Automotive Infotainment Market Highlights:
Automotive Infotainment Market Key Players:
The key players in global automotive infotainment market are Alpine Electronics, Inc. (Japan), Continental AG (Germany), Harman International Industries, Inc. (U.S.), Panasonic Corporation (Japan), and Pioneer Corporation (Japan). DENSO Corporation (Japan), Garmin Ltd. (U.S.), Kenwood Corporation (Japan), Aptiv PLC (U.S.), and AllGo Embedded Systems Pvt Ltd (India) are among others.
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There are many factors responsible for the growth of the automotive infotainment market. Firstly, there is an increased support for open source platforms, which can be used for building integrated software, which run these infotainment systems. Secondly, these infotainment systems can easily be connected to a number of devices operating on different operating systems such as smartphones operating on the Android, iOS or Symbian technology. The ability of these systems to be connected with other devices such as USB drives, laptops, and tablets adds to the smooth customer experience. Thirdly, rising demand from the automotive customers for the installation of integrated infotainment systems adds to the increased production of these systems from automakers. The automotive infotainment market is expected to expand at CAGR of around 6.36% during the period 2018 to 2024.
The automotive infotainment is a collection of different hardware and software systems. These systems are primarily used in the audiovisual entertainment systems. The automotive infotainment system that has been incorporated in the automobiles has undergone a lot of change over time. The system has come a long way from the days of mono speakers and cassette players, and the radio or the transistor players to the present day systems. These present-day infotainment system consists of CD players, USB players, Bluetooth players, multi-channel radio players, smartphone connection facility, stereo multi-speaker sets and LCD & LED screens. The incorporation of navigation system and the connection of automobile entertainment system to the smartphone internet connection provides further options in the infotainment system.
North America has dominated the market during the forecast period because the sales of large automobiles for long distance travelling is the highest in this region. Since people in this region prefer the personal automobile for travelling over the public transport, installation of high-end infotainment systems in these vehicles makes business sense to lure the customers. This helps customers spend more time in the automobile, comfortably. The global automotive infotainment market in North America is expected to expand at a CAGR of 6.49% during the forecast period. Asia Pacific is the second largest market that has grown during the forecast period due to consistent increase in the automotive sales since the last two decades.
The report for Global Automotive Infotainment Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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