Market Overview:
The global car multimedia system market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for infotainment systems in passenger cars and commercial vehicles. Additionally, the increasing demand for advanced safety features and navigation systems is also contributing to the growth of this market. The global car multimedia system market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into audio, video, infotainment system, and others (including climate control and telematics). The infotainment system segment is expected to witness highest growth during the forecast period owing to rising demand for enhanced entertainment experience in cars. On the basis of application, it can be classified into passenger car, commercial vehicle (CV), and others (including off-highway vehicles such as construction equipment or agricultural machinery). Passenger cars are anticipated to account for a major share of this market due high adoption rates across different regions worldwide.
Product Definition:
A car multimedia system is a system that integrates audio and video into a single unit for use in a motor vehicle. The purpose of the car multimedia system is to provide the driver and passengers with an enjoyable audio and video experience while driving or riding in the vehicle.
Audio:
Audio is the conversion of audio signals from one form to another. It can be done with the help of microphones, loudspeakers, and headphones. The process converts an electrical signal into a fluctuation in air pressure and then back into a sound wave using our hearing mechanism. The fluctuation in air pressure is created by vibrating diaphragm which creates fluctuations in electric current which are then converted to audio signals using electronic circuits.
Video:
Video is a well-defined digital format with a video signal being represented by continuous frames. The number of frames per second that are generated in the process is the frame rate. The frame rate can be either fixed or variable depending upon the type of videos that are being recorded and played back. Video signals are used to display images on monitors as well as TVs, for example, VCRs and DVD players; they also provide information to enable devices such as cameras to capture images & videos.
Application Insights:
Passenger car was the largest application segment in 2017 and is expected to maintain its lead over the forecast period. The demand for multimedia systems in passenger cars is majorly driven by rising disposable income of consumers, especially in emerging economies such as China, India and Brazil. Furthermore, increasing sales of high-end vehicles are also propelling demand for multimedia systems. For instance, according to a study conducted by IHS Markit on behalf of Mercedes-Benz USA LLC., it was estimated that an average American household would have to spend around USD 95,000 on purchasing a new Mercedes-Benz E Class vehicle with entertainment system if they were planning to buy without one. Thus, introduction of advanced technologies coupled with growing preference for infotainment system over basic audio/video components will drive growth across all applications during the forecast period.
Commercial vehicle segment held a significant share in 2017 owing to rise in demand from construction sector across various regions including Asia Pacific.
Regional Analysis:
North America dominated the global car multimedia system market in terms of revenue share in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing demand for advanced driver assistance systems (ADAS) and passenger comfort features, such as air conditioning, cruise control, and power steering. Moreover, rising adoption of smartphones along with high internet penetration is anticipated to drive regional growth over the forecast period.
Asia Pacific is projected to witness significant growth over the coming years owing to increasing disposable income among consumers coupled with growing automotive industry across countries such as China and India.
Growth Factors:
- Increasing demand for in-vehicle infotainment system
- Rising disposable income of consumers
- Technological advancements in car multimedia systems
- Growing popularity of luxury cars and SUVs
- Proliferation of digital media
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Multimedia System Market Research Report
By Type
Audio, Video, Infotainment System, Others
By Application
Passenger Car, Commercial Car, Others
By Companies
Robert Bosch, Clarion Corp, Kenwood, SONY, PIONEER, JVC, GARMIN, Panasonic, SAMSUNG, Coagent, ADAYO, KAIYUE
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
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Car Multimedia System Market Report Segments:
The global Car Multimedia System market is segmented on the basis of:
Types
Audio, Video, Infotainment System, Others
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 Car, Commercial Car, Others
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:
- Robert Bosch
- Clarion Corp
- Kenwood
- SONY
- PIONEER
- JVC
- GARMIN
- Panasonic
- SAMSUNG
- Coagent
- ADAYO
- KAIYUE
Highlights of The Car Multimedia System 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:
- Audio
- Video
- Infotainment System
- Others
- By Application:
- Passenger Car
- Commercial Car
- Others
- 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 Car Multimedia System 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.
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- Correctly Positioning New Products
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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?
A car multimedia system is a set of components that allow drivers to enjoy music, radio, and other audio content while driving. Systems may include an MP3 player, CD player, or satellite radio receiver. Some systems also include a navigation system and a rear-view camera.
Some of the major players in the car multimedia system market are Robert Bosch, Clarion Corp, Kenwood, SONY, PIONEER, JVC, GARMIN, Panasonic, SAMSUNG, Coagent, ADAYO, KAIYUE.
The car multimedia system market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Car Multimedia System 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 Car Multimedia System Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Car Multimedia System 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 Car Multimedia System 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 Car Multimedia System Market Size & Forecast, 2018-2028 4.5.1 Car Multimedia System Market Size and Y-o-Y Growth 4.5.2 Car Multimedia System Market Absolute $ Opportunity
Chapter 5 Global Car Multimedia System 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 Car Multimedia System Market Size Forecast by Type
5.2.1 Audio
5.2.2 Video
5.2.3 Infotainment System
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Car Multimedia System 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 Car Multimedia System Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Car
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car Multimedia System 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 Car Multimedia System 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 Car Multimedia System Analysis and Forecast
9.1 Introduction
9.2 North America Car Multimedia System 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 Car Multimedia System Market Size Forecast by Type
9.6.1 Audio
9.6.2 Video
9.6.3 Infotainment System
9.6.4 Others
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 Car Multimedia System Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Car
9.10.3 Others
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 Car Multimedia System Analysis and Forecast
10.1 Introduction
10.2 Europe Car Multimedia System 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 Car Multimedia System Market Size Forecast by Type
10.6.1 Audio
10.6.2 Video
10.6.3 Infotainment System
10.6.4 Others
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 Car Multimedia System Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Car
10.10.3 Others
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 Car Multimedia System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Car Multimedia System 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 Car Multimedia System Market Size Forecast by Type
11.6.1 Audio
11.6.2 Video
11.6.3 Infotainment System
11.6.4 Others
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 Car Multimedia System Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Car
11.10.3 Others
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 Car Multimedia System Analysis and Forecast
12.1 Introduction
12.2 Latin America Car Multimedia System 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 Car Multimedia System Market Size Forecast by Type
12.6.1 Audio
12.6.2 Video
12.6.3 Infotainment System
12.6.4 Others
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 Car Multimedia System Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Car
12.10.3 Others
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) Car Multimedia System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Car Multimedia System 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) Car Multimedia System Market Size Forecast by Type
13.6.1 Audio
13.6.2 Video
13.6.3 Infotainment System
13.6.4 Others
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) Car Multimedia System Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Car
13.10.3 Others
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 Car Multimedia System Market: Competitive Dashboard
14.2 Global Car Multimedia System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Robert Bosch
14.3.2 Clarion Corp
14.3.3 Kenwood
14.3.4 SONY
14.3.5 PIONEER
14.3.6 JVC
14.3.7 GARMIN
14.3.8 Panasonic
14.3.9 SAMSUNG
14.3.10 Coagent
14.3.11 ADAYO
14.3.12 KAIYUE