH AMERICA CAR GPS NAVIGATION SYSTEM MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 13. EUROPE CAR GPS NAVIGATION SYSTEM MARKET, BY COMPONENT TYPE, 2016-2023 ($MILLION)
TABLE 14. EUROPE CAR GPS NAVIGATION SYSTEM MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 15. ASIA-PACIFIC CAR GPS NAVIGATION SYSTEM MARKET, BY COMPONENT TYPE, 2016-2023 ($MILLION)
TABLE 16. ASIA-PACIFIC CAR GPS NAVIGATION SYSTEM MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 17. LAMEA CAR GPS NAVIGATION SYSTEM MARKET, BY COMPONENT TYPE, 2016-2023 ($MILLION)
TABLE 18. LAMEA CAR GPS NAVIGATION SYSTEM MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 19. PIONEER CORPORATION: COMPANY SNAPSHOT
TABLE 20. PIONEER CORPORATION: PRODUCT PORTFOLIO
TABLE 21. MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
TABLE 22. MITSUBISHI ELECTRIC: OPERATING SEGMENTS
TABLE 23. MITSUBISHI ELECTRIC: PRODUCT PORTFOLIO
TABLE 24. ALPINE ELECTRONICS: COMPANY SNAPSHOT
TABLE 25. ALPINE ELECTRONICS: OPERATING SEGMENTS
TABLE 26. ALPINE ELECTRONICS: PRODUCT PORTFOLIO
TABLE 27. TOMTOM: COMPANY SNAPSHOT
TABLE 28. TOMTOM: OPERATING SEGMENTS
TABLE 29. TOMTOM: PRODUCT PORTFOLIO
TABLE 30. ROBERT BOSCH: COMPANY SNAPSHOT
TABLE 31. ROBERT BOSCH: OPERATING SEGMENTS
TABLE 32. ROBERT BOSCH: PRODUCT PORTFOLIO
TABLE 33. DENSO CORPORATION: COMPANY SNAPSHOT
TABLE 34. DENSO CORPORATION: OPERATING SEGMENTS
TABLE 35. DENSO CORPORATION: PRODUCT PORTFOLIO
TABLE 36. CONTINENTAL AG: COMPANY SNAPSHOT
TABLE 37. CONTINENTAL AG: OPERATING SEGMENT
TABLE 38. JVCKENWOOD CORPORATION: COMPANY SNAPSHOT
TABLE 39. JVCKENWOOD CORPORATION: OPERATING SEGMENTS
TABLE 40. JVCKENWOOD CORPORATION: PRODUCT PORTFOLIO
TABLE 41. PANASONIC CORPORATION OF NORTH AMERICA: COMPANY SNAPSHOT
TABLE 42. PANASONIC CORPORATION OF NORTH AMERICA: OPERATING SEGMENTS
TABLE 43. PANASONIC CORPORATION OF NORTH AMERICA: PRODUCT PORTFOLIO
TABLE 44. SONY CORPORATION OF AMERICA: COMPANY SNAPSHOT
TABLE 45. SONY CORPORATION OF AMERICA: OPERATING SEGMENTS
TABLE 46. SONY CORPORATION OF AMERICA: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 1. GLOBAL CAR GPS NAVIGATION SYSTEM MARKET SEGMENTATION
FIGURE 2. GLOBAL CAR GPS NAVIGATION SYSTEM MARKET OVERVIEW, 2016 & 2023
FIGURE 3. CAR GPS NAVIGATION SYSTEM MARKET, BY REGION, 2016 & 2023
FIGURE 4. TOP IMPACTING FACTORS
FIGURE 5. KEY INVESTMENT POCKETS
FIGURE 6. TOP WINNING STRATEGIES
FIGURE 7. MARKET SHARE ANALYSIS, 2015 (%)
FIGURE 8. GLOBAL CAR GPS NAVIGATION SYSTEM MARKET, BY COMPONENT TYPE
FIGURE 9. GLOBAL CAR GPS NAVIGATION SYSTEM MARKET, BY HARDWARE TYPE, 2016-2023 ($MILLION)
FIGURE 10. GLOBAL CAR GPS NAVIGATION SYSTEM MARKET, BY SOFTWARE TYPE, 2016-2023 ($MILLION)
FIGURE 11. GLOBAL CAR GPS NAVIGATION SYSTEM MARKET, BY VEHICLE TYPE
FIGURE 12. GLOBAL CAR GPS NAVIGATION SYSTEM MARKET, BY PASSENGER VEHICLE TYPE, 2016-2023 ($MILLION)
FIGURE 13. GLOBAL CAR GPS NAVIGATION SYSTEM MARKET, BY COMMERICAL VEHICEL TYPE, 2016-2023 ($MILLION)
FIGURE 14. GLOBAL CAR GPS NAVIGATION SYSTEM MARKET, BY END USER
FIGURE 15. GLOBAL CAR GPS NAVIGATION SYSTEM MARKET, BY OEMS END-USER, 2016-2023 ($MILLION)
FIGURE 16. GLOBAL CAR GPS NAVIGATION SYSTEM MARKET, BY AFTERMARKET END-USER, 2016-2023 ($MILLION)
FIGURE 17. CAR GPS NAVIGATION SYSTEM MARKET, BY REGION, 2016(%)
FIGURE 18. NORTH AMERICA CAR GPS NAVIGATION SYSTEM MARKET
FIGURE 19. U.S. CAR GPS NAVIGATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 20. CANADA CAR GPS NAVIGATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 21. MEXICO CAR GPS NAVIGATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 22. EUROPE CAR GPS NAVIGATION SYSTEM MARKET
FIGURE 23. UK CAR GPS NAVIGATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 24. GERMANY CAR GPS NAVIGATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 25. FRANCE CAR GPS NAVIGATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 26. RUSSIA CAR GPS NAVIGATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 27. REST OF EUROPE CAR GPS NAVIGATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 28. ASIA-PACIFIC CAR GPS NAVIGATION SYSTEM MARKET
FIGURE 29. CHINA CAR GPS NAVIGATION SYSTEM MARKET, 2014-2022 ($MILLION)
FIGURE 30. JAPAN CAR GPS NAVIGATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 31. INDIA CAR GPS NAVIGATION SYSTEM MARKET, 2014-2022 ($MILLION)
FIGURE 32. AUSTRALIA CAR GPS NAVIGATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 33. REST OF ASIA-PACIFIC CAR GPS NAVIGATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 34. LAMEA CAR GPS NAVIGATION SYSTEM MARKET
FIGURE 35. LATIN AMERICA CAR GPS NAVIGATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 36. MIDDLE EAST CAR GPS NAVIGATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 37. AFRICA CAR GPS NAVIGATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 38. PIONEER CORPORATION: REVENUE, 2014-2016 ($MILLION)
FIGURE 39. PIONEER CORPORATION: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 40. PIONEER CORPORATION: STRATEGY SHARE, 2014-2016 (%)
FIGURE 41. EMC: REVENUE, 2013-2015 ($MILLION)
FIGURE 42. EMC: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 43. EMC: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 44. EMC: STRATEGY SHARE, 2014-2016 (%)
FIGURE 45. ALPINE ELECTRONICS: NET SALES, 2014-2016 ($MILLION)
FIGURE 46. ALPINE ELECTRONICS: REVENUE BY PRODUCT, 2016 (%)
FIGURE 47. ALPINE ELECTRONICS: REVENUE BY GEOGRAPHY, 2016 (%)
FIGURE 48. ALPINE ELECTRONICS: STRATEGY SHARE, 2014-2016 (%)
FIGURE 49. TOMTOM: REVENUE, 2014-2016 ($MILLION)
FIGURE 50. TOMTOM: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 51. TOMTOM: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 52. ROBERT BOSCH: REVENUE, 2014-2016 ($MILLION)
FIGURE 53. ROBERT BOSCH: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 54. ROBERT BOSCH: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 55. ROBERT BOSCH: STRATEGY SHARE, 2014-2016 (%)
FIGURE 56. DENSO CORPORATION: REVENUE, 2014-2016 ($MILLION)
FIGURE 57. DENSO CORPORATION: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 58. DENSO CORPORATION: STRATEGY SHARE, 2014-2016 (%)
FIGURE 59. CONTINENTAL AG: REVENUE, 2014-2016($MILLION)
FIGURE 60. CONTINENTAL AG: REVENUE BY GEOGRAPHY 2016(%)
FIGURE 61. CONTINENTAL AG: STRATEGY SHARE, 2014-2016 (%)
FIGURE 62. JVCKENWOOD CORPORATION: REVENUE, 2014-2016 ($MILLION)
FIGURE 63. JVCKENWOOD CORPORATION: REVENUE SHARE BY BUSINESS, 2016 (%)
FIGURE 64. JVCKENWOOD CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 65. JVCKENWOOD CORPORATION: STRATEGY SHARE, 2014-2016 (%)
FIGURE 66. PANASONIC CORPORATION OF NORTH AMERICA: REVENUE, 2014-2016 ($MILLION)
FIGURE 67. PANASONIC CORPORATION OF NORTH AMERICA: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 68. PANASONIC CORPORATION OF NORTH AMERICA: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 69. PANASONIC CORPORATION OF NORTH AMERICA: STRATEGY SHARE, 2014-2016 (%)
FIGURE 70. SONY CORPORATION OF AMERICA: REVENUE, 2014-2016 ($MILLION)
FIGURE 71. SONY CORPORATION OF AMERICA: REVENUE SHARE BY BUSINESS, 2016 (%)
FIGURE 72. SONY CORPORATION OF AMERICA: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 73. SONY CORPORATION OF AMERICA: STRATEGY SHARE, 2014-2016 (%)

 

The global car GPS navigation system market is anticipated to witness considerable growth, especially in Asia-Pacific and LAMEA, owing to increased car sales volumes.

The car GPS navigation system has a wide range of applications, for instance, these systems provide real time traffic updates that can be used by fleet operators so that they can divert the route while the logistic transportation occurs. In addition, these have abilities to provide the upcoming route and assists with lane changes or complex maneuvers. High penetration of wireless communication technology is expected to fuel the car GPS navigation system market as it allows users to get the precise location of the vehicle.  

Key players tend to spend considerable amount on R&D related to GPS navigation systems. Prominent players operating in the car GPS navigation system market industry have focused toward introducing advanced in-car GPS navigation systems that are equipped with latest features.

For instance, Pioneer Corporation is aimed at enriching its map creation capabilities with enhanced features. In addition, companies such as Denso Corporation focus onto developing next generation processors that have capabilities to enable external communication at high speeds. Moreover, companies are also focusing on decreasing the driver’s distraction and enhancing the viewers’ experience. For instance, Mercedes Benz enhanced their command navigation infotainment systems these are now compatible with Android Auto and Apple CarPlay. 

 

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