With the amplified production of vehicles coupled with rising installation in economy passenger cars, the demand for navigation systems is mushrooming across the globe. Further, with the expansion of cities and rising traffic the usage of the navigation system for real-time traffic monitoring, is propelling the demand for navigation systems. With the rapid expansion of roads and highways networks across Asia-Pacific, Middle East, Latin America is also contributing towards the deployment of navigation systems in automobiles.
According to MarkNtel Advisors,’ these series of events are acting as an opportunity area for automotive navigation systems suppliers such as are Samsung, MediaTek, Texas Instruments, Denso Corporations, Delphi Automotive Plc, Clarion Corporation, Alpine Electronics, Inc., Garmin, Mitsubishi Electric Corporation and Harman International Industries Inc. among others.
According to MarkNtel Advisors’ research report “Global Automotive Navigation System Market Industry Analysis, 2020”, the CAGR of automotive navigation is expected to be around 8% during 2020-25. Asia-Pacific is witnessing considerable growth in recent years due to the presence of the OEMs. Countries in Asia-Pacific such as India, China, and Japan have a high potential for growth. These countries are not only the manufacturers and exporters of automobiles but also have a tremendous domestic market for increasingly looking for better IT functionalities in their vehicles. The manufacturers are constantly trying to develop services such as mobility management, tire monitoring and, navigation technology.
According to MarkNtel Advisors, owing to the increasing competition in the emerging markets such as Asia-Pacific, India, China and, Japan it is a lucrative market for navigation systems. Travelport was launched by Blaupunkt in India in 2014.
All the major automakers have collaborated with OEMs for navigation systems. Harman is the leading OEM provider that gives four years’ warranty with large units installed in the BMW X series and Mercedes SLK BMW provides 10 inches’ screen navigation system with a 1.3 GHz processor with a built-in 3D graphics that permits smooth browsing and scrolling. Moreover, the navigation system has become a key component of infotainment systems the high-end cars such as Blue-ray/DVD players, navigation systems, traffic management control installed by the Audi’s MMI, Volvo's Sensus Connect and Hyundai’s Blue Link.
Asia-Pacific to become a Key Player in Navigation Systems during 2020-25
Asia-Pacific is to become a key market with China, India and, Japan to be the major manufacturing countries. The penetration rate is medium in the region but is anticipated to grow at the fastest pace in the forthcoming years. Europe and North America are mature markets for navigation systems and the penetration rate is highest in these regions. Manufacturers in Europe are investing and trying to develop disruptive technology to provide sophisticated services.
For Instance: TomTom a navigation service provider, entered into a partnership with Robert Bosch to offer digital mapping services, driverless cars where auto manufacturers and suppliers of parts are involved in proving GPS systems in vehicles.
“Global Automotive Navigation System Market Industry Analysis, 2020”, provides comprehensive qualitative and quantitative insights on the industry potential, key factors such as trends, drivers, hotspots and opportunities and challenges available for automotive ventilation seat providers across the globe. Moreover, the report also encompasses the key leading players in the industry, along with competitive benchmarking and competition matrix and company profiling.
1. By Vehicle Type (Passenger cars and commercial vehicles)
2. By Demand Type (OEMs and Aftermarket, Factory Fitted, Personal Navigation Device, and Smartphones/Tablets)
3. By Device Type (In-Dash Navigation System and Portable Navigation System)
4. By Regions (North America, South America, Europe, Middle East, Africa, and Asia-Pacific)
5. By Countries (US, Canada, Mexico, Brazil, Spain, France, Germany, Italy, Russia, United Kingdom, Saudi Arabia, UAE, Iran, Israel, South Africa, China, India, Japan, South Korea, Indonesia, Thailand, Philippines, Malaysia, Vietnam, and Australia)
6. By Competitors (Samsung, MediaTek, Texas Instruments, Denso Corporations, Delphi Automotive Plc, Clarion Corporation, Alpine Electronics, Inc., Garmin, Mitsubishi Electric Corporation, Harman International Industries Inc.)
Key questions answered in the study:
1. What are the current and future trends of the global automotive navigation systems market?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. What are the future plans and customer expectations of end-users across the globe?
4. How the competition has been shaping across the countries followed by their comparative factorial indexing?
5. What are the key growth drivers and challenges for the global automotive navigation systems industry?
6. What are the customer orientation, purchase behavior, and expectations from global automotive navigation systems suppliers across various regions?