IndustryARC™

Car Audio Industry: increasing demand for radio cars for infotainment to drive the scope in future

Press Release   •   Nov 24, 2016 15:37 EST

Summary:

The car radio or music system is highly demanded in any vehicle for entertainment purposes and the car stereo installation is a mandatory unit in the vehicle. Car audio store are investing high revenue for supplying light weight portable car stereos. There is high scope for the Car Audio Industry with growing sales of cars with stereo installation units in automotive companies in various regions across the globe in upcoming years.

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Topics Covered in this Report:

Scope and Regional Forecast of the Car Audio Industry:

In the Car Audio Industry, companies are investing capital for developing portable music systems for convenience of installation in the vehicles. Automotive industry is investing to improve stereo for implementing it along with navigation unit for driver’s assistance.

North America and Europe are expected to have healthy growth in the Car Audio Industry owing to the huge investment for car stereo technology in these regions. The US and Germany are the major markets for this industry in these regions respectively.

Asia Pacific is expected to show the fastest growth in the Car Audio Industry due to the high population, improving standard of living and many manufacturers of audio devices are in this region as in China, Japan, Taiwan and others.

The Car Audio Industry is fast growing market with high demand for car stereo installation and other components of the auto audio car system in automotive industry in various regions across the globe. This market is expected to have high growth owing to increasing sales of car electronics in different types of vehicles, growth in production of car audio installation and car radio installation units and huge scope for Bluetooth car radio and custom car audio equipment in automotive companies in various regions across the globe in the upcoming years.

Segmentation and Key Players of the Car Audio Industry:

The Car Audio Industry is segmented into various categories by vehicle type and by geography as follows:

By vehicle type: passenger cars, light weight vehicles and heavy weight vehicles

By geography: North America, South America, Europe, Asia Pacific and ROW

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Some of the key players in the Car Audio Industry are as follows:

  • Hertz
  • Clarion
  • Panasonic
  • Sony
  • Samsung

The car audio shops are anticipated to have high sales of mobile audio car system for car sounds for infotainment applications in various regions across the globe in the upcoming years.

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