The report offers detailed coverage of Car Navigation and ITS industry and main market trends. Automotive navigation system market can be classified as OEM dominated market and aftermarket players by end-user type. OEM products refer to the factory fitted equipment that comes along with the new vehicle, while the aftermarket refers to the equipment installed by the customer either from a company service center or a third party store post the delivery of the vehicle. There are many advantages while getting a factory installed navigation system like warranty, durability, updates, looks, etc. Among these factors, the appearance and visibility are the key factors influencing the factory installed navigation systems popularity. These factors can be effectively achieved by OEM\'s or built-in navigation systems. Aftermarket segment witnessed a considerable spike in the developing markets of the Asia-Pacific and South American countries over the past 3 years.
Rise in number of vehicle sales worldwide drives the market. Moreover, integration of connected devices such as smartphones with in-vehicle systems (IVS) along with increase in demand for advanced car navigation systems from end users is anticipated to accelerate the market growth. However, huge presence of substitutes and lack of connectivity infrastructure in emerging countries are anticipated to hinder the market growth. The high penetration of wireless communication technology and availability of advanced telecom infrastructure brings different growth opportunities in the market
The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Car Navigation and ITS by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Car Navigation and ITS market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2028.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
First, this report covers the present status and the future prospects of the global Car Navigation and ITS market for 2015-2028.
In this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Pioneer Corporation
Mitsubishi Electric
Alpine Electronics
TomTom
Robert Bosch
Denso Corporation
Continental AG
JVCKENWOOD Corporation
Panasonic Corporation
Sony Corporation
At the same time, we classify Car Navigation and ITS according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market by Order Type
Passenger
Commercial
Market by Application
OEM
Aftermarket
Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Car Navigation and ITS market for the forecast period 2021 - 2028?
• What are the driving forces in the Car Navigation and ITS market for the forecast period 2021 - 2028?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Car Navigation and ITS industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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