Automotive Navigation Solutions Market to Expand at a Steady Cagr Through 2026

From asking direction from other people to fully automated multifunctional navigation devices, the automotive navigation system market has evolved since inception. Automotive navigation solutions are now the need of the hour, either in the form of mobile devices or as an inbuilt function in vehicles. These systems use satellite navigation device to pinpoint the location of the any user. Not only limited to enabling precise location, automotive navigation solution are now equipped in supplying information about traffic congestion , active construction work and locations of nearby restaurants, hotels, petrol pump, service center, hospital, airport and other location. Amalgamation of telematics, automotive navigation solution is enabling users to reroute mid journey, calcite distance, suggest necessary speed and offer alternate shorter routes to reach the destination.

Automotive Navigation Solutions Market dynamics:

Automotive navigation solutions market volume sales is currently rising owing to sharp increase in demand from commercial heavy vehicles such as bus, trucks. Additionally automotive navigation solutions are now also being adopted for vehicles and machinery with application in mining. The use of automotive navigation solution is expected to increase significantly with the advent of autonomous cars since self-driving automobiles rely on the synchronized interaction of radar, GPS, Lidar, other sensors and technologies to cruise and ensure safe travel. Introduction of voice enabled assist technology in automobile navigation solution market along with integration of mobile application sensors is now gaining credible traction in the automotive navigation solutions market. However, additional cost of automotive navigation device and systems for installing and limited autonomous vehicle market is restraining the automotive navigation solutions market.

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