Press release
Car GPS Navigation System Market Share Set For Broad Growth By 2023 With Top Key Players Like Pioneer Corporation,Mitsubishi Electric,Alpine Electronics,TomTom,Robert Bosch
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Key Players:
• Pioneer Corporation
• Mitsubishi Electric
• Alpine Electronics
• TomTom
• Robert Bosch
• Denso Corporation
• Continental AG
• JVCKENWOOD Corporation
• Panasonic Corporation
• Sony Corporation
Rise in number of vehicle sales worldwide drives the market. Moreover, integration of connected devices such as smartphones with in-vehicle systems (IVS) along with increase in demand for advanced car navigation systems from end users is anticipated to accelerate the market growth. However, huge presence of substitutes and lack of connectivity infrastructure in emerging countries are anticipated to hinder the market growth. The high penetration of wireless communication technology and availability of advanced telecom infrastructure brings different growth opportunities in the market.
The global car GPS navigation system market is segmented on the basis of component type, car type, end user, and region. Based on component type, it is bifurcated into hardware and software. The car type segment includes passenger and commercial. On the basis of end user, the market is divided into OEM and aftermarket. The passenger car type dominated the market in 2016.
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Competitive scenario:
The study assesses factors such as segmentation, description, and applications of Car GPS Navigation System industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.
Major highlights of the report:
• An all-inclusive evaluation of the parent market
• The evolution of significant market aspects
• Industry-wide investigation of market segments
• Assessment of the market value and volume in the past, present, and forecast years
• Market share evaluation
• Study of niche industrial sectors
• Tactical approaches of the market leaders
• Lucrative strategies to help companies strengthen their position in the market.
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Sameer Joshi
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