Press release
Auto Infotainment Market to Exceed CAGR of 6.0% by 2024 End: PMR Analysis
Auto Infotainment Market, Auto Infotainment, Infotainment Market, Automotive Infotainment Market, Car Infotainment Market
Factors such as growth of the automotive sector along with rising consumer inclination towards an entertaining driving experience, rise in compact passenger car sales, and increasing demand for vehicle customization among youngsters are factors expected to significantly impact the growth of the global auto infotainment market.
Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/11797
The sales value of the global auto infotainment market is estimated to be valued at US$ 20.06 Bn by the end of 2016, up 5.1% Y-o-Y. In a new report titled “Auto Infotainment Market: Global Industry Analysis and Forecast, 2016 – 2024”, Persistence Market Research analyzes the factors and trends impacting the growth of the global auto infotainment market during the eight-year forecast period 2016 - 2024.
Some of the other factors fueling the global auto infotainment market growth are increased consumer spending on luxurious items, rising awareness of safety and security in automobile functioning, and an increasing penetration of smartphones and their active role in the day-to-day life of individuals. However, drivers’ distraction in handling auto infotainment systems while driving and economic crisis in certain regions leading to a subsequent fall in the sales of vehicles are factors likely to restrict growth of the global auto infotainment market during the forecast period.
Market forecast
The global auto infotainment market is segmented on the basis of System Type (Entertainment System, Connectivity System, Driver Assistance System); Vehicle Type (Passenger Cars, Light Commercial Vehicle, High Commercial Vehicle); Sales Channel (OEM, Aftermarket); and Region (North America, Latin America, APAC, Europe, and Middle East & Africa). The Connectivity System type segment is anticipated to register a value CAGR of 7.0% between 2016 and 2024. This segment is expected to account for 9.9% share of the global auto infotainment market in terms of value by the end of 2024. The Driver Assistance System is expected to account for over 23% of the total market value of the global auto infotainment market by the end of 2016 and register a value CAGR of 6.2% over the forecast period. The Passenger Cars vehicle type segment is anticipated to register a higher CAGR as compared to the Light Commercial Vehicle segment. The Aftermarket sales channel segment is estimated to account for 19.0% value share by the end of 2024.
Among regions, APAC is expected to account for the highest share of the global auto infotainment market over the forecast period, owing to increased consumer spending on auto infotainment systems in the region. The APAC market is estimated to account for a revenue share of 26.5% of the global auto infotainment market by 2016 end, registering a Y-o-Y growth of 4.8% over 2015. The North America auto infotainment market is expected to exhibit higher market attractiveness over the forecast period in comparison to other regional markets owing to the presence of a large number of automobile manufacturers in the region. The Middle East & Africa market is estimated to account for a market value share of 16.5% of the global auto infotainment market by the end of 2016.
Request to view Table of Content @ http://www.persistencemarketresearch.com/market-research/infotainment-equipment-in-automotive-market/toc
View Report Table of Contents, Figures, and Tables
Vendor highlights
The report on the global auto infotainment market profiles some of the top players operating in the global auto infotainment market. Companies featured in the report are Continental AG, DENSO Corporation, FUJITSU TEN Limited, HARMAN International, Delphi Automotive LLP, and Garmin Ltd. These players are focusing on a vertical integration of their supply chain. A common trend observed in the global auto infotainment market is that players are targeting new markets for HCVs, hybrid cars, and self-driven cars with strategic mergers and acquisitions. Companies are also focusing on diversifying their product portfolio and are moving away from single sales channels to increase market growth and profitability.
To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/11797
About Us
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web: www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Auto Infotainment Market to Exceed CAGR of 6.0% by 2024 End: PMR Analysis here
News-ID: 411339 • Views: …
More Releases from Persistence Market Research Pvt. Ltd
Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Mar …
Stroke Rehabilitation Market Size
The global stroke rehabilitation market size was valued at US$ 266.4 million in 2021 and is expected to grow at a CAGR of 9% from 2022 to 2032. Revenue generated from the sales of stroke rehabilitation solutions will surge to US$ 679.6 Million by the end of 2032.
The growth of the market is being driven by the increasing incidence of strokes, the growing demand for innovative rehabilitation…
Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthe …
Market Study on Aesthetic Lasers
The aesthetic lasers market reached US$2.8 billion in global revenue in 2021, and it will continue to expand quickly, with a value CAGR of 6.4%, to reach US$5.5 billion by the end of 2032. The growth of the market is being driven by the increasing demand for minimally invasive cosmetic procedures, rising disposable income, technological advancements, and growing medical tourism.
Stay Ahead with Market Intelligence Get Free…
Predictive Insights for Precision Medicine: The Global Biosimulation Market is S …
Biosimulation Market Research
The Global Biosimulation Market Size was valued at USD 2.9 billion in 2022 and is expected to reach USD 10.0 billion by 2030, registering a CAGR of 16.9% during the forecast period. The growth of the biosimulation market is being driven by the increasing use of biosimulation in a variety of applications, such as drug discovery, clinical trials, and toxicity prediction.
Market Overview
The biosimulation market has experienced rapid growth…
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheel …
Wheelchair and Components Market
The global wheelchair and components market is projected to reach USD 17.9 billion by 2033, at a CAGR of 3.7% from 2022-2033. The growth of the market is driven by the increasing prevalence of disabilities, the rising geriatric population, and technological advancements in wheelchair design and manufacturing.
Click Here to Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/12961
The global wheelchair and components market has witnessed significant growth in…
More Releases for Infotainment
Best News and Infotainment Online
India's digital content scene just got spicier with the official launch of TadkaBytes.in, a bold and refreshing infotainment platform that brings together breaking news, viral trends, pop culture, tech bytes, food stories, and astrology - all served with a generous dose of Indian flavor.
TadkaBytes is designed for Gen Z and millennial audiences who crave snackable, scroll-friendly content that's smart, sharp, and always on-trend. Whether it's decoding the latest AI tool,…
Emerging Trends Influencing The Growth Of The Automotive Infotainment Market:Adv …
The Automotive Infotainment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Automotive Infotainment Market Size Expected to Be by 2034?
In the past few years, the automotive infotainment market size has seen significant growth. There is an expected growth from $20.88 billion…
Auto Infotainment Market: Entertaining and Informing Drivers and Passengers with …
The global Auto infotainment market is predicted to develop at a 6.0% CAGR over the forecast period and generate US$31.96 Billion in revenue by 2024.
The report's foundational elements are introduced in Infotainment Equipment In Automotive Market under the effect of the market's dynamics and operations as well as the necessity to comprehend consumer behaviour. When estimating the future growth of infotainment equipment in the automotive market, the rise and fall…
In-Car Infotainment Market | The Future of Connected Software & Infotainment in …
In-Vehicle Infotainment Market 2020-2026: By installation type, the aftermarket type segment is expected to dominate the market, in terms of revenue. In addition, by component type, the hardware segment dominated the global in-car infotainment market in 2018. Whereas, the software segment is expected to lead during the forecast period. Region-wise, Asia-Pacific is anticipated to be the highest revenue contributor, and Europe is expected to lead in the future, followed by…
Global Bicycle Infotainment Systems Market
Research Trades recently introduced new title on “Global Bicycle Infotainment Systems Market Research Report” offers a comprehensive and detailed insight into the current and future industry developmental trends, key market dynamics, regulatory framework in different countries, market challenges, winning strategies, and detailed market segmentation & forecast of major manufacturers and vendors.
Request Sample Copy of Report @ https://www.researchtrades.com/request-sample/1677325
In 2019, the market size of Bicycle Infotainment Systems is million…
Global Automotive Infotainment Market 2016-2020
Infotainment is an amalgamation of information and entertainment. In-car entertainment has evolved over the years. Conventional vehicle entertainment systems included radio, cassettes, and CDs. However, infotainment systems came into picture owing to the advances in technology and growing demand for personalized entertainment, navigation, and in-vehicle connectivity. Infotainment systems are a combination of software and hardware devices installed in automobiles that provide audio, video, and other contents. These systems are embedded…
