"Component Type (Speaker, Head Unit, Audio Visual, Amplifier, and Others),
by Technology (Voice Recognized and Non-Voice Recognized), by Accessibility
(Smartphone Controlled and Manual Controlled), and by Make Type
(Branded/Premium audio system and Non-branded audio system) - North America
& Europe Analysis and Forecast" The scope of study involves
understanding on the factors responsible for this growth of car audio system
market along with the estimates and forecasts of the revenue and market share
analysis and also spots the significant car audio system players in the market
and their key developments.
Car Audio Systems Market to 2025 - North America and Europe Analysis and Forecast by Component Type, technology, accessibility and make type. The 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. Car Audio technology is witnessing a high growth owing to several developments in the technology such as voice-enabled audio systems and smartphone controlled audio systems. Also, with the development of ADAS and connected cars technology, the car audio market is expected to experience dramatic change, where the company's focus would shift towards their product development to efficiently compete with their rivals.
Some of the remarkable partnership and collaboration in this industry are Collaboration between Berlin Phil Media and Panasonic in order to develop audio/visual technologies that enable improvisation of hi - resolution audio and 4K/HDR video platforms. Furthermore, Panasonic automotive and IBM also joined their forces to offer fleet providers and OEMs with a set of cognitive vehicle solutions. This mainly focuses upon promotion of Panasonic's Cognitive Infotainment platform. Apart from this HARMAN also collaborated with Conexant systems. This collaboration aimed towards delivery of premium end - to - end audio and voice solutions for manufacturers of voice enabled devices. Voice controlled car audio system are one of the key trends in the future, driving the overall car audio market during the forecast period. Therefore, more and more car audio system manufacturers are focusing upon technological up gradation of their existing portfolio, subsequently fueling towards the growth of car audio market.
The car audio system market by geography is segmented into two region including North America and Europe. Europe is estimated to account for the largest share of the car audio system market in 2016, followed by North America. Germany and UK being two key countries in Europe region which will lead car audio market in this region and is also expected to continue its dominance throughout the forecast period from 2016 to 2025. The report profiles key players such Panasonic Corporation, Pioneer Corporation, Alpine Electronics, Inc., Kenwood Corporation, Harman International Industries, Inc., Clarion Co., Ltd., Sony Corporation, Delphi Automotive PLC, Bose Corporation, JL Audio and Blaupunkt GmbH among others.
The report segments the car audio system market as follows:
Global Car Audio System Market - By Component Type
Head Unit (including Audio Visuals)
Global Car Audio System Market - By Technology
Global Car Audio System Market - By Accessibility Type
Smart Phone Controlled
Global Car Audio System Market - By Make Type
Global Car Audio System Market - By Geography
Rest of Europe