Pune, 05, Dec 2022: Maximize Market Research, a leading Automotive and Transportation consultancy firm, published a report on In-Vehicle Infotainment Market and estimates that the global In-vehicle Infotainment Market size was valued at USD 2.9 Billion in 2021 and the total revenue is expected to grow at 10.9% of CAGR from 2022 to 2029, reaching USD 6.64 Billion. The report acts as a reference for investors by offering a comprehensive representation of competition analysis of top rivals in the Water Transport Market based on financial status, product portfolio, development strategies, and geographical presence.
In-vehicle Infotainment Market Scope and Research Methodology
The report’s study of the In-Vehicle Infotainment Industry focuses on the market’s fundamental drivers, opportunities, challenges, current market trends, and market restraints, supporting users in discovering business prospects and developing market strategies to build their market presence. The bottom-up approach is used for the market estimate and forecasting. To validate the findings, data were obtained from a large sample utilizing both primary and secondary research methods. SWOT analysis was used to examine the strengths and weaknesses of key firms, while PORTER and PESTLE were used to investigate diverse economic challenges.
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In-vehicle Infotainment Market Overview
In-car infotainment systems provide information and entertainment via touchscreen displays, button panels, and audio/video interfaces. When utilized in conjunction with smartphone integration services, they provide drivers with hands-free access to emails, messages, and phone calls. Drivers may link their devices to access their favorite music playlists and other digital libraries. Certain automobiles’ in-car entertainment systems may even feature monitors for middle or rear passengers to utilize. Back passengers may use them to watch movies or play video games when the car is stopped or moving.
In-vehicle Infotainment Market Dynamics
The increasing need for advanced safety features, self-driving cars, digital cockpits for driver assistance, and entertainment is driving the automotive infotainment business ahead. Customers’ tastes are shifting towards technologically advanced solutions, which is driving the growth of the automotive infotainment business. Every car requires a chipset because it allows autos to travel, communicate, and operate themselves. A significant constraint was imposed as a result of the employment of chipsets in vehicles. Rising smartphone adoption and high internet connectivity are having a big influence on global market growth. The report evaluated the influence of cybersecurity and high costs on the in-vehicle entertainment market, as well as nations’ strong demand in the car sector.
Interactive information and entertainment systems are currently deployed in automobiles for entertainment and navigation purposes. The touchscreen infotainment system, on the other hand, may distract drivers and increase the likelihood of an accident. The technology does not need the driver to glance away from the road and at the screen to change the music, or channel, set up the next navigation, or turn on/off the radio. These challenges are expected to restrict the market for automotive entertainment systems during the forecast period.
In-vehicle Infotainment Market Segmentation
By Product Type
- Audio unit
- Display unit
- Heads-Up display
- Navigation unit
- Communication unit
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Connectivity Type
In-vehicle Infotainment Market Regional Insights
In 2021, Asia Pacific led the market with a 45% share. The Asia Pacific area includes China, India, Japan, South Korea, and the rest of Asia-Pacific for the in-vehicle entertainment market analysis. Additionally, the Asia Pacific area now offers more opportunities for enhanced infotainment services as a result of rising GDP, infrastructure investments, rising per capita income, a growing demand for comfort and leisure, and government incentives for FDIs. The tech-savvy populations of these countries want a better, more connected driving experience. Major automotive manufacturers in this region are focusing on building and innovating current electrical and semiconductor technologies in order to give consumers trustworthy, secure, and performance-oriented in-vehicle infotainment. Even mid-range vehicles in the Asia Pacific market have best-in-class infotainment.
In-vehicle Infotainment Market Key Competitors:
- Harman International Industries Inc.
- Visteon Corporation
- Denso Corporation
- Robert Bosch GmbH
- Aptiv PLC
- Continental AG
- Clarion Co., Ltd.
- Magnetic Marelli SpA
- Alpine Electronics Inc.
- Pioneer Corporation
- Mitsubishi Electric Corporation
- Kenwood Corporation
- FUJITSU TEN Limited
- Delphi Automotive LLP
- Garmin Ltd.
- MMI Navigation
- Panasonic Corporation
- Samsung Electronics
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Key questions answered in the In-vehicle Infotainment Market are:
- What is In-vehicle Infotainment?
- What is the growth rate of the In-vehicle Infotainment Market during the forecast period?
- What is the nature of competition in the In-vehicle Infotainment Market industry in developed economies and developing economies?
- Who are the key players in In-vehicle Infotainment Market?
- Who are the market leaders in In-vehicle Infotainment Market in India, China, Japan, and South Korea?
- What are the factors affecting growth in In-vehicle Infotainment Market?
- Who held the largest market share in In-vehicle Infotainment Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Product Type, Vehicle Type, Passenger Cars, Connectivity Type, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
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