The analysts forecast global automotive navigation systems market to grow at a CAGR of 5.20% during the period 2018-2022. One trend in the market is increased support for open source and standard platforms for application development in automotive infotainment.
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Traditionally, competition among automotive manufacturers was limited to towing capacity, acceleration, and horsepower of the vehicle.
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But, recently, there has been a shift in the focus of consumers and OEMs from what is under the hood to what is behind the vehicle's dashboard.
Major key players in the global automotive navigation systems market: Garmin, HERE, NNG Software Developing and Commercial, Pioneer Corporation, and TomTom International.
According to the report, one driver in the market is increased customer awareness about the benefits of automotive navigation systems in the overall ownership cost reduction. For any end-user, the main concern with vehicle management is the overall running cost of the vehicle.
The navigation system vendors promise reduced running costs as a benefit of using their personal navigation systems in vehicles.
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Further, the report states that one challenge in the market is product life cycle mismatch of infotainment-based navigation systems with passenger's smartphones. Technological advances in vehicles often take years to get commercialized.
Therefore, automobile manufacturers and automotive infotainment manufacturers are not able to match up with the pace of smartphone updates.
Few Points from List of Exhibits Provided in Global Automotive Navigation Systems Market 2018-2022:
Exhibit 1: Types of personal navigation systems
Exhibit 2: Navigation system industry: Classifications and key players
Exhibit 3: Related market
Exhibit 4: Value chain representation of global automotive navigation market 2017
Exhibit 5: Market characteristics
Exhibit 6: Market segments
Exhibit 7: Market definition - Inclusions and exclusions checklist
Exhibit 8: Market size 2017
Exhibit 9: Validation techniques employed for market sizing 2017
Exhibit 10: Global automotive navigation systems market 2017-2022 (million units)
Exhibit 11: Global automotive navigation systems market Year-over-year growth 2018-2022 (%)
Exhibit 12: Five forces analysis 2017
Exhibit 13: Five forces analysis 2022
Exhibit 14: Bargaining power of buyers
Exhibit 15: Bargaining power of suppliers
Exhibit 16: Threat of new entrants
Exhibit 17: Threat of substitutes
Exhibit 18: Threat of rivalry
Exhibit 19: Market condition - Five forces
Exhibit 20: Technology Market share 2017-2022 (%)
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