Aftermarket for Touchscreen Infotainment System - 2.16% CAGR to 2020

PUNE, India, Nov. 21, 2016 /PRNewswire-iReach/ -- The global aftermarket for touchscreen infotainment system analyst says one of latest trends in the market is growing dependence on upgraded infotainment systems. There is a growing trend of spending more on traveling. Increased disposable income, growing aspiration for traveling among millennials, technological advancements, and increased spending of time on social media have increased the propensity of individuals to spend more on traveling. Individuals spend a good portion of their savings on traveling and consider it to be an important part of life. Traveling by a car using a GPS system makes it much simpler. Car navigation systems allow the drivers to locate their destination easily.

Photo - http://photos.prnewswire.com/prnh/20161121/441489

Complete report on aftermarket for touchscreen infotainment system spread across 51 pages, analyzing 4 major companies and providing 38 data exhibits is now available at http://www.reportsnreports.com/reports/749316-global-aftermarket-for-touchscreen-infotainment-system-2016-2020.html

The following companies are the key players in the global aftermarket for touchscreen infotainment system: Pioneer, Alpine Electronics, JVCKENWOOD, and Blaupunkt. Other prominent vendors in the market are: CASKA, Sony, and MapmyIndia.

This analyst forecast the global aftermarket for touchscreen infotainment system to grow at a CAGR of 2.16% during the period 2016-2020. According to the aftermarket for touchscreen infotainment system report, one of the primary drivers in the market is increasing predisposition toward smartphone integration. Smartphones have become one of the most widely used technologically advanced devices in the world, and their dominance will increase in the coming years. Consumers want all their devices to be connected with their smartphones to remain connected. Smartphones can easily be integrated and are compatible with the touchscreen infotainment system. Touchscreen systems provide the platform for smartphone integration.Order a copy of Global Aftermarket for Touchscreen Infotainment Systems2016-2020 report @http://www.reportsnreports.com/purchase.aspx?name=749316 

Global Aftermarket For Touchscreen Infotainment System 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global aftermarket for touchscreen infotainment system for 2016-2020. To calculate the market size, the report presents the major drivers that influence the growth of the global aftermarket for touchscreen infotainment system.

The ongoing drop in smartphone prices is fuelling their adoption by consumers, especially in the emerging economies such as India, China, Brazil, and Japan. Factors such as advancements in technology, improved accessibility, and usability also play a vital role in driving the demand for the integration of smartphones with touchscreen infotainment systems. The increase in internet accessibility also acts as an incentive for the adoption of smartphones across the globe.

Further, the aftermarket for touchscreen infotainment system report states that one major challenge in the market is increase in OEM fitments. There has been an increase in the fitment of touchscreen infotainment system by OEMs. From 2016 onward, there will be a growing trend of replacing dual-DIN non-touch screen systems with touchscreen infotainment systems. More vehicles even in entry-level variants will be equipped with touchscreen infotainment system fitted by OEMs. As a result, increase in OEM fitment will pose a big challenge to the aftermarket touchscreen infotainment system suppliers.

About Us:

ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.

Media Contact:Ritesh Tiwari, ReportsnReports, + 1 888 391 5441, sales@reportsandreports.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE ReportsnReports