While international big brands still dominate the Chinese car electronics market, local manufacturers have proved their ability in the fields of car audio and video products. They offer car DVD players with good quality and low prices.
Car Electronics in China
The value of the car electronics market in China reached 140.5 billion yuan ($20.6 billion) in 2015. The car electronics market increased 29.1% in 2012, 32.0% in 2013, and 40.1% in 2014.
In 2015 the increase rate fell to 15.6% due to the financial crisis. It is forecasted that the increase will recover in the next few years due to the economic stimulus package from the Chinese government. According to CCID Consulting, the CAGR (Compound Annual Growth Rate) of the China electronic market for cars will reach 26.1% between 2011 and 2017, and the market value will reach 300 million yuan ($44 billion) by 2017.
Car Audio and Video in China
Car audio and car video account for 19% of the electronics market in China. The $4 billion market offers a big opportunity for more than 1,000 China car DVD player manufacturers and China audio and video producers. It is estimated that the market will increase to $8 billion by 2017.
China Car Audio Manufacturers and Factories
Most of the Chinese car audio and video manufacturers are located in the Guangdong Province of China.
The three top China car audio and DVD player manufacturers include:
Sources: This analysis is based on latest statistics from the China Car Industry Association, CCID Consulting Co., Ltd., China Customs and the National Bureau of Statistics of People’s Republic of China as of the date of article publication.
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