Global Automotive Navigation System Market to Grow at CAGR of 8% by 2025
April 19, 2017 | Business WireEstimated reading time: Less than a minute
Research and Markets has announced the addition of the "Global Automotive Navigation System Market Forecast 2017-2025" report to their offering.
The Global automotive navigation system market by tools generated revenue of $11320 Million in 2016 and is anticipated to contribute $22593 Million by 2025, growing at a CAGR of 7.99%.
Increase in the availability of data and information, shift in consumer demands and extended regulatory requirements are the key driving factors for the market growth. The strong and profitable growth of the automotive industry, the automotive navigation system market is growing along. Increasing demands from the dependent sectors like demand taxi sector, logistics and ecommerce sectors require locating various addresses.
The growing demand for car rentals like Uber and Ola worldwide is one of the driving factors to the growth of automotive navigation system market. With car rentals and increase in traffic; the need for real time traffic data is utmost necessary for relieved navigating experience. Automotive navigation systems help locating traffic on the roadways and highways indicating and suggesting different routes to the passenger's destination.
Equal competition with emerging companies that are manufacturing automotive navigation systems is one of the major restraints for the growth of automotive navigation system market.
Suggested Items
SPEA Expands in Southeast Asia with New Subsidiary in Thailand
05/17/2024 | SPEASPEA, a global leader in automatic test equipment for the manufacturing of semiconductor, microelectronic and electronic devices, today announced the opening of its new subsidiary in Thailand. This expansion marks a significant step forward in SPEA's commitment to serving the growing Southeast Asian microchip and electronics market with leading-edge manufacturing machinery and equipment.
PCB Market Size to Grow by $29.06B from 2024-2028
05/17/2024 | PRNewswireThe global printed circuit board (PCB) market size is estimated to grow by USD 29.06 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 6.6% during the forecast period.
AT&S 2024/25 on Growth Course Again
05/17/2024 | AT&SAT&S operated in a challenging market environment in the financial year 2023/24. After a strong second quarter, demand was relatively weak again in some market segments in the second half of the financial year.
Shipments of OLED Monitors Hit 200,000 Units in 1Q24, Annual Forecast to Reach 1.34 Million
05/17/2024 | TrendForceTrendForce’s latest report reveals a robust start to 2024 for OLED monitors, with shipments reaching approximately 200,000 units in the first quarter—marking a YoY growth of 121%.
Magnachip Celebrates the Grand Opening of Magnachip Technology Company in China
05/16/2024 | MagnachipMagnachip Semiconductor Corporation celebrated the opening ceremony of Magnachip Technology Company, Ltd. (MTC) yesterday at its headquarters located in Hefei, China. MTC is a subsidiary of Magnachip, established on December 20, 2023, to expand the Company’s display driver IC and power IC businesses in China.