Automotive
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Automotive GPS Parts Market Size and Growth
The Automotive GPS Parts market is experiencing robust growth due to increasing demand for navigation systems in vehicles. As of 2023, the market size is estimated to reach approximately $4 billion, driven by advancements in technology and rising consumer preferences for enhanced safety and connectivity features in automobiles.
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Companies Covered (Covid 19 Impact Covered)
◍ AISAN Technology (Japan)
◍ Alps Electric (Japan)
◍ Cellstar Industries (Japan)
◍ FORTE (Japan)
◍ Furuno Electric (Japan)
◍ GENETEC (Japan)
◍ Japan Radio (Japan)
◍ JVC Kenwood (Japan)
◍ Position (Japan)
The Automotive GPS Parts Market features key players like AISAN Technology, Alps Electric, and Furuno Electric. These companies innovate GPS components enhancing vehicle navigation, contributing to market growth. Their advanced technologies improve user experience and fuel demand. Sales revenue figures include:
- Alps Electric: Approximately $3 billion
- Furuno Electric: Around $700 million
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Market Segmentation
By Application
Passenger Cars
Commercial Vehicles
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By Product
Antenna
Tracking Devices
Others
Market Growth
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$ X Billion USD
