In-Vehicle Infotainment Market 2024-2033 : Industry Analysis, Size, Share, Growth And Forecast | Samsung Electronics Co. Ltd, Panasonic Corporation, Mitsubishi Electric Corporation

"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.

In-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 $37.02 billion In 2028 At A CAGR Of 11.2% :

The in-vehicle infotainment market size has grown rapidly in recent years. It will grow from $21.72 billion in 2023 to $24.22 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to increasing sales of high-end luxury cars, emerging markets growth, rising demand for passenger cars and high adoption of connected cars..

The in-vehicle infotainment market size is expected to see rapid growth in the next few years. It will grow to $37.02 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to government support for automotive sector, increasing demand for autonomous and electric vehicles and growing urbanization. Major trends in the forecast period include technological advancements in automotive infotainment systems, implementation of over-the-air updates for infotainment systems, strategic partnerships and collaborations among market players to improve product portfolio, integration of android operating system in infotainment units, product innovations in automotive connectivity, integration of artificial intelligence (ai) technology in infotainment systems and personalized in-vehicle infotainment systems..

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

1) By Component: Software, Hardware, Services
2) By Services: Entertainment Services, Navigation Services, Communication Services, Vehicle Diagnostics Services, Other Services
3) By Vehicle Type: Passenger Car, Commercial Vehicles
4) By Fitting: OE (Original Equipment) Fitted, Aftermarket

Key Driver - High-End Luxury Car Sales Boost In-Vehicle Infotainment Market

The increasing sales of high-end luxury cars are expected to propel the in-vehicle infotainment market growth going forward. Luxury cars refer to cars that are manufactured by luxury automakers with high-end performance capabilities, lavish interiors, and safety and technology features that are not available in lower-priced cars. Luxury cars are equipped with the latest and advanced infotainment systems to provide advanced vehicle safety and security. Thus, an increase in the sale of luxury cars will help in the growth of the market. For instance, in 2021, according to BMW Group, a Germany-based manufacturer of performance luxury vehicles and motorcycles, in 2021, the global sales of luxury vehicles of BMW, MINI, and Rolls-Royce brands increased by 8.4% with 2,521,525 delivered to customers globally in 2021. Further, the BMW brand cars reported an all-time global sales high of 2,213,795 units in 2021. Therefore, the increase in the sales of high-end luxury cars is driving the growth of the in-vehicle infotainment market.

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Prominent Trend - In-Vehicle Infotainment Market Rides The Wave Of Technological Advancements

Technological advancements are a key trend gaining popularity in the in-vehicle infotainment market. Major companies operating in the in-vehicle infotainment market are focused on developing new technological solutions to strengthen their position. For instance, in August 2022, Mitsubishi Electric Corporation, a Japan-based manufacturer of electronics and electrical equipment, launched the new futuristic infotainment system 'Inca Jay Digital Cockpit'. The unique features of the new cockpit include a real-time voice translator, image processing, and advanced driver assistance systems (ADAS). The system can monitor the driver's face with near-infrared and driver-facing cameras to detect any issues with the drivers. The system has an evolved ADAS that will help in emergencies and safety terms.

In-Vehicle Infotainment Market Players
Major companies operating in the in-vehicle infotainment market report are Samsung Electronics Co. Ltd, Panasonic Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH, Alps Electric Co, Ltd.,MED-EL Medical Electronics, Livanova PLC, Biotronik Se & Co., Kg, MicroPort Scientific Corporation, Envoy Medical Corporation, Pregna International, Johari Digital Healthcare Limited, Renalyx Health Systems, Medprime Technologies, Comofi Medtech, Dynamed Equipments, Aurolab, Unicorn Denmart Limited, Lepu Medical Technology Company, Calon Cardio, Better Medical Technology, Beijing Aeonmed Co., Ltd, BONSS MEDICAL, Koninklijke Philips N.V., Berlin Heals Holding AG, CorWave SA, Philips Healthcare, Draegerwerk AG, Getinge Group, Ceryx Medical, MEDICO s.r.l., Medical-Łomża Sp. z o.o., Panop CZ, Medplant LLC, P.H.U. Medical, ProVeterináře, Johnson & Johnson, Baxter, Stryker, Axio Biosolutions, Cirtec Medical, Masimo, Teleflex Inc, NAGL MedTech, B Braun Argentina, Braile Biomedica Ltd, Megadyne Argentina, Embramed Industria e Comercio de Produtos Hospitalares Ltd, Arabian Medical Enterprises LLC, Zahrawi Group, Al Burak Medical Services, Lodox Systems, Glenmed Healthcare Solutions (PTY) Ltd, Lepeke Medical Group, LTE Medical Solutions

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Largest And Fastest Growing Region In The Market
North America was the largest region in the in-vehicle infotainment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in-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. In-Vehicle Infotainment Market Report Structure
3. In-Vehicle Infotainment Market Trends And Strategies
4. In-Vehicle Infotainment Market - Macro Economic Scenario
5. In-Vehicle Infotainment Market Size And Growth
…..
27. In-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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