Telenav #1 in Navigation Software for Vehicles Produced in North America in 2018
October 02 2019 - 8:00AM
Business Wire
Automotive Infotainment Headunit Systems
Forecast from IHS Markit Shows Company with 26% Market Share
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
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements relate to anticipated
financial performance, management’s plans and objectives for future
operations, business prospects, product offerings and performance,
market penetration, and other matters. Any forward-looking
statement made in this press release speaks only as of the date on
which it is made. Telenav undertakes no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future developments or otherwise.
Forward-looking statements can be identified by various words such
as “expects,” “intends,” “will,” “anticipates,” “believes,”
“confident,” “continue,” “propose,” “seeks,” “could,” “may,”
“should,” “estimates,” “forecasts,” “might,” “goals,” “objectives,”
“targets,” “planned,” “projects,” and similar expressions. These
forward-looking statements are based on management’s current
beliefs and assumptions and on information currently available to
management. Telenav cautions that these statements are subject to
risks and uncertainties, many of which are outside of Telenav’s
control and could cause future events or results to be materially
different from those stated or implied in this document, or to not
occur at all, including among others, risk factors that are
described in Telenav’s Annual Report on Form 10-K and quarterly
report on Form 10-Q, and other filings with the U.S. Securities and
Exchange Commission (“SEC”), which are available at the SEC’s
website at www.sec.gov. Given these uncertainties, you should not
place undue reliance on these forward-looking statements.
About Telenav
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.
Copyright 2019 Telenav, Inc. All Rights Reserved.
Telenav and the “Telenav” logo are trademarks of Telenav, Inc.
All rights reserved. Unless otherwise noted, all other trademarks,
service marks, and logos used in this press release are the
trademarks, service marks or logos of their respective owners.
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Raphel Finelli Telenav, Inc. 408-667-5970
Raphelf@telenav.com
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