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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.
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
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Top Leading Market Players:
1. Alpine Electronics, Inc.
2. Continental AG
3. Denso Corporation
4. JVCKENWOOD Corporation
5. Mitsubishi Electric Corporation
6. Panasonic Corporation
7. Pioneer Corporation
8. Robert Bosch GmbH
9. Sony Corporation
10. TomTom International BV
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.
The Vehicle Navigation Systems Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
The Vehicle Navigation Systems Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
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What our report offers:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Vehicle Navigation Systems Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Vehicle Navigation Systems, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
This post was originally published on Industry Updates Daily