Auto Infotainment Market Poised to Reach US$19.9 Billion by 2032

The global Auto Infotainment Market reached a valuation of US$7.2 Billion in 2021, and by 2022, it had grown to US$7.9 Billion. Projections indicate a robust growth trajectory during the period from 2022 to 2032, with a forecasted demand increase at a compound annual growth rate (CAGR) of 9.7%, culminating in an estimated value of US$19.9 Billion by the end of the forecast period.

𝗚𝗲𝘁 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗼𝗽𝘆:
https://www.factmr.com/connectus/sample?flag=S&rep_id=584

Several factors contribute to this anticipated growth, including rising disposable income and per-capita spending, which are expected to propel the auto infotainment market forward. The integration of multimedia and smartphones into infotainment systems has unlocked a plethora of features such as tracking systems, telematics, and advanced navigation functionalities, thereby revolutionizing the auto infotainment landscape.

Moreover, there is a noticeable consumer shift towards prioritizing entertainment during driving experiences, coupled with a burgeoning demand for car customization, fueled by increasing per capita income levels. Additionally, the growing emphasis on vehicle safety and security further augments market expansion.

Although the COVID-19 pandemic dealt a significant blow to the automotive sector, adversely affecting associated components like infotainment equipment, the gradual relaxation of travel restrictions and business operations is expected to reinvigorate market activity. Notably, North America is poised to emerge as a key player in the global auto infotainment market, buoyed by substantial technological advancements.

Market participants are actively striving to provide comprehensive solution packages to clients, particularly end users, which in turn, is bolstering growth within the auto infotainment industry.

According to Fact.MR, a leading market research and competitive intelligence provider, the global auto infotainment market witnessed a valuation of US$7.2 Billion in 2021.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗞𝗲𝘆 𝗗𝗿𝗶𝘃𝗲𝘀:

Global Chemical Trade Expansion:

As industries worldwide continue to expand, the demand for chemicals grows in tandem. Chemical tankers facilitate the transportation of these substances, enabling manufacturers to access raw materials from distant locations. The increasing globalization of trade has spurred the need for efficient and reliable tanker services.

Stringent Safety and Environmental Regulations:

With a heightened focus on safety and environmental protection, regulations governing the transportation of hazardous chemicals have become more stringent. This has led to a greater demand for modern, environmentally-friendly tanker vessels equipped with advanced safety features to ensure compliance with regulatory standards.

Technological Advancements:

The chemical tanker industry has witnessed significant technological advancements aimed at enhancing operational efficiency and safety. Innovations such as advanced cargo handling systems, inert gas systems, and ballast water treatment systems have improved the overall performance and sustainability of tanker fleets.

Shift towards Specialized Vessels:

The evolving nature of chemical cargoes, including the transportation of liquefied gases and hazardous chemicals, has led to a growing demand for specialized tanker vessels designed to meet specific requirements. These vessels are equipped with specialized containment systems and cargo handling equipment to ensure the safe transportation of diverse chemical products.

𝗙𝘂𝘁𝘂𝗿𝗲 𝗢𝘂𝘁𝗹𝗼𝗼𝗸:

Eco-Friendly Initiatives:

The industry is expected to witness an increased focus on eco-friendly initiatives, driven by regulatory pressure and sustainability goals. This includes the adoption of alternative fuels, such as LNG, and the development of greener propulsion technologies to reduce emissions and minimize the environmental impact of tanker operations.

Digitalization and Automation:

The integration of digital technologies and automation is set to revolutionize tanker operations, enhancing efficiency, safety, and reliability. From predictive maintenance systems to autonomous vessels, digitalization holds the potential to streamline operations and optimize resource utilization in the chemical tanker industry.

Market Consolidation and Strategic Partnerships:

The industry is likely to witness further consolidation as companies seek to strengthen their market positions through mergers, acquisitions, and strategic partnerships. Consolidation enables companies to achieve economies of scale, expand their geographic presence, and enhance their service offerings to meet evolving customer needs.

Focus on Crew Welfare and Training:

With an increasing emphasis on crew welfare and safety, industry stakeholders are expected to invest in crew training programs and initiatives to ensure the well-being and competence of seafarers. This includes training on safety procedures, emergency response protocols, and the use of advanced technologies onboard chemical tankers.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗙𝗥𝗘𝗘 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗥𝗲𝗽𝗼𝗿𝘁:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=584

𝗠𝗮𝗿𝗸𝗲𝘁 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀:

Continental AG
HARMAN International
DENSO CORPORATION
Delphi Automotive LLP
FUJITSU TEN LIMITED
Garmin Ltd.

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲:

In November 2022, Continental, a technology company, unveiled an innovative iteration of its compact 2-channel ABS designed for motorcycles. Dubbed the MK 100 MAB PYA, this system features a groundbreaking addition: a new type of sensor seamlessly integrated directly onto the ABS circuit board. This integration not only enhances functionality but also proves to be remarkably cost-effective compared to employing a separate sensor box-an advantage particularly pronounced in high-volume models.

In July 2022, HARMAN International made a significant announcement regarding the ARD Audiothek app. The app will now be accessible through the HARMAN Ignite Store, a premier connected vehicle platform empowering automakers to curate, administer, and maintain their personalized in-vehicle app marketplace. Initially launching in Germany, this collaboration between HARMAN and ARD promises to streamline the integration of the ARD Audiothek app into automotive systems, ensuring seamless and secure access for millions of drivers. Consequently, drivers can now effortlessly immerse themselves in the rich audio content offered by ARD while on the road.

𝗕𝗿𝗼𝘄𝘀𝗲 𝗙𝘂𝗹𝗹 𝗥𝗲𝗽𝗼𝗿𝘁 @ https://www.factmr.com/report/584/auto-infotainment-market

𝗠𝗮𝗿𝗸𝗲𝘁 𝗞𝗲𝘆 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

By System Type:
Entertainment System
Connectivity System
Driver Assistance System

By Vehicle Type:
Passenger Cars
Light Commercial Vehicle
High Commercial Vehicle

By Sales Channel:
OEM
Aftermarket

By Region:
North America
Latin America
Europe
Japan
APEJ
MEA

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
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