China Automotive Navigation Market Analysis, Market Size, Competitive Trends: Radiant Insights, Inc

China serves as the world’s largest country in terms of automobile production and sales, however, the assembly rate (take passenger cars as cardinal number) of navigators for new cars was only 8.6% in 2012, and there was a substantial growth potential.

 

By the end of 2012, there were about 300 automotive navigation manufacturing enterprises in China, and the market scale was worth CNY33.8 million, year-on-year growth of 10%. It is expected that market scale of China automotive navigation will reach CNY 67.4 billion as of 2017.

 

View Full Report with TOC @ http://www.radiantinsights.com/research/in-depth-research-and-prospects-of-china-automotive-navigation-industry-2013-2017

 

In 2012, the sales volume of aftermarket automotive navigators generated 6.38 million sets in China, year-on-year growth of 17%, but growth rate continued to decline. At the same period, the sales volume of pre-installed automotive navigators reached 1.29 million sets, while the growth rate reached 43%, and this was the second year in a row that growth rate registered above 40%.

 

The growth rate of aftermarket and the growth rate of pre-installed market displayed a negative correction, which will change future automotive navigation market. As of 2015, the market shares of China’s pre-installed automotive navigators will reach 31.6% from 16.7% at present. In the same period, market penetration rate of pre-installed automotive navigators also will register around 20%.

 

Chinese navigation market was influenced by Japan. As for product forms, Japan and China both mainly produce In-Dash products. Since 2006, PND products have witnessed rapid development, however, the development of PND products lacked in strength on account of copycat products disrupting the market.

 

Currently, aftermarket automotive navigation is the most vigorous segment in China with most output value. In 2012, the shipments of China aftermarket automotive navigation market roughly generated 6.624 million sets, which nearly equating to 6.5 times more than that of pre-installed automotive navigation market.

 

Meanwhile, China’s GPS navigators witnessed vigorous development. Mobile phone manufacturers and operators and online application stores promote and sell mobile navigation products. Currently, taking the most eye-catching Apple App stores for an example, Careland and Autonavi were among the top ten fast selling applications in China throughout the year.

 

Automobiles to be equipped with GPS navigations that serve as standard configuration have represented an irresistible trend. The popularizing rate of GPS in American automobiles comprised 65%, and the rate was higher in EU countries and Japan, registering 73% and 76% respectively. By comparison, the popularizing rate of auto GPS was less than 10% in China.

 

Although this rate reflects a huge gap between China and developed countries, however, with the increasing vehicle population, cars have become the needed products in many Chinese families, and GPS serves as an important component in vehicles, thus the popularizing rate grow rapidly, which brought commercial opportunities for GPS market.

 

About Us

Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

 

For more information visit: Radiant Insights

 

Contact:                                                  

Michelle Thoras

Corporate Sales Specialist, USA

Radiant Insights, Inc

Phone: 1-415-349-0054

Toll Free: 1-888-202-9519

Email: sales@radiantinsights.com

Blog URL: http://sagarkadam.kinja.com/

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