The North America Car GPS Navigation System Market would witness market growth of 10.1% CAGR during the forecast period (2022-2028).
Dedicated automobile navigation systems are used in taxis, municipal buses, and even golf carts. Some systems additionally include communication or entertainment components, including DVD players, mobile phones, or Wi-Fi receivers for the internet. Advanced handheld gadgets, like smartphones, can occasionally be mounted on a dashboard as a temporary automotive navigation system and provide GPS positioning and other navigational features. 24 satellites that orbit the planet twice daily are the system's brains. GPS-enabled devices can decipher extremely precise positional information from signals from at least a few satellites.
Navigation systems are extremely handy though their usage in automobile vehicles confuses the users a lot. This is specified when the navigation interface is used between different vehicle manufacturers, with each type using differently oriented maps. A vector map serves as the road database. House numbers, street names, and waypoints are all stored as geographic coordinates. As a result, users can discover their target location using either a street address or a set of geographic coordinates.
Many North American governments have made it mandatory to use GPS devices for fleet management. Every new car would need to have a 3G/4G equipped GPS system if the rule were to take effect. Vehicle GPS systems can be used to pinpoint a collision so that an on-site or off-site inquiry can be conducted. For instance, sensor technology can be used to collect information on the weather, the state of the roads, and traffic volumes and speeds in the event of a crash. Additionally, remote transmission of this data is possible.
The US market dominated the North America Electric Vehicles Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,320.7 million by 2028. The Canada market is exhibiting a CAGR of 14.1% during (2022 - 2028). Additionally, The Mexico market is experiencing a CAGR of 12.9% during (2022 - 2028).
Based on Component, the market is segmented into Software & Services and Hardware. Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. Based on Screen Size, the market is segmented into 6 inches to 11 inches, Less than 6 inches, and Greater than 11 inches. Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on Propulsion, the market is segmented into Internal Combustion Engine Vehicles and Electric Vehicles. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Car GPS Navigation System Market is Estimated to reach $25.3 Billion by 2028, at a CAGR of 10.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, TomTom N.V., Sony Corporation, Continental AG, Panasonic Corporation, Mitsubishi Electric Corporation, Alps Alpine Co., Ltd., Garmin Ltd., JVCKENWOOD Corporation and Pioneer Corporation
By Component
By Vehicle Type
By Screen Size
By Sales Channel
By Propulsion
By Country
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