News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
Home : U.S. Government News Search Engine                          
(USGovernment-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.
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
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including: