The most popular in-car tech that car owners are buying today are centered on safety and security, location information and entertainment. Here are the top three most sought-after in-car devices that smart sourcing professionals need to be aware of:
Dash cameras – A dash cam, which is mounted at the car dashboard or windshield, records sounds and images via its built-in microphone and fixed-lens digital camera. It acts as a witness by recording what happens on the road in case of a vehicle accident. Its footage is also used to report reckless drivers and prevent car insurance fraud. Business owners who own a taxi company may opt to purchase top-rated dash cameras and dual camera dash cams if they want to keep track of every vehicle activity.
The dash cam market is expected to grow at an annual rate of about 13 percent from 2021 to 2028, with revenue forecasted by Grand View Research to reach US$ 8.47 billion by 2028. Thanks to the increasing awareness and emphasis on in-car safety and car theft prevention, the demand for dash cams continues to soar. Popular variants include 360-degree smart dash cameras and wireless dash cameras with front and rear lenses.
Car GPS trackers – A GPS tracking device broadcasts a vehicle’s location in real-time and can keep a record of a driver’s driving habits, which can be useful for parents who want to keep track of their teen children who are still learning how to drive. In addition, several GPS vehicle trackers can send alerts when a driver speeds up or goes off course. In terms of safety, it would be easier to track a stolen vehicle if a tracker has been installed. For business owners who want to keep track of their vehicles or trucks, car GPS trackers can be highly useful for daily operations and mileage monitoring. Those that own cars prefer variants that are easy to install and hold, which is why magnetic GPS trackers, mini GPS trackers and small GPS trackers are among the best-selling units.
According to Brand Essence Research, the GPS tracking device market value is expected to reach US$3.9 billion by 2025, with a CAGR of 11.6 percent. Key factors that drive this market include the upsurge in real-time fleet monitoring, rising mining and military activities and increased use of GPS trackers in commercial vehicles. The Asia-Pacific region holds the largest market growth due to the increase of cars, trucks and buses sales, and increased implementation of GPS technology. Europe comes in second with the increased government spending on telematics as a driving factor for market growth.
Car speakers – The unfortunate reality in car manufacturing is that vehicle makers don’t place much importance on audio in-car entertainment since they focus more on the car model design and auto performance-related aspects. As such, factory speakers in cars tend to be sub-par. Thus, a lot of music enthusiasts and audiophiles tend to upgrade the sound systems in the cars.
There are two basic categories of car speakers, namely component speakers and full-range or coaxial speakers. The former is composed of three speaker drivers – tweeters that handle high-frequency sounds, midranges that deal with both and woofers that produce low-frequency sounds. These three components can be placed in different areas inside the car according to consumer preference. The more affordable full-range speakers, on the other hand, are more common and easier to install. A car speaker kit is composed of a woofer, with a tweeter placed over the woofer. Component car speakers are generally more expensive but produce better audio quality over full-range speakers. Either way, aftermarket car speaker systems provide much better sound quality, have better design and are more durable than pre-installed vehicle speakers.
The automotive speaker market exceeded US$4.5 billion in 2020 and is expected by Global Market Insights to grow at over 6.5 percent CAGR between 2021 and 2027. Increasing adoption of in-car infotainment systems for internet-based content such as podcasts, internet radio, and music is driving the industry growth. The high global demand in aftermarket sound systems has been a major contributor to the market expansion.
Gear your business up for 2022 by importing the most popular auto electronics in today’s market. Verified suppliers from Global Sources offer a variety of these car accessories at competitive prices.