? ne of the most critical systems in an automobile for directing the driver when driving is the navigation system. It not only organises vehicle movement but also provides information on hotels, gas stations, route choices, traffic highlights, and commute time. The navigation system also includes Bluetooth and Wi-Fi networking, allowing drivers to use a variety of functions such as audio, hands-free calling and messaging, and more.
MARKET SCOPE
The "Global Vehicle Navigation System Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Vehicle Navigation System market with detailed market segmentation by component, vehicle type, and geography. The report provides key statistics on the market status of the leading Vehicle Navigation System market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on component, the global Vehicle Navigation System market is segmented into software and hardware.
? On the basis of vehicle type, the market is segmented into commercial and passanger.
MARKET DYNAMICS
Drivers:
? The integration of smartphones with IVS (in-vehicle systems).
? Adoption of smartphone has increased and this is expected to surge the demand for smartphone/tablet-based navigation devices.
? Increased consumer demand for wireless connectivity and mobile internet with high level of penetration of smartphones and tablets.
Restraints
? High cost of the navigation system, and the availability of low-cost substitutes such as smartphones GPS and portable GPS systems.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Vehicle Navigation System market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Vehicle Navigation System market in these regions.
IMPACT OF COVID-19 ON VEHICLE NAVIGATION SYSTEM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Vehicle Navigation System market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Vehicle Navigation System market are anticipated to lucrative growth opportunities in the future with the rising demand for Vehicle Navigation System in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Vehicle Navigation System market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Alpine Electronics Inc.
? Denso Corporation
? Garmin Ltd
? JVC KENWOOD Corporation
? LUXOFT
? Mitsubishi Electric Corporation
? Pioneer Corporation
? Robert Bosch GmbH
? Telenav
? TomTom International BV
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.