Car Electronics and Communication Accessories Market to Witness CAGR of 5.7% Increase in Value Share by 2024

Global car electronics and communication accessories market is projected to exhibit a CAGR of 5.7% in terms of value and 3.6% in terms of volume during 2016-2024

In a recently published report, Persistence Market Research examines the performance of the global car electronics and communication accessories market over an eight-year period (2016 - 2024). The report analyzes market opportunities and presents updates and insights pertaining to various segments of the global car electronics and communication accessories market over the forecast period.

Car electronics and communication systems are accessories in cars that enhance the overall driving experience of vehicle owners in terms of entertainment and connectivity. A wide range of car electronics accessories and communication systems are available in the market each serving different purposes such as car LCDs, car stereos, speakers, GPS systems, and Bluetooth kits among others.

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To understand consumption patterns and to assess opportunities in the car electronics and communication accessories market, the report is divided into four sections namely, by product type, by vehicle type, by distribution channel, and by region. The report analyzes the global car electronics and communication accessories market in terms of market volume and market value. The report also includes an in-depth analysis of key drivers, restraints, and trends witnessed in the market. The report further highlights existing opportunities in the global market to equip the client with pertinent decision-making insights.

The subsequent sections analyze the global car electronics and communication accessories market on the basis of product type, vehicle type, distribution channel, and region, and present a comprehensive forecast for the period 2016 - 2024. The report covers an in-depth analysis of all components of the global car electronics and communication accessories market value chain.

In the final section of the report on the global car electronics and communication accessories market, a competitive landscape is included to provide a dashboard view of global car electronics and communication accessories manufacturers, retailers, and distributors. Some of the key market players profiled in the report are Sony Corporation, Pioneer Corporation, Garmin Ltd., TomTom International, Alpine Electronics, Inc., Delphi Automotive, Clarion Co. Ltd., Blaupunkt, JVC Kenwood Corporation, and Lighterking Enterprise Co. Ltd.

Research methodology

To deduce the global car electronics and communication accessories market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by product type, vehicle type, and distribution channel; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the global car electronics and communication accessories market.

The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the global car electronics and communication accessories market.

To develop the market forecast, Persistence Market Research has also conducted a factor analysis to understand the impact of various forces/factors on the target market. The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities.

Another key feature of this report is an analysis of the global car electronics and communication accessories market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global car electronics and communication accessories market. Further, to understand key segments in terms of their growth and overall global car electronics and communication accessories market performance, Persistence Market Research has developed a market attractiveness index to help providers identify existing market opportunities in the global car electronics and communication accessories market.

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Key market players

Sony Corporation, Pioneer Corporation, Garmin Ltd., TomTom International, Alpine Electronics, Inc., Delphi Automotive, Clarion Co. Ltd., Blaupunkt, JVC Kenwood Corporation, and Lighterking Enterprise Co. Ltd. are some of the leading companies operating in the global car electronics and communication accessories market.

This report covers a thorough analysis of:

• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

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Report highlights:

• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint

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The Automotive and Transportation division of PMR provides exclusive coverage and actionable insights about the automotive and transportation industry encompassing the automotive, aviation, shipping and marine, and railway sectors. Market findings and competition intelligence of OEM, aftermarket, services, and technology landscape have helped numerous industry stakeholders' right from automakers, component manufacturers, channel partners, and service providers in taking informed decisions and keeping them up-to-date with market behavior.

This release was published on openPR.