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Car GPS navigation system Market Expected to Reach $1,237Million by 2023

According to a new report by Allied Market Research, titled, Car GPS navigation system Market by component type, by car type, by end user: Global Opportunity and Forecast, 2017-2023, the Car GPS navigation system market was valued at $701 million in 2016, and is projected to reach at $1,237 million by 2023, growing at a CAGR of 8.1% from 2017 to 2023. This is attributed in reference to rise in number of vehicle sales worldwide, increasing demands from the dependent sectors such as transportation.

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Car GPS navigation system Market Expected to Reach $1,237Million by 2023

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  1. Car GPS Navigation System Market Opportunity Analysis and Industry Forecast, 2016-2023 Global Opportunity Analysis and Industry Forecast, 2017-2023

  2. Car GPS Navigation System Market Car GPS Navigation System Market Overview: Car GPS Navigation System Market was valued at $701 million in 2016, and is projected to reach at $1,237 million by 2023, growing at a CAGR of 8.1% from 2017 to 2023. Car GPS Navigation System Market receive signals from navigation satellites, which assist in vehicle tracking and positioning. These signals are received from multiple satellites thereby helping in precise positioning of the vehicle. The car GPS navigation system includes range of functionalities such as record, save music, and operate climate control functions (if equipped in car). The GPS navigation systems are largely used by transportation and logistics industry. The ability of navigation systems to provide real time traffic data thereby assisting large number of logistic and fleet operators fuel the market. In addition, increase in demands from dependent sectors further propels the market growth. Moreover, rise in car sales worldwide is projected to fuel the growth. However, costs versus functionalities given by these systems restrain the market. In addition, the presence of substitutes to aftermarket navigation systems and the cost versus functionality given by these systems restrain the market. Request to sample- https://www.alliedmarketresearch.com/request-sample/3280

  3. Car GPS Navigation System Market Car GPS Navigation System Market Key Segments: The car GPS navigation system market is segmented based on component type, vehicle type, end user, and region. By Component Hardware Software By Car type Passenger car Commercial car By End user OEM Aftermarket Key Market Players Profiled in The Report Pioneer Corporation Mitsubishi Electric Alpine Electronics TomTom Robert Bosch Denso Corporation Continental AG JVCKENWOOD Corporation Panasonic Corporation Sony Corporation

  4. Car GPS Navigation System Market By Region North America U.S. Canada Mexico Europe UK Germany France Rest of Europe Asia-Pacific Australia Japan China India Rest of Asia-Pacific LAMEA Latin America Middle East Africa

  5. Car GPS Navigation System Market Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/car-GPS-navigation-system- market Follow Us On

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