Industry Background:
GPS navigation system, typically uses satellite navigation device to find direction of routes towards destination. The system works by providing information on exact location. Apart from route information, the system also provides real time traffic data and weather forecast. Mostly, GPS navigation market is dominated by original equipment manufacturer with little share of aftermarket players. mobile road applications are recently trending in the market.
The Global GPS Navigation Device market presents a comprehensive analysis of the GPS Navigation Device market by product type (Handheld Device, Wearable Device, Smart Watch and others), by end-user/application (Automotive, Aviation, Cycling, Golf and Hiking), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Players profiled in the report are Bushnell (United States), Garmin (United States), TomTom (Netherlands), Magellan (United States), Sony (Japan), Cobra (United States), DeLorme (United States) and Nextar (United States). Additionally, other players that are part of this comprehensive study are Rand McNally (United States), SkyCaddie (United States), GolfBuddy (Korea) and Lowrance (United States).
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Bushnell (United States), Garmin (United States), TomTom (Netherlands), Magellan (United States), Sony (Japan), Cobra (United States), DeLorme (United States) and Nextar (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing utility of Cloud deployment model and Founding applications in almost every service sector
Market Growth Drivers:
Emergence and growing interest towards road mapping mobile application and Increasing necessity to speed-up the processes
Restraints:
High cost and Shortage of IT infrastructure in the underdeveloped nations
Opportunities:
Technological Advancement in Navigation System and Favorable Government Initiatives to Promote Navigation Based Technologies
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global GPS Navigation Device industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest. For instance, while the North America holds majority of market share of the GPS Navigation Device, the Asia Pacific has emerged as a crucial market for several GPS Navigation Device brands.
The Distribution Channel, such as Online, is boosting the GPS Navigation Device market and is anticipated to experience a steady growth during the forecast period.
The market players are adopting many strategies so as to attract the audience and to gain highest market share, these strategies can be listed as product uniqueness, standout product line, offering attractive discounts, mergers with big organizations, alliances with different companies to increase sales area globally and others.
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)