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(Transportation-News.com, February 26, 2019 ) Automotive industry throughout the globe is evolving and adopting advanced technological developments and innovations, along with increased focus on driver’s comfort and safety. The car audio market is also witnessing several developments in the technology such as voice-enabled audio systems and smartphone controlled audio systems. Further, with the development of ADAS and connected cars technology, the car audio market is experiencing a drastic change with companies focusing on their product development to efficiently compete with their rivals.
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In terms of revenue, company fitted car audio system captures larger share as compared to aftermarket car audio systems. However, the market for both company fitted and aftermarket audio systems are experiencing growth in terms of volume but company fitted audio system are expensive hence, it is expected to dominate. Further, most of the OEMs provide branded audio systems resulting in the larger share for branded audio systems than non-branded audio systems. These OEMs partners with varied car audio manufacturers for their different car models, depending on the technology and cost.
In terms of revenue, company fitted car audio system captures larger share as compared to aftermarket car audio systems. However, the market for both company fitted and aftermarket audio systems are experiencing growth in terms of volume but company fitted audio system are expensive hence, it is expected to dominate. Further, most of the OEMs provide branded audio systems resulting in the larger share for branded audio systems than non-branded audio systems. These OEMs partners with varied car audio manufacturers for their different car models, depending on the technology and cost.
Some of the key players of car audio market include 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
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The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com 
Source: EmailWire.com
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