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In-Vehicle Infotainment Systems Market is Expected to Reach US$ 43.33 Bn by the End of 2032-Alpine Electronics Inc., JVC Kenwood Holdings Inc., Qualcomm Incorporated, NXP, Harman International Industries, Inc., Continental, Pioneer Corporation, Garmin Ltd

09-11-2022 03:26 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MR ACCURACY REPORTS

The in-vehicle infotainment market is projected to grow from USD 21.21 billion in 2021 to USD 43.33 billion by 2032, at a CAGR of 10.8%. The in-vehicle Infotainment system aggregates all the infotainment functions of the vehicle, including tuner reception, media connectivity, audio playback, navigation, and HMI. It offers solutions such as audio/video entertainment and information content, including radio, media player, TV and video, telephony, navigation, speech control, apps, and connectivity features, which bring digital life right on the road. Asia-Pacific remains the key market for in-vehicle infotainment, though the demand is also substantial in Europe and North America.

Some of the Major Key players profiled in the study are Alpine Electronics Inc., JVC Kenwood Holdings Inc., Qualcomm Incorporated, NXP, Harman International Industries, Inc., Continental, Pioneer Corporation, Garmin Ltd., Panasonic Corporation, Mitsubishi Electric Corporation, GARMIN, Robert Bosch GmbH, Clarion Technologies, Embitel Technologies, Tomtom International BV, Aptiv PLC, Visteon Corporation

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hough vehicle production in China was back on track by the end of 2020, other key vehicle manufacturing countries such as India, Japan, Germany, Spain, and the UK were severely impacted by the COVID-19 pandemic. The second wave of the COVID-19 and resultant lockdowns impacted Europe by the end of 2020 and Asian countries in Q1 of 2021 and disrupted the automotive supply chain. However, vehicle production started recovering since Q2 of 2021, and global vehicle production reached 82,072.6 thousand units in 2021 compared to 81,517.7 thousand units in 2020. This, in turn, impacted estimations of the in-vehicle infotainment market in the post-COVID-19 situation. Earlier, the market was projected to reach USD 45,573.6 million by 2027 from USD 26,998.4 million in 2021. However, as per the current projections, the market is expected to reach USD 38,419.7 million by 2027.

The possibility of new COVID-19 variants and fluctuating number of cases in major countries such as India and the US in 2022 might impact the in-vehicle infotainment demand in 2022. However, a recovery in vehicle production since mid-2021 with higher rates of vaccination is expected to support the growth of the market in the coming years..

Global In-Vehicle Infotainment Systems Market Segmentation:

In-Vehicle Infotainment Systems Segmentation by Type:

Hardware, Software.

In-Vehicle Infotainment Systems Segmentation by Application:

Autonomous Vehicles, Rail and Transit, Inflight Entertainment

Key market aspects are illuminated in the report:

CHALLENGE: Cybersecurity
Despite major developments in in-vehicle infotainment technology, cybersecurity remains a major challenge to be tackled. In-vehicle infotainment comprises hardware, software, mobile apps, and Bluetooth, and each of them is vulnerable to cyberattacks. Amico, a vehicle privacy and cybersecurity advocate, notified the Automotive Information Sharing and Analysis Center (Auto-ISAC), an organization established by the automotive industry to share and analyze intelligence about emerging cybersecurity risks. Amico worked for months with Auto-ISAC to help its affected members understand how an attacker might access information stored in automotive infotainment systems. There are various instances where cybersecurity has created a nuisance. For example, Chrysler's Jeep case where two researchers were able to hack into a Jeep, which led to upgrading of software in 1.4 million vehicles. Similarly, Tesla S and Nissan Leaf are also examples of the threat of cyberattacks in-vehicle infotainment systems face.

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Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.

Manufacture by region: This Global In-Vehicle Infotainment Systems report offers data on imports and exports, sales, production and key companies in all studied regional markets

Market Segmentation: By Geographical Analysis

The study segments the in-vehicle infotainment market :
By Vehicle Type
Passenger Car
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)

By Component
Infotainment/Display Unit
Control Panel
Telematics Control Unit
Head-Up Display

By Operating System
Android
Linux
QNX
Microsoft
Android
Others

By Services
Entertainment Service
Navigation Services
E-call
Vehicle Diagnostics
Others
By Location
Front Row
Rear Row

By Connectivity
3G/4G
5G

By Form
Embedded
Tethered
Integrated

Retrofit, By Vehicle Type
Passenger Cars
Commercial Vehicles

Electric Vehicle, By Vehicle Type
Battery Electric vehicle,
Plug-in Hybrid Electric Vehicle
Fuel-Cell Electric Vehicle

By Region
Asia Pacific
North Americ
Europe
Rest of the World [RoW]

Recent Developments
In December 2021, Bosch developed a high-performance infotainment domain computing system built precisely for the vehicles of today and tomorrow. It helps bring features like in-car communication, in-car payment, video streaming, voice assistants and more to vehicles quickly. The Information domain computer delivers support for multiple in-vehicle systems within a single solution, and provides vehicle manufacturers with a cost-effective, flexible, scalable, and powerful control unit for the future of in-vehicle technology.
In December 2021, Continental launched its MultiViu Sports display platform, a highly adaptable instrument cluster for motorcycles and motor scooters. MultiViu Sports displays are based on a scalable development platform that can be easily adjusted to the requirements of diverse groups of motorcyclists. KTM, a major Austrian manufacturer, is already using the platform and will be equipping its KTM 1290 SUPER ADVENTURE S with the seven-inch MultiViu Sports 7.
In April 2021, Harman announced the introduction of the Harman Ignite Store Developers Portal - a developer hub dedicated to the Android Automotive developer community. Through the Developers Portal, those developing to the Android Automotive open OS can deploy automotive apps that OEMs can, and then easily scale and manage to drive new digital touchpoints with their customers through the HARMAN Ignite Store.

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Fit Type Insights
By fit type, the global automotive infotainment market is bifurcated into Original Equipment(OE) fitted and aftermarket. The OE fitted segment holds a market share of 71.6% in 2021, attributed to easy service and low maintenance features. OE fitted systems are part of the car warranty provided by the manufacturer, preventing customers from paying any extra fee for OE systems, thereby increasing its preference over other aftermarket products while contributing to segmental growth. By adding OE in automobiles, manufacturers can access the stored data. The collected information can then be utilized by the sales and marketing team of the company for campaigning purposes.

However, the aftermarket segment is expected to witness considerable growth of 6.3% for the given forecast period. With the advancement of technologies, the previous system has evolved into a new infotainment system providing customers the choice of selecting an infotainment system according to their preference and at a low cost.

Vehicle Type Insights
By vehicle type, automotive infotainment can be bifurcated into passenger cars and commercial vehicles. The passenger cars segment holds more than 80.0% market share by volume in 2021. A higher share of the passenger care segment is attributed to the increased adoption of luxury cars by consumers, concentrated in developing nations.

Luxury cars offer more technology and safety features, with cabin comforts requiring advanced infotainment systems. Automobile manufacturers provide subscription-based services, better sales, and financing options to customers, making these factors contributors to luxury car sales. Furthermore, companies such as Uber & OLA are trying to make long drives more comfortable and entertaining by making passenger vehicles more interactive and hand-free, thereby maintaining a significant market share.

If you have any special requirements, please let us know and we will offer you the report as you want. you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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