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Navigation Systems Market Forecast Analysis 2018-2023.

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The Global Navigation Systems Market Forecast Analysis 20182023

Asia-Pacific is the dominating region for Navigation system market, accounting for 43% of the total market share in terms of value and 51% in terms of volume in 2017. Asia-Pacific is foreseen to reach a volume of $24.94 million from $27.84 million in 2017. Growing demand for automotive vehicles along with huge growth of the geospatial market will brace the navigation systems market in the region. American regions are projected to witness a stable growth rate of CAGR 0.9% during the forecast. America is expected to reach a volume of $19.04 million by 2023 from $14 million in 2017.The American market is driven by its huge application in commercial aviation, automotive and others.

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Selected Analysis Done in the Full Report:

Automotive is the dominant application for navigation system market. The automotive market generated a value of $24.92 billion 2017. Comparing past three years of forecast, a downfall has been observed. The automotive market is expected to reach value of $22.22 billion by

2023.

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Excerpts on Market Growth Factors Mentioned in the Full Report:

 Automotive industry in the future will involve a distance measurement sensor to measure its distance from its obstacles. This involvement of sensor will help to save you from any accidental occurrence. Use of distance sensor in self-driving vehicles will dominate the automotive industry in near future.  Mobile automated objects like Robotics industry are presently using distance measurement sensor at a great demand. This helps to enable effective automation, and is expected to grow at a rapid pace.

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Key Players of the Navigation Systems Market



Baumer



SICK AG



Pepperl & Fuchs GmbH



And 15+ more

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Company Profile

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Analyst Briefing

Data Tables

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About IndustryARC IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

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Navigation Systems Market Forecast Analysis 2018-2023.

The Global Navigation Systems Market Forecast Analysis 20182023 Asia-Pacific is the dominating region for Navigation system market, accounting for 4...

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