Car audio system Market to 2025 - Global Analysis and Forecasts by Pr Car Audio System Market | Page 2
Car Audio System Market to 2025
Publication Month: Oct 2017 | No. of Pages: 166 | Report Code:
TIPTE100000693 | Category: Automotive and Transportation
Introduction:
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.
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.
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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