Press release
In-Car Infotainment Market Outlook 2024: Enhancing Automotive Experience with Advanced Technology
In-Car Infotainment Market Outlook
The new report published by The Business Research Company, titled In-Car Infotainment Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the in-car infotainment market size has grown strongly in recent years. It will grow from $19.70 billion in 2023 to $21.49 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The in-car infotainment market size is expected to see strong growth in the next few years. It will grow to $30.65 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.
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What Is Driving The Growth Of The Global In-Car Infotainment Market?
The Rise Of Autonomous And Electric Vehicles Driving Growth In The In-Car Entertainment Market
The rise in demand for electric vehicles is expected to propel the growth of in-car entertainment markets going forward. Electric vehicles (EVs) are automobiles that use electric motors powered by batteries instead of internal combustion engines fueled by gasoline or diesel. The demand for electric vehicles (EVs) is driven by several factors, including advancements in artificial intelligence that enhance autonomous driving capabilities and increasing awareness of climate change. In-car infotainment enhances electric vehicles by integrating advanced connectivity and user interface technologies crucial for autonomous driving systems and improving the user experience in electric vehicles. For instance, in September 2022, according to the International Energy Agency, a France-based autonomous intergovernmental organization, sales of electric vehicles nearly doubled to 6.6 million in 2021 from 3 million in 2020, representing almost 9% of total sales, and increased by 4.1 percentage points in 2021. Therefore, the rise in demand for electric vehicles is driving the growth of the in-car entertainment market.
What Is The Key Trend In The Global In-Car Infotainment Market?
Snapp Automotive Launches SnappOS An Innovative Android Automotive Infotainment System
Major companies operating in the in-car infotainment market are focused on developing innovative technologies, such as the Android automotive infotainment system, to enhance the user experience and integrate advanced features into their automotive offerings. The Android automotive infotainment system is an operating system that integrates vehicle infotainment systems. For instance, in November 2023, Snapp Automotive, a Germany-based manufacturer of infotainment systems, introduced SnappOS, an automotive infotainment system built on the Android automotive OS (operating system). This new system integrates seamlessly with Google's Android platform, offering drivers access to various apps directly through the infotainment screen. It includes advanced voice recognition capabilities, enabling hands-free control of navigation, music, and communication functions. The system supports real-time updates and personalized recommendations based on user preferences and driving habits, ensuring a tailored experience.
How Is The Global In-Car Infotainment Market Segmented?
The in-car infotainment market covered in this report is segmented -
1) By Product: Display Unit, Head-Up Display, Navigation Unit, Communication Unit
2) By Component: Hardware, Software
3) By Installation: Original Equipment Fitted, Aftermarket
4) By Application: Passenger Cars, Commercial Vehicles
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How Is The Competitive Landscape Of The Global In-Car Infotainment Market?
Major companies operating in the in-car infotainment market are Mitsubishi Electric Corporation, Sony Corporation, Intel Corporation, Panasonic Corporation, Continental AG, Denso Corporation, Qualcomm Technologies, Inc., Hyundai Mobis, Pioneer Corporation, Texas Instruments Incorporated, Faurecia SA, DXC Technology Company, Harman International, Garmin Ltd., Visteon Corporation, Fujitsu Ten Ltd., LG Electronics Inc., TomTom International BV, Alpine Electronics Inc., Valeo, JVCKenwood Corporation, Robert Bosch GmbH, Clarion Corporation, Huawei Technologies Co. Ltd., Blaupunkt GmbH
Contents Of The Global In-Car Infotainment Market
1. Executive Summary
2. In-Car Infotainment Market Report Structure
3. In-Car Infotainment Market Trends And Strategies
4. In-Car Infotainment Market - Macro Economic Scenario
5. In-Car Infotainment Market Size And Growth
…..
27. In-Car Infotainment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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