Press release
Global In-vehicle Infotainment Market Size to Reach USD 7.34 Bn by 2030 | Harman International Industries Inc. Leads Growth
The in-vehicle infotainment market is experiencing significant growth, driven by the increasing demand for advanced connectivity solutions in automobiles. Valued at USD 3.55 billion in 2023, the market is expected to witness a robust CAGR of 10.9% from 2024 to 2030, reaching a total revenue of USD 7.34 billion. This growth can be attributed to the rising consumer preference for in-car entertainment, navigation, and communication systems, as well as the integration of smart technologies like AI and IoT in vehicles. As automakers continue to prioritize the development of innovative infotainment solutions, including voice-activated controls, touchscreens, and connectivity features, the market is poised for further expansion in the coming years.Global In-vehicle Infotainment Market Report Scope and Research Methodology:
The global in-vehicle infotainment market report provides a comprehensive analysis of the industry, including market trends, drivers, challenges, and opportunities. It offers insights into the current market scenario and future outlook, highlighting key factors influencing the market growth. The report covers a detailed research methodology, including primary and secondary research, data collection, and analysis techniques. It also includes a thorough examination of the competitive landscape, profiling major players and their strategies to maintain a competitive edge. Additionally, the report provides valuable information for stakeholders and decision-makers to formulate effective business strategies and make informed decisions.
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What are Global In-vehicle Infotainment Market Dynamics:
The global in-vehicle infotainment market is driven by several key dynamics. One of the primary factors contributing to market growth is the increasing demand for connected cars and smart technologies. Consumers are increasingly seeking vehicles equipped with advanced infotainment systems that offer features such as navigation, entertainment, and connectivity to smartphones and other devices. The integration of artificial intelligence (AI) and Internet of Things (IoT) technologies in in-vehicle infotainment systems is also driving market growth, as automakers strive to enhance the user experience and offer personalized services. Additionally, the growing popularity of electric vehicles (EVs) and autonomous vehicles is expected to further fuel market growth, as these vehicles require sophisticated infotainment systems to support their advanced functionalities.
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Global In-vehicle Infotainment Market Regional Insights:
The Asia Pacific region dominated the global in-vehicle infotainment market with a 45% share in 2023 and is expected to continue leading with significant growth through the forecast period. Countries such as China, India, Japan, South Korea, and the rest of Asia Pacific are key contributors to this growth. The region's expanding GDP, infrastructure investments, rising per capita income, and growing preference for comfort and leisure are driving the demand for advanced infotainment services. Additionally, government incentives for foreign direct investments (FDIs) are further boosting the market. The tech-savvy populations in these countries are increasingly seeking a better, more connected driving experience, creating additional opportunities for advanced infotainment services in the region.
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What is Global In-vehicle Infotainment Market Segmentation:
The global in-vehicle infotainment market is segmented based on product type, vehicle type, connectivity type, component, form factor, and operating system. In terms of product type, the market includes audio units, display units, heads-up displays, navigation units, and communication units. Vehicle type segmentation comprises passenger cars and commercial vehicles. Connectivity types include 3G, 4G, and 5G. Component segmentation includes infotainment units, control panels, head-up displays, and telematics control units. The market is also segmented by form factor into embedded, tethered, and integrated systems, while operating systems include Linux, QNX, Microsoft, and others. This comprehensive segmentation allows for a detailed analysis of the market, catering to the diverse needs and preferences of consumers and providing insights for manufacturers and stakeholders to develop targeted strategies and offerings.
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Who are Global In-vehicle Infotainment Market Key Players:
1. Harman International Industries Inc.(US)
2. Visteon Corporation(US)
3. Garmin Ltd.(US)
4. Aptiv PLC(US)
5. Continental AG (Germany)
6. Robert Bosch GmbH (Germany)
7. Clarion Co., Ltd.(Japan)
8.. Alpine Electronics Inc.(Japan)
9. Pioneer Corporation(Japan)
10. Panasonic Corporation(Japan)
11. Mitsubishi Electric Corporation(Japan)
12. Kenwood Corporation(Japan)
13. FUJITSU TEN Limited(Japan)
14. Denso Corporation (Japan)
15. Delphi Automotive LLP(Ireland)
16. MMI Navigation(UK)
17. Samsung Electronics (South Korea)
18. Magnetic Marelli SpA (Italy)
Table of Contents: Global In-vehicle Infotainment Market
Chapter 1: Overview of Global In-vehicle Infotainment Market
Chapter 2: Global Market Status and Forecast by Regions
Chapter 3: Global Market Status and Forecast by Types
Chapter 4: Global Market Status and Forecast by Downstream Industry
Chapter 5: Market Driving Factor Analysis
Chapter 6: Market Competition Status by Major Manufacturers
Chapter 7: Major Manufacturers Introduction and Market Data
Chapter 8: Upstream and Downstream Market Analysis
Chapter 9: Cost and Gross Margin Analysis
Chapter 10: Marketing Status Analysis
Chapter 11: Market Report Conclusion
Chapter 12: Research Methodology and Reference
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