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Telematics Solutions Market Report by Market Share, Growth Drivers, Challenges, and Investment Opportunities – Forecast 2022

According to the new market research reportTelematics Solutions Market for On & Off-Highway (Services-ACN, eCall, Navigation, RVD, On-Road Assistance, Tracking, Fuel Management, Maintenance, & Diagnostics), Form Factor, Hardware, Equipment Type, Technology, Aftermarket & Region – Forecast to 2022″

The telematics solutions market for on & off-highway vehicles is projected to grow at a CAGR of 14.37% from 2017 to 2022, to reach a market size of USD 40.84 Billion by 2022 from USD 17.78 Billion in 2016. The base year considered for the study is 2016 and the forecast period is 2017 to 2022. The growing number of regulatory mandates for vehicle safety and security is driving the growth of this market.

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On-highway vehicles are estimated to hold the largest share by Telematics Solutions services during the forecast period

With the rise in vehicle production, the demand of safety & comfort features has also increased among the users. Further, the constant increase in premium vehicles sales at a global level would influence the demand of Telematics Solutions. As per MarketsandMarkets analysis, the premium vehicle sales has increased from 20.5 million units in 2012 to 22.6 million units in 2016 at a CAGR of 2.44% over the period of four years. The significant rise is experienced in per capital income for countries such as China, Brazil, and India increased by approximately 68%, 17%, and 14% respectively from 2010 to 2015 as per World Bank. The substantial increase in premium vehicle sales and rise in disposable income will consequently increase the sales of medium and premium end vehicles that further fuels the Telematics Solutions market for on-highway vehicles

“Telematics Solutions Control Unit for on-highway vehicles is estimated to be the fastest growing market from 2017 to 2022”

The introduction of safety regulation such as eCall or stolen vehicle recovery in European region is one of the noticeable factors for this market. This mandate will make compulsory to install TCU in all passenger cars by 2018 within Europe. Also, some key automotive manufactures are offering their embedded services, especially in North American and European region. Some of them are General Motors – Onstar, Nissan – Connect, Mercedes-Benz- mbrace, BMW ConnectedDrive and Audi – Connect among others. Also, the sale of alternate fuel vehicles has been increased in the recent years. As per the International Energy Agency (IEA), the global BEV & PHEV sales were 753.2 thousand units in 2016 from 47.6 thousand units in 2011 grown at a CAGR of 73.74% over the last five years. As embedded telematics solutions are being provided in most of these vehicles, the market for embedded telematics solutions in electric vehicles is projected to grow in the coming years.

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“North America: Largest Telematics Solutions market for On & Off-highway vehicles”

The North America region is projected to be largest market for telematics solutions from 2017 to 2022. The market growth can be attributed to presence of prominent OEMs [General Motors (U.S.) & Ford Motor Company (U.S.)], strategic alliances, exceptional communication infrastructure and higher adoption rate of technological advancements and innovations witnessing the increased demand of premium cars with advanced safety and comfort features. These premium cars are equipped with telematics solutions to enhance user experience. Also, the telematics solutions are being gradually adopted in commercial vehicles to enhance safety. For instance, Volvo Trucks (U.S.), Freightliner (U.S.), and Peterbilt (U.S.) are offering telematics solutions for navigation, vehicle monitoring and diagnostics to optimize the performance. The other factor such as electronic logging device (ELD) mandate, Dedicated Short Range Communication (DSRC) mandate for LCV and increasing government funds for transport infrastructure. From 2014 onwards, the U.S. Department of Transportation (U.S. DOT) increased the transportation budget from USD 2.5 Billion to USD 3.0 billion annually. On the other hand, the continuous development by telematics solutions vendor such as Telogis Inc, Orbcomm Inc for off-highway vehicles will allow the sustainable growth in the coming years

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Key Factors for driving Automatic Weapons Market — Exclusive Report by MarketsandMarkets

Automatic Weapons

Rise in terrorism related activities and cross-border conflicts and advancements in automatic weapon systems are the key factors driving the automatic weapons market

The Automatic Weapons Market is estimated to grow from USD 6.0 billion in 2018 to USD 8.7 billion by 2023, at a CAGR of 7.82% from 2018 to 2023. The automatic weapons market has been segmented on the basis of product, end use, caliber, type, and region. Innovations in the field of targeting, automatic loading, communication technologies, sensors, and interface are enhancing the capabilities of modern automatic weapons. Advancements in the gun system technology will continue to influence the capabilities of navies, combat power, and tactics. An Advance Gun System (AGS) is the next generation of naval artillery to be deployed on naval platforms that are exceptionally efficient at destroying surface ships, aircraft, and land targets.

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Based on product, the automatic rifles segment of the automatic weapons market is estimated to grow at the highest CAGR during the forecast period. Automatic weapons increase the rate of fire and ease the mode of operation. This factor has resulted in increasing the adoption of automatic weapons worldwide. For instance, the US Army recently awarded a contract to Textron Systems for the development of a functional prototype Next Generation Squad Automatic Rifle (NGSAR). According to the contract, Textron Systems is expected to develop a high-velocity, magazine-fed system of an intermediate caliber.

Based on end use, the land segment of the automatic weapons market is estimated to grow at the highest CAGR during the forecast period due to the procurement of automatic rifles that are widely used by soldiers and machine guns that are mounted on different platforms including armored fighting vehicles, battle tanks, light protected vehicles, and ground stationary vehicles, among others. Technological advancements in the design of automatic weapon systems of various calibers are estimated to drive the land segment of the automatic weapons market during the forecast period.

Based on caliber, the small caliber segment is estimated to lead the automatic weapons market in 2018. Small caliber segment has been further categorized into 5.56mm, 7.62mm, 12.7mm, and 14.5mm. The growth of the small caliber segment can be attributed to the increased demand for small caliber weapons such as automatic rifles and machine gun that can be used as handheld & stationary and also installed on remote weapon stations on land, naval, and airborne platforms. For instance, the US Department of Defense recently awarded FN America worth USD 13.45 million contract to provide both the 5.56mm Mk 46 and 7.62mm Mk 48 light machine guns to Special Operations Command (SOCOM).

North America is expected to be one of the largest markets for automatic weapons in the near future. Remote weapon stations are expected to drive military operations, as these protect personnel from direct fire, thus leading to a decline in casualties. The importance of troop safety and enhancement of the kill power of a warfare platform are driving the major manufacturers and service providers in the region to develop techno-efficient combat systems and unmanned systems with remote weapon stations.

The Asia Pacific automatic weapons market is projected to grow at the highest CAGR during the forecast period, followed by North America and Europe. This can be attributed to the increasing demand for automatic weapon systems due to the procurement of new military platform fleets. Various countries in Asia Pacific have increased their defense budgets and are carrying out aggressive military modernization programs. These modernization programs are fueling the growth of the market for automatic weapons in this region.

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Key Market Players

Companies such as General Dynamics Corporation (US), Northrop Grumman (US), Rheinmetall AG (Germany), ST Engineering (Singapore), KBP Instrument Design Bureau (Russia), Heckler & Koch AG (Germany), FN Herstal (Belgium), Colt’s Manufacturing Company LLC (US), Israel Weapon Industries (Israel), NORINCO (China), Denel Land Systems (South Africa), Kalashnikov Concern (Russia), BAE Systems (UK), Barrett Firearms Manufacturing (US), and Ukroboronprom (Ukraine) are some of the leading players have made significant contribution to the global automatic weapons market.

Don’t miss out on business opportunities in Automatic Weapons Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Browse Related Report:

Remote Weapon Station Market by Application (Military, Homeland Security), Platform (Land, Airborne, Naval), Component (Sensors, HMI, Weapons & Armaments), Weapon Type (Lethal, Non-lethal), Mobility, Technology, and Region – Global Forecast to 2023

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: Newsletter@marketsandmarkets.com

Gunshot Detection System Market projected to reach $1,008 Million by 2024, at a CAGR of 12.30%

According to the new market research report Gunshot Detection System Market by Application (Commercial, Defense), Installation (Fixed Installations, Vehicle Installations, Soldier Mounted), System (Indoor, Outdoor), Solution (Systems, SaaS) and Region – Global Forecast to 2024″, The gunshot detection system market is estimated at USD 564 million in 2019 and is projected to reach USD 1,008 million by 2024, at a Compound Annual Growth Rate (CAGR) of 12.30% from 2019 to 2024.

Gunshot detection systems for homeland security were first used in the US. These systems are primarily used by law enforcement agencies. They are installed at a height of more than 30 feet above the ground at select locations of the coverage area.

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The fixed installation segment to grow at a higher CAGR in the gunshot detection system market during the forecast period

The gunshot detection system market has been segmented and analyzed in terms of installation type, namely, fixed installation, soldier mounted, and vehicle installation. The market is dominated by the fixed installation segment and this segment is also projected to grow at the highest CAGR during the forecast period. Fixed gunshot detection systems use the acoustic sensor node detection technology to detect a gunshot event. Fixed installations are installed at a specific height from the ground. High-security areas, such as restricted military infrastructure are high potential fixed installation sites for gunshot detection systems.  Military installations use fixed installations on walls, poles, or border crossings. Fixed electro-optic systems are used by military personnel for enemy sniper localization.

Increasing investment in Subscription as a Service (SaaS) is expected to drive the gunshot detection system market during the forecast period

Based on solution, the SaaS segment of the gunshot detection system market is estimated to grow at the highest CAGR during the forecast period. The increasing demand for subscription-based services by public safety authorities is driving the market for this segment.

North America region shows the highest potential for implementation of gunshot detection

North America is expected to drive the growth of the gunshot detection system market in the coming years, and is expected to grow at the highest CAGR during the forecast period, 2019 to 2024. The gunshot detection system market in North America is expected to witness growth, owing to the high number of firearm-related deaths in the region, especially in the US where firearm-related death rate is 25 times higher than other countries.  Major US cities are planning to install indoor gunshot detection systems at universities, corporate office locations, and financial facilities, among others, over the next 5 years.

Key Market Players

The major players in the gunshot detection system market include SST, Inc. (US), Raytheon (US), QinetiQ North America (US), Shooter Detection Systems, LLC. (US), Acoem Group (France), and Thales Group (France), among others. SST, Inc is one of the key market players engaged in securing contracts to increase the sale of gunshot detection systems.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: Newsletter@marketsandmarkets.com

Electronic Warfare Market expected to reach $30.32 Billion by 2022, at a CAGR of 4.61% from 2017 to 2022

According to the new market research report Electronic Warfare Market by Capability (Electronic Support, Electronic Attack, Electronic Protection), Platform (Airborne, Naval, Ground, Space), Product (EW Equipment, EW Operational Support), and Region – Global Forecast to 2022″, The electronic warfare market is estimated at USD 24.20 Billion in 2017 and is projected to reach USD 30.32 Billion by 2022, at a CAGR of 4.61% from 2017 to 2022. The increasing procurement of electronic warfare systems due to the growing transnational and regional instability across the world is expected to drive the market for electronic warfare. The rising use of electronic warfare technologies for geospatial intelligence gathering is expected to further drive the electronic warfare market during the forecast period.

Browse 81 Tables and 51 Figures spread through 178 Pages and in-depth TOC on Electronic Warfare Market – Global Forecast to 2022″

Early buyers will receive 10% customization on this report.

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The space platform segment is projected to grow at the highest CAGR during the forecast period.

Based on platform, the space segment of the electronic warfare market is projected to grow at the highest CAGR from 2017 to 2022. With the introduction of satellite communication, military forces are trying to jam enemy satellites to seize their communication. To protect communication satellites from being jammed, militaries are procuring electronic countermeasure systems for satellites.

The electronic support segment is projected to grow at the highest CAGR during the forecast period.

Based on capability, the electronic support segment of the electronic warfare market is projected to witness the highest growth during the forecast period. Electronic support systems are deployed on various platforms. They provide communication and electronic intelligence to the military forces.

Asia Pacific is projected to be the fastest-growing market for electronic warfare during the forecast period.

The electronic warfare market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the high demand from countries such as China, India, and Japan. The military budgets of these countries are increasing year-on-year due to the increasing adoption of advanced warfare techniques. These countries are adopting electronic warfare systems rather than traditional systems to keep up their military force superiority.

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Key Market Players

Major players operating in the electronic warfare market include Harris (US), BAE Systems (UK), Raytheon (US), Lockheed Martin (US), Boeing (US), SAAB (Sweden), Northrop Grumman (US), Israel Aerospace Industries (Israel), and Thales (France).

Don’t miss out on business opportunities in Electronic Warfare Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: Newsletter@marketsandmarkets.com

Smart Transportation Market Global and Regional Analysis by Leading Players, Key Regions, Product Segments, and Applications 2021

According to the new market research report Smart Transportation Market for Roadway & Railway By Technology (AVLS, TIS, EPS, & Intelligent Vehicle Initiatives), Components (CCTV Camera, GPS, Display, Automated Stop Announcement & Wi-Fi), Application, and Region – Global forecast to 2021″, The smart solutions market for mass transit is primarily driven by the need for better public transportation systems which would support the increasing population and urbanization around the globe. The smart solutions market for mass transit is projected to grow at a CAGR of 8.90%, to reach a market size of USD 44.78 Billion by 2021.

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Key Players of Smart Transportation Market

The smart solutions market for mass transit ecosystem consists of system manufacturers such as Thales Group (France), Siemens AG (Germany) and, Kapsch TrafficCom (Austria) amongst others; traveler information system manufacturer such as WS Atkins Plc (U.K.)and Q-Free ASA (Norway) among others; and the manufacturers of parking assist systems include Swarco AG (Austria) and TransCore LP (U.S.) amongst others; these OEMs  integrate these equipments and sell them to end-users to cater to their business requirements.

Electronic payment system and traveler information system have significant impact on the growth of smart solutions market for mass transit

For roadways as a transportation mode the electronic payment system segment is estimated to be the largest market. The growth is driven by the increase in efforts by governments and transportation agencies to reduce manual cash collection and shift to advanced e-payment systems. For instance, the Singapore government has implemented a contactless smart card which can be used to travel across the entire public transport network. In the case of railways as a transportation mode, the traveler information system segment is estimated to be the largest market. The system helps the passengers with information and guidance about the upcoming stops and the route which makes their travel experience better. For instance, in Australia the Smartraveller information system is used which provides travel information as well as travel warnings.

Increase in need for smart ticketing systems would give rise to demand for smart solutions market for mass transit

The smart ticketing system is the fastest growing market in the smart public transportation market for both roadways and railways. This growth is due to the benefits such as increased efficiency, and reliability. This application is essential to reduce manual interference and force public transport operators to deploy e-ticketing and integrated payment systems. As per the Rocky Mountain Institute (U.S.) ~14% of a transportation company’s budget is spent on fare collection. Thus the system improves a transportation company’s financial performance which has led to several mass transit operators already implementing smart ticketing solutions. For instance, according to the annual statistics published by the Department for Transport, U.K., out of 26.2 thousand public buses in U.K., 89% of public buses are fitted with ITSO smart cards by 2015.

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North America & Europe: Largest markets for smart solutions market for mass transit

The North American market is estimated to dominate the market for roadways as it accounted for the largest share during the forecast period. The growth factors includes increasing roadways networks, government spending and rising safety concerns for commuters. Europe is estimated to dominate the market for railways in terms of value during the forecast period. This growth is attributed to improved socio-economic conditions in countries such as Germany, the U.K., and France. In addition, the sizeable growth in population of these countries leads to an increase in use of public transport, which further resulted in more government projects for transportation infrastructure development.

Global Baggage Handling System Market Competitor Landscape, Opportunity Analysis, Growth, Trends & Forecast 2019-2025

Baggage Handling System Market by Mode (Airport, Marine, Rail), Solution (Check-In, Screening & Load, Conveying & Sorting, Unload & Reclaim), Check-In (Assisted, Self), Conveying (Conveyor, DCV), Tracking (Barcode, RFID) and Region – Global Forecast to 2025

The Baggage Handling System Market is projected to grow at a CAGR of 7.28%, from USD 8.4 billion in 2018 to USD 13.7 billion by 2025. The increasing focus on improving operational efficiency at airports, growing air passenger volume, and significant developments in intermodal transport are the major factors which will drive the market.

The growing focus on improving air connectivity and the development of intermodal transport will drive the baggage handling system market. Additionally, the rising smart city projects and growing maritime industry are also expected to drive the demand for baggage handling systems. Factors such as complex architecture and high level of initial investments are restricting the growth of this market. However, an increase in passenger and cargo traffic with a limited airport space provides new growth opportunities for the market players.

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The baggage handling system market is dominated by few global players and comprises several regional players as well. The key players in the baggage handling system market are Siemens (Germany), Vanderlande Industries (Netherlands), Daifuku (Japan), Pteris Global Limited (Singapore), BEUMER (Germany), and SITA (Switzerland).

Conveying and sorting to be the largest segment, by solution.

The conveying and sorting segment is projected to lead the baggage handling system market, by solution. According to primary insights, sorting is the heart of the total baggage handling system. The exponential increase in air and marine passenger volume for domestic and international travels worldwide has encouraged baggage handling system manufacturers to find ways to improve existing baggage handling technologies with automated sorting. According to Société Internationale de Télécommunications  Aéronautiques (SITA), with a rise in automation reflected in increasing use of conveyor systems, the rate of baggage mishandling reduced in 2018 compared to 2017.

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RFID system to be the fastest growing segment for baggage handling system market, by tracking technology.

The airline industry is a customer service oriented industry, which leads to immense competition. Today, the key challenge for the airport industry is to reduce baggage mishandling. Baggage mishandling can lead to customer dissatisfaction. According to the Ministry of Civil Aviation, between November 2016 and June 2018, domestic Indian airlines received 763 grievances related to baggage—the fourth highest after complaints about flight delays, ticket fares, and check-in and boarding. In response to that, companies and authorities are focusing on the development of an effective baggage handling system. For instance, the International Air Transport Association (IATA) has been working toward ‘Resolution 753’. RFID systems have a better coverage area than barcode systems and do not need to be positioned in the line of sight for scanning. The RFID system segment is expected to show strong growth in the coming years, with Resolution 753 mandates. However, according to primary insights, Resolution 753 will never discard barcode systems completely

Asia Oceania to be the largest market for baggage handling systems.

Asia Oceania is expected to provide lucrative opportunities in the baggage handling system market. Factors such as strong economic growth, increasing focus on development of smart cities, and favorable government policies for improving air connectivity have triggered the demand for baggage handling systems in the region. Due to the ever-growing air passenger traffic, China accounts for the highest market share of the total Asia Oceania baggage handling system market. Additionally, with a significant focus of the government on development of new airports, India is expected to play a key role in the baggage handling system industry in the Asia Oceania region. For instance, the Indian government plans to construct 100 new airports with an investment of about USD 60 billion in the next 10–15 years. On the other hand, Europe and the Americas have matured markets for the baggage handling systems.

In-Dash Navigation System Market Global and Regional Analysis by Leading Players, Key Regions, Product Segments, and Applications 2022

According to the new market research report In-Dash Navigation System Market by Technology (2D & 3D maps), by Components (Display Unit, Control Module, Antenna Module, & Wiring Harness), by Connected Navigation Services (TDI & FMS), by Vehicle Type (PC, LCV & Electric Vehicle) & by Region – Global Forecast to 2022″, The in-dash navigation system market is projected to grow at a CAGR of 12.74% during the forecast period, to reach USD 17.53 Billion by 2022.

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Passenger cars are estimated to hold the largest market share during the forecast period

Along with the rise in vehicle production, the demand for safety and comfort features has also increased among the end-users. According to the Organization International des Constructers automobiles (OICA) statistics, the global passenger vehicle production has increased from 59.9 million units (2011) to 72.1 million units (2016), at a CAGR of 3.77% over the period of five years. Also, developing countries such as China and India have witnessed significant economic growth, which in turn is increasing the demand for premium and luxury segment cars.

In-Dash navigation system with 3D-Maps is estimated to be the fastest growing market from 2017 to 2022

The in-dash navigation system enabled with 2D-map technology accounted for the largest market share in 2016 and is projected to remain predominant during the forecast period. However, in terms of growth, the in-dash navigation system based on 3D maps is projected to exhibit a higher CAGR during the forecast period. The 3D maps market for Europe is estimated to grow at the fastest rate, followed by the markets in North America, Asia-Pacific, and RoW, respectively. The growth of 3D maps navigation system is highly dependent on the telecommunication infrastructure, which is more advanced in developed countries such as Germany, U.S., and the U.K. Also, the introduction of safety regulations such as eCall or stolen vehicle recovery in Europe is one of the key factors driving the growth of this market.

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Asia-Pacific: Largest market for in-dash navigation systems

The Asia-Pacific region is projected to be the largest market for in-dash navigation system from 2017 to 2022. The market growth in the region can be attributed to the presence of prominent OEMs [Honda Motor Co., Ltd (Japan) and Nissan Motor Company Ltd (Japan)], strategic alliances, and exceptional communication infrastructure. The market growth is also boosted by the presence of growing economies such as China and India where the demand for the navigation system is rising due to increasing vehicles on the roads and heavy traffic jams.

Leading Players ofIn-Dash Navigation System Market are:

The ecosystem of the in-dash navigation system market consists of top tier-1 suppliers like Continental AG (Germany), Aptiv (UK), Robert Bosch GmbH. (Germany), and Denso Corporation (Japan), and research institutes such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA).

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