Car GPS Navigation System Market receive signals from navigation satellites, which assist in vehicle tracking and positioning. These signals are received from multiple satellites thereby helping in precise positioning of the vehicle. The car GPS navigation system includes range of functionalities such as record, save music, and operate climate control functions (if equipped in car). The GPS navigation systems are largely used by transportation and logistics industry. The ability of navigation systems to provide real time traffic data thereby assisting large number of logistic and fleet operators fuel the market. In addition, increase in demands from dependent sectors further propels the market growth. Moreover, rise in car sales worldwide is projected to fuel the growth. However, costs versus functionalities given by these systems restrain the market. In addition, the presence of substitutes to aftermarket navigation systems and the cost versus functionality given by these systems restrain the market. The availability of advanced telecom infrastructure and penetration of wireless communication technology makes way for market growth opportunities. Market Analysis and Insights: Global Car GPS Navigation System Market The global Car GPS Navigation System market size is projected to reach US$ 1112.5 million by 2027, from US$ 788 million in 2020, at a CAGR of 4.6% during 2021-2027. With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Car GPS Navigation System market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Car GPS Navigation System market in terms of revenue. On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Car GPS Navigation System market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Car GPS Navigation System market. Global Car GPS Navigation System Scope and Market Size Car GPS Navigation System market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Car GPS Navigation System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027. Segment by Type Hardware Software Segment by Application Passenger Car Commercial Car By Region North America U.S. Canada Europe Germany France U.K. Italy Russia Nordic Rest of Europe Asia-Pacific China Japan South Korea Southeast Asia India Australia Rest of Asia Latin America Mexico Brazil Rest of Latin America Middle East & Africa Turkey Saudi Arabia UAE Rest of MEA By Company Pioneer Corporation Mitsubishi Electric Alpine Electronics TomTom Robert Bosch Denso Corporation Continental AG JVCKENWOOD Corporation Panasonic Corporation Sony Corporation
1 Report Overview 1.1 Study Scope 1.2 Market Analysis by Type 1.2.1 Global Car GPS Navigation System Market Size Growth Rate by Type: 2016 VS 2021 VS 2027 1.2.2 Hardware 1.2.3 Software 1.3 Market by Application 1.3.1 Global Car GPS Navigation System Market Share by Application: 2016 VS 2021 VS 2027 1.3.2 Passenger Car 1.3.3 Commercial Car
