TechNavio today launched its report Global Automotive Audio System Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The fast-paced growth in the emerging economies offers huge growth potential for the Global Automotive Audio System market. Despite the global economic slowdown, growth in the East Asia and Pacific region and in South Asia (particularly China and India) has been robust. This was majorly due to a massive fiscal stimulus package in China and India’s skillful macroeconomic management. In the coming years, growth is expected in the BRIC countries, while developed countries are expected to witness static sales or declines. With high competition and saturated markets, most of the global automotive firms have shifted their focus to these regions for new growth avenues. Hence, this creates an opportunity for various automotive products and solutions across emerging markets.”
According to the report, the pace of vehicle production and sales across the globe has important implications for the growth of the Global Automotive Audio System market. The automobile production will largely be observed in Asia and in European countries. For instance, it is estimated that automobile ownership in China will increase tremendously by 2020. Similarly, automobile ownership in India is expected to increase in the coming years. Due to the increase in automobile production and demand in the emerging countries, the demand for automobile audio systems is expected to increase steadily in the coming years.
Further, the report also discusses that increasing counterfeit products are the major threat to vendors, as they are affecting the sales and the image of the branded products.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players. For further information on this report, please visit http://goo.gl/WfPXx
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Automotive, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Report – Global Automotive Audio System Market 2011-2015
