Car Electronics and Communication Accessories Market Valued US$ 100.75 Bn by the End of 2024

New York City, NY -- (SBWire) -- 11/07/2017 --According to a recent report published by Persistence Market Research titled "Car Electronics & Communication Accessories Market: Global Industry Analysis and Forecast 2016-2024", the global car electronics and communication accessories market is anticipated to reach a market valuation of US$ 100.75 Bn by the end of 2024, registering a CAGR of 5.7% over an eight-year forecast period (2016 – 2024). In the report, Persistence Market Research analyzes the key factors and trends impacting overall market performance of the global car electronics and communication accessories market.

The global car electronics and communication accessories market is segmented by Product Type into LCDs, Mobile Chargers, Cigarette Lighters, Music System, and Communication; by Vehicle Type into Passenger Cars and Pickup Trucks; by Distribution Channel into OEM and Aftermarket; and by Region into North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.

View Full Report TOC, Figures and Tables @ https://www.persistencemarketresearch.com/market-research/car-electronics-and-communication-accessories-market/toc

The LCD product type segment is expected to register a comparatively high CAGR over the forecast period. This segment is estimated to be valued at US$ 15.45 Bn in 2016 and is expected to reach US$ 23.96 Bn by 2024. In the vehicle type category, the Passenger Cars segment is likely to emerge as the dominant segment, estimated to be valued at US$ 60.14 Bn in 2016 and expected to reach US$ 93.39 Bn by 2024, with a CAGR of 5.7% over the forecast period.

Among regions, the Asia-Pacific market is estimated to be valued at US$ 21.61 Bn by 2016 end and is expected to register a CAGR of 5.6% over the forecast period. Europe is likely to be the second largest market by value and is estimated to be valued at US$ 20.50 Bn by 2016 end with a CAGR of 5.9%.

Report Overview @ https://www.persistencemarketresearch.com/market-research/car-electronics-and-communication-accessories-market.asp

The report profiles some of the leading companies operating in the global car electronics and communication accessories market. Leading market players featured in the report are Sony Corporation, Pioneer Corporation, Garmin Ltd., TomTom International, Alpine Electronics, Inc., Delphi Automotive, Clarion Co. Ltd., Blaupunkt, JVC Kenwood Corporation, and Lighterking Enterprise Co. Ltd. Market leaders are focusing on a vertical integration of their supply chain and are entering into strategic collaborations with automotive manufacturers to move up the value chain and cement their foothold in the global car electronics and communication accessories market.

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About Persistence Market Research
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