The Car Audio Market report gives a well-defined perspective of the market alongside the development rate and the future market prospect. Assist the report covers market potential and preferred standpoint, opportunity and challenge and risks which is extremely helpful from the business perspective.
Car Audio Market is expected to grow US$ 6.46 billion and US$ 5.65 billion by 2025 from US$ 3.85 billion and US$ 3.34 billion in 2016 respectively for Europe and North America.
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Highlights of the Global Car Audio Market Report:
- Segmentation details of the market
- Necessary modification of the market dynamics
- Detailed analysis of the parent market
- Estimating role of industrial growth and advancement
- Current, precedent, and future market research in terms of value and volume
- Major strategies of the dominating players
The branded car audio systems are anticipated to dominate the market owing to its increasing adaption by the manufacturers as well as the end-users. The inclination of the customers towards the branded car audio systems is majorly due to the quality and after sale services offered by these brands. Moreover, the increasing ability of the end-users to spend on the audio systems of the vehicles has also contributed towards the growth of the overall car audio market.
The List of Companies
1. Alpine Electronics, Inc.
2. Clarion Co., Ltd.
3. HARMAN International
4. JVC Kenwood Corporation
5. Panasonic Corporation
6. Pioneer Corporation
7. Sony Corporation
8. Delphi Automotive PLC
9. Bose Corporation
10. JL Audio Corporation
11. Blaupunkt GmbH
A key trend which will predominantly affect the car audio market in the coming year is the integration of wireless technology with the car audio systems. Due to the increasing penetration of smartphones, and intensifying completion, the car audio manufacturers have been seen working towards the integration of advanced technologies, such as touch-screen, voice controlled and smartphone. However, due to the development of large number of mobile applications supporting the accessibility to the daily chores (inclusive of car functions, such as accessibility of car audio devices) the car audio industry is foreseen to tap into the increasing demand for more such facilities and also ensure that it is keeping pace with consumer expectation and preferences.
Car audio market by component type is segmented into speaker, head units, amplifiers and others (this includes sub-woofers and other small parts of the audio system). The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Car audio market. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis.
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The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the car audio market.
Reasons for Buying This Report:
- This report provides pin-point analysis for changing competitive dynamics.
- It provides a forward-looking perspective on different factors driving or restraining market growth.
- It helps in understanding the key product segments and their future.
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors.
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.
This post was originally published on Analytics News