In-Car Infotainment Market Research Future Insights
The reason backed with this estimation is because of an immense increase in the driver’s concern towards the driving. In order to maintain the safety there’s a proper navigation system in the car. Infotainment systems also secured the safety of the vehicle by providing real-time footage of the environment, which helps to guide in parking where visuals are displayed on the LCD screen.
The industry for in-car infotainment market is expected to increase at a compound annual growth rate (CAGR) of 7.00% between 2023 and 2032, from USD 8.025 billion in 2023 to USD 13.78844409 billion by 2032.
This system provides a virtual personal assistant with active audio commands to the drivers. Here, the drivers can connect one vehicle to the other vehicle through an internet connection that will ensure safety. Another interesting part of this system is, it is a source of entertainment to the passengers in the form of music & videos.
Considering the period of Covid-19, the automobile industry of the European automobile manufacturers had been badly impacted.
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The key players in the global automotive infotainment market include:
· Continental AG
· Robert Bosch GmbH
· Denso Corporation
· Panasonic Corporation
· Alpine Electronics, Inc.
· Harman International Industries, Inc.
· Pioneer Corporation
· Clarion Co., Ltd.
· JVC Kenwood Corporation
· Fujitsu Ten Limited
· Visteon Corporation
Regional analysis
The regions or In-Car infotainment Market, are North America, Europe, Asia-Pacific, and the rest of the world. The maximum amount of market share in this market is expected to be in Europe. This could be seen because of an increase in the demand for in-car infotainment in the automobile industry of Europe. The reason behind the increase in the demand is because the European Union has made telematics control mandatory in automobiles mainly in passenger cars.
North America is expected to register for the automotive infotainment system market, because key players like Ford motors are collaborating with big players such as Amazon to make new developments in the infotainment systems.
In addition to this, Asia-Pacific too would be rising, which can be stated by looking at an increase in the demand for luxury cars.
Market Segmentation
The In-Car infotainment Market has been segmented into 4 segments. They are based on component, vehicle type, connectivity & installation. These segments had been further Segmented into sub-segments.
Based on component, it is segmented into hardware & software, On the basis of vehicle type, it is divided as Passenger Cars, Light Commercial Vehicles & Heavy Commercial Vehicles. Based on the connectivity, it is splitted as V2 V, miMobile & voice control. Furthermore, by distribution based on installation, it is divided into Oem & Aftermarket.
The name of the countries prominent players of this market are as follows Volkswagen Group (Germany),Ford Motor (US), General Motors Company (US), Harman International Industries (US), Denso Corporation (Japan), Fujitsu Ten Limited (Japan), Visteon Corporation (U.S.), Panasonic Corporation (Japan), BMW (Germany), Delphi Automotive (UK), Apple Inc (US).
Key Players
· Dominant Players by Country: Germany, US, Japan, and UK.
· Major Key Players by Dominance:
1. US (Most prominent key players)
2. Japan
3. Germany
4. UK
The market is driven by a number of factors, including:
· Increasing demand for passenger and commercial vehicles
· Rising disposable incomes
· Growing adoption of advanced infotainment systems
· Increasing popularity of connected vehicles
· Government regulations mandating certain infotainment features
What Is Infotainment System In-Car?
An in-car infotainment system is a central digital system that allows you to control a wide variety of vehicle functions. These systems typically include a touchscreen or display screen that allows you to interact with the system.
Infotainment systems can include a variety of features, such as:
· Navigation: Infotainment systems can provide turn-by-turn navigation guidance.
· Audio entertainment: Infotainment systems can play audio from a variety of sources, such as AM/FM radio, CDs, MP3s, and Bluetooth-connected devices.
· Video entertainment: Some infotainment systems can play videos from a variety of sources, such as DVDs, USB drives, and streaming services.
· Climate control: Infotainment systems can be used to control the vehicle’s climate control system, such as the air conditioner and heater.
· Vehicle settings: Infotainment systems can be used to adjust various vehicle settings, such as the clock, language, and driver assistance features.
Here are some of the benefits of having an infotainment system in your car:
· Convenience: Infotainment systems provide a convenient way to control a variety of vehicle functions. You can control everything from the navigation system to the audio system to the climate control system from a single touchscreen or display screen.
· Safety: Infotainment systems can help to improve safety by providing hands-free control of many vehicle functions. This means that you can keep your eyes on the road and your hands on the wheel while using the infotainment system.
· Entertainment: Infotainment systems can provide entertainment for both the driver and passengers. You can listen to music, watch videos, or play games on the infotainment system.
Read more:
In-car Audio System Market Size
