Comparing the current results to its competitors, Voxx International reported Revenue decrease in the 3 quarter 2024 year on year by -22.33 %, slower than the combined decrease of the VOXX's competitors by -23.31 %, recorded in the same quarter.
Voxx International's Comment on Competition and Industry Peers
The company operates in a highly competitive electronics industry across multiple product categories. In the automotive electronics sector, competitors include General Motors, Ford, Stellantis, and major Tier 1 suppliers such as Denso, Panasonic, LG, Continental, Lear, Bosch, Magna, and Forvia (Fauricia). In consumer electronics, competitors comprise Polk, Definitive, Bose, Sonos, Sonance, Bowers and Wilkins, Sony, Phillips, Emerson Radio, GE, Belkin, and various private label brands. The biometrics product segment faces competition from IRIS ID, 3M, Suprema, Iritech, Inc., IrisGuard, Crossmatch, NEC, Gemalto, Vision-Box, IDEMIA, BioID, GoVerifyID, BioConnect, and Princeton Identity.
despite revenue deterioration, Voxx International increased its market share in this segment. company increased its market share in this segment to approximately 28.69 %.
Publicly Traded Peers of Voxx International Corporation
Acme United Corp Share Performance
+37.24%
This Quarter
Acme United Corp
Profile
Acme United Corp's business model involves the production and distribution of various consumer goods and personal protective equipment, catering to a wide range of industries.
GoPro Inc's business model revolves around designing, manufacturing, and selling versatile action cameras and related accessories. The company generates revenue through the sales of its hardware products and also through media distribution and partnerships.
Emerson Radio Corp is primarily engaged in designing, sourcing, and marketing various consumer electronic products. They focus on developing partnerships with global manufacturers to deliver cost-effective and innovative solutions to consumers.
is engaged in the development, design, production, manufacture and sale of various kinds of electronic equipment, instruments and components for consumer, professional and industrial markets such as network services, game hardware and software, televisions, audio and video recorders and players, still and video cameras, mobile phones, and image sensors
Sources:
Voxx International Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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