Global In-Dash Navigation System Market is Projected to Showcase Tremendous CAGR of 10% over the forecast period - Techsci Research


Posted February 6, 2019 by James_Smith

The Asia-Pacific in-dash navigation system market is predicted to account for a considerable portion of the global in-dash navigation market during the forecast period.

 
Global in-dash navigation system market size is projected to grow at a CAGR of over 10% until 2024 due to the growing demand for luxury vehicles globally, growing demand for advance technical features in the vehicle and increasing real time traffic updates software in the vehicle. Moreover, increasing demand for light weight vehicle components and increasing vehicle production are some of the other factors that drives the in-dash navigation system market. In terms of technology, 2D maps category accounted for the largest share among the technology types in 2019 and it is expected to dominate the in-dash navigation market among all the technology type throughout the forecast period as well.

The Asia-Pacific in-dash navigation system market is predicted to account for a considerable portion of the Global In-Dash Navigation Market during the forecast period. The growth of the Asia-Pacific in-dash navigation system market is mainly attributable to the increasing vehicle production in the developing economies of the Asia-Pacific region, such as India, China and Japan. Furthermore, increasing number of vehicles on road in the developing economies will also lead to increase in demand real time traffic and weather information, which will further boost the demand for in-dash navigation systems.

Some of the major key players operating in In-Dash Navigation System are Harman International Industries Inc., Alpine Electronics, Inc., Mitsubishi Electric Corporation, Pioneer Corporation, TomTom N.V., Denso Corporation, Robert Bosch GmbH, Garmin Ltd., Continental AG, Aptiv PLC among others.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major players operating in global in-dash navigation system market.

TechSci Research calculated the market size of global in-dash navigation system market using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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Issued By Ken Mathews
Country United States
Categories Automotive , Business , News
Tags global indash navigation system market , indash navigation system market , indash navigation system market analysis , indash navigation system market demand , indash navigation system market forecast , indash navigation system market growth , indash navigation system market news , united states indash navigation system market
Last Updated February 6, 2019