AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
🔰 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 - https://www.alliedmarketresearch.com/request-sample/5252
Rise in number of vehicle sales is one of the major factors that drives the growth of the ASEAN car GPS navigation systems market. Moreover, the integration of smartphones with in-vehicle systems (IVS) further fuels the market growth. In addition, increase in demand for traffic control in turn propel the market. However, the presence of substitutes to aftermarket navigation systems is the major factor that hinders the market growth. In addition, the cost versus functionality given by these systems restrain the market. High penetration of wireless communication technology and availability of advanced telecom infrastructure are expected to make way for different growth opportunities for the market.
GPS navigation systems is a system that uses numerous satellite signals to find a receiver's position on earth. In car navigation systems, the GPS antenna and GPS receiver serve to receive signals from these satellites, thereby facilitating vehicle tracking and positioning. These systems are used by various industries such as aviation, automobile, mining, agriculture, military, and others.
The ASEAN car GPS navigation systems market trends include rise in number of car productions and sales in ASEAN countries, increase in need of traffic control, high penetration of wireless communication technology and advanced connectivity infrastructure toward the growth of the ASEAN car GPS navigation systems market. ASEAN car sales in 2017 was around 3.33 million units, and around 4 million units of cars are expected to be sold by 2020. This is expected to drive the adoption of GPS navigation systems and thus, boost the growth of the market. In addition, the adoption of GPS navigation systems in both, passenger and commercial cars, for traffic control and emergency vehicle location significantly drive the market growth. In addition, according to a study, the annual economic losses due to traffic congestion in the emerging economies in Asia are expected to reach $36.6 billion by 2030.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/5252
The GPS navigation systems can provide real-time traffic updates to help an individual save time during road congestion. Moreover, it can also reduce fuel consumption as well as decrease chances of accidents. However, emergence of several alternatives hampers the growth of the market. Furthermore, the development of smart cities in Southeast Asia has opened several opportunities for self-driving cars. Governments in these countries are constantly focusing on promotion of these autonomous vehicles. All these developments are expected to boost the adoption of GPS navigation systems and act as a major opportunity for the market.
The ASEAN car GPS navigation systems market is segmented based on component type, vehicle type, end user, and country. Based on component, the market is bifurcated into hardware and software. The car type segment includes passenger and commercial. Based on end user, the market is divided into OEMs and Aftermarket. Based on country, the market is analyzed across Indonesia, Thailand, Malaysia, Philippines, Vietnam, and rest of ASEAN.
Key Findings of the ASEAN Car GPS Navigation Systems Market:
By component type, the hardware segment is expected to exhibit significant growth in the ASEAN car GPS navigation systems market during the forecast period.
In 2017, Indonesia accounted for the highest ASEAN car GPS navigation systems market share among the other countries.
Based on vehicle type, the passenger segment generated the highest revenue in 2017.
By end user, the aftermarket segment is anticipated to exhibit substantial growth during the ASEAN car GPS navigation systems market forecast period.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐭 - https://www.alliedmarketresearch.com/request-for-customization/5252
𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞
Alpine Electronics,
Pioneer Corporation,
TomTom International BV,
Panasonic,
Mitsubishi Electric Corporation.,
JVC KENWOOD Corporation,
Robert Bosch,
Garmin Ltd.,
Sony Corporation,
Denso Corporation,
Continental AG.
𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
+ 1800-792-5285
email us here
Visit us on social media:
Facebook
X
LinkedIn
YouTube
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
