At a CAGR of 14.51% Global Automotive Personal Navigation Systems Industry Will Grow Steadily During the Period 2016-2020

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Albany, NY -- (SBWire) -- 01/06/2017 --The automotive industry is seeing structural changes since the past decade in the form of engine downsizing, electrification of automotive mechanism, emission regulations, and enhanced connectivity and safety. Among these innovations, connectivity plays a disruptive role in the traditional automotive value chain with various non-automotive players flooding into the market with new connected technologies, and at the same time, traditional automotive players are embracing this structural paradigm. One such technology that has seen widespread adoption is the navigation system integrated with the aid of GPS that provides riders with real-time maps and directions on the road.

Technavios analysts forecast the global automotive personal navigation systems market to grow at a CAGR of 14.51% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive personal navigation systems market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Technavio's report, Global Automotive Personal Navigation Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Alpine Electronics
Garmin
Pioneer
TomTom

Other prominent vendors
Aisin Seiki
Apple
BMW
Clarion
Daimler
Denso
Ford
Fujitsu Ten
GM
Kenwood
Microsoft
Mitsubishi Electric
Panasonic

Market driver
Increased customer awareness about the benefits of automotive navigation systems in overall ownership cost reduction.
For a full, detailed list, view our report

Market challenge
Escalating consumer expectations: Increasing the complexity.
For a full, detailed list, view our report

Market trend
Escalating consumer expectations: Increasing the complexity
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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