Product Code: CMI4675
The Global Car Electronics Accessories and Communication Market is estimated to be valued at USD 14.8 Bn in 2024 and is expected to reach USD 21.6 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 14.8 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: |
5.50% |
2031 Value Projection: |
US$ 21.6 Bn |
Figure. Car Electronics Accessories And Communication Market Share (%), By Region 2024
Global car electronics accessories and communication market growth is driven by rising demand for connected vehicles and advancement in car electronics devices. Factors such as increasing consumer demand for infotainment, navigation, and communication features in vehicles along with growth of autonomous vehicles can drive the market growth. Many leading automakers focuses on integrating advanced technologies and developing fully connected cars to offer enhanced in-car experience to users. Moreover, penetration of smartphones and increasing preference for integrated mobility solutions can boost sales of car accessories and electronics globally. However, high costs associated with upgraded systems and compatibility issues can hamper the market growth.
Market Dynamics-
Global car electronics accessories and communication market growth is driven by factors such as rising demand for enhanced driving experience, growing preference for connectivity and infotainment, and development of autonomous vehicles. Advanced connectivity features introduced by prominent automakers can boost sales of car accessories. However, high costs of technologically advanced accessories and compatibility issues with certain vehicles can hamper the market growth. Emerging trends of integrated mobility presents significant opportunities with innovations in areas of e-call integration, navigation, and vehicle-to-everything communication. Market players focuses on developing innovative accessories and solutions to strengthen their footprint.
Key features of the study-
This report provides in-depth analysis of the global car electronics accessories and communication market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global car electronics accessories and communication market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Robert Bosch, Clarion Corp, Magnit, Pioneer, Alpine, Garmin, Panasonic, and JVC Kenwood
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global car electronics accessories and communication market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global car electronics accessories and communication market
Market Segmentation
- By Product Type Insights (Revenue, USD, 2019 - 2031)
- LCDs
- Music System
- Mobile Chargers
- Communication
- Cigarette Lighters
- By Vehicle Type Insights (Revenue, USD, 2019 - 2031)
- Passenger Cars
- Pickup Trucks
- By Channel Type Insights (Revenue, USD, 2019 - 2031)
- Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Pioneer Corporation
- Sony Corporation
- Alpine Electronics, Inc
- Bosch
- Continental AG
- Garmin Ltd.
- Panasonic Automotive Systems
- Clarion Co., Ltd.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Vehicle Type
- Market Snippet, By Channel Type
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Recent Developments/Updates
- Industry Trend
4. Global Car Electronics Accessories and Communication Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Car Electronics Accessories and Communication Market - COVID-19
- Impact Analysis
5. Global Car Electronics Accessories and Communication Market, By Product Type, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- LCDs
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Music System
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Mobile Chargers
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Communication
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Cigarette Lighters
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
6. Global Car Electronics Accessories and Communication Market, By Vehicle Type, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Passenger Cars
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Pickup Trucks
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
7. Global Car Electronics Accessories and Communication Market, By Channel Type, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- OEM
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Aftermarket
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
8. Global Car Electronics Accessories and Communication Market, By Region, 2019 - 2031, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Channel Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Channel Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Channel Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Channel Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Channel Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Channel Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (US$ Bn)
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- Pioneer Corporation
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Sony Corporation
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Alpine Electronics, Inc
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Bosch
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Continental AG
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Garmin Ltd.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Panasonic Automotive Systems
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Clarion Co., Ltd.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
10. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. References and Research Methodology
- References
- Research Methodology
- About us