Global Market Study on Car Electronics & Communication Accessories: Passenger Cars Vehicle Type Segment Expected to Dominate the Market


  • Report code : PMRREP11893 |
  • Industry : Automotive |
  • Published On : Oct-2016 |
  • Pages : 208 Pages |
  • Format :

In a recently published report, Persistence Market Research examines the performance of the global car electronics and communication accessories market over an eight-year period (2016 – 2024). The report analyzes market opportunities and presents updates and insights pertaining to various segments of the global car electronics and communication accessories market over the forecast period.

Car electronics and communication systems are accessories in cars that enhance the overall driving experience of vehicle owners in terms of entertainment and connectivity. A wide range of car electronics accessories and communication systems are available in the market each serving different purposes such as car LCDs, car stereos, speakers, GPS systems, and Bluetooth kits among others.

To understand consumption patterns and to assess opportunities in the car electronics and communication accessories market, the report is divided into four sections namely, by product type, by vehicle type, by distribution channel, and by region. The report analyzes the global car electronics and communication accessories market in terms of market volume and market value. The report also includes an in-depth analysis of key drivers, restraints, and trends witnessed in the market. The report further highlights existing opportunities in the global market to equip the client with pertinent decision-making insights.

The subsequent sections analyze the global car electronics and communication accessories market on the basis of product type, vehicle type, distribution channel, and region, and present a comprehensive forecast for the period 2016 – 2024. The report covers an in-depth analysis of all components of the global car electronics and communication accessories market value chain. In the final section of the report on the global car electronics and communication accessories market, a competitive landscape is included to provide a dashboard view of global car electronics and communication accessories manufacturers, retailers, and distributors. Some of the key market players profiled 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. 

Research methodology

To deduce the global car electronics and communication accessories market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by product type, vehicle type, and distribution channel; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the global car electronics and communication accessories market.

The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the global car electronics and communication accessories market. To develop the market forecast, Persistence Market Research has also conducted a factor analysis to understand the impact of various forces/factors on the target market. The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities.

Another key feature of this report is an analysis of the global car electronics and communication accessories market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global car electronics and communication accessories market. Further, to understand key segments in terms of their growth and overall global car electronics and communication accessories market performance, Persistence Market Research has developed a market attractiveness index to help providers identify existing market opportunities in the global car electronics and communication accessories market.

Car electronics and communication systems are accessories in cars that enhance the overall driving experience of vehicle owners in terms of entertainment and connectivity. A wide range of car electronics accessories and communication systems are available in the market each serving different purposes such as car LCDs, car stereos, speakers, GPS systems, and Bluetooth kits among others. The global car electronics and communication accessories market is projected to exhibit a CAGR of 5.7% in terms of value and 3.6% in terms of volume during the forecast period (2016–2024).

Key market dynamics

Rising consumer inclination towards an entertaining driving experience, technically advanced car electronic accessories and communication systems available today, and an overall growth in the automotive industry are key factors likely to boost the growth of the global car electronics and communication accessories market over the forecast period. Increased consumer spending on car accessories and a rising demand for advanced car accessories and communication systems is also fueling growth of the global car electronics and communication accessories market.

However, availability of counterfeit and inferior quality car electronics and communication accessories along with the inherent design complexity attached to car electronics and communication accessories are some of the factors expected to hinder sustained growth of the global car electronics and communication accessories market in the next eight years. A huge fragmentation of the global car electronics and communication accessories market is also likely to adversely impact market growth during the period 2016 – 2024.

The global car electronics and communication accessories market is likely to witness certain key trends between 2016 and 2024. Some of the observed trends include – adoption of online configuration tools for car accessories, growth of e-retailing in the automotive aftermarket in emerging markets, consolidation of different market distribution channels, and increasing number of joint ventures by car electronics and communication accessories manufacturers.

Segment analysis

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; and by Distribution Channel into OEM and Aftermarket. The LCDs product type segment is anticipated to register a CAGR of 5.6% over the forecast period while the Mobile Chargers segment is expected to witness a CAGR of 5.1% between 2016 and 2024. The Passenger Cars vehicle type segment is expected to dominate the global car electronics and communication accessories market during the forecast period and is anticipated to account for 93.0% value share by 2016 end. By distribution channel, the Aftermarket segment is expected to dominate the global car electronics and communication accessories market over the forecast period. While in terms of value and volume, the OEM segment is anticipated to expand at a higher CAGR as compared to the Aftermarket segment during the forecast period.

car electronics and communication accessories market

Regional analysis

The global car electronics and communication accessories market has been segmented on the basis of region into North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The APAC region is estimated to account for a comparatively high volume share of the global car electronics and communication accessories market by 2016, while in terms of value, Europe is expected to maintain its dominance in the global car electronics and communication accessories market during the forecast period. The APAC market is estimated to hold 33.4% revenue share in 2016 while Europe is anticipated to account for 31.7% market revenue share by 2016.      

Key market players

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. are some of the leading companies operating in the global car electronics and communication accessories market.

Company Profiles 

  • Pioneer Corporation
  • Garmin Ltd.
  • Sony Corporation
  • Alpine Electronics, Inc.
  • Delphi Automotive
  • TomTom Internationa
  • JVC Kenwood Corporation
  • Blaupunkt
  • Lighterking Enterprise Co. Ltd.
  • Others
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