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Automotive Infotainment Market Segmentation by Application, Technology, Region, Growth and Demand Forecast to 2023
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The growth of automotive infotainment products and services is driven by constant innovation in the wireless communication services and technology. The use of voice interface systems in automobiles is an opportunity, which is expected to boost the growth of the global automotive infotainment market during the next few years.
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The global automotive infotainment market is also driven by the growing manufacturer demand for more sophisticated head units in lesser priced car models. The demand for less expensive, smaller, compact cars is increasing with the growth in traffic and increasing price of fuel. Original equipment manufacturers (OEMs) are working with suppliers to develop feature-packed, low-cost infotainment systems priced for the low to medium priced car market.
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General Motors Company, Ford Motor Company, Honda Motor Co. Ltd., Bose Corporation, Volkswagen AG, Flextronics International are some of the major competitors in the global automotive infotainment market. The demand for more sophisticated systems will lead to an increase in the economies of scale, which would eventually drive the growth of the market for automotive infotainment.
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