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Global Automotive Personal Navigation Devices Market to Grow 14% by 2020 - Escalating Consumer Expectations are Increasing the Complexity - Research and Markets

[December 09, 2016]

Global Automotive Personal Navigation Devices Market to Grow 14% by 2020 - Escalating Consumer Expectations are Increasing the Complexity - Research and Markets

Research and Markets has announced the addition of the "Global Automotive Personal Navigation Devices Market 2016-2020" report to their offering.

The report forecasts the global automotive personal navigation systems market to grow at a CAGR of 14.51% during the period 2016-2020.

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.

Navigation systems are becoming a stanard component in vehicles. Based on the positioning and speed of the vehicle, location-based data is delivered to the driver or any other system of interests. The current trend is to develop these systems integrated with intelligence for safety and security, i.e., ADAS. Currently, most of the map and navigation software developers are implementing this safety system by acquiring accurate digital maps with the help of government organizations, which actually contains the safety-related data and accurate topology of road networks.

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.

Key vendors: