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Automotive Infotainment Systems Market Size Worth $16.75 Billion by 2030 - Increasing Demand for infotainment systems to Propel Growth

02-08-2024 12:07 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: SNS Insider Pvt Ltd

Automotive Infotainment Systems Market

Automotive Infotainment Systems Market

Automotive Infotainment Systems Market size is projected to reach at USD 16.75 Bn by 2030, The market is experiencing a remarkable expansion, propelled by the relentless integration of automation and robotics across various industries.

According to SNS Insider, AGVs incorporate cutting-edge features like Li DAR, RFID, and vision systems, bringing about a trans formative impact on material handling procedures within manufacturing, logistics, and warehouse settings. The international AGV market is on track for continual expansion, driven by the realization among businesses of the substantial capabilities of these smart vehicles in improving efficiency, adaptability, and overall optimization of supply chain operations.

Market Size

Automotive Infotainment Systems Market Size was valued at USD 8.47 billion in 2022 and is expected to reach USD 16.75 billion by 2030 and grow at a CAGR of 8.9% over the forecast period 2023-2030.

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Major Players:

Continental AG (Germany)
Harman International (US)
Panasonic Corporation (Japan)
Pioneer Electronics (US)
Aisin Corporation
DENSO Corporation (Japan)
Pioneer Corporation
KENWOOD Corporation (Japan)
Garmin Ltd. (Switzerland)
Alpine Electronics, Inc. (Japan)
ALLGo Embedded Systems Pvt. Ltd. (India)
Delphi Automotive PLC (UK)

Market Scope:

The expansion of the market is driven by the demand for improved operational effectiveness, lowered expenses, and heightened safety within industrial environments. Various sectors, including automotive, online commerce, and healthcare, are progressively integrating Automated Guided Vehicles (AGVs) to optimize their internal logistics processes, resulting in enhanced efficiency and decreased reliance on human involvement. As AGV technology advances, the market's reach broadens beyond conventional industries, presenting prospects in evolving domains such as intelligent manufacturing facilities and Industry 4.0 endeavors.

Opportunity Analysis:

The market for Automated Guided Vehicles (AGVs) offers a promising field for analysing opportunities, with global industries actively searching for inventive approaches to improve efficiency and productivity in the handling and movement of materials. The incorporation of cutting-edge technologies like AI, machine learning, and sensor systems into AGVs creates possibilities for exceptional levels of automation and optimization. The growing e-commerce industry, along with the rising requirement for timely manufacturing, drives the adoption of AGVs in warehouses and manufacturing plants.

Segmentation Analysis:

The segment related to helmets, when mounted, emerges as a notable example of inventive and effective solutions. The incorporation of helmet-based technologies within AGVs signifies a trans formative change, bringing together state-of-the-art progress with pragmatic applications in industrial settings. These headgear units function as versatile control hubs, featuring advanced sensors, cameras, and interfaces for augmented reality.

By Installation Type:

In-dash
Rear-seat

By Vehicle Type:

Passenger vehicles
Light Commercial vehicles
Electric Vehicles
Heavy Commercial vehicles

By Market Type:

OEM
Aftermarket

Regional Analysis

The APAC region is becoming a hub for creativity and expansion. Recognized for its growing industrial sector and a continuous drive for technological progress, APAC offers a distinctive array of possibilities for deploying Automated Guided Vehicles (AGVs). Noteworthy nations like China, Japan, and South Korea take the lead with their resilient manufacturing systems and a significant focus on incorporating automation. The AGV sector in APAC is experiencing notable growth influenced by factors such as rising labour expenses, the imperative for operational effectiveness, and the unwavering pursuit of accuracy in logistics and material management.

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Key Takeaways

The increasing focus on ensuring the well-being of employees in work environments and minimizing the reliance on manual labour enhances the market's prospects. As Automated Guided Vehicles (AGVs) progress to enhance their versatility, adaptability, and ability to cooperate with other intelligent systems, the market is positioned for notable expansion.
Businesses that allocate resources to advance state-of-the-art AGV technologies, cater to individualized needs, and facilitate smooth integration with current infrastructure are expected to tap into the complete range of possibilities in this dynamic market.

Recent Industry Developments:

Clear path Robotics recently revealed the latest iteration of Automated Guided Vehicles (AGVs), featuring state-of-the-art navigation and obstacle avoidance capabilities. These advancements aim to optimize efficiency and safety in the realm of material handling operations.
Daifuku Co., Ltd, recognized globally for its expertise in material handling and logistics solutions, has developed cutting-edge AGV technology. This technology incorporates advanced sensors and artificial intelligence algorithms, elevating navigation precision and adaptability in dynamic environments.

Table of Contents:

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis

5. Value Chain Analysis

6. Porter's 5 forces model

7.  PEST Analysis

8. Global Automotive Infotainment Systems Market Segmentation, by Installation type

9. Global Automotive Infotainment Systems Market Segmentation, by Vehicle type

10. Global Automotive Infotainment Systems Market Segmentation, by Market type

11. Regional Analysis

12. Company Profiles

13. Competitive Landscape

14. Conclusion

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Contact Us:

Akash Anand - Head of Business Development Strategy
Email: info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company 's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety.

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