With high rates of inflation and political and economic uncertainty prevailing in Israel and at the global level towards the end of the review period, consumer budget consciousness has been heightened significantly. This is likely to continue to dent the market for in-car entertainment systems in the forecast period, as many consumers are seeking to cut back on non-essential expenditure and to save their money for items that they deem to be more important.
Smartphone apps such as Google Maps and Waze are likely to become ever more widely used apps in Israel, meaning that a growing number of consumers see no need to buy in-car navigation products for cars. In addition, most vehicles already have in-car systems that synch with mobile phones and so the need for further systems will not be necessary.
The use of smartphones and tablets inside the car by passengers will continue to kill off the market for in-car entertainment as most passengers will either plug in headphones to their smartphones to listen to music, will use the systems already present in the car or will use a tablet to listen to music or a watch a film. With most Israelis now content to use factory-installed stereo and navigation systems or alternative devices such as smartphones and wireless speakers, over the forecast period demand for aftermarket in-car entertainment products will become increasingly concentrated amongst tech enthusiasts and audiophiles.
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In-Car Entertainment
In-car Entertainment consists of In-Dash Media Players, In-Car Navigation, and In-Car Speakers.
See All of Our DefinitionsThis report originates from Passport, our In-Car Entertainment research and analysis database.
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