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75% of Gen Z View Their Vehicle as a Third Space, Xperi Reports

DTS, Inc., a global leader in next-generation audio, imaging and sensing
technology and a wholly owned subsidiary of Xperi, Inc (NYSE: XPER), today
released a new report, “The Vehicle as a Third Space.” The report discusses
the increasing importance of the vehicle as a third space, as well as
uncovers drivers’ preferred in-cabin features and functionality.

Based on results from a national consumer CARAVANR survey conducted by Big
Village, the report finds that 75% of Gen Z drivers (ages 18 to 25 years),
and 49% of drivers overall, are more likely to view their vehicle as a third
space today, compared to pre-Covid. A third space was defined to survey
respondents as a place outside of work and the house, a place to relax,
enjoy hobbies, escape the stresses of work – a coffee shop, library, park,
or vehicle; the first space as home; and the second space as workplace.

“Automotive has conquered the vehicle exterior, but the next evolution is
all about solving the vehicle interior, especially its role as a third
space,” said Jeff Jury, Xperi senior vice president and general manager,
Connected Car. “Consumers, especially younger drivers, are moving from
viewing their vehicle as simple transportation toward seeing it as a space
where they can relax and escape. This demands technology that can merge
safety with a vehicle cockpit that meets their entertainment, comfort,
personalization and wellness needs. It is the future of the connected car
industry.”

Key Survey Takeaways:

Using their vehicle as a third space is the top reason drivers say their
personal vehicle is more important today (52%), followed by discomfort with
public transportation or ride-sharing (48%), and the vehicle’s ability to
offer a place of refuge (41%) during these challenging times.

Drivers want increased safety and peace of mind (82%) design choices in
their vehicle, followed by comfort (80%), and audio/radio entertainment
(79%). Convenience, personalization and health features also rank highly.

69% of drivers say advanced personalization (vehicle “knows” you and your
occupants, and can adjust/personalize music choices, lighting, temperature,
etc.) is important in enhancing the third space experience

One in four would like a radio in-dash experience that is more robust,
immersive, visual and informative.

67% of respondents are interested in vehicle sensors that can assess health
and illness – from heart rate to respiratory rate to facial changes.

91% of Gen Z and Millennial drivers are interested in responsive
mood-sensing technologies such as a sound bath or music activated by sensed
state of mind.

38% of drivers rank vehicle seat massage functionality that energizes or
soothes, depending on detected mood, as one of the top three personalization
features of interest to them. Additionally, film/TV streaming, lighting,
aromatherapy, and interactive video games are a top three feature of
interest for at least one in four respondents.

Among those who do not think of their vehicle as a third space, nearly one
in three would if it was completely self-driving.

“The increase in drivers viewing their vehicle as a third space is driving
an increased desire for smart, intuitive technology that provides safety,
comfort, a highly personalized driving experience, and advanced
wellness/medical diagnostic features,” said Richard Tomasco, Vice President,
Big Village. “As the survey makes clear, interest in a more immersive,
customized experience among drivers suggests exciting new possibilities for
the future of the vehicle as a third space.”

Methodology

The CARAVANR survey was conducted online in Q3 2022 by Big Village among 844
U.S. adults who currently own or lease a vehicle. To access The Vehicle as a
Third Space Report, click here.

About Xperi Inc.

Xperi invents, develops, and delivers technologies that enable extraordinary
experiences. Xperi technologies, delivered via its brands and partnerships
(DTSR, HD RadioT, IMAXR Enhanced, TiVoR), and by its startup, Perceive, are
integrated into billions of consumer devices and media platforms worldwide,
powering smart devices, connected cars and entertainment experiences. Xperi
has created a unified ecosystem that reaches highly engaged consumers,
driving increased value for partners, customers and consumers.

Xperi, DTS, IMAX Enhanced, HD Radio, Perceive, TiVo, and their respective
logos are trademarks or registered trademarks of affiliated companies and
partners of Xperi Inc. in the United States and other countries. All other
company, brand and product names may be trademarks or registered trademarks
of their respective companies.

About DTS, Inc.

Since 1993, DTS has been dedicated to making the world sound better. Through
its pioneering audio solutions for mobile devices, home theater systems,
cinema and beyond, DTS provides incredibly high-quality, immersive and
engaging audio experiences to listeners everywhere. Now, DTS is also
powering imaging and sensing technologies as well. For more information,
please visit www.dts.com.

About Big Village

Big Village is a global advertising, technology, and data company. Driven by
our diverse group of experts, we provide a new way of working by bringing
programmatic solutions, media, insights, and creative all under one roof.
Big Village is headquartered in New York and has 12 offices across North
America, Europe, and Australia. Find out more at https://big-village.com/.

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