2023 witnessed a remarkable recovery in new car sales in the US, a trend which defied lingering economic uncertainty fuelled by concerns over soaring inflation and the spectre of interest rate hikes. Over the first five months of the year, demand for new cars surged in key markets across the US and while this trend can be viewed as generally positive, it presented an unfavourable scenario for sales of in-car entertainment.
Euromonitor International's In-Car Entertainment in USA report offers a comprehensive guide to the size and shape of the in-home, portable and in-car consumer electronics products markets at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market- be they new product developments, distribution or pricing issues. Forecasts illustrate how the market is set to change.
Product coverage: In-Car Navigation, In-Car Speakers, In-Dash Media Players.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the In-Car Entertainment market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
In-Car Entertainment in the US
Euromonitor International
July 2023
List Of Contents And Tables
IN-CAR ENTERTAINMENT IN THE US
KEY DATA FINDINGS
2023 DEVELOPMENTS
In-car entertainment declines as factory-fitted car entertainment systems suffice
Smartphones continue to contribute to declines in use of in-car navigation
Individual car usage drops among millennials due to preference for cycling
PROSPECTS AND OPPORTUNITIES
Car ownership to continue falling, resulting in low demand for in-car entertainment
Number of driving licenses drops among younger adults, sending a clear signal
In-car entertainment evolving into a niche category for enthusiasts
CATEGORY DATA
Table 1 Sales of In-Car Entertainment by Category: Volume 2018-2023
Table 2 Sales of In-Car Entertainment by Category: Value 2018-2023
Table 3 Sales of In-Car Entertainment by Category: % Volume Growth 2018-2023
Table 4 Sales of In-Car Entertainment by Category: % Value Growth 2018-2023
Table 5 NBO Company Shares of In-Car Entertainment: % Volume 2019-2023