According to MarketIntelReports” 2017-2022 Global Top Countries Car GPS Market Report”:
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Vehicle gps navigation is supposed to determine the exact location of the vehicle at intervals. The location data which is recorded can be stored within the tracking unit or it can be transmitted to a central location database using a radio modem embedded in the unit. This makes it easier for the location of the person to be displayed against a map backdrop. The auto gps navigation system consists of a GPS module that receives the gps signal and calculates the coordinates. The coordinates are stored in a memory. The information is then sent by the GRPS modem to a central computer through SMS or GRPS. The demand for car with gps depends on the commercial fleet management.
Scope & Regional Forecast of the Car GPS Market
The Car GPS Market will have a high growth due to its extensive usage for navigation purposes. It enables smartphones and the tablets to provide street view of the maps and navigational directions for the drivers. These features will accelerate the demand for gps tracking device in the electronic equipment. It allows the people to travel easily from one location to another location.
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Voice enabled location will strengthen the Car GPS Market. The auto gps provides information about nearby places like restaurants, tourist attractions, fuel stations, and movie theatres. Google maps have become quite popular in navigations. High use of these maps in public transport will provide many opportunities for the market.
North America dominates the Car GPS Market during the forecast period. The increase of automobile tracking devices in the region can be attributed to the use of high technology. Usage of smartphones in Asia Pacific regions of China, Japan, South Korea, and Vietnam will propel the demand for auto navigation.
Segmentations & Key Players Involved in the Car GPS Market
The Car GPS Market can be broken down into various segments as follows:
Product Type- Positioning System and Navigation System.
Application- Passenger Car, Commercial Vehicle, OEM Market, and Aftermarket.
Region- United States, Canada, Mexico, Germany, France, UK, Italy, and Russia.
Some of the key players involved in the Car GPS Market are as follows:
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