Car GPS Navigation System 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: CR0186996
  • Format: Electronic (PDF)
  • Number of Pages: 216
  • Author(s): Joshi, Madhavi

Report Overview

The Car GPS Navigation System Market size was estimated at USD 8.5 billion in 2023 and is projected to reach USD 13 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2024-2030).

Car GPS Navigation System Market

(Market Size)
$8.5 billion
$13 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 6.00%
2023 Market Size USD 8.5 billion
2030 Market Size USD 13 billion
Key Players Garmin, TomTom, Pioneer, Alpine, Bosch

Market Summary

The Car GPS Navigation System Market represents a critical segment within the automotive and transportation industry, characterized by the integration of advanced technologies to provide real-time location tracking and route guidance. These systems have evolved from basic standalone units to sophisticated embedded and hybrid solutions that are increasingly connected to broader telematics and infotainment platforms. The market is driven by the global expansion of vehicle production and a rising consumer preference for enhanced driving experiences, safety features, and convenience. Manufacturers are continuously innovating to offer features such as live traffic updates, voice-guided navigation, and points of interest, which are becoming standard expectations among consumers. The competitive landscape is intense, with key players focusing on strategic partnerships, mergers, and acquisitions to expand their technological capabilities and geographic reach. The adoption of these systems is further supported by governmental regulations in various regions mandating certain safety features that often integrate with navigation solutions. As the automotive industry moves towards greater connectivity and autonomy, navigation systems are expected to play an even more integral role, interfacing with other vehicle systems to provide a seamless and intelligent driving environment.

Key Highlights

The Car GPS Navigation System Market is distinguished by several key highlights that underscore its dynamic nature and future potential. A significant trend is the shift towards connected navigation systems that leverage cellular networks and internet connectivity to provide real-time data, including traffic conditions, weather updates, and fuel prices. This connectivity enables over-the-air updates, ensuring maps and software remain current without requiring physical intervention. Another highlight is the integration with Advanced Driver-Assistance Systems (ADAS), where navigation data contributes to functions like adaptive cruise control and lane-keeping assistance, enhancing overall vehicle safety. The market is also witnessing a growing demand for personalized navigation experiences, with systems learning user preferences and suggesting routes accordingly. Furthermore, the rise of electric vehicles has introduced specific navigation needs, such as locating charging stations and optimizing routes for battery efficiency. The competitive intensity is high, with companies like Garmin, TomTom, Bosch, Continental, and Alpine Electronics leading innovation. These players are investing heavily in research and development to incorporate artificial intelligence and machine learning, paving the way for predictive navigation and more autonomous functionalities. The convergence of navigation with other in-car services is creating a holistic ecosystem that adds substantial value for end-users.

Drivers, Opportunities & Restraints

The growth of the Car GPS Navigation System Market is propelled by several powerful drivers. A primary driver is the increasing consumer demand for enhanced in-vehicle experiences and convenience, pushing automakers to integrate advanced navigation as a standard or optional feature in new vehicles. Government regulations in many countries promoting road safety and mandating features like eCall, which requires precise location data, further stimulate market adoption. The expansion of the global automotive industry, particularly in emerging economies, provides a substantial base for installation rates. The rising popularity of ride-hailing and car-sharing services also fuels demand, as these services rely heavily on efficient navigation for operational management. Significant opportunities lie in the development of autonomous driving technology, where high-precision navigation is indispensable. The integration with smart city infrastructure presents another avenue for growth, enabling vehicle-to-everything (V2X) communication for optimized traffic flow. However, the market faces notable restraints. The widespread availability and improving accuracy of smartphone-based navigation applications offer a free or low-cost alternative, posing a challenge to dedicated system sales. Data privacy and security concerns related to connected navigation systems can deter some consumers. Furthermore, the high cost of advanced embedded systems can be a barrier to adoption in price-sensitive markets, and the complexity of global map data management requires continuous investment from providers.

Concentration Insights

The concentration within the Car GPS Navigation System Market reveals a landscape dominated by a mix of specialized technology firms and large automotive suppliers. The market is moderately concentrated, with a handful of key players holding significant shares due to their technological expertise, extensive patent portfolios, and long-standing relationships with major automobile manufacturers. Companies such as Garmin Ltd., TomTom N.V., Robert Bosch GmbH, Continental AG, and Denso Corporation are recognized as global leaders. These entities compete intensely on the basis of technology innovation, map accuracy, user interface design, and system reliability. There is also a presence of prominent audio and infotainment specialists like Alpine Electronics and Pioneer Corporation, which often integrate navigation into their broader product offerings. The market concentration is further characterized by strategic collaborations and partnerships, where navigation specialists ally with automakers and tech companies to co-develop solutions. For instance, partnerships between navigation firms and silicon chip manufacturers are crucial for enhancing hardware performance. While the top players have a stronghold, the market also sees activity from regional players and new entrants focusing on niche segments or specific technologies, such as 3D mapping or augmented reality navigation, indicating a dynamic competitive environment.

Type Insights

The Car GPS Navigation System Market can be segmented by type into embedded, integrated, and portable navigation systems. Embedded systems are factory-installed units built directly into the vehicle's dashboard, offering seamless integration with other car functions like the audio system and heads-up display. These systems are often considered premium features and are known for their reliability and optimized performance, though they typically come at a higher cost. Integrated systems represent a hybrid approach, where the vehicle is prepared for navigation, but the software or certain components might be added or updated by the dealer or user. Portable navigation devices (PNDs) are standalone units that can be mounted on the windshield or dashboard. While their popularity has declined due to the proliferation of smartphones, they still hold relevance in specific markets and for users preferring a dedicated device without draining their phone's battery. The trend is decisively shifting towards embedded and connected systems, driven by the automotive industry's move towards fully integrated digital cockpits. These advanced systems benefit from larger screens, better processing power, and deeper vehicle integration, enabling features that portable devices cannot match, such as displaying navigation prompts within the instrument cluster.

Application Insights

Application insights for the Car GPS Navigation System Market primarily distinguish between passenger cars and commercial vehicles. In the passenger car segment, navigation systems are a key selling point for enhancing driver convenience, safety, and overall infotainment experience. Features like real-time traffic information, voice recognition, and smartphone integration (e.g., Apple CarPlay, Android Auto) are highly sought after. The demand is robust across all vehicle classes, from economy to luxury, though the sophistication of the system varies accordingly. For commercial vehicles, the application extends beyond simple route guidance to become a critical tool for fleet management and operational efficiency. These systems are integral to logistics and transportation companies, providing functionalities like route optimization for fuel savings, delivery tracking, geofencing, and integration with telematics for monitoring driver behavior and vehicle health. The adoption in commercial vehicles is strongly driven by the need to reduce operational costs, improve delivery times, and enhance regulatory compliance through features like Hours of Service (HOS) logging. The application scope is expanding with new mobility services, including ride-sharing and car-rental fleets, which rely on accurate and reliable navigation for dispatching and customer service.

Regional Insights

Regional analysis of the Car GPS Navigation System Market shows distinct patterns of adoption and growth influenced by economic development, automotive production, and technological infrastructure. North America and Europe are mature markets characterized by high penetration rates of advanced navigation systems in new vehicles. Stringent safety regulations, high consumer purchasing power, and the presence of leading automakers and suppliers drive the market in these regions. The Asia-Pacific region represents the fastest-growing market, fueled by escalating vehicle production and sales in countries like China, India, and Japan. Rising disposable incomes, increasing urbanization, and growing awareness of advanced car features contribute to strong demand. China, in particular, is a hub for both consumption and manufacturing of navigation systems. South America and the Middle East & Africa are emerging markets where growth is linked to economic development and the gradual modernization of automotive fleets. However, in these regions, the preference for cost-effective solutions and the strong competition from smartphone apps can be more pronounced. Each region also presents unique challenges, such as the need for detailed and frequently updated map data that accounts for local geography and rapid infrastructure changes.

Company Insights

The competitive landscape of the Car GPS Navigation System Market is defined by the strategies and portfolios of its leading companies. Garmin Ltd. is a renowned player, particularly strong in the portable and wearable navigation segment, with a reputation for robust and user-friendly devices. TomTom N.V. is another major force, known for its digital map content and telematics services, supplying navigation software and maps to automakers and fleet operators globally. Robert Bosch GmbH, a giant in automotive components, offers integrated navigation solutions that are deeply embedded within its broader suite of automotive safety and infotainment systems. Continental AG provides advanced connected navigation and display solutions, focusing on the integration with ADAS and automated driving platforms. Denso Corporation, a key Japanese supplier, develops navigation systems for many Asian and global automakers, emphasizing reliability and innovation. Alpine Electronics, Inc. and Pioneer Corporation are significant players from the infotainment perspective, often offering navigation as a core part of their multimedia systems. These companies compete through continuous innovation in mapping technology, software development, and forming strategic alliances with automakers, cloud service providers, and tech firms to enhance their product offerings and market reach.

Recent Developments

The Car GPS Navigation System Market has witnessed several pivotal recent developments that highlight its evolving trajectory. A major trend is the accelerated integration of navigation systems with cloud-based platforms, enabling more dynamic and predictive routing using big data analytics. Companies are increasingly focusing on developing high-definition (HD) maps that are essential for Level 3 and above autonomous driving functionalities. There has been a surge in partnerships between traditional navigation specialists and automotive OEMs; for instance, collaborations aimed at developing new in-car user experiences that combine navigation, entertainment, and vehicle control. Another significant development is the enhancement of augmented reality (AR) features within navigation, where directions are overlaid onto the real-world view from a camera, significantly improving driver comprehension and safety. Investments in artificial intelligence have led to more intuitive systems capable of learning driver preferences and providing proactive suggestions. Furthermore, the market has seen consolidation activities, including mergers and acquisitions, as companies seek to bolster their technological capabilities and geographic presence. The focus on cybersecurity for connected navigation systems has also intensified, leading to new solutions designed to protect user data and prevent unauthorized access.

Report Segmentation

This comprehensive report on the Car GPS Navigation System Market offers a detailed segmentation to provide clients with granular insights for strategic decision-making. The market is segmented by type, categorizing systems into embedded, integrated, and portable navigation devices, each analyzed for their market dynamics, adoption rates, and future potential. By application, the analysis distinguishes between passenger cars and commercial vehicles, delving into the specific requirements, feature demands, and growth drivers unique to each segment. The report further provides a thorough regional breakdown, covering key geographies including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Each regional analysis assesses the local competitive landscape, regulatory environment, consumer behavior, and growth opportunities. Additionally, the report includes a dedicated company profile section, offering an in-depth analysis of the key market players, their product portfolios, business strategies, and recent developments. This multi-faceted segmentation allows stakeholders to identify niche opportunities, understand competitive pressures, and gauge market potential across different segments and regions, providing a holistic view of the entire industry landscape.

FAQs

What are the different types of car GPS navigation systems available?

The market primarily offers three types: embedded systems that are built into the vehicle by the manufacturer, integrated systems that combine with the vehicle's existing display, and portable navigation devices which are standalone units that can be moved between vehicles.

How does GPS navigation in cars work?

Car GPS navigation systems receive signals from a network of satellites to pinpoint the vehicle's exact location on Earth. This data is processed by the system's software, which uses stored digital maps to calculate routes, provide turn-by-turn directions, and offer additional information like traffic conditions when connected.

What is the best GPS for a car?

The best GPS system depends on user needs. For built-in integration and premium features, embedded systems from automakers or suppliers like Bosch and Continental are superior. For flexibility and affordability, dedicated devices from Garmin or TomTom are highly regarded for their accuracy and user-friendly interfaces.

Who makes GPS systems for cars?

GPS systems are manufactured by specialized technology companies such as Garmin and TomTom, as well as major automotive parts suppliers including Robert Bosch, Continental AG, Denso Corporation, and Alpine Electronics. Many automakers also develop their own systems in-house or through partnerships.

Can you add navigation to a car?

Yes, navigation can be added to a car that lacks a built-in system. This can be achieved by installing an aftermarket infotainment unit with navigation, using a portable GPS device, or solely relying on smartphone applications connected to the car's display via Android Auto or Apple CarPlay.

What is the future of GPS navigation?

The future of GPS navigation is closely tied to autonomous driving and connectivity. It involves the development of high-definition maps for precision, integration with AI for predictive routing, real-time V2X communication for traffic management, and the use of augmented reality to enhance the driver's visual guidance and safety.

Citius Research has developed a research report titled “Car GPS Navigation System 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

• Car GPS Navigation System 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 Car GPS Navigation System 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.

Car GPS Navigation System Market Segmentation

Market Segmentation

Regions Covered

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

Car GPS Navigation System Market Analysis

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

• Overview of Car GPS Navigation System Market
• Research Methodology
• Executive Summary
• Market Dynamics of Car GPS Navigation System 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 Car GPS Navigation System Market
• Cost and Gross Margin Analysis of Car GPS Navigation System Market
• Car GPS Navigation System 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 “Car GPS Navigation System 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.

Car GPS Navigation System Market Key Stakeholders

Below are the key stakeholders for the Car GPS Navigation System Market:

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

Car GPS Navigation System 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 Car GPS Navigation System 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 Car GPS Navigation System 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 Car GPS Navigation System 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 Car GPS Navigation System 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 Car GPS Navigation System 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 Car GPS Navigation System 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 Car GPS Navigation System 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 Car GPS Navigation System 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 Car GPS Navigation System 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 Car GPS Navigation System 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 Car GPS Navigation System 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 Car GPS Navigation System 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 Car GPS Navigation System 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 Car GPS Navigation System 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 Car GPS Navigation System 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 Car GPS Navigation System 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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