Press release
A Deep Dive into Electric Vehicle Infotainment Market Share 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Electric Vehicle Infotainment Market Share
The escalating use of both passenger and commercial electric vehicles by consumers is anticipated to drive the expansion of the electric vehicle infotainment Market Share. Passenger and commercial electric vehicles are an assortment of electrically powered cars intended for personal travel or business usage. The adoption of these vehicles continues to rise due to the ongoing growth of charging infrastructure, declining battery expenses, and a trend towards sustainable transportation modes. The infotainment systems in electric vehicles improve passenger convenience and driver productivity, providing crucial features like entertainment, connectivity, and navigation for an enhanced user experience. For example, data from the Internal Energy Agency, an independent intergovernmental organization based in France, indicates that over 2.3 million electric cars were purchased in the first quarter of 2023. This represents a 25% increase compared to the same quarter the previous year. By the close of 2023, electric vehicle sales are estimated to hit 14 million, a 35% year-on-year increase. Consequently, the growing consumer uptake of passenger and commercial electric vehicles is fuelling the electric vehicle infotainment Market Share's development.
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What is the future CAGR of the electric vehicle infotainment Market Share, and how will it impact industry expansion?
The Market Share size of electric vehicle infotainment has observed significant expansion lately. The projections suggest an escalation from $2.22 billion in 2024 to a sizable $3.02 billion in 2025, exhibiting a compound annual growth rate (CAGR) of an astounding 36.3%. Factors like enhanced screen size, growing reliance on wireless connectivity, city expansion, and stricter safety regulations are identified as key contributors to this remarkable growth in the historical period.
Anticipated to witness a substantial surge in the coming years, the electric vehicle infotainment Market Share is projected to expand to a staggering $9.01 billion by 2029, amplifying at a compound annual growth rate (CAGR) of 31.4%. The protracted growth in this timeframe can be credited to factors such as content streaming, head-up displays, augmented reality, ecosystem expansion, in-car health and wellness, and autonomous driving. The prediction period is also likely to see major trends such as the integration of charging infrastructure, the establishment of battery swapping stations, the implementation of smart charging solutions, wireless charging technology, and the introduction of ultra-fast charging stations.
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What trends are poised to drive the future success of the electric vehicle infotainment Market Share?
Electric vehicle infotainment Market Share's key players are embracing strategic collaborations to fuel technological advancements, broaden service provisions, and boost system integration with features specific to EVs. The focal point will be the design of in-vehicle infotainment systems, software and electrical/electronics (SW&EE) engineering, user experience (UX), and digitally driven services powered by the cloud. For instance, Infosys Ltd, an entity originating in India, initiated a partnership with Sweden's Polestar Inc. in September 2024. This collaboration will aid in EV software development and authentication across several domains, including infotainment systems, advanced driver assistance systems (ADAS) and telemetry. The center will help Polestar with product management and customer interaction strategies, quickening customer-centric digital services through cloud-based progress and data engineering. Polestar will make use of avant-garde resources at Infosys, such as their engineering labs, design studios, and Infosys Living Labs to encourage innovation.
Which key Market Share segments comprise the electric vehicle infotainment Market Share and drive its revenue growth?
The electric vehicle infotainment Market Share 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
Subsegments:
1) By Multimedia: Audio System, Video System, Voice Recognition System, Streaming Services (Music, Video Streaming), Heads-Up Display, Windshield Display, Augmented Reality Heads-Up Display, Instrument Cluster Integration, Navigation Unit, GPS-Based Navigation, Real-Time Traffic Updates, Route Planning And Optimization, Offline Navigation
2) By Communication Unit: Bluetooth Connectivity, Cellular Connectivity (4G Or 5G), Wi-Fi Connectivity, Vehicle-To-Everything (V2X) Communication, Emergency Call System (eCall)
3) By Rear Seat Entertainment: Rear Seat Screens, Interactive Touch Panels, Gaming Consoles, Streaming Devices, DVD Or Blu-Ray Player Integration
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What regions are at the forefront of electric vehicle infotainment Market Share expansion?
Europe was the largest region in the electric vehicle infotainment Market Share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric vehicle infotainment Market Share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the electric vehicle infotainment Market Share?
Major companies operating in the electric vehicle infotainment Market Share 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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What Is Covered In The Electric Vehicle Infotainment Global Market Share Report?
• Market Share Size Forecast: Examine the electric vehicle infotainment Market Share size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the electric vehicle infotainment Market Share for a structured understanding.
• Key Players Overview: Analyze major players in the electric vehicle infotainment Market Share, including their Market Share value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the electric vehicle infotainment Market Share.
• Segment Contributions: Evaluate how different segments drive overall growth in the electric vehicle infotainment Market Share.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the electric vehicle infotainment Market Share.
• Industry Challenges: Identify potential risks and obstacles affecting the electric vehicle infotainment Market Share.
• Competitive Landscape: Review strategic developments in the electric vehicle infotainment Market Share, including expansions, agreements, and new product launches.
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