Press release
Global Car Mounted Multimedia Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2028
The global car mounted multimedia market is anticipated to grow at a moderate CAGR of 3.2% during the forecast period (2022-2028).The rise in the production of passenger and commercial vehicles coupled with government incentives is anticipated to drive the growth of the global car mounted multimedia market. As per the data published by India Brand Equity Foundation (IBEF) in 2022, India has sold 3.49 million units in passenger and commercial vehicle categories. In October 2021, the total production volume of passenger vehicles reached 2,214,745 units. The luxury car market had registered sales between 28000-33000 units in 2021, up from 20000-21000 units sold in 2020.The rising adoption of connected cars is anticipated to drive the growth of the global car mounted multimedia market. For instance, Mercedes-Benz India had strengthened its connected car ecosystem, by launching the S-class Maestro Edition in 2021, featuring the Mercedes Me connect Technology. With the "Mercedes Me" app on the phone, customers can track the location of the vehicle, remotely unlock the vehicle, set speed alerts for other users, and operate the windows sunroof. Moreover, the Me Connect technology also offers several features such as Alexa home integration with Mercedes me connect, google home Mercedes me connect, and parking solutions POIs in navigation systems. Similarly, Mercedes Benz MBUX infotainment technology is a voice-activated virtual assistant that allows a driver to search for destinations, control vehicle functions, and more. The MBUX Navigation connects the virtual world with the real world. This technology incorporates traffic information into live images.
The rise in the emergence of technologies such as the Internet of things (IoT), 5G, and others are anticipated to drive the growth of the market. The Internet of things (IoT) describes the network of physical objects that are embedded with sensors, software, and other technologies for exchanging and connecting data with other devices over the internet. The penetration of IoT in automotive has enhanced the potential for connection and visualization. According to Global System of Mobile Association estimates, IoT connections are anticipated to reach 25 billion globally by 2025, from 10.3 billion in 2018. In addition, 5G technology for rapid internet connectivity is anticipated to enhance the functioning of augmented reality in automobiles. According to the Global System for Mobile Association, 5G is anticipated to account for 1.2 billion connections or one-third of the population by 2025.
Looking toward the demand for car mounted multimedia, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in October 2021, Sony Group Corp. launched XAV-AX8100 in-car multimedia, offering new utility features, sound, and smart features. This is a 22.7cm anti-glare display with a responsive touch screen.
(Get 15% Discount on Buying this Report)
Get Sample Copy of Global Car Mounted Multimedia Market at:
https://orionmarketreports.com/request-sample/?id=108844&submit=Request+Sample%0D%0A
Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Sony Group Corp., Samsung Electronics Co.Ltd., and Panosonic Holdings Corp., among others
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
A full report of Global Car Mounted Multimedia Market is available at:
https://orionmarketreports.com/global-car-mounted-multimedia-market/108844/
Global Car Mounted Multimedia Market Report by Segment
By Type
• Audio
• Video
• Infotainment system
• Others
By Application
• Passenger Car
• Commercial Car
Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Car Mounted Multimedia Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2028 here
News-ID: 2632938 • Views: …
More Releases from Orion Market Reports
Module Power Supply Market to see Huge Growth by 2031
The Module Power Supply Market is experiencing substantial growth, fueled by increasing demand for efficient, compact, and reliable power solutions across a wide range of industries. These power supplies, which convert electrical power to a suitable form for specific applications, are essential in sectors like telecommunications, automotive, medical devices, and consumer electronics. With technological advancements and rising energy efficiency needs, the market is expected to continue expanding, driven by innovations…
Plasma Spray Guns Market to see Rapid Growth by 2031
The Plasma Spray Guns Market is witnessing significant growth, driven by the rising demand for surface coating and thermal spray applications across industries such as aerospace, automotive, manufacturing, and electronics. Plasma spray guns are widely used for depositing coatings on substrates to enhance their properties, including wear resistance, corrosion resistance, and thermal protection. As industries continue to focus on improving product performance and durability, the plasma spray gun market is…
Plasma Surface Treatment Machine Market Will Generate Record Revenue by 2031
The Plasma Surface Treatment Machine Market is witnessing significant growth as industries increasingly adopt plasma surface treatment technology for enhancing the properties of materials. Plasma surface treatment machines are used to modify the surface characteristics of materials like metals, plastics, and ceramics, offering improvements in adhesion, corrosion resistance, and wear resistance. As the demand for advanced surface treatments rises across automotive, electronics, packaging, and manufacturing sectors, the market for plasma…
Plasma Torch Market Value Projected to Expand by 2031
The Plasma Torch Market is experiencing rapid growth, driven by the increasing demand for high-precision cutting and welding technologies in industries such as manufacturing, automotive, aerospace, and construction. Plasma torches are essential tools in thermal cutting applications, offering fast and accurate cuts on various materials, including metals, plastics, and composites. With advancements in plasma cutting technology and the growing need for energy-efficient solutions, the market for plasma torches continues to…
More Releases for Mercedes
Global Motorsport Market 2018 - Ferrari, McLaren, Mercedes-Benz
Apex Market Research, recently published a detailed market research study focused on the "Motorsport Market" across the global, regional and country level. The report provides 360° analysis of "Motorsport Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Motorsport industry, and estimates the future trend of Motorsport market on the basis of…
Mercedes-Benz Hosted Tennis Tournament to Benefit Hillsides
(ARCADIA, CA)—Rallying support for the services provided by Hillsides, a Pasadena charity, Rusnak/Arcadia presented the Mercedes-Benz Local Dealer Tennis Tournament. The tournament offered players an opportunity to serve both on the court and for the charity. Funds raised benefited Hillsides, a premier service provider offering behavioral health care and education services to vulnerable children and families in Los Angeles County.
“A tennis tournament geared for women in our community is a…
Kögel visits the Mercedes-Benz Truck & Trailer Symposium
Burtenbach, 24th. November 2011
Kögel Managing Director informs about efficiency optimisation of commercial vehicles and development trends in the trailer sector
The highlights of development at Kögel are the lightweight and aerodynamic solutions and alternative types of drive
The manager and development manager at Mercedes-Benz Trucks and Thomas Eschey, Managing Director Technology at Kögel and experts from other trailer manufacturers came together in the run-up of the "Trailer 2011" exhibition in…
FleetBoard available ex works for Mercedes-Benz Sprinter
Stuttgart – The FleetBoard telematics system is now available as original equipment ex works for the Mercedes-Benz Sprinter. Previously the telematics system was only available for the Sprinter as a retrofit option. "By simply ordering the FleetBoard system with a new vehicle, fleets can significantly reduce operating and process costs", notes Markus Lipinsky, Director of Daimler FleetBoard GmbH. Real tests conducted in the distribution transportation sector have shown that fuel…
Green Room Retail Revamp Mercedes-Benz's Displays
Birmingham, United Kingdom (February 18, 2011) - Green Room Retail, leading expert providers of retail solutions including retail design, point-of-purchase, shop-in-shop and flagship store design, have delivered their latest design for Mercedes-Benz's retail displays.
The fourth in an initial series of nine executions, this latest scheme celebrates Mercedes-Benz's 125th anniversary, and was completed in time for the company's official birthday on 29th January.
Now presented in the Mercedes-Benz flagship showroom in Brentford…
Green Room Retail Renovate Mercedes-Benz’s Displays
Birmingham, United Kingdom (January 04, 2011) – Green Room Retail, leading expert providers of retail solutions including retail design, point-of-purchase, shop-in-shop and flagship store design, announce that they have redesigned Mercedes’ displays as part of their on-going project with the car manufacturing giant.
Mercedes-Benz’s retail display has been an ongoing project for Green Room Retail since August 2010, when they won the contract to design, develop and install striking visual…
