Market Overview:
The global automotive radio market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles, and the growing trend of in-vehicle infotainment. The global automotive radio market is segmented on the basis of type into single din and double din radios. The single din segment is expected to hold a larger share of the market during the forecast period, owing to its low cost and easy installation. On the basis of application, the automotive radio market is segmented into passenger cars and commercial vehicles. The passenger car segment is expected to hold a larger share of the market duringthe forecast period, owingtoits high demand from developed countries such as North Americaand Europe .
Product Definition:
A type of radio that is used in cars and other vehicles. Automotive radios are typically designed to be more durable and weatherproof than typical consumer radios, and they often include features like Bluetooth connectivity or satellite navigation.
Single Din:
Single-Din or Single-Cable Radio is a type of aftermarket car radio installation that uses one cable for both power and audio/video signals. The term single din usually refers to the older style of television sets with a smaller screen size.
Double Din:
Double din is a type of in- dash display that has two separate and distinctively marked dials or knobs for volume as well as tuning. The term double din usually refers to the large, flat, LCD display that incorporates a menu button and is mounted on the dashboard of vehicles. It replaced the traditional bulky instrument cluster found in most cars nowadays.
Application Insights:
Passenger cars accounted for a major market share of over 60.0% in 2017 and are expected to maintain their dominance over the forecast period. The growing demand for passenger cars as a mode of transportation is anticipated to have a positive impact on the industry growth. Increasing disposable income, especially in emerging economies such as China, India and Brazil is also expected to contribute significantly towards segment growth during the forecast period.
The commercial vehicles segment was valued at USD 2,974 million in 2017 owing to increasing utilization of these vehicles for transporting goods across various end-use industries including construction and mining among others which has led to an increased product demand from 2018 till 2030AD. Increasing utilization of commercial vehicles with features such as navigation systems with UAV-based mapping system is further anticipated to propel industry expansion during the projected timeframe leading into 2030AD when compared with 2016 estimates by ITRI Robotics Research Institute (2016).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The regional growth can be attributed to rising disposable income, increasing vehicle production and sales, and technological advancements in automotive radios. Asia Pacific held a significant share of over 50% in 2017 owing to its large population and consumer base. China was one of the largest markets for automotive radios with a revenue share of around 25% in 2017 owing to its massive production as well as sales volume.
North America is also anticipated to witness considerable growth due to growing demand from both passenger cars as well as commercial vehicles segments on account of increased safety requirements by regulatory bodies such as NHTSA (National Highway Traffic Safety Administration) and DTCV (Diretorate Of Transportation). Europe has been witnessing steady growth since past few years on account of increasing demand for advanced features such as voice recognition systems coupled with high quality sound system installed inside vehicles.
Growth Factors:
- Increasing demand for infotainment systems in vehicles
- Rising disposable income of consumers
- Technological advancements in automotive radios
- Growing popularity of aftermarket car audio products
- Proliferation of internet-enabled cars
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Radio Market Research Report
By Type
Single Din, Double Din
By Application
Passenger Cars, Commercial Vehicles
By Companies
Aptiv (USA), ASTI (Japan), Bosch (Germany), Clarion (Japan), Continental (Germany), DENSO (Japan), Hitachi Automotive Systems (Japan), JVC Kenwood (Japan), Mitsubishi Electric (Japan), Pioneer (Japan), Aptiv (USA)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Radio Market Report Segments:
The global Automotive Radio market is segmented on the basis of:
Types
Single Din, Double Din
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aptiv (USA)
- ASTI (Japan)
- Bosch (Germany)
- Clarion (Japan)
- Continental (Germany)
- DENSO (Japan)
- Hitachi Automotive Systems (Japan)
- JVC Kenwood (Japan)
- Mitsubishi Electric (Japan)
- Pioneer (Japan)
- Aptiv (USA)
Highlights of The Automotive Radio Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Din
- Double Din
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Radio Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive Radio is a technology that allows vehicles to communicate with each other and with infrastructure. It can be used for navigation, communication between drivers, and more.
Some of the major players in the automotive radio market are Aptiv (USA), ASTI (Japan), Bosch (Germany), Clarion (Japan), Continental (Germany), DENSO (Japan), Hitachi Automotive Systems (Japan), JVC Kenwood (Japan), Mitsubishi Electric (Japan), Pioneer (Japan), Aptiv (USA).
The automotive radio market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Radio Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Radio Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Radio Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Radio Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Radio Market Size & Forecast, 2018-2028
4.5.1 Automotive Radio Market Size and Y-o-Y Growth
4.5.2 Automotive Radio Market Absolute $ Opportunity
Chapter 5 Global Automotive Radio Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Radio Market Size Forecast by Type
5.2.1 Single Din
5.2.2 Double Din
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Radio Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Radio Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Radio Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Radio Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Radio Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Radio Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Radio Market Size Forecast by Type
9.6.1 Single Din
9.6.2 Double Din
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Radio Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Radio Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Radio Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Radio Market Size Forecast by Type
10.6.1 Single Din
10.6.2 Double Din
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Radio Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Radio Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Radio Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Radio Market Size Forecast by Type
11.6.1 Single Din
11.6.2 Double Din
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Radio Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Radio Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Radio Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Radio Market Size Forecast by Type
12.6.1 Single Din
12.6.2 Double Din
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Radio Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Radio Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Radio Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Radio Market Size Forecast by Type
13.6.1 Single Din
13.6.2 Double Din
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Radio Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Radio Market: Competitive Dashboard
14.2 Global Automotive Radio Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aptiv (USA)
14.3.2 ASTI (Japan)
14.3.3 Bosch (Germany)
14.3.4 Clarion (Japan)
14.3.5 Continental (Germany)
14.3.6 DENSO (Japan)
14.3.7 Hitachi Automotive Systems (Japan)
14.3.8 JVC Kenwood (Japan)
14.3.9 Mitsubishi Electric (Japan)
14.3.10 Pioneer (Japan)
14.3.11 Aptiv (USA)
