Global Automotive Navigation System Market
Automotive Navigation System Market Size And Forecast
According to Verified Market Research, Global Automotive Navigation System Market is growing at a CAGR of 6.95% from 2019 to 2026.
Global Automotive Navigation System Market Outlook
The growing production of automobiles coupled with the rise in the number of accidents is anticipated to support the growth of the market. increasing consumer demand for the efficient navigation system, stringent regulation, and the growing use of navigation system by logistic & e-commerce sector are some of the factors that are expected to propel the growth of the market over the forecast period. However, the availability of low-cost substitutes such as smartphones GPS and portable GPS systems is likely to hinder the growth of the market. moreover, rising concerns related to the traffic congestion in urban regions coupled with the rising demand for better in-dash features are some of the major factors that may fuel the growth of the market.
Global Automotive Navigation System Market Competitive Landscape
The Global Automotive Navigation System Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Alpine Electronics Inc., Harman International Industries Inc., Denso Corporation, Clarion Co. Ltd., Continental AG, Aisin AW Co. Ltd., TomTom International BV, JVC Kenwood Corporation, Panasonic Corporation, and Mitsubishi Electric Corporation.
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