The global automotive navigation systems market size is expected to reach USD 56.91 Billion in 2030 and register a revenue CAGR of 7.3% over the forecast period, according to latest analysis by Emergen Research. Growth of automotive industry, increased traffic congestion, rising adoption of automotive Global Positioning System (GPS) navigation systems, rising population, rising demand for real-time traffic data, and rising investment in the development of automotive infrastructure in emerging countries are key factors expected to support market revenue growth between 2022 and 2030. There has been an increase in demand for navigational accuracy over the last few years. Moreover, GPS technology has progressed significantly in the last few years, making rides much easier and safer.
The study further offers a comprehensive assessment of the revenue generated by the various segments across different regions for the forecast period, 2022 to 2030. To help business owners gain a thorough understanding of the current momentum the research taps hard to find data on aspects including but not limited to demand and supply, distribution channel and technology upgrades. Most importantly, evaluation of stringent rules and regulations and government initiatives shaping the progress of the Automotive Navigation Systems industry offers an understanding of what is in store for the business owners in the years to come.
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The leading market contenders listed in the report are:
TomTom International BV., Mitsubishi Electric Corporation, Continental AG, Pioneer Corporation, Telenav Inc., NNG Software Developing and Commercial Llc., Robert Bosch GmbH, ALPINE ELECTRONICS, Inc., Renault Group, and Ford Motor Company
Key reasons to buy the Global Automotive Navigation Systems Market report:
- The latest report comprehensively studies the global Automotive Navigation Systems market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Market Segmentations of the Automotive Navigation Systems Market
Device Type Outlook (Revenue, USD Billion; 2019–2030)
- In-Dash Navigation Systems
- Portable Navigation Devices (PNDs)
- Mobile Navigation Systems
Vehicle Type Outlook (Revenue, USD Billion; 2019–2030)
- Passenger Cars
- Commercial Vehicles
Sales Channel Outlook (Revenue, USD Billion; 2019–2030)
- OEM
- Aftermarket
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Regional Outlook of the Automotive Navigation Systems Market
The global Automotive Navigation Systems market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Automotive Navigation Systems market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key reasons to buy the Global Automotive Navigation Systems Market report:
- The latest report comprehensively studies the global Automotive Navigation Systems market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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