Frost & Sullivan will hold a conference call at 3:00 p.m. (EST) on Thursday March 20, 2003 to provide manufacturers, end-users and other industry participants an overview, summary, challenges and latest coverage on the North American Automotive Entertainment and Navigation Systems Market. Those interested in participating in the call should send an email to Cynthia Cabral – Media Relations Executive at [email protected]
New analysis from Frost & Sullivan (www.transportation.frost.com), North American Automotive Entertainment and Navigation Systems Market, reveals that the original equipment (OE) and aftermarket sales generated revenues of $1.2 billion in 2002, and are expected to reach $4.7 billion in 2008. "Multimedia delivery platforms and new products such as DVD-based rear-seat entertainment systems with multi-channel surround sound audio, voice-based navigation systems, satellite radio, and compressed-audio (MP3) playback systems are redefining the in-vehicle entertainment experience," says Frost & Sullivan Research Analyst Veerender Kaul. "With navigation systems entering high-volume vehicles, such as Toyota Camry and Honda Accord, the market is poised for strong growth," says Kaul. "Manufacturers endeavor to provide easy-to-use multifunctional devices based on flexible system architectures to meet the varied end-user demands," adds Kaul. "Ability to deliver continuous price-performance improvement is critical for market success."