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India In-Car Entertainment Systems Market
June 8, 2015 | Business WireEstimated reading time: Less than a minute
Research and Markets has announced the addition of the "India In-Car Entertainment Systems Market (2015-2021)"report to their offering.
'India In-Car Entertainment Systems Market (2015-2021): Market Forecast By Head Unit Types, Navigation Systems, Speaker Types, Fit and Regions'
Growing automobile industry, increasing market for smartphones, increasing tie ups of car manufacturers with the in-car entertainment system manufacturers coupled with declining prices and rising penetration of infotainment systems are the factors that have resulted in overall growth of in-car entertainment systems market in India.
According to this report, India In-Car Entertainment market revenue is projected to grow at a CAGR of 5.3% during 2015-21. In India's in-car entertainment market, speaker and head unit segments accounted for majority of the market revenue. However, in the forecast period, higher growth of infotainment systems would be witnessed in the country.
OEM market accounted for major revenue share in the overall market and its share is expected to increase further in the forecast period. On the other hand, aftermarket revenue is primarily generated from mid-size and small car segments.
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