Global 3D Map System for Automotive Market are by navigation (in-dash navigation and handheld navigation).By system (hardware and software & services). By sales channel (OME and aftermarket). Vehicle type (passenger and commercial vehicle). Region-wise (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) is expected to reach US$ 6.1Bn by 2026, at a CAGR of 21.9% during a forecast period.
Increasing the tourism, growing consumer spending levels on acquiring luxurious vehicles also favouring the market growth over the forecast period. Instead, high initial investment cost is limiting the market growth. Furthermore, high additional cost attributed to constant updates to get accurate data could restrain the market to grow at an increasing rate.
The in-dash navigation system segment is projected to hold a major share of the market during the forecast period.
In-dash navigation system is set in within the vehicle’s dashboard. The segment is expected to expand at a CAGR of more than 22% between 2018 and 2026. In-dash navigation system is connected with the advanced driver assistance systems in order to facilitate appropriate guiding with acceleration and braking of the vehicle in accordance with the surroundings.
The North America has largest market share for Global 3D Map System Market for Automotive during forecast period.
North America is expected to register profitable growth rate due to the rapid adoption of technologies by consumers, a higher rate of commercial vehicles in this region is fuelling the region growth
Key players operating in the global 3D map system market for automation include, Robert Bosch GmbH, Continental AG, DENSO CORPORATION, Aptiv, HERE, NVIDIA Corporation, Elektronik, Dynamic Map Platform Co., Ltd., TomTom International BV, Civil Maps, Axestrack, BAE Systems Plc., Harman international, and Nippon Seiki Co., Ltd.
Maximize market research, a Global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global 3D Map System Market for Automotive. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global 3D Map System Market for Automotive. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global 3D Map System Market For Automotive positioning of competitors.
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