Global Automotive Satellite Radio Market 2018-2022

Below are some of the key findings from this automotive satellite radio market research report

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Global automotive satellite radio industry overview

Availability of advanced traffic information and tracking systems will be one of the major factors triggering the growth of the automotive satellite radio market. The increasing preference for satellite radios in automobiles is mainly due to its benefits such as utilization as surveillance equipment and feature to act as a tracker device. The growing electronic content in vehicles and telematics solutions have resulted in the emergence of connected car solutions. Such connected solutions increase the comfort and convenience of users. Although the integration of connected solutions can make the vehicle more prone to thefts, they can also assist in tracking the lost vehicle. The advantage of using satellite radio as a tracking device will drive the growth of the automotive satellite radio market  size in the forthcoming years.

Advances in satellite radio technology with digitalization is identified as one of the key automotive satellite radio market trends gaining prominence in the market. The automotive radio market 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. Present and upcoming radio technologies are becoming more interactive in nature due to rapid digitalization. The increasing penetration rate of satellite radios in automobiles will trigger the automotive satellite radio market size to grow at a CAGR of nearly 8% in the forecast period.

Top automotive satellite radio companies covered in this market research report

The automotive satellite radio market is fairly fragmented. By offering a complete analysis of the market’s competitive landscape and information on the products offered by the companies, this automotive satellite radio industry analysis report will help clients to identify new growth opportunities and design new growth strategies.

The report offers a complete analysis of various companies including:

• Alpine Electronics
• Clarion  
• Delphi  
• HARMAN International
• Pioneer Electronics

Automotive satellite radio market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies, the EMEA will dominate the global automotive satellite radio market, accounting for a market share of approximately 52%, followed by the Americas and APAC respectively. The increasing introduction rate of satellite radios in western European regions will drive the market’s growth in the region.

Automotive satellite radio market segmentation based on end users

• OEM
• Aftermarket

The OEM segment will account for over 80% of the global automotive satellite radio market share in 2017 owing to the increase in the complementary subscription of satellite radio service in the vehicles sold in the US and Western European economies. Additionally, the report also provides an accurate prediction of the contribution of the various end users segments to the growth of the automotive satellite radio market size.

Key highlights of the global automotive satellite radio market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the automotive satellite radio market size during the next five years
• Precise estimation of the global automotive satellite radio market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive satellite radio industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of automotive satellite radio companies

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