Press release
Automotive Infotainment Market 2024 -2033: Global Outlook, Industry Share, Business Growth And Major Players
Automotive Infotainment Market
Automotive 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 $27.98 billion In 2028 At A CAGR Of 7.0% :
The automotive infotainment market size has grown strongly in recent years. It will grow from $19.95 billion in 2023 to $21.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to consumer demand for connectivity, integration of navigation systems, regulatory compliance, entertainment and comfort, rise of smartphones.
The automotive infotainment market size is expected to see strong growth in the next few years. It will grow to $27.98 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to emergence of autonomous vehicles, electric vehicle infotainment enhancement, personalization and customization, subscription-based services, real-time updates and over-the-air updates. Major trends in the forecast period include integration of advanced connectivity, ai and machine learning integration, 5g connectivity, iot integration, voice and gesture control.
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Automotive Infotainment Market Major Segments
The automotive infotainment market covered in this report is segmented -
1) By Operating System: QNX, Microsoft, Linux
2) By Form: Embedded, Tethered, Integrated
3) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
Key Driver - Connected Car Adoption Accelerates Growth In The Automotive Infotainment Market
The rise in the adoption of connected cars is expected to propel the growth of the automotive infotainment market. Consumers are increasingly opting for connected cars with better infotainment systems. Tata Motors, an automotive infotainment company, for example, crossed a significant milestone of onboarding 500,000 vehicles onto the Connected Vehicle Platform (CVP), which caters to its entire range of commercial, passenger, and electric vehicles. Therefore, there is a rise in the adoption of connected cars, and this drives the automotive infotainment industry.
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Prominent Trend - Advancement In Technology Transform Automotive Infotainment Market
Technological advancement is a key trend gaining popularity in the automotive infotainment market. Technological advancements such as Android-based in-car entertainment systems are entering the automotive infotainment market. For instance, in July 2023, Pioneer India Electronics Pvt. Ltd., an India-based provider of car equipment, launched Android-based infotainment systems for car original equipment manufacturers in India. The new infotainment systems are designed to provide car owners with a more intuitive and user-friendly experience. It is compatible with various smartphone devices and allows users to easily connect their phones to the car's dashboard and access their favorite apps, music, and navigation services. The systems also support voice commands, making it safer and more convenient for drivers to control their entertainment and communication options while on the road.
Automotive Infotainment Market Players
Major companies operating in the automotive infotainment market report are Robert Bosch GmbH, HARMAN International, Mitsubishi Electric Corporation, DENSO CORPORATION, Visteon Corporation, Kenwood Corporation, Continental AG, Pioneer Corporation, Panasonic Corporation, Alpine Electronics, Delphi Automotive PLC, ALLGo Embedded Systems Pvt. Ltd., Aptiv PLC, Clarion Co. Ltd., Aisin Seiki Co. Ltd., Garmin Ltd., Pacific Industrial Co. Ltd., Fujitsu Ten Limited, Magnetic Marelli SpA, General Motors Company, Tesla Inc., Hyundai Mobis Co. Ltd., TomTom International BV, Sony Corporation, LG Electronics Inc., Blaupunkt GmbH, Qualcomm Incorporated, NXP Semiconductors N. V., Infineon Technologies AG, JVC Kenwood Corporation, Bose Corporation
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the automotive infotainment market in 2023. The regions covered in the automotive 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. Automotive Infotainment Market Report Structure
3. Automotive Infotainment Market Trends And Strategies
4. Automotive Infotainment Market - Macro Economic Scenario
5. Automotive Infotainment Market Size And Growth
…..
27. Automotive Infotainment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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