Automotive Navigation Solutions Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0186408
  • Format: Electronic (PDF)
  • Number of Pages: 177
  • Author(s): Joshi, Madhavi

Report Overview

The Automotive Navigation Solutions Market size was estimated at USD 12.5 billion in 2023 and is projected to reach USD 28 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.50% during the forecast period (2024-2030).

Automotive Navigation Solutions Market

(Market Size)
$12.5 billion
$28 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 12.50%
2023 Market Size USD 12.5 billion
2030 Market Size USD 28 billion
Key Players Bosch, Continental, Harman, Alpine, Pioneer

Market Summary

The automotive navigation solutions market encompasses a range of technologies and services designed to provide real-time guidance and location-based information to vehicles and drivers. This market is a critical component of the broader automotive and transportation industry, driven by the increasing integration of advanced electronics and connectivity features in modern vehicles. The core function of these solutions is to enhance the driving experience by offering optimized route planning, traffic avoidance, and points of interest discovery. The evolution from basic standalone GPS devices to sophisticated, connected, and integrated navigation systems represents a significant technological shift. These systems are now often part of a larger ecosystem that includes infotainment, telematics, and advanced driver-assistance systems (ADAS), contributing to the development of smarter and safer transportation networks. The demand is fueled by consumer expectations for seamless connectivity and the automotive industry's push towards greater vehicle automation and intelligence.

Key Highlights

The automotive navigation solutions market is characterized by several pivotal developments. A primary highlight is the rapid transition from traditional GPS to connected navigation systems that leverage real-time data from cellular networks and the cloud. This enables dynamic routing, live traffic updates, and predictive analytics for a more efficient journey. Another significant trend is the deep integration of navigation with other in-vehicle systems, creating a unified digital cockpit experience for the driver. The rise of augmented reality (AR) navigation, which overlays directional cues onto a live video feed of the road, represents a cutting-edge innovation enhancing safety and usability. Furthermore, the market is seeing a strategic convergence with autonomous driving research, where high-definition maps and precise localization are fundamental prerequisites for higher levels of vehicle automation. The competitive landscape is intense, with technology giants, specialized software firms, and traditional automotive suppliers all vying for market share through innovation and partnerships.

Drivers, Opportunities & Restraints

Growth in the automotive navigation solutions market is propelled by several key drivers. The global increase in vehicle production, particularly of premium and connected car segments, directly creates demand for advanced navigation features. Rising consumer disposable income and the desire for enhanced in-car experiences and convenience are significant demand-side factors. Stringent government regulations in various regions mandating safety features, which often integrate with navigation for functions like emergency call (eCall), also act as a catalyst. The expanding ecosystem of smart cities and intelligent transportation systems presents substantial opportunities for vehicle-to-infrastructure (V2I) communication, where navigation systems can interact with traffic management to optimize flow. However, the market faces notable restraints. High development and integration costs for advanced systems can limit adoption in budget vehicle segments. Data privacy and security concerns related to the collection and transmission of location data remain a persistent challenge. Furthermore, the reliability of these systems can be hampered in areas with poor cellular or satellite connectivity, potentially affecting user trust and satisfaction.

Concentration Insights

The market concentration for automotive navigation solutions reveals a diverse and dynamic competitive environment. The landscape is not monopolized but is rather an arena of intense competition between different types of players. Established automotive tier-one suppliers, such as Bosch, Continental, and Denso, hold significant market share due to their deep-rooted relationships with vehicle manufacturers (OEMs) and their ability to provide integrated hardware and software solutions. Technology companies, including Google, Apple, and HERE Technologies, are major forces, often providing the core map data and software platforms that power these systems. There is also a vibrant segment of specialized software firms and startups focusing on specific niches like AR navigation or AI-powered routing algorithms. This concentration indicates a market where innovation, strategic partnerships, and the ability to offer a seamless, scalable solution are critical for success, rather than dominance by a single entity.

Type Insights

Automotive navigation solutions are broadly categorized based on their technological architecture and connectivity. Embedded navigation systems are factory-installed units integrated directly into the vehicle's infotainment system. They offer a seamless user experience, high reliability, and are often paired with other vehicle functions but can be more expensive and slower to update. Tethered navigation systems utilize a driver's smartphone, connecting it to the vehicle's display. This approach leverages the phone's processing power and constant internet connection for real-time features but depends on the smartphone's presence and battery life. Hybrid navigation systems represent an emerging and popular type, combining the best of both worlds. They use an embedded system for basic routing and will seamlessly switch to using a connected smartphone for live traffic, online search, and cloud-based updates, ensuring the system remains current and feature-rich without constant dealer visits for map updates.

Application Insights

The application of automotive navigation solutions extends across various vehicle types and use cases, each with distinct requirements. In passenger cars, the focus is overwhelmingly on enhancing the consumer experience through features like real-time traffic, voice-guided directions, and integration with entertainment and comfort systems. The commercial vehicle segment represents a critical application area where navigation is not a convenience but a core tool for operational efficiency. Fleet management systems rely on advanced navigation for route optimization, fuel savings, driver safety monitoring, and timely delivery scheduling. These systems often include specialized features like truck-specific routing that considers vehicle height, weight, and hazardous material restrictions. Furthermore, navigation is becoming indispensable for emerging applications in ride-sharing, car-sharing services, and the development and testing of autonomous vehicles, where precision and reliability are paramount.

Regional Insights

The adoption and development of automotive navigation solutions exhibit distinct regional patterns influenced by economic development, infrastructure, and consumer preferences. North America and Europe are mature markets characterized by high vehicle ownership rates, robust digital infrastructure, and a strong presence of leading automotive OEMs and technology providers. These regions are often the first to adopt advanced features like connected services and AR navigation. The Asia-Pacific region is the fastest-growing market, driven by escalating vehicle production and sales in countries like China, India, and Japan. Rising urbanization, growing middle-class populations, and significant government investments in smart city and transportation projects are key growth catalysts in this region. Other regions, including Latin America and the Middle East and Africa, are emerging markets where growth is linked to economic development and the gradual increase in the penetration of connected and luxury vehicles.

Company Insights

The competitive arena features a mix of global technology firms, automotive suppliers, and specialized mapping companies. Key players shaping the market include Robert Bosch GmbH, a tier-one supplier known for its integrated infotainment and navigation units. Continental AG is another major force, providing advanced display and connectivity solutions. Alpine Electronics, Inc. and Pioneer Corporation are recognized for their aftermarket and OEM navigation systems. On the technology and data side, HERE Technologies is a leader in providing high-definition map data and location platform services to the automotive industry. TomTom N.V. has a long history in personal navigation devices and now focuses strongly on providing map content and software to car manufacturers. Garmin Ltd. maintains a presence in both consumer and automotive navigation segments. These companies compete on the accuracy of map data, the intuitiveness of the user interface, integration capabilities, and the development of innovative features like predictive routing.

Recent Developments

The automotive navigation solutions market is witnessing rapid innovation and strategic shifts. A predominant trend is the industry-wide move towards over-the-air (OTA) update capabilities, allowing for seamless and frequent map and software updates without requiring a visit to a dealership. This addresses a longstanding challenge of outdated navigation systems. There is also a significant push towards integrating navigation with augmented reality, projecting turn-by-turn instructions onto the real world through the vehicle's head-up display or central screen. Furthermore, companies are heavily investing in developing highly detailed and precise HD maps that are essential for Level 3 and above autonomous driving. Strategic partnerships and acquisitions are common, as automakers seek to avoid developing these complex systems in-house and instead partner with specialized tech firms to accelerate development and share costs, reshaping the traditional supplier-OEM relationships.

Report Segmentation

This comprehensive market research report on the automotive navigation solutions market provides a detailed analysis segmented to offer granular insights. The segmentation is primarily based on type, which includes embedded navigation systems, tethered navigation systems, and hybrid navigation systems. The report further breaks down the market by application, covering key segments such as passenger cars and commercial vehicles, with potential sub-segments within commercial vehicles like logistics fleets and public transport. A crucial component of the segmentation is the regional analysis, which provides a country-level and regional-level assessment of market penetration, growth trends, and competitive dynamics across North America, Europe, Asia-Pacific, and the Rest of the World. This multi-dimensional segmentation allows stakeholders to understand specific growth pockets, target audience needs, and regional peculiarities, enabling informed strategic decision-making and investment planning.

FAQs

What are the key trends in the automotive navigation system market? Key trends include the shift from standalone GPS to cloud-based connected navigation, integration with augmented reality (AR) for enhanced visual guidance, the critical development of HD maps for autonomous driving, and the adoption of over-the-air (OTA) updates to keep maps and software current.

Who are the leading companies in the automotive navigation solutions market? The market is served by a combination of automotive suppliers like Bosch and Continental, technology specialists such as HERE Technologies and TomTom, and consumer electronics companies like Garmin and Pioneer.

How is the rise of electric vehicles impacting navigation systems? Navigation for electric vehicles is evolving to include range prediction and intelligent routing that incorporates the location of charging stations, considering factors like charger availability, compatibility, and estimated charging time to alleviate range anxiety.

What is the difference between embedded and connected navigation? An embedded system is self-contained within the vehicle with pre-loaded maps, while a connected system uses a cellular link to access real-time cloud-based data for live traffic, online search, and continuous updates, offering a more dynamic experience.

Which region has the highest adoption of advanced automotive navigation? North America and Europe are currently the leading regions in adopting advanced navigation technologies due to high consumer demand, well-established infrastructure, and the presence of major automotive OEMs and technology providers.

How are navigation systems integrated with advanced driver-assistance systems (ADAS)? Navigation data, especially from HD maps, provides ADAS with predictive information about the road ahead, such as curvature, slope, and speed limits. This allows for features like predictive cruise control and enhanced safety alerts, forming a foundation for higher levels of automation.

Citius Research has developed a research report titled “Automotive Navigation Solutions Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Automotive Navigation Solutions Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Automotive Navigation Solutions Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Automotive Navigation Solutions Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Automotive Navigation Solutions Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Automotive Navigation Solutions Market
• Research Methodology
• Executive Summary
• Market Dynamics of Automotive Navigation Solutions Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Automotive Navigation Solutions Market
• Cost and Gross Margin Analysis of Automotive Navigation Solutions Market
• Automotive Navigation Solutions Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Automotive Navigation Solutions Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Automotive Navigation Solutions Market Key Stakeholders

Below are the key stakeholders for the Automotive Navigation Solutions Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Automotive Navigation Solutions Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Automotive Navigation Solutions Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Automotive Navigation Solutions Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Automotive Navigation Solutions Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Automotive Navigation Solutions Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Automotive Navigation Solutions Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Automotive Navigation Solutions Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Automotive Navigation Solutions Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Automotive Navigation Solutions Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Automotive Navigation Solutions Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Automotive Navigation Solutions Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Automotive Navigation Solutions Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Automotive Navigation Solutions Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Automotive Navigation Solutions Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Automotive Navigation Solutions Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Automotive Navigation Solutions Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Automotive Navigation Solutions Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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