The global automotive infotainment market is expected
to reach USD 37.62 billion by 2025, according to a new study by Grand View
Research, Inc. The increasing adoption of smartphones is anticipated to have a
significant impact on the in-car infotainment market, as they are the most
prominently used connectivity gateways of an infotainment system.
The demand for enhanced driving experience is also predicted to drive
the market over the forecast period. The increased focus on driver comfort and
convenience has led to the development of various automotive infotainment
systems, which offer innovative features such as voice control, Bluetooth
connectivity, real-time traffic updates, and navigation information. These
features provide comprehensive vehicle information to the driver and thereby,
enhance safety and driving experience. However, these systems involve high
costs of integration and are primarily integrated in premium and luxury
vehicles. Inadequate infotainment security and privacy are predicted to hinder
the growth of the automotive infotainment market.
The use of infotainment systems in commercial vehicles is mainly driven
by the widespread adoption of navigation units. The implementation of
navigation and communication units in a commercial vehicle has increased
operational efficiency and enabled a reduction in response time during
emergency situations. As commercial vehicles have high travel time, compared to
passenger cars, improving safety and driver experience is very essential.
Full research report on automotive infotainment
market analysis:
http://www.grandviewresearch.com/industry-analysis/automotive-infotainment-systems-market
http://www.grandviewresearch.com/industry-analysis/automotive-infotainment-systems-market
Further key findings from the study suggest:
·
The communication unit dominated the
product segment and was valued at USD 3.9 billion in 2016
·
The head-up display segment is expected to
be the fastest-growing segment with an anticipated CAGR of 13.5% over the
forecast period
·
The key success factor for various
participants to gain traction in the market is building cost-effective and
driver-centric automotive infotainment systems
·
Automotive infotainment aftermarket
products are cost-effective, as compared to OE fitted, and are much preferred
by price sensitive consumers
·
The passenger car segment is expected to
grow at the highest CAGR of 11.4% over the forecast period, owing to the
growing trend of low-cost passenger cars
·
The Asia Pacific region is predicted to
witness a CAGR of 11.3% during the forecast period, owing to the presence of
prominent OEMs such as Hyundai Motor Company and Toyota Motor Corporation
·
The key industry participants of the market
include Continental AG, Harman International, Panasonic Corporation, Alpine
Electronics, Inc., Denso Corporation, Pioneer Corporation, Visteon Corporation,
Clarion Co., Ltd., Delphi Automotive PLC, and JVC KENWOOD Corporation
View more reports
of this category by Grand View Research at: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the automotive infotainment market
based on product types, fit types, applications, and regions:
Automotive
Infotainment Product Type Outlook (Revenue, USD Million; 2014 - 2025)
·
Audio Unit
·
Display Unit
·
Head-up display
·
Navigation Unit
·
Communication Unit
Automotive
Infotainment Fit Type Outlook (Revenue, USD Million; 2014 - 2025)
·
OE fitted
·
Aftermarket
Automotive
Infotainment Application Outlook (Revenue, USD Million; 2014 - 2025)
·
Passenger Cars
·
Commercial Vehicles
Automotive
Infotainment Regional Outlook (Revenue, USD Million; 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o UK
o Germany
·
Asia Pacific
o China
o India
o Japan
·
South America
o Brazil
View Press Release of this research
report by Grand View Research: https://www.grandviewresearch.com/press-release/global-automotive-infotainment-systems-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
No comments:
Post a Comment