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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Car electronics accessories are devices in cars that improve the overall experience of vehicle owners in regards to connectivity and entertainment. There is a wide range of electronics accessories and communication systems include car audio, chargers, cup holders, mobile holders, Bluetooth accessories, GPS trackers, LCD screen, inflator, reverse parking system, car lock alarms & systems, compressor, etc. These accessories differ on the basis of vehicle types such as pickup cars, passenger cars.

The global car electronics accessories & communication market is estimated to be valued at US$ 85,289.9 million in 2021 and is expected to exhibit a CAGR of 5.8 % over the forecast period (2021-2028).

Recent Developments:

In June 2021, Elektrobit (EB), an industry-leading supplier of automotive software introduced comprehensive solutions offering for intelligent automotive digital cockpits.

In February 2020, California based embedded safety and security provider Green Hills Software entered into partnership with information technology solutions vendor Tata Elxsi to build software-driven solutions for automotive cockpits.

In December 2019, BlackBerry Limited collaborated with MARELLI, a global Tier 1 automotive supplier, to integrate QNX Platform for Digital Cockpits in MARELLI's eCockpit and Digital Cluster solution.

Statistics:

Figure 1. Global Car Electronics Accessories & Communication Market Value (US$ Mn), by Region, 2020

Car Electronics Accessories & Communication  | Coherent Market Insights

Asia Pacific held dominant position in the global car electronics accessories & communication market in 2020, accounting for 33.2% share in terms of volume, followed by Europe and North America, respectively. Rapid adoption of the car is driving the global car electronics accessories & communication market.

Global Car Electronics Accessories & Communication Market: Drivers

Increasing automotive sales worldwide is expected to drive growth of the global car electronics accessories & communication market during the forecast period

Following the economic crisis, the automobile industry has regained its stability. There has been an increase in sales of passenger cars in the recent past, which in turn, has increased the demand for car electronics accessories. According to Coherent Market Insights’ analysis, North America witnessed sales of 20.6 Mn unit cars in 2015, and it is anticipated to increase further by the end of the forecast period. Furthermore, the automotive industry has increased massive growth in BRICS (Brazil, Russia, China, India, and South Africa) nations and is expected to continue its growth in the near future. Thus, these factors are expected to drive growth of the market during the forecast period.

Growing consumer preference for in-car entertainment and communication accessories is expected to propel the global car electronics accessories & communication market growth over the forecast period 

Vehicles owners across the globe are increasingly preferring enhanced driving experience. For this, consumers are adopting various in-car entertainment accessories such as music and radio accessories, LCDs, and more. These car accessories help in enhancing the overall driving experience as well as car ambiance for consumers. According to a white paper by Impetus Automotive the electronic car accessories such as LCDs, music accessories, etc. accounted for 21.5 % market share in 2014, market share in the global car accessories market. Thus, these factors are expected to propel the market growth over the forecast period.

Global Car Electronics Accessories & Communication Market: Opportunities

Adoption of online car accessories configuration tools can present lucrative growth opportunities

In order to improve the in-dealership car accessory sales, the car dealerships are using online car accessory configuration tools rather than using the traditional print catalog. The online tool provides the right price information, better inventory, and better customer satisfaction. For instance, AddOnAuto is a company which is dedicated to increasing the revenues and profit of car dealerships. The company offers in-dealership car accessory sales technology that helps streamlined communication between accessories suppliers and dealerships. The online tool also allows the customers to choose the exact model of vehicle the consumer wants to purchase and accessorize it with thousands of accessories available in the tools with real-time visualization experience. Moreover, the tool allows the customers to see the suppliers' pricing, discounts, and other pricing options available.

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Car Electronics Accessories & Communication Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 85,289.9 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 5.8% 2028 Value Projection: US$ 126,086.5 Mn
Geographies covered:
  • 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 and Africa: GCC, South Africa, North Africa, Central Africa
Segments covered:
  • By Product Type: Communication, Music System, Mobile Chargers, LCDs, Cigarette Lighters
  • By Vehicle Type: Passenger Cars, Pickup Trucks
  • By Channel Type: OEM, Aftermarket
Companies covered:

Pioneer Corporation, Lighterking Enterprise Co. Ltd., Garmin Ltd., Blaupunkt, Sony Corporation, JVC Kenwood Corporation, Alpine Electronics, Inc., TomTom International, and Delphi Automotive

Growth Drivers:
  • Increasing automotive sales worldwide
  • Growing consumer preference for in-car entertainment and communication accessories
Restraints & Challenges:
  • Presence of low-quality car accessories 
  • Complexities in design of communication accessories

Reduction in taxes in Argentina can provide major business opportunities

In December 2015, the newly formed Argentinian government decided to cut down excise tax on new cars in an attempt to propel domestic automotive production, which in turn has resulted in the recovery of the sales dip caused in automotive sales in 2015. Argentina’s vehicle fleet on road is dominated by the passenger car segment, thus the recovery in automotive sales will bolster car electronic accessories and communication market in the country.

Market Trends

Distribution Channel Consolidation

The most recent trends adopted in the car interior accessories in developed markets such as North America is the distribution channel consolidation. The aftermarket and retailers hold a major chunk in the North America car accessories market. The manufacturers and suppliers are increasing consolidation in their distribution networks with the large distributors and retailers in the aftermarket. The distributors require large suppliers with product expertise, supply chain services and global footprint. The suppliers provide opportunities to the distributors to streamline their supply base of vendors in the supplier’s products by virtue of supplier or manufacturers’ product expertise and broad offering for mutual benefits.

Constantly evolving Russian automotive aftermarket

The Eastern European automotive aftermarket, specifically the Russia automotive aftermarket is expected to grow at an annual rate of 5 %- 15 %. The competitive intensity of the Eastern European market is moderate with lot of potential. The Eastern European market will be the sweet spot for car accessories manufacturers, with better distribution networks and sales. The Russian automotive market has seen declining trend in car sales in the past two years 2014 and 2015 due to the deteriorating macroeconomic situation. However, the car sales is anticipated to regain its pace by the end of 2017 and flourish by 2021, which in turn will witness demand for car accessories in the region.

Figure 2. Global Car Electronics Accessories & Communication Market Share, By Vehicle Type, 2020

Car Electronics Accessories & Communication  | Coherent Market Insights

Key Takeaways of the Graph:

  • Among Vehicle Type, the Passenger Cars held dominant position in the market and accounted for 92.7% share in the global car electronics accessories & communication market in 2020. The segment is expected to reach US$ 116,933.90 million in 2028. This owing rapid adoption of automotive vehicles in the Asia Pacific region.
  • Among Distribution Channel, the Aftermarket held dominant position in the market and accounted for 73.0% share in the global car electronics accessories & communication market in 2020. The segment is expected to reach US$ 91,982.73 million in 2028. This is owing to growing consumer preference for in-car entertainment and communication accessories

Global Car Electronics Accessories & Communication Market: Restraints

Presence of low-quality car accessories are expected to restrain growth of the global car electronics accessories & communication market during the forecast period

Since the global car electronics & communication market is highly fragmented, which has led to the production of low-quality accessories. Numerous manufacturers are offering products at a relatively competitive price as compared to the branded car electronic accessories and communication systems. Irrespective of the substandard quality offered, the consumers opt for buying the counterfeit accessories due to price competitiveness. Therefore, these factors are expected to restrain growth of the global car electronics accessories & communication market during the forecast period.

Complexities in design of communication accessories are expected to hamper the global car electronics accessories & communication market growth over the forecast period

Manufacturers of car infotainment systems are aggressively trying to integrate numerous applications and functions system to enhance the driver’s experience. To achieve such breakthroughs, the design complexity of accessories has multiplied which has ultimately increased the production cost of car communication systems with a minimum performance guarantee. Hence, these factors are expected to hamper the market growth in the near future.

Global Car Electronics Accessories & Communication Market: Competitive Landscape

Key players operating in the global car electronics accessories & communication market are Pioneer Corporation, Lighterking Enterprise Co. Ltd., Garmin Ltd., Blaupunkt, Sony Corporation, JVC Kenwood Corporation, Alpine Electronics, Inc., TomTom International, and Delphi Automotive.

Key Developments

Key players in the market are focused on product launches, in order to expand product portfolio. For instance, in February 2020, Pioneer India, a subsidiary of Pioneer Corporation, introduced a new subwoofer TS-WX3000T.

Major market players are involved in product development, in order to enhance the market presence. For instance, in July 2018, Blaupunkt introduced first Apple CarPlay and Android Auto Car Infotainment Systems. 

Automotive electronics are digital electronic systems typically utilized in cars, including dashboard computer systems, vehicle management, audio, power train control, cruise control, temperature gauge, instrument panel, seat control, traction control, diagnostic trouble signal, tire pressure monitoring system, keyless entry, ignition key chain and so on. They are used to monitor and control all the systems of the automobile to make sure that the car will function normally when you need it to. The information from these electronic devices can be easily fed to the central computers via a serial bus or an interface chip that is installed in the cars internal wiring system.

Market Dynamics:

The global car electronics accessories & communication market is witnessing several M&A activities. For instance, in August 2021, Compal Electronics, a Taiwanese original design manufacturer, acquired Cal-Comp USA, a sub-subsidiary of Cal-Comp Thailand.

Major players operating in the global car electronics accessories & communication market are focused on adopting partnership and collaboration strategies to enhance their market share. For instance, in September 2021, Dolby Laboratories collaborated with Cinemo, a provider of automotive infotainment middleware, to accelerate the integration of Dolby Atmos into vehicles.

Key features of the study:

  • This report provides in-depth analysis of the global car electronics accessories & communication market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 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 & 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 Pioneer Corporation, Lighterking Enterprise Co. Ltd., Garmin Ltd., Blaupunkt, Sony Corporation, JVC Kenwood Corporation, Alpine Electronics, Inc., TomTom International, and Delphi Automotive
  • 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
  • The global car electronics accessories & 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 & communication market

Detailed Segmentation:

  • Car Electronics Accessories & Communication Market, By Product Type:
    • Protective Case
    • Headphone/ Earphone
    • Charger
    • Battery
    • Memory Card
    • Power Bank
    • Portable Speaker
    • Others
  • Car Electronics Accessories & Communication Market, By Distribution Channel:
    • Multi-Brand
      • Organized Store
      • Independent Store
    • Single Brand Store
    • Online Store
  • Car Electronics Accessories & Communication Market, By Price Range:
    • Premium
    • Mid
    • Low
  • Car Electronics Accessories & Communication Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa

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
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Car Electronics Accessories & Communication Market - Impact of Coronavirus (Covid-19) Pandemic
    • Short Term and Long Term Impact, by Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East and Africa
    • Short Term and Long Term Impact, by Product Type
      • Communication
      • Music System
      • Mobile Chargers
      • LCDs
      • Cigarette Lighters
  5. Global Car Electronics Accessories & Communication Market, By Product Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Communication
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Music System
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Mobile Chargers
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • LCDs
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Cigarette Lighters
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  6. Global Car Electronics Accessories & Communication Market, By Vehicle Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Passenger Cars
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Pickup Trucks
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  7. Global Car Electronics Accessories & Communication Market, By Channel Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • OEM
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Aftermarket
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  8. Global Car Electronics Accessories & Communication Market, By Region, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Channel Type, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Channel Type, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Channel Type, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Channel Type, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Channel Type, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  9. Competitive Landscape
    • Company Profiles
      • Pioneer Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Lighterking Enterprise Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Garmin Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Blaupunkt
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sony Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • JVC Kenwood Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Alpine Electronics, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • TomTom International
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Delphi Automotive
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse XX market data tables and XX figures on “Global Car Electronics Accessories & Communication Market-forecast to 2028”.

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Frequently Asked Questions

Increasing automotive sales worldwide and growing consumer preference for in-car entertainment and communication accessories are factors boosting demand for car electronics accessories & communication.
Presence of low-quality car accessories and complexities in design of communication accessories are factors hindering growth of the market.
The market was valued at US$ 19,170.1 million in 2020.
Communication held dominant position in the market in 2020.
Distribution channel consolidation and constantly evolving automotive aftermarket are trends in the market.
Key players operating in the market are Pioneer Corporation, Lighterking Enterprise Co. Ltd., Garmin Ltd., Blaupunkt, Sony Corporation, JVC Kenwood Corporation, Alpine Electronics, Inc., TomTom International, and Delphi Automotive.
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