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Global Car Audio System Market Emerging Trends, Advance Technology Research, Key Manufacturers, Competitive Analysis and Development Forecasts to 2025
THE INSIGHT PARTNERS
Car audio system 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.
The branded car audio systems is 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 overall car audio system market.
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Key trend which will predominantly effect the car audio system market in coming year is integration of wireless technology with the car audio systems. Due to the increasing penetration of smartphones, and intensifying completion, the car audio manufactures 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 system 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 system market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. 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 system market.
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Reason to Buy
-Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends of the market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Some of the important players
Alpine Electronics, Inc.
Clarion Co., Ltd.
HARMAN International
JVC Kenwood Corporation
Panasonic Corporation
Pioneer Corporation
Sony Corporation
Delphi Automotive PLC
Bose Corporation
JL Audio Corporation
Blaupunkt GmbH
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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