What is driving the growth of the car electronics market?
The global car electronics market is expected to surge 7.8% by 2030 due to factors like rising disposable incomes, increasing demand for advanced features, and booming car sales in Asia Pacific.
Which car electronics segment is growing the fastest?
LCDs, used for navigation and entertainment, are dominating the market and are projected to see the highest CAGR during the forecast period.
Who are the major players in the car electronics market?
Pioneer Corporation, Garmin, TomTom, Alpine Electronics, and Delphi Automotive are some of the key players driving market growth.
Which region is leading the car electronics market?
The Asia Pacific region, with its large car market and readily available raw materials, is expected to remain the leader throughout the forecast period.