Automotive Infotainment Market expected to reach USD 502.9 billion by 2025 : Grand View Research, Inc.

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

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

Craft Beer Market is expected to reach USD 502.9 billion by 2025 : Grand View Research, Inc.

The global craft beer market is expected to reach USD 502.9 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness substantial growth over the forecast period on account of the rising demand for low alcohol by volume (ABV) and flavored beer.

The government in countries including Australia, New Zealand, Belgium, Mexico, China, and the UK are promoting the production of craft beer and incorporation of new breweries on account of the positive contribution of the industry towards economic development and employment generation coupled with the willingness of the consumer to pay extra for better tasting brews.

Australia, Belgium, Germany, U.S. and New Zealand are the major craft beer producing countries with over 65% of the overall production in terms of value as well as volume. Belgian is the most preferred beer among the major craft beer consuming countries owing to the premium quality, clean taste and rich flavor & aroma of the brews.

Furthermore, the number of brewers in the global market is growing significantly on account of the rising demand for the product. As a result, the demand for grains such as barley, wheat, yeast, sugar, and hops is increasing substantially. However, the alternative applications of the raw materials are expected to lower the bargaining power of the brewers.

The demand for the pale ale, IPA, and amber ale is growing as these three craft products are widely preferred by the consumers owing to the balanced composition of the raw materials in the product including malt, hops, water, and yeast.

Full research report on craft beer market analysis:
http://www.grandviewresearch.com/industry-analysis/craft-beer-market

Further key findings from the report suggest:

·         On-trade distribution of craft beer accounted for over 50% in 2015 of the overall volume share, which is primarily attributed to the high consumption of the product in restaurants, bars, and clubs in developed economies including UK, Australia, and Belgium.

·         Off-trade distribution of the product is expected to witness significant growth in developing economies as the consumer spending power in these countries is low with high price of the product in on-trade distribution outlets as compared to its counterpart

·         Europe is expected to account for the largest market share in terms of volume owing to the high consumer preference for flavored beer over other alcoholic spirits. In addition, increasing demand for IPA and pale ale in the region is expected to have a positive impact on the market growth.

·         Middle East & Africa is expected to grow at a CAGR of 28.9% owing to the increasing penetration in South Africa. The growing consumer awareness about the wide range of flavors and styles of the product is expected to be a crucial factor for market growth in the country.

·         Key players in the industry include The Boston Beer Company, The Gambrinus Company, D.G. Yuengling and Son, Stone & Wood Brewing Co. and Chimay Beers and Cheeses. These major players compete on the basis of acquiring new markets and increasing their product portfolio.

View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods

Grand View Research has segmented the craft beer market on the basis of distribution and region:

Craft Beer Market Distribution Outlook (Volume, Billion Liters; Revenue, USD Billion, 2014 - 2025)

·         On-trade

·         Off-trade

Craft Beer Market Region Outlook (Volume, Billion Liters; Revenue, USD Billion, 2014 - 2025)

·         North America

o    U.S.

·         Europe

o    Germany

o    UK

·         Asia Pacific

o    Australia

o    China

o    India

o    Japan

o    New Zealand

·         Central & South America

o    Brazil

·         Middle East & Africa

o    South Africa

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-craft-beer-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