Electric Vehicle Infotainment Market Size, Share, Industry Analysis, Segments And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Electric Vehicle Infotainment Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $6.92 Bn In 2028 At A CAGR Of 32.9% :

The electric vehicle infotainment market size has grown exponentially in recent years. It will grow from $1.62 billion in 2023 to $2.22 billion in 2024 at a compound annual growth rate (CAGR) of 36.4%. The growth in the historic period can be attributed to increased screen size, increasing usage of wireless connectivity, urbanization, safety regulations.

The electric vehicle infotainment market size is expected to see exponential growth in the next few years. It will grow to $6.92 billion in 2028 at a compound annual growth rate (CAGR) of 32.9%. The growth in the forecast period can be attributed to content streaming, head-up displays, augmented reality, ecosystem expansion, in-car health and wellness, autonomous driving. Major trends in the forecast period include integrated charging infrastructure, battery swapping stations, smart charging solutions, wireless charging technology, ultra-fast charging stations.

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Electric Vehicle Infotainment Market Major Segments
The electric vehicle infotainment market covered in this report is segmented -

1) By System Type: Multimedia, Heads-up Display, Navigation Unit, Communication Unit, Rear Seat Entertainment
2) By Connectivity Type: Bluetooth, Cellular, Wireless, Wired Connectivity
3) By End-Use: Battery Electric Vehicle, Hybrid Electric Vehicle

Key Driver - Rising Consumer Adoption Of Electric Vehicles Driving Growth Of The Electric Vehicle Infotainment Market

The increasing consumer adoption of passenger and commercial electric vehicles is expected to propel the growth of the electric vehicle infotainment market going forward. Passenger and commercial electric vehicles refer to a diverse range of electrically powered automobiles designed for either personal transportation or commercial purposes. Consumers are adopting passenger and commercial EVs due to continued expansion of charging infrastructure, decreasing battery costs, and inclination towards sustainable mode of transportation. Electric vehicle infotainment systems enhance passenger comfort and driver productivity, offering entertainment, connectivity, and navigation features crucial for the overall user experience in both passenger and commercial electric vehicles. For instance, in July 2023, according to the Internal Energy Agency, a France-based autonomous intergovernmental organization, over 2.3 million electric cars were sold in the first quarter of that year, a 25% increase from the same period last year. By the end of 2023, EV sales are expected to reach 14 million, representing a 35% year-on-year increase. Therefore, the increasing consumer adoption of passenger and commercial electric vehicles is driving the growth of the electric vehicle infotainment market.

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Prominent Trend - Revolutionizing Electric Vehicle Infotainment With Human-Machine Interface Technology

Major companies operating in the electric vehicle infotainment market are focused on developing new technological and advanced solutions, such as human-machine interface infotainment, to increase their profitability in the market. Human-machine interface infotainment refers to the integrated system in an electric vehicle that allows users (drivers and passengers) to interact with and control various multimedia, entertainment, and information features. For instance, in January 2021, LG Electronics Inc., a South Korea-based consumer electronics company, launched an in-vehicle infotainment (IVI) system in the Mercedes-Benz EQS EV sedan. The system features a Pillar to Pillar (P2P) display built into the MBUX (Mercedes-Benz User Experience) Hyperscreen and stretches across the entire width of the dashboard, providing a seamless and intuitive user experience. This IVI system, with its unique interior concept and revolutionary human-machine interface, is a central feature in the new luxury electric sedan, highlighting futuristic trends in electric vehicle design and pointing to an exciting vision for future mobility.

Electric Vehicle Infotainment Market Players
Major companies operating in the electric vehicle infotainment market are Ford Motor Company, General Motors, Tesla Inc., Audi AG, Panasonic Holdings Corporation, Denso Corporation, Continental AG, Hyundai Kefico, Aisin Corporation, Toshiba Corporation, Pioneer Corporation, Toyota Industries Corporation, Valeo SA, Infineon Technologies AG, Renesas Electronics, HARMAN International, Microchip Technology, Garmin Ltd., JVCKENWOOD Corporation, Clarion Technologies, ALPINE ELECTRONICS Inc., Airbiquity Inc., Hangzhou Tiecheng Information Technology

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Largest And Fastest Growing Region In The Market
Europe was the largest region in the electric vehicle infotainment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric vehicle infotainment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Electric Vehicle Infotainment Market Report Structure
3. Electric Vehicle Infotainment Market Trends And Strategies
4. Electric Vehicle Infotainment Market - Macro Economic Scenario
5. Electric Vehicle Infotainment Market Size And Growth
…..
27. Electric Vehicle Infotainment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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