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Europe In-Dash Navigation Systems Market 2009-2013
Infiniti Research Limited, Aug 2010, Pages: 16
Europe In-Dash Navigation Systems Market 2009-2013 report by Technavio Insights forecasts the In-Dash Navigation Systems market to grow at a CAGR of 26.1 percent, with Europe to grow at a CAGR of 13.9 percent.
The major growth drivers include:
- Increase in Location Based Services (LBS), where In-dash systems provides a platform for users to access these LBS services, providing access to a host of features like navigation and mapping of points, weather information, real-time traffic information, etc
- Demand for navigation function in the Automobile industry has been the primary driver for the growth of in-dash Navigation Systems
- Sharply decreasing prices for in-dash navigation system over the past few years, which has resulted in the increase of sales of this equipment
- Low-Cost original equipment manufacturer (OEM) navigation, is driving the PND manufacturers to form partnership with car OEM, which is again driving the sales.
However, the market is facing some challenges which can inhibit the growth, such as, high cost of In-Dash Navigation Systems. Despite a decrease in price, it is still quite high and customers are reluctant to invest in such a costly product. Another major threat is from the portable GPS Systems such as the GPS- enabled mobile phones.
For the purpose of this report, the Europe In-Dash Navigation Systems market refers to a Geographical Positioning System (GPS) navigation unit that is built into the dashboard of the vehicle and offers navigation function along with a raft of audio/video functions. This report analyzes In-Dash Navigation Systems market’s recent performance and provides a Europe’s market revenue and growth rates from 2009 through 2013. It Includes comprehensive analysis of various trends and changes taking place in the In-Dash Navigation Systems market. It also explains the factors influencing market growth and inhibitors preventing their adoption. The report provides basic profiles of some of the leading vendors in the market
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