Global Automotive Navigation System Market - Growth, Trends and Forecasts (2017 - 2022)

Published - Feb 2017 | Category - Automobile & Transportation | No. of Pages - 210 | Published By - Mordor Intelligence

Report Highlights

The automotive navigation system is a satellite navigation system design which uses GPS (Global Positioning System) in automobiles. In 1995, Mitsubishi Electric introduced an original route-guidance system.

GPS is a radio positioning system that combines computer mapping techniques to offer three-dimensional positions namely time, information and velocity to suitably equip the users anywhere on or near the surface of the earth. GPS is one of the key developments and innovations of the wireless telecommunication industry. It is a significant tool for land surveying and map-making and has become an imperative global utility essential for modern navigation on sea, land and air. Nowadays, automotive navigation systems use GPS to acquire position data and to locate the user on a road in the unit's map database. Navigation systems offer advanced functionalities such as a map view (rotating with the automobile), schematic pictograms, distance and functions for voice prompts.

The global market for automotive navigation systems is estimated to grow at a CAGR of over 7.91 % till 2022. Shifts in consumer demand, increasing availability of data and information and expanded regulatory requirements are the key factors boosting the growth of automotive navigation systems market. In addition, technological advancements in these systems are expected to drive the navigation systems market during the estimate period.

The North American automotive industry is leading in terms of production as well as sales. The Asia-Pacific region was the largest market for automotive navigation systems till 2015, followed by North America and Western Europe. In addition, the Asia-Pacific region is projected to become the key market for the manufacture of navigation systems with Japan, India and China dominating the global vehicle production - China produced ~25%, while Japan and India had ~10% and ~5% of the global vehicle production respectively in 2014.

The global automotive navigation systems market is categorized in terms of technology, components, application and region. On the basis of types of technology, the market is segmented into:

Navigation Data Standard (NDS)
Real-time data
Short Message Service (SMS) and others.
Further, the components of automotive navigation systems are:

Maptech Navigator
12" LCD Display
Operational data
Touch Screen and others.
The global automotive navigation systems market is highly competitive as some of the key participants are:

Alpine Electronics Inc.
Bose Corp.
Continental AG
Denso Corp.
Fujitsu Ten Ltd.
Harman International Industries Inc.
Mitsubishi Electric
Panasonic Corp.
Pioneer Corp.
What the Report Offers

This report on global navigation systems market analyzes the current market trends on a global and regional scale in detail.
This report offers the technical aspects and economic data of the market and its forecast for the next 5 years (2015-2020).
It also discusses the latest technologies in the navigation systems that are under development and in the research pipeline.
This report provides a list of the major players in the market and gives an in depth analyst perspective of what makes the products and strategies of these players stand out.
 

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