What is Automotive Multimedia AV Navigation?
An automotive navigation system is part of the car panels or a third party add-on used to find route in an automobile. It characteristically uses a satellite map reading system to get its location information which is then associated to a position on a road. Growing automotive industry is expected to grow automotive navigation system market potentially.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | DENSO (Japan), Pioneer Electronics (Japan), Kenwood (Japan), Alpine Electronics (Japan), SONY (Japan), Clarion (Japan), Harman International Industries Inc. (United States), Continental AG (Germany), Panasonic Corp. (Japan) and Blaupunkt (Germany) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Multimedia Sources and Navigation Sources) , by application (Passenger Vehicles, Commercial Vehicles and Others) and major geographies. Research Analyst at AMA predicts that Japan Vendors will contribute to the maximum growth of Global Automotive Multimedia AV Navigation market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Automotive Multimedia AV Navigation market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are DENSO (Japan), Pioneer Electronics (Japan), Kenwood (Japan), Alpine Electronics (Japan), SONY (Japan), Clarion (Japan), Harman International Industries Inc. (United States), Continental AG (Germany), Panasonic Corp. (Japan) and Blaupunkt (Germany).
Market Overview:
In December 2021, Alps Alpine Co., Ltd., a leading manufacturer of electronic components and automotive infotainment systems, and its domestic marketing division, Alpine Electronics of America, Inc., shipped the 3rd generation AlpineF#1Status. A premium car audio system capable of reproducing Hi-Resolution Audio Playback, it is the pinnacle of car audio that allows you to feel live performances closer than ever in challenging interior environments.
Automotive Multimedia AV Navigation is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Influencing Trend:
Rising Demand form Transportation and Logistics Sector
Market Growth Drivers:
Provide Real Time Traffic Data and Growing Wireless Technology
Challenges:
Adoption of AI in Automotive Industries
Restraints:
Increasing demand for Automotive Multimedia AV Navigation
Opportunities:
Increasing Sales of Passenger Vehicle
Key highlights of the Global Automotive Multimedia AV Navigation market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Automotive Multimedia AV Navigation market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Automotive Multimedia AV Navigation market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Automotive Multimedia AV Navigation Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Multimedia AV Navigation market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Automotive Multimedia AV Navigation market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Automobile Manufacturers, Business Entities, Government Bodies, Business Research and consulting Firms and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.