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(I-AutoNewsWire.com, May 24, 2018 ) 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.
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Companies Mentioned:
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 Blaupunkt GmbH
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Source: EmailWire.Com
Source: EmailWire.com
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