Global Automotive Navigation Systems Market
QNX Software Systems Limited announced its collaboration with AutoNavi Holdings Limited to integrate the latter’s mobile navigation technology into the QNZ CAR platform for infotainment.
Intel has acquired Itseez, a computer vision and machine learning startup in order to develop better navigation for self-driving cars. Earlier, Intel also announced the purchase of Yogitech, an Italian semiconductor functional safety firm, to ensure the proper working of Intel’s chips used in the autonomous vehicles.
Clarion in its new model NX504E, introduced intelligent voice technology, which makes navigation through voice command much easier. Clarion Intelligent VOICE uses the Google voice recognition technology and information for finding what the user is looking for.
Wayray's new holographic navigation system to open new latitudes
The global market for automotive navigation system is estimated to grow at a CAGR of over 7.7% during the forecast period of 2017-2022. The North America automotive industry is leading in terms of production as well as sales. North America was the largest market for automotive navigation systems until 2016, followed by Asia-Pacific and Western Europe. However, the Asia region is projected to become the key market for the manufacture of navigation systems with Japan, India, and China emerging as major automotive manufacture hubs. In addition, China produced ~25% of the global vehicle production, while Japan and India had ~10% and ~5% of the global vehicle production, respectively, in 2016.
Shifts in consumer demand, increasing availability of data and information, expanded regulatory requirements are the key factors boosting the growth of automotive navigation system market. In addition, technological advancements in navigation system are expected to drive the demand for navigation systems market during the forecast.
Will booming E-Commerce and dependent logistics drive the navigation systems market?
With the increasing number of sales, there is a burden on these companies to deliver these products to their customers in time. For this purpose, many e-commerce companies are forming alliances with existing logistic providers for B2C or Business to Customer delivery. The logistics companies are expanding their services by getting more vehicles into services. These vehicles, in order to reach their customer, need to have satellite navigation systems. In order to attract more number of consumers, these e-commerce companies have introduced ideas like ‘anywhere delivery, same day delivery and even same hour delivery’. Further, these vehicles depend on the routes and data provided by the navigation system so as to deliver the products to their destination in time.
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Navigation systems offer advanced functionalities such as a map view (rotating with the automobile), schematic pictograms, distance, and functions for voice prompts. The global automotive navigation system market is highly competitive since some of the key participants are Mitsubishi Electric, HYUNDAI, Continental AG, Alpine Electronics Inc., Denso Corp., Panasonic Corp., Pioneer Corp., Bose Corp., Harman International Industries Inc., Fujitsu Ten Ltd. and others.
The global automotive navigation systems market is highly competitive as some of the key participants are:
Alpine Electronics Inc.
Fujitsu Ten Ltd.
Harman International Industries Inc.