3D Map System Market expected to grow CAGR of 19.4% to 2026 | Aptiv, Axestrack, BAE Systems

The Global 3D Map System for Automotive market is accounted for $1.24 billion in 2017 and is expected to reach $6.1 billion by 2026 growing at a CAGR of 19.4%. Growing adoption of smartphones, rapid urbanization in emerging nations, and increasing technological advancements are some of the factors propelling the market growth. In addition, rise in tourism, growing consumer spending levels on acquiring luxurious vehicles also favouring the market growth over the forecast period. On the other hand, high initial investment cost is limiting the market growth.

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Major market player included in this report are:

Aptiv, Axestrack, BAE Systems Plc., Civil Maps, Continental AG, DENSO CORPORATION, Dynamic Map Platform Co., Ltd., Elektrobit, Harman International, HERE Technologies, Mitsubishi Electric Corporation, Nippon Seiki Co., Ltd., NVIDIA Corporation, Robert Bosch GmbH, and TomTom International BV.

In-dash navigation is most preferred navigation type compared to handheld navigation. The In-dash segment is projected to register largest market revenue during the forecast period. Passenger vehicles utilize 3D map systems in a large proportion due to increasing consumer spending to get convenient travel experience. North America is expected to register lucrative growth rate due to rapid adoption of technologies by consumers, higher rate of commercial vehicles in this region is fuelling the region growth.

This market research report administers a broad view of the 3D Map System market on a global basis, presenting a forecast and statistics in terms of revenue during the forecast period. It covers an illustrative study with detailed segmentation, complete research and development history, latest news and press releases. Additionally, it demonstrates the future aspects and portrays a sketch of the key players involved in the 3D Map System market’s growth in terms of revenue.

The report contains imperative and pivotal details affecting the developments and growth of the market and also talks about the restricting factors that may restrain the 3D Map System market growth during the forecast period. Segmentation of the market are examined specifically to provide knowledge for supplementary market investments. Segmentation of the market on the basis of Administration and Application are elucidated in details portraying a descriptive structure of the market trends and restrictions affecting the 3D Map System market through the segments and sub-segments.

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The report also provides the market size and estimates a forecast from the year 2017 to 2026 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America providing an exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors affecting the 3D Map System market.

The report also analyzes the factors affecting 3D Map System market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.

What the report features:-

  • Global analysis of 3D Map System market from 2017 – 2026 illustrating the progression of the market.
  • Forecast and analysis of 3D Map System market by Type Application and Regional Forecasts 2017-2026
  • Forecast and analysis of 3D Map System market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America

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Reasons to Buy the Report:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global 3D Map System Market
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the 3D Map System Market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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Posted by on Thursday November 14 2019, 2:02 AM EST. All trademarks acknowledged. Filed under Automotive, Automotive & Transportation, Automotive Manufacturing, Business & Financial Services, Business Services, Featured Press Release, Transportation. Comments and Trackbacks closed. Follow responses: RSS 2.0

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