In-car entertainment is anticipated to experience worsening double-digit declines over the course of the forecast period. While also set to post declines, in-car speakers will be the strongest performer for a number of reasons.
Both in-car navigation and in-dash media players will experience stronger declines moving forward, as they are increasingly substituted for better value and feature-driven built-in alternatives including smartphones. Although the fear around returning to public transportation due to the lingering impact of the pandemic may boost some sales due to greater car usage, the wider shift to public transportation or cycling will supersede this trend.
Moving out of a 2-year period of store closures and fear surrounding COVID-19, e-commerce witnessed a marginal decline in share of sales in 2022. Meanwhile, general merchandise stores and appliances and electronics specialists were the channels to benefit from increasing footfall, leading to growing retail volume share.
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In-car Entertainment consists of In-Dash Media Players, In-Car Navigation, and In-Car Speakers.See All of Our Definitions
This report originates from Passport, our In-Car Entertainment research and analysis database.
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