Automotive Infotainment Market Overview
Automotive Infotainment Market is projected to be worth USD 44.73 billion by 2027, registering a CAGR of 8.51% during the forecast period (2021 – 2027), The market was valued at USD 23.47 billion in 2020.
The augmented support for open-source and standard platforms for application development are projected to motivate the Automotive Infotainment Market 2020. The telematics and infotainment reports are made by Market Research Future, which includes market options for progress. A CAGR of 5.91 % is predicted to spur the global market in the impending period.
The mass production of vehicles is estimated to be bolstered by smartphone integration with IVI systems by the conclusion of the forecast period. The provision of over-the-air (OTA) updates for embedded infotainment systems in the approaching period.
The momentous contenders in the Global Automotive Infotainment Market are Continental AG (Germany), Harman International (US), Pioneer Electronics (US), DENSO CORPORATION (Japan), Garmin Ltd (Switzerland), Alpine Electronics, Inc. (Japan), KENWOOD Corporation (Japan), Panasonic Corporation (Japan), Delphi Automotive PLC (UK) and ALLGo Embedded Systems Pvt Ltd (India).
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The segmental assessment of the Automotive Infotainment Industry has been carried out on the basis of the operating system and region. On the basis of the operating systems, the automotive infotainment market is segmented into Linux, QNX, Microsoft, and others. Based on the regions, the automotive infotainment market is segmented into North America, Europe, Asia Pacific and other global regions.
Detailed Regional Analysis
The regional assessment of the Automotive Infotainment Market Size is conducted on the basis of North America, Europe, Asia Pacific and other global regions. The automotive infotainment market in the Asia Pacific is undeniably one of the best performing regions for the automotive market through the globe. Supported by the developing economies and their upward GDP, the Asia Pacific has appeared as the fastest-growing region in the automotive infotainment market.
The North American automotive infotainment market has appeared as the major region in terms of worth followed by the regional market of APAC and Europe. The US leads the North American regional market for automotive infotainment in 2018, in terms of value, and is also anticipated to preserve its authority all through the forecasted period.
The North American region is a stable economy as far as investing in the automotive industry is concerned. On the whole, the automotive industry is expecting a large investment by numerous titans owing to the intensifying demand for passenger cars. The whole automotive industry in North America is experiencing an upheaval, and automotive infotainment is performing a decisive role in determining the market’s trajectory.
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The economic downturn is predicted to induce contenders into carrying out deliberation of their opportunities to plan for the long term expansion. The need to transform the service and the product delivery is projected to create a favourable scope for development of the market. The marketing budgets in the Automotive Infotainment Market are estimated to be restricted due to the lack of liquidity in the market, and this is foreseen to transform the overall market in the impending period. Also, the market is estimated to focus on a locally based structure to reduce operating cost in these times. The imperative conditions for growth are estimated to spur the market considerably in the impending period. The competition in the market is estimated to ramp up because of the lack of profitable opportunities in the market. The optimization of the resources in the market is predicted to create promising options for growth in the impending period. The recalibration of the supply chains is estimated to undertaken at a fast pace in this period ahead.
Table Of Content
1 Executive Summary
2.1 Definition 13
2.2 Scope Of The Study 13
2.3 Assumptions 14
2.4 Market Structure 14
3 Research Methodology
3.1 Research Process 15
3.2 Primary Research 15
3.3 Secondary Research 16
3.4 Market Size Estimation 16
3.5 Forecast Model 18
4 Market Dynamics
4.1 Introduction 19
4.2 Market Drivers 20
4.2.1 Impact Analysis: Market Drivers 20
4.2.2 Rising Demand For Infotainment Systems In Mass Production Of Vehicles 20
4.2.3 Provision For Smartphone Integration With IVI Systems 20
4.2.4 Increased Support For Open-Source And Standard Platforms For Application Development 20
4.2.5 Integration Of Infotainment With Other Systems 21
4.3 Market Challenges 21
4.3.1 Impact Analysis: Market Challenges 21
4.3.2 Different Product Lifecycles For Smartphones And Embedded Infotainment Systems 21
4.3.3 Design Complexity 22
4.3.4 Distraction For Drivers 22
4.3.5 Growing Concerns About Data Security 23
4.4 Market Trends 23
4.4.1 Impact Analysis: Market Trends 23
4.4.2 Data Analytics In Infotainment Systems 23
4.4.3 Adoption Of Media-Oriented Systems Transport (MOST) Technology To Simplify System Upgrades And Prolong The Lifecycle Of Embedded Infotainment 24
4.4.4 Over-The-Air (OTA) Updates For Embedded Infotainment Systems 24
4.4.5 Advanced Technologies Like OLED-Based Infotainment Systems 25
4.4.6 Reduced Dependence On Smartphones For Applications 25
5 Market Factor Analysis
5.1 Five Forces Analysis 26
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