The navigation system is one amongst the major discovery and innovations in the wireless telecommunication industry. The Asia Pacific automotive navigation system market is estimated to expand at 12.56% CAGR from 2019 to 2027. The economies of China, India, Japan, South Korea, Australia and the Rest of APAC are the major contributors to the regional market.
The Asia Pacific automotive navigation system market is expected to be on an upsurging end due to the growing transportation & communication infrastructure in the region. The developing countries are making huge efforts to develop their automobile sector through different paths with the direct and indirect influence of government through innovative policies and trade liberalization programs.
The most important driver for market growth has been the increase in the number of vehicle sales in the region, in particular, the luxury vehicles. The Chinese automobile sector is growing very fast and made its presence in the international trade arena, with a particularly strong position in the component sector.
Hyundai, Harman, BMW, Nissan, Ford, Garmin, Honda, Toyota, Mitsubishi Electric Corporation, Chevrolet, Audi, Bosch, Alpine, Denso, Elektrobit Automotive GmbH, and Renault are the major market players established in the region.