Automotive Infotainment Headunit Systems Forecast from IHS Markit Shows Company with 26% Market Share
SANTA CLARA, Calif.–(BUSINESS WIRE)–Telenav®, Inc. (NASDAQ: TNAV), a leading provider of connected-car and location-based services, was declared the number one supplier in 2018 of navigation software engines installed in vehicles produced in North America, based on volume, with a 26 percent market share according to the latest IHS Markit Infotainment Headunit Systems Forecast (August, 2019).
Telenav’s navigation solution powers some of the world’s largest automotive manufacturers’ embedded navigation offerings. The solution allows OEMs to deliver a navigation experience to their customers that seamlessly blends in-vehicle functionality with cloud-based intelligence. It includes proactive destination recommendations with ETA based on predictive modeling, incorporating real-time traffic alerts, speed flows, and accurate ETAs. Map data is kept relevant and accurate with timely over-the-air updates. Telenav’s navigation solution also stands out in its ease-of-use, with intelligent search features, integrated voice recognition, and directions to car-related services such as fuel and parking.
A summary of the Telenav navigation solution’s key features includes:
- Real-time traffic and ETA
- Easy destination entry with One Box Search with auto-suggest and word prediction
- Rich POI information that shows reviews, hours of operation, and gas and parking prices
- Smart POI rendering showing fuel options when gas is low, and parking options when approaching destination
- Cloud-connected smart voice-assistance experience
- Seamless over-the-air map updates with minimal user interaction
“Telenav was among the first companies to bring GPS navigation to mobile consumers,” stated Sal Dhanani, Telenav Co-President, Automotive Business Unit. “Now, there are more than 24-million vehicles equipped with our navigation systems on the road, more than 14 million of which are connected cars. In fact, according to IHS Markit, in 2018, Telenav navigation software engines were embedded in more vehicles produced in North America than any other navigation supplier, with 2018-unit sales totaling 1.4 million.”
The IHS Markit Infotainment Headunit Systems Forecast provides an overview of the current landscape of infotainment head-unit systems for cars as well as an in-depth demand outlook for the systems, main players, and market drivers at global and regional levels. The infotainment headunit is the command center of a vehicle’s entertainment functions, including radio tuner, media connectivity, audio playback, and navigation, as well as the human-machine interface element (center stack display).
Forward Looking Statements
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Telenav is a leading provider of connected car and location-based services, focused on transforming life on the go for people – before, during, and after every drive. Leveraging our location platform, we enable our customers to deliver custom connected-car and mobile experiences. To learn more about how Telenav’s location platform powers personalized navigation, mapping, big data intelligence, social driving, and location-based advertising, visit www.telenav.com.
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