Global Portable Navigation Devices Market Overview:
Portable Navigation Devices are also known as Personal Navigation Devices is an electronic device which is a combination of Antenna, module, host interface, processors and positioning engine which collects signal from satellite and displays on the display screen to provide better assistance to the user in order to reach the destination without facing the trouble of directions. The rapid advancements in microelectronics have enabled new applications for a personal navigation system such as handheld devices with integrated maps. A portable device uses computing power and data stored in memory to convert information on location, speed, and time into a usable display format. These devices feature built-in hard drive or memory chip for map data with large colour screen map display, touch screen for user and speaker for voice command. Portable Navigation Devices are gaining popularity in the emerging market and are increasingly being used in devices, including smartphones and auto infotainment systems.
Growth Drivers
- Growing People’s Interest in Traveling to New Places
- Rapid Advancement in Technology to Provide Ease of Finding New Routes
- Pre-Programming of All Destinations
Roadblocks
- Increasing Usage Of GPS-Enabled Mobile Phone
- High Cost Associated With Portable Navigation Devices
Opportunities
- Advanced Processing Techniques - Such As Assisted GPS And Remote Server Based Ephemeris Prediction Creating Various Opportunities For Market Growth
- Government Initiatives to Promote Navigation Based Technologies
Challenges
- Lack Of Network Infrastructure In Underdeveloped Areas And Accuracy Of Location
- Increase in Feature Related Complexity
Competitive Landscape:
The nature of the market is fragmented owing to the number of players present in the market. Market leaders have focused on technology development and advancement for the better user interface and growing aftermarket services. Technology advancement in the market sector may include compact size and high-performance antenna along with touch screen and voice over devices promising eyeing growth for the market which was kind of stagnant for the last few annual sessions. The market players may adopt various strategies to attract the audience and gain the highest market share, standout product line, merger with a big organization and increase the sales globally.
Some of the key players profiled in the report are Alphine (Japan), Tomtom (Netherlands), Garmin Ltd. (Switzerland), LG Electronics (South Korea), Marvell (United States), Sony (Japan), Lowrance Electronics (United States), Magellan Navigation (United States), Mio (Taiwan), VDO Dayton (Germany), Freescale (United States), Texas Instruments (United States) and Kapsys (France). Additionally, following companies can also be profiled that are part of our coverage like Navman, NXP Semiconductors and Rand McNally. Analyst at AMA Research see United States Players to retain maximum share of Global Portable Navigation Devices market by 2026. Considering Market by Technology, the sub-segment i.e. Bluetooth will boost the Portable Navigation Devices market. Considering Market by Power Source, the sub-segment i.e. Plug-in will boost the Portable Navigation Devices market. Considering Market by Mount Type, the sub-segment i.e. Suction cup will boost the Portable Navigation Devices market. Considering Market by Component, the sub-segment i.e. Sensors will boost the Portable Navigation Devices market.
What Can be Explored with the Portable Navigation Devices Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Portable Navigation Devices Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Portable Navigation Devices
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Portable Navigation Devices market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Portable Navigation Devices market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of 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 Portable Navigation Devices Manufacturer, Portable Navigation Devices Sub-component manufactures, Portable Navigation Devices Distributors/Traders/Wholesalers, Industry Association, Downstream Vendors, Governments and investment communities and Research organizations and associations.
This helps us to gather the data related to 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 includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.