openPR Logo
Press release

Infotainment Equipment In Automotive Market grow at a CAGR of 4.6% Between 2016 and 2024

Infotainment Equipment In Automotive Market grow at a CAGR

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.

Market dynamics

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. 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.

Report overview @ https://www.persistencemarketresearch.com/market-research/infotainment-equipment-in-automotive-market.asp

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.

Request Sample Report@ https://www.persistencemarketresearch.com/samples/11797

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.

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.

Get Full Report now @ https://www.persistencemarketresearch.com/checkout/11797

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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
Web: http://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 Infotainment Equipment In Automotive Market grow at a CAGR of 4.6% Between 2016 and 2024 here

News-ID: 881797 • Views:

More Releases from Persistence Market Research

Frozen Pastries Market to Reach $3.8 Bn by 2032 Driven by Convenience and Ready-to-Eat Demand
Frozen Pastries Market to Reach $3.8 Bn by 2032 Driven by Convenience and Ready- …
The global frozen pastries market is set for consistent expansion over the next decade, driven by the growing demand for convenient, ready-to-bake bakery products and evolving consumer lifestyles. According to market projections, the global frozen pastries market size is likely to be valued at US$ 2.6 billion in 2025 and is estimated to reach US$ 3.8 billion by 2032, growing at a CAGR of 5.7% during the forecast period from
Cookies Market to Reach US$ 54.4 Bn by 2032 Driven by Rising Demand for Premium Snacks
Cookies Market to Reach US$ 54.4 Bn by 2032 Driven by Rising Demand for Premium …
The global cookies market is witnessing steady growth, with its valuation expected to reach US$ 38.3 billion in 2025. According to projections, the market is set to rise significantly and reach approximately US$ 54.4 billion by 2032, expanding at a compound annual growth rate (CAGR) of 5.1% between 2025 and 2032. This growth trajectory is fueled by evolving consumer lifestyles, increasing demand for convenient and on-the-go snacks, and the rising
Flaxseeds Market Growth Driven by Health Trends | Valued at US$ 1,284.7 Mn in 2025
Flaxseeds Market Growth Driven by Health Trends | Valued at US$ 1,284.7 Mn in 20 …
The global flaxseeds market is witnessing substantial expansion, driven by the growing consumer awareness of health benefits associated with flaxseed consumption and its increasing use across diverse industries such as food and beverages, pharmaceuticals, and cosmetics. According to recent industry analysis, the global flaxseeds market size is likely to be valued at US$ 1,284.7 million in 2025, and is projected to reach US$ 2,145.3 million by 2032, expanding at a
Sterols Market Growth: Valued at $1,268.6 Mn in 2025 to Reach $2,261.7 Mn by 2032 Driven by Rising Health Awareness
Sterols Market Growth: Valued at $1,268.6 Mn in 2025 to Reach $2,261.7 Mn by 203 …
The global sterols market is on a trajectory of robust expansion, anticipated to reach a valuation of US$1,268.6 million in 2025 and further grow to US$2,261.7 million by 2032, registering a healthy CAGR of 8.6% during the forecast period (2025-2032). Sterols, a group of naturally occurring compounds found in plants and animals, are gaining increasing attention across multiple industries due to their functional and health-promoting benefits. The growing global demand

All 5 Releases


More Releases for CAGR

[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends. Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064 According to the report published by Allied Market Research,
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032. This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion. These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States. Despite challenges such as training for new