In-Car Entertainment System Market with Current Trends Analysis, 2014-2020
Future Market Insights has announced the addition of the “In-Car Entertainment System Market: Asia Pacific Industry Analysis and Opportunity Assessment 2014 - 2020” report to their offering.
Future Market Insights has announced the addition of the “In-Car Entertainment System Market: Asia Pacific Industry Analysis and Opportunity Assessment 2014 - 2020” report to their offering.
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Asia Pacific<br />
<strong>In</strong>-<strong>Car</strong><br />
<strong>Entertainment</strong><br />
<strong>System</strong> <strong>Market</strong><br />
Share, Global <strong>Trends</strong>,<br />
<strong>Analysis</strong>, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
<strong>2014</strong>-<strong>2020</strong><br />
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Report Description<br />
<strong>In</strong>-car entertainment (ICE) systems are the set of hardware devices and software (installed<br />
<strong>with</strong>in the car unit). They are used for entertainment and information purpose like navigation,<br />
music and communication. These products offer the passenger <strong>with</strong> enhanced experience and<br />
greater comfort while driving the car. These products are gaining more popularity worldwide<br />
among customers and original equipment manufacturers (OEMs) of cars. <strong>In</strong>-car entertainment<br />
includes various systems like audio system, internet radio, DVD player, rear seat gaming system,<br />
etc. These devices provide a better connectivity, more comfort and increased safety to driver<br />
and passengers, and these are the most important factors for customers while purchasing a new<br />
car.<br />
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The global in-car system market is expected to grow two fold from <strong>2014</strong> to <strong>2020</strong>. The market is<br />
driven by three major factors, rise in passenger car market across the globe, growing<br />
transportation & communication infrastructure and increasing awareness about sophisticated<br />
features of in-car entertainment systems. These factors collectively are expected to drive the<br />
growth in the global market over the next six years. Emerging economies such as Asia, Eastern<br />
Europe and Latin America are expected to offer promising growth when compared <strong>with</strong> North<br />
America. <strong>In</strong> terms of revenue, Asia-Pacific (APAC) was the major contributor followed by North<br />
America, Europe and Rest of World (RoW) respectively in financial year 2013.<br />
APAC is expected to maintain its dominance in global in-car entertainment system market due to<br />
presence of major car manufacturer such as Hyundai, Ford, Volkswagen and Toyota. Growing<br />
consumer electronics market in China and <strong>In</strong>dia are the major markets for in-car entertainment
Report Description<br />
However, the market for in-car entertainment system is expected to grow at a low growth rate in<br />
Japan and South Korea, due to maturity in automotive industry in these countries. For the year<br />
<strong>2014</strong>-<strong>2020</strong>, China is expected to exhibit highest CAGR followed by <strong>In</strong>dia, due to rise in<br />
penetration rate of passenger vehicles, rise in per capita income and increasing demand for incar<br />
entertainment system.<br />
The in-car entertainment system market is broadly segmented on the basis of product type and<br />
channel type. Product type segment is further segmented into audio players, video display<br />
screen, navigation unit, accessories, rear seat entertainments, speakers, etc. <strong>In</strong> the APAC ICE<br />
market, audio players segment is the major contributor in terms of value, followed by video<br />
display unit, speakers, navigation units and others. <strong>In</strong> terms of channel the market is classified<br />
into two segments which are OEMs and aftermarket. The contribution from aftermarket is<br />
largest in the market.The penetration rate of in-car entertainment systems through OEMs is<br />
more in premium and luxury cars. <strong>In</strong> terms of value and volume, aftermarket segment has<br />
highest contribution in mid-range cars.<br />
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Key participants in the APAC in-car entertainment systems market focus on research and<br />
development activities in order to introduce advanced and cost-effective product <strong>with</strong> up<br />
graded technology and features for end-users. Some of the major players in the APAC in-car<br />
entertainment systems market include Panasonic Corporation, Delphi Automotive PLC, Alpine<br />
Electronics<strong>In</strong>c., Denso Corporation, Harman <strong>In</strong>ternational <strong>In</strong>dustries, Pioneer Corporation, JVC<br />
KENWOOD Corp. and Robert Bosch GmbH. Some of the key players in services are Aha-Harman<br />
and MeeGo. The key software (platform) vendors for in-car entertainment systems are <strong>In</strong>tel
Report Description<br />
The demand for in-car entertainment systems is expected to grow exponentially in APAC<br />
region. Smart technology devices have become essential part of consumers’ life-style in<br />
recent years, some of the major features of in-car entertainment systems are better<br />
connectivity, better user experience, hands-free operation and variety of entertainment<br />
options. Manufacturers of in-car systems are coming up <strong>with</strong> upgraded technologies like<br />
smartphone connectivity, internet-enabled features, multiple USB port, Bluetooth<br />
interface, wireless connectivity, mobile phone application compatibility and better ability<br />
to play high definition audio and video. This frequent technological development is<br />
expected to add value and spur the demand of in-car entertainment system in APAC.<br />
Browse full report: http://www.futuremarketinsights.com/reports/asia-pacific-in-carentertainment-system-market
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