According to the market research report released by Technavio, the global automotive satellite radio market is expected to accelerate at a CAGR of nearly 8% during the forecast period. The increasing penetration rate of satellite radios in automobiles is one of the key factors triggering the growth of the market.
This research report titled ˜Global Automotive Satellite Radio Market 2018-2022 provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global automotive satellite radio market into the following end-users:
The OEM segment accounted for over 80% of the global automotive satellite radio market share in 2017 owing to the increase in complementary subscription of satellite radio service in the vehicles sold in the US and Western European economies.
Global automotive satellite radio market: Top emerging trend
Advances in satellite radio technology with digitalization is an emerging trend in the automotive satellite radio space. The automotive radio as a whole has been one of the dominant contributors to the automotive in-car entertainment system market. Though there have been emerging connectivity solutions in the automotive industry, the vendors and service providers operating in the automotive radio market are continuously working on innovating satellite radios to consolidate the automotive radio market.
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Technavios sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavios report provides expert market research on the following topics:
- Market Outline
- Global Automotive Satellite Radio Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by end-user (OEM and aftermarket)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Alpine Electronics, Clarion, Delphi, HARMAN International, and Pioneer Electronics)
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