Car Electronics Accessories and Communication Market to Witness Growth Acceleration by 2031


Posted January 11, 2025 by farazp70

The car electronics accessories and communication market is anticipated to grow at a considerable CAGR of 5.6% during the forecast period.

 
The car electronics accessories and communication market is anticipated to grow at a considerable CAGR of 5.6% during the forecast period. Rising demand for advanced car accessories and communication systems with online configuration is augmenting the market growth. As technological advancements continue to rise, companies are strengthening their core technological capabilities and focusing on technical innovation in their in-car electronics accessories. Due to this, consumers are increasingly inclined toward smart and next-generation car gadgets that offer luxury and comfort in cars and are gradually increasing their spending on such products. To gain a competitive advantage, key players in the market are emphasizing technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) and providing enhanced capabilities in car electronics accessories and communication. 

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For instance, in January 2022, Nextbase introduced the smart and fully connected dash cam, the Nextbase iQ. Leveraging AI-powered technology, Nextbase iQ transforms the driver experience, making any vehicle smarter, safer, and more secure. The dash cam offers to record outside and inside the vehicle with real-time access through the iQ app. Additionally, in December 2020, Huawei announced the launch of a smart screen product. Huawei’s in-car smart screen uses an 8.9-inch IPS screen, has a 6mm narrow frame, a resolution of 1920×720, an 8:3 widescreen, and a UI design. It also features an automatic light-sensing system to adjust the brightness of the screen when driving in a variety of weather conditions.

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Market Coverage

Segment Covered- 

o             By Product Type

o             By Vehicle Type

Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

Competitive Landscape- Alps Alpine North America, Inc., Garmin Ltd., JVCKENWOOD Corp., Pioneer Electronics (USA) Inc., Sony Group Corp., and others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?

Car Electronics Accessories and Communication Market Report Segment

By Product Type

Car Speakers
Car Amplifiers 
GPS Systems
Bluetooth Kits
Dash Cams
Car Mobile Chargers
Car Monitors
Others

By Vehicle Type

Passenger Car
Commercial Car

Car Electronics Accessories and Communication Market Report Segment by Region

North America

United States
Canada

Europe

UK
Germany
Italy
Spain
France
Rest of Europe 

Asia-Pacific

China
India 
Japan
South Korea
Rest of Asia-Pacific 

Rest of the World

Latin America 
Middle East & Africa




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Issued By faraz pathan
Country India
Categories Business
Tags car electronics accessories and communication market
Last Updated January 11, 2025