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NEW YORK , Aug. 31, 2022 /PRNewswire/ -- The "Car GPS Navigation System Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026" report has been added to Technavio's offering. According to the report, the market size will grow by USD 12.30 billion between 2021 and 2026, expanding at a CAGR of 12.09% during the forecast period. The analysts at Technavio have considered various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download Sample PDF Report Here
The global car GPS navigation system market is fragmented and is highly competitive. It has the presence of several key vendors such as Alps Alpine Co. Ltd., Continental AG, Garmin Ltd., JVCKENWOOD Corp., Mitsubishi Electric Corp. and others. Other prominent vendors in the market include DENSO TEN Ltd., Apple Inc., RM Acquisition LLC and others. These vendors have established a sizeable market presence. Key vendors in the market are cited to be innovating their product portfolios to several vehicle variants, depending on cost constraints. Also, vendors are adopting various strategies to gain market share.
Although the growing advancement in the automotive industry will offer immense growth opportunities, the decline in car production due to global semiconductor chip shortage will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Sample Report Here
The global car GPS navigation system market is segmented as below:
The software and services segment accounted for the largest share of the market. The introduction of IVS in entry-level vehicles is driving the growth of the segment.
APAC will emerge as the key market, occupying 30% of the global market share. The increasing adoption of commercial, electric, and hybrid vehicles is driving the growth of the regional market. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our car GPS navigation system market report covers the following areas:
We provide a detailed analysis of around 25 vendors operating in the Car GPS navigation system market. Backed with competitive intelligence and benchmarking, our research report on the car GPS navigation system market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Car GPS Navigation System Market Scope
Accelerate at a CAGR of 12.09%
Europe, North America, APAC, Middle East and Africa, and South America
US, China, Japan, Germany, and France
Leading companies, competitive strategies, consumer engagement scope
Alps Alpine Co. Ltd., Apple Inc., Continental AG, DENSO TEN Ltd., Garmin Ltd., JVCKENWOOD Corp., Mitsubishi Electric Corp., NNG Software Developing and Commercial Llc., Panasonic Corp., Pioneer Corp., Renault sas, RM Acquisition LLC, Robert Bosch GmbH, Telenav Inc., TomTom International BV, and Ford Motor Co.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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