Research and Markets: Global In-dash Navigation Systems Market 2010-2014 Report - In-dash Navigation Systems Introduces Speech Recognition Systems

DUBLIN--September 23, 2011: Research and Markets has announced the addition of the "Global In-dash Navigation Systems Market 2010-2014" report to their offering.

This report, which covers the Americas and the EMEA region, indicates that the market is being driven by the increasing need for minimizing fuel consumption and reduction of vehicle pollution.

According to Technavio's industry analyst, With In-dash Navigation devices drivers now have the luxury of choosing the optimum route to get to their destination. By avoiding traffic and longer routes, drivers are able to save on fuel cost. Moreover, with digital maps providing additional features, such as points of interest, drivers are easily able to locate restaurants, gas stations, hospitals etc.

The report also highlights that the increasing popularity of GPS-enabled smartphones is hindering the growth of this market. However, the inclusion of live traffic updates and traffic management in these systems is expected to keep driving the market. This market is also marked by the introduction of speech recognition systems. These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.

Technavio's analysts forecast the Global In-dash Navigation Systems market to grow at a CAGR of 6.4 percent over the period 2010-2014. One of the key factors contributing to this market growth is the increasing number of collaborations between automobile manufacturers and in-dash manufacturing companies. The Global In-dash Navigation Systems market has also been witnessing increasing product commoditization for in-dash navigation systems. However, increasing popularity of GPS-enabled smartphones could pose a challenge to the growth of this market.

Key vendors dominating this market include Garmin Ltd., Pioneer Corp., TomTom N.V., and MiTAC International Corp.

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