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Automotive Navigation System Market to Witness CAGR of 8% (2021-2027) On Account of Increasing Traffic Congestion in Urban Areas and Advances In Navigation System| UnivDatos Market InsightsNOIDA, India, Nov. 15, 2022 /PRNewswire/ -- According to a new report published by UnivDatos Markets Insights, the Automotive Navigation System Market was valued at USD 28 billion in 2020 and is expected to witness a robust CAGR of around 8% during the forecast period 2021-2027. The analysis has been segmented into Sales Channel (passenger cars and commercial vehicles); Vehicle Type (OEM and Aftermarket); Region/Country.
https://univdatos.com/report/automotive-navigation-systems-market/ The Automotive Navigation System market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Automotive Navigation System market. The Automotive Navigation System market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Automotive Navigation System market at the global and regional levels. Request for Sample Pages https://univdatos.com/get-a-free-sample-form-php/?product_id=23081 Market Overview Navigation systems help the driver of a vehicle to locate a particular destination and identify the best route for getting to that destination. Most automotive navigation systems use Global Positioning System (GPS) signals and electronic maps to identify the vehicle's current position relative to the desired destination. Advances in navigation system technology coupled with the increasing concerns related to the problem of traffic congestion, particularly in urban areas, and changing consumer behavior, towards better in-dash features. Thus, driving the market for automotive navigation system significantly. Some of the major players operating in the market include DENSO Corporation, Harman International Industries Inc., Clarion Co. Ltd, Continental Reifen Deutschland GmbH, Aisin AW Co. Ltd, TomTom International BV, JVC Kenwood Corporation, Panasonic Corporation, Mitsubishi Electric Corporation. COVID-19 Impact The COVID-19 pandemic has Impacted the global supply chain of semiconductor chips which are heavily used in the hardware of navigation devices, which forced the manufacturers to remove all the high-end features from the device, which made it very basic. However, heavy adoption of electric vehicles is expected to aid in the growth of the Navigation systems market in the forthcoming years. The global Automotive Navigation System market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
Have a Look at the Chapters- https://univdatos.com/report/automotive-navigation-systems-market/ Automotive Navigation System Market Geographical Segmentation Includes:
The Asia Pacific is a prominent region in the global automotive navigation systems market and is expected to account for a substantial market share during the forecast period. The presence of large manufacturers in the region, growing urbanization, rising income, and increasing consumer demand are acting as growth catalysts for the industry. Furthermore, the region experienced rapid smartphone adoption, which has given rise to smartphone integration with automotive navigation systems with China and India being the key automotive navigation systems market in this region. The major players targeting the market include
Competitive Landscape The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Automotive Navigation System Market. The major players have been analyzed by using research methodologies for getting insight views on global competition. Key questions resolved through this analytical market research report include:
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Automotive Navigation System Market Report Coverage
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients. Contact UnivDatos Market Insights Logo: https://mma.prnewswire.com/media/1225049/UnivDatos_Logo.jpg |