North America Automotive Navigation System Market - Growth, Trends, and Forecasts (2020 - 2025)
|出版商||Mordor Intelligence Pvt Ltd||商品編碼||964848|
|出版日期||內容資訊||英文 80 Pages
|北美的汽車用導航系統市場-成長，趨勢，及預測(2020年∼2025年) North America Automotive Navigation System Market - Growth, Trends, and Forecasts (2020 - 2025)|
|出版日期: 2020年08月01日||內容資訊: 英文 80 Pages||
The North America Automotive Navigation Systems Market is anticipated to register a CAGR of about 6.28% during the forecast period (2020 - 2025).
GPS largely use in E-commerce and Online Cab Booking services
The primary features of an automotive navigation system is to integrate real-time data, map updates, and smartphone integration. With the growing accessibility to the internet through mobile phones, manufacturers are opting for all built in functions of an in-vehicle GPS in users smartphone system itself while keeping the costs low.
Easy access and favorable government policies will drive the growth of this market
The growth of market is not just limited to a shift in consumer demand but government regulations as well. In 2019, North America led the Navigation System market with a market share of 31%. With 75% being passenger cars which contribute towards 60% market revenue of the navigation systems markets
Moreover, many North American governments are mandating fleet management by using GPS systems. With the law in action every new car would require 3G/4G enabled GPS system. GPS installed in vehicles can help locate a crash to carry out on-sit or off-site investigation. For instance, in an event of a crash, sensor technology can be used to gather data on weather, pavement condition, and traffic volumes and speeds. All this data can be transmitted remotely as well.
Additionally, GPS help local government organizations survey its road and highway networks, by identifying the location of features on the road networks. These include emergency services, maintenance, service stations and other information related to the road system, etc. This information serves can be accesses in the form later purposes. This database provide with the knowledge which can help local or state transportation agencies reduce additional maintenance and service costs, while enhancing the safety of drivers using the roads
The market is experiencing a study growth over the last few years. The market remains ever evolving with newer technology and favorable government regulations. For instance, in January 2018, Amazon partnered with Garmin company to integrate Alexa voice-assistant into its navigation systems functionalities.
However, the market remains consolidated with already existing players over the past decade. The key players in the North America Automotive Navigation System Market are Alpine Electronics, Aisin Aw Co.Ltd, Continental AG, Clarion, Pioneer, Mitsubishi Electric Corporation, Garmin and Denso Corporation