HERE Technologies (US), NNG Software Developing, and Commercial Llc. (Hungary), Clarion Corporation (US), Continental AG (Germany), Delphi Technologies (UK), Robert Bosch GmbH (Germany), Garmin Ltd (US), Harman International Industries, Inc. (US), Alpine Electronics, Inc., (Japan), AISIN SEIKI Co., Ltd (Japan), Pioneer Corporation (US), TomTom N.V. (US), Telenav, Inc. (US), JVC Kenwood Corporation (Japan), Denso Corporation (Japan), are the top companies molding the worldwide Auto Navigation Systems Market Share,.

Market Segmentation

The worldwide Auto Navigation Systems Market Share, has been studied by categorizing it into segments like device type, vehicle type, sales channel, and propulsion.

With respect to the device type, the market includes in-dash, portable, and mobile navigation system. Out of these, in-dash navigation system was found to be the leading segment in 2018, followed by portable and mobile system.

Propulsion-wise segments in the market are internal combustion engine (ICE) and electric vehicle. The ICE segment, in 2018, held the largest share in the market and is expected to hold on to the top position even during the conjectured timeframe. But the electric vehicle segment can project the highest growth rate during the estimated period.

Depending on the sales channel, the market can be considered for original equipment manufacturers (OEMs) and aftermarket. Between thesem, the OEM segment led the market in 2018, whereas the aftermarket segment has a higher chance of growing at a better rate during the forecast period.

Regional Insight

North America, Europe, Asia Pacific (APAC), and the rest of the world (RoW) are the primary markets for Car Navigation Systems identified in the MRFR report.

In 2018, APAC held the largest share in the market, revenue-wise. The region is also predicted to record the highest CAGR during the evaluation period. Soaring demands from dependent sectors such as taxi services, logistics, and e-commerce that need the location of various addresses have benefitted the regional market in a big way. Also, mounting demand for rentals car services such as Ola and Uber has stimulated market growth in the region. The region is a source of extra interest as it consists of huge markets with high sales growth potential as well as vital automotive manufacturing hubs.

In light of increasing partnerships and advancing navigation infrastructure, the Car Navigation Systems in Europe has managed to amass a sizeable portion of the global market. Safety and security service in the region is touted to be the biggest contributor to the automotive market, keeping in mind the fact that navigation is a safety measure in vehicles. As a consequence, government authorities in the region are striving to ensure that every car is connected with GPS systems.

Access Full Report @ https://www.marketresearchfuture.com/reports/automotive-navigation-systems-market-7865