Global Automotive Satellite Radio Market 2018-2022
About Automotive Satellite Radio
Satellite radio in automotive applications offers superior signal and clearer audio quality in addition to having a wider coverage than that of conventional radios such as terrestrial radio station of any region/country.
Technavio’s analysts forecast the Global Automotive Satellite Radio Market to grow at a CAGR of 7.84% during the period 2017-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Automotive Satellite Radio Market. To calculate the market size, the report considers the demand for automotive satellite radio in modern vehicles.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Satellite Radio Market 2018-2022
Technavio recognizes the following companies as the key players in the Global Automotive Satellite Radio Market: Alpine Electronics , Clarion,Delphi, HARMAN International, and Pioneer Electronics.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is advances in satellite radio technology with digitalization.”
According to the report, one driver influencing this market is the satellite radio enables advanced traffic information and tracking system.
Further, the report states that one challenge affecting this market is the emerging radio substitutes and connectivity solutions.