The forecast for in-car entertainment suggests a challenging outlook, with volume sales expected to continue declining in the coming years. A major factor contributing to this bleak forecast is the widespread ownership of smartphones, which diminishes the demand for standalone in-car entertainment products.
As demand for standalone in-car entertainment products wanes, the retail landscape is anticipated to undergo significant transformation. Over the forecast period, traditional store-based retailers are expected to phase out or reduce their offerings of in-car entertainment products due to declining demand.
Despite the current economic challenges, the forecast anticipates a downward trend in average constant unit prices for in-car entertainment products. As companies grapple with declining volume sales, they are expected to adjust their pricing strategies to remain competitive and stimulate demand.
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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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