Navigation Systems Market - Forecast(2021 - 2026)

The emergence of the connected need for accurate and real-time tracking and the emergence of internet led to the development and the growth of the navigation system market. Due to its application features the navigation systems are widely being used by different industry sectors 

What is Navigation Systems?

Navigation systems are defined as instruments which helps in determining the position of a particular place or person. It acts as a guide map. The navigation systems are basically segmented based on the source the signal frequency is emitted. They include radio, electronic and satellite emitted frequencies

What are the uses of Navigations Systems?

The use Global Navigation Satellite Systems helps us in improving the traffic flow, guides users and also helps in tracking parcels and shipments. The navigation system also helps in tracking weather alerts depending on the type of device. The use of navigation systems proves to be cost-saving for fleet management companies. The navigation systems provide safety and security for vehicles, as vehicles which has an installed navigation system can be easily tracked  

Navigation Systems Market


Market Research and Market Trends of Navigation Systems Market:

  • Inertial Sense are the leading providers of high –performance precision GPS-Inertial navigation system. The company has raised a funding of $2 million in seed funding. The funding was supported by Data Tribe and Atomic Ventures. The company will use these funds in developing its market position and will investment in the development of additional micro-navigation solutions and 3D sensors.
  • Mapbox is a leading provider of location-based services. The company has raised a funding of $164million in a new funding round. The funding was supported by SoftBank. The company will use these funds in building their own car-based technology such as in car navigation systems and self-driving vehicle systems. The company will also use this funds in expanding their augmented and virtual reality technologies and spread their market across Southeast Asia , China and Europe.

Who are the Major Players in Navigation Systems Market?

The companies referred in the market research report are Inertial Sense, Mapbox ,  Google and others.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.
All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.


Key Takeaways from this Report

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. 
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years. 
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

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