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Automotive advance car navigation system: Introduction

  • The automotive navigation system is a part of the vehicle control unit, which helps the driver to navigate to his or her desired destination. Currently, around 20% of new roads are being built every year, speed limits are changing, and street names are being renamed. The advance car navigation system is an efficient approach to help the driver navigate around the world, and ensure maps mirror the world in the face of constant change.
  • Rise in penetration of advance car navigation systems in vehicles is attributed to an increase in technological advances in vehicle navigation system, which enables drivers to roam around the world without the need to carry area-specific maps.

Key drivers of global automotive advance car navigation system market

  • Data regulations enacted across diverse industries including health care, banking, and insurance and demand for safety are boosting the demand for automotive advance car navigation system globally
  • Advancements in vehicle navigation system technologies is likely to boost the automotive advance car navigation system market. Such developments in vehicle navigation system based on global positioning system (GPS), mobile smartphones and tablets, and IoT devices are driving the adoption of automotive advance car navigation system, which in turn is boosting the global market.

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Asia Pacific to hold prominent share of automotive advance navigation system

  • Key global players, such as Garmin and Alpine Electronics, have presence in Asia Pacific, which is also expected to propel the demand for automotive vehicle navigation system. New entrants in the automotive market in China, India, Japan, and South Korea are likely to influence research and development on the vehicle navigation system in the automotive market in Asia Pacific.
  • Several free-trade agreements between Europe-Asia and UAS-Asia have resulted in economic growth of counties such as India, China, Malaysia, and South Korea in Asia Pacific, which has boosted the disposable income and living standards of the population in the region. This, in turn, is shifting consumer preference toward owning a vehicle that is equipped with advance navigation system.
  • Automakers are focused more on enhancing security and safety of vehicles in order to cater to a rise in consumer demand for safer and secure vehicles. The factors mentioned above drive the global market for automotive advance car navigation system; however, lack of stringent global regulations and vehicle standards still pose a challenge for automakers. Absence of such standards fails to guarantee the life of automotive advance car navigation system.

Key players operating in global automotive advance car navigation system market

The automotive advance car navigation system market is highly concentrated owing to the presence of top manufacturers. A few of the key players operating in the automotive advance car navigation system market are:

  • Garmin Corporation
  • Pioneer Electronics Pvt Ltd.
  • Alpine electronics Ltd.
  • Fujitsu Pvt Ltd.
  • Ford Motors Pvt Ltd.
  • Apple Inc.
  • Mitsubishi Electronics Ltd.
  • TOMTOM International
  • Kenwood corporation
  • Stanley Electric Co Ltd.

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Global Automotive Advance Car Navigation System Market: Research Scope

Global Automotive Advance Car Navigation System Market, by Vehicle Type

  • Passenger Vehicle
    • Hatchback
    • Sedan
    • MPV
    • MUV
    • SUV
  • Commercial Vehicle
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle

Global Automotive Advance Car Navigation System Market, by Component

  • Display
  • ECU
  • Antenna
  • Wiring Harness
  • Sensors

Global Automotive Advance Car Navigation System Market, by Connectivity

  • 4G
  • 5G
  • Bluetooth
  • Wi-Fi

Global Automotive Advance Car Navigation System Market, by Technology

  • 3D Maps
  • 2D Maps
  • HD Maps

Global Automotive Advance Car Navigation System Market, by Satellite System

  • GPS
  • GNSS

Global Automotive Advance Car Navigation System Market, by Autonomous

  • Fully Autonomous Vehicle
  • Semi-Autonomous Vehicle

Global Automotive Advance Car Navigation System Market, by Sales Channel

  • OEMs
  • Aftermarket

Global Automotive Advance Car Navigation System Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Automotive Advance Car Navigation System Market

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