In-vehicle Infotainment Market Outlook to 2025 by Leading Players Harman International, Panasonic Corporation, Alpine Electronics Inc., Clarion Co., Ltd. and JVC Kenwood Corporation. Also, Continental AG, Denso Ten Limited
The global in-vehicle infotainment market is estimated to grow at a CAGR of 6.2% during the forecast period 2017 - 2025 and accounts for US$ 33.16 Bn in the year 2025.
In-vehicle Infotainment market Analysis to 2025 is a specialized and in-depth study of the In-vehicle Infotainment industry with a focus on the global market trend. The report aims to provide an overview of global In-vehicle Infotainment market with detailed market segmentation by product/application and geography. The global In-vehicle Infotainment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the In-vehicle Infotainment market players and offers key trends and opportunities in the market.
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Some of the global key players operating in the in-vehicle infotainment market are Harman International, Panasonic Corporation, Alpine Electronics Inc., Clarion Co., Ltd. and JVC Kenwood Corporation. Also, Continental AG, Denso Ten Limited, Garmin Ltd., Pioneer Corporation and Visteon Corporation are other key companies in the in-vehicle infotainment market.
APAC region is one of the most important global automotive hubs. China accounts for approximately 30% of the passenger car produced globally. Lower cost of labor wages and availability of skilled workmen in the region hands competitive advantage to the region for manufacturing of automobiles. Moreover, the Government in countries such as China and India that are two important manufacturing destinations for automotive OEMs have been rolling out favorable policies that have attracted significant foreign direct investments in the automobile and technology sector. Also, the semiconductor sector of APAC is very strong which is required for the development of an infotainment system for control and various other purposes. The prosperity of both industries augurs well for the advancements in the in-vehicle infotainment systems. Rising disposable incomes of consumers in these countries opens a wide potential market for infotainment suppliers for this region.
As per the automobile associations, the global vehicular population had crossed 1 billion mark in the year 2010 itself which was driven by the aggressive growth rates in India and China in that fiscal year. The rise in the sales of vehicles and in particular passenger cars can be attributed to the steady increase in the disposable incomes of consumers. Developing economies witnessed a steady growth in the post-recession era and thus there was rise in the disposable incomes with consumers. In the western countries where consumers have huge disposable incomes at their disposal, it has been observed that with the rise of vehicular population, there has been significant changes in the selection parameters of passenger cars. Cost and fuel efficiency no longer stay as the primary criterion for purchasing. Instead the purchases more depend on the comfort and luxury provided in the car. Infotainment systems and the technology inside the car are increasingly becoming important to customers today.
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