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AUTO ELECTRONICS
With an estimated 1.2 billion vehicles on the road already, there is ample scope for useful in-car electronics. Worldwide smartphone penetration is expected to reach 44% in 2017 and increase to 59% by 2022.
Alibaba.com Insights
Dec 22
1 min read
The car accessories market is very healthy and is forecast to be worth US$ 394.5 billion by 2023. This market not only includes car MP3 players, but also devices that allow the user to connect portable music playing devices to car audio systems. Dedicated MP3 player sales are declining, with a drop from US$ 733 million in 2016 to a predicted US$ 586 million in 2017.
Alibaba.com Insights
Dec 22
1 min read
The global automotive navigation market is forecast to grow from US$ 11.32 billion in 2016 to US$ 22.59 billion by 2025, with a compound annual growth rate of 7.99%.
Alibaba.com Insights
Dec 22
1 min read
The auto electronics market is growing and diversifying as vehicles incorporate more electronics into their core systems. In Europe, 40% of on-board devices use electronics, and this figure is on the rise.
Alibaba.com Insights
Dec 21
2 min read