MarkNtel Advisors recently published a detailed industry analysis of the Global Automotive Navigation System Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Automotive Navigation System Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027
The Automotive Navigation System Market is projected to grow at a CAGR of around 8% during the forecast period, i.e., 2022-27.
Impact of Covid-19 on the Global Automotive Navigation System Market
The advent of Covid-19 in 2020 had a catastrophic effect on most industries globally, and the Automotive Navigation System Market was no exception. While governments of different countries worldwide imposed stringent restrictions & lockdowns to curb the spread of this dreadful disease, the leading players in the market witnessed several unprecedented challenges like shortage of raw materials & labor, owing to supply chain disruptions.
Moreover, several research & development projects & manufacturing units witnessed a temporary halt, which, in turn, led to massive revenue losses for the leading players. In addition, the transportation & logistic sector was also adversely affected, which resulted in delays & cancellation of pre-produced goods and a swift decline in the market growth.
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What segments define the Global Automotive Navigation System Market from 2022 to 2027? How do these segments contribute to market dynamics and growth?
- By Vehicle Type
- Passenger Car
- Commercial Car
According to report, Amongst both, Passenger cars dominated the Global Automotive Navigation Market with the largest share, and the same trend is likely during 2022-27. It owes principally to the growing inclination of the people toward private ownership of vehicles due to their improving purchasing power, i.e., instigating automakers to expand their production capacities for passenger cars. As a result, it is positively impacting the demand for automotive navigation systems. Besides, with this expanding passenger car fleet worldwide, the need for technologically advanced features is also rapidly accelerating, i.e., leading to the burgeoning demand for portable or in-built navigation systems for passenger cars for more accurate real-time data and convenience.
On the other hand, commercial cars are anticipated to display the fastest market growth over the forecast years. It attributes principally to surging commercial activities worldwide, such as construction, mining, transportation, & logistics, i.e., augmenting the demand for trucks & buses and, in turn, promoting the deployment of navigation systems for updated maps, accurate navigation turn-by-turn directions, voice-to-text capabilities, & accessible inputs for driver assistance.
- By Distribution Channel
- OEMs
- Aftermarket
- By Device Type
- In- Dash Navigation System
- Portable Navigation System
Explore the Complete Global Automotive Navigation System Market Analysis Report –
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Geographical Analysis: Global Automotive Navigation System Market
By Region
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Others
- Europe
- Italy
- France
- United Kingdom
- Russia
- Germany
- Spain
- Others
- Middle East & Africa
- Iran
- Saudi Arabia
- UAE
- South Africa
- Others
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Thailand
- Philippines
- Malaysia
- Vietnam
Global Automotive Navigation System Market Share & Competitive Landscape:
The Automotive Navigation System Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Automotive Navigation System Market are:
- Samsung
- MediaTek
- Texas Instruments
- Denso Corporations
- Delphi Automotive Plc
- Clarion Corporation
- Alpine Electronics, Inc.
- Garmin
- Mitsubishi Electric Corporation
- Harman International Industries Inc
Questions Addressed in this Study
1.What factors are driving the Global Automotive Navigation System Market growth?
2.How is the Global Automotive Navigation System Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Automotive Navigation System Market?
4.What is the current size of the Global Automotive Navigation System Market, and how is it projected to change in the future?
6.What is the future outlook for the Global Automotive Navigation System Market in terms of technological advancements and market expansion?
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Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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