The global In-Car Infotainment Market size is expected to reach USD 37,628.2 million by 2025, registering a CAGR of 12.6% from 2019 to 2025, according to a new study by Grand View Research, Inc. Smartphones happen to be the most prominently-used connectivity gateways for an infotainment system. Hence, any growth in the adoption of smartphones across the globe is anticipated to have a significant impact on the in-car infotainment system market.
The
rising demand for enhanced driving experience is predicted to drive the growth
of the in-car entertainment industry over the forecast period. The
increasing focus on driver comfort and convenience has prompted car
manufacturers to develop cutting-edge in-car infotainment products. In-car
infotainment systems offer innovative features such as real-time traffic
updates, Bluetooth connectivity, voice control, and navigation information.
These features provide the driver with comprehensive vehicle information to
enhance driving experience and safety. In addition to this, technological advancements
in automation have enabled the user to control the car remotely by leveraging
parking assistance and obtaining a 360-degree view of the vehicle.
However,
integrating these systems into automobiles involve high costs. This explains
why they are limited only to premium and luxury vehicles at present. On the
other hand, security and privacy issues associated with infotainment systems
are predicted to hinder the growth of the in-car entertainment systems
industry.
The
use of infotainment systems in commercial vehicles is mainly driven by the
widespread adoption of navigation units. The implementation of navigation and
communication units in a commercial vehicle has helped in increasing
operational efficiency and reducing the response time during emergencies. Given
that commercial vehicles have to travel for longer durations and cover longer
distances as compared to passenger cars, these systems can also help in
improving safety and driver comfort.
Related Press Release@ In-car Infotainment Market
Further key findings from the study suggest:
- Communication
unit is expected to emerge as the fastest-growing segment, registering a
CAGR of 13.7% over the forecast period. Technological proliferation has
extended connectivity to remote locations, thereby encouraging people to
use communication devices and subsequently boosting the adoption of
communication units
- The OE
fitted segment is expected to emerge as the fastest-growing segment over
the forecast period. This can be attributed to their minimal maintenance
costs as they come with a warranty
- Passenger
cars is expected to emerge as the fastest-growing segment, exhibiting a
CAGR of 12.7% from 2019 to 2025. The growing focus on driver security and
safety is stimulating the adoption of efficient navigation systems,
subsequently driving the market growth across the passenger cars segment
- The Asia
Pacific regional market is expected to contribute significantly to the
market growth, exhibiting a CAGR of 14.6% over the forecast period
- Key
participants of in-car infotainment system market include Continental
AG, Harman International, Alpine Electronics, Panasonic Corporation, Denso
Corporation, Pioneer Corporation, Visteon Corporation, Clarion
Corporation, JVC KENWOOD Corporation, and Delphi Automotive PLC, among
others.
Grand
View Research has segmented the global n-car infotainment system market on
the basis of product, installation, application, and region:
In-car Infotainment System Product Outlook (Volume,
Million Units; Revenue, USD Million, 2014 - 2025)
- Audio Unit
- Display Unit
- Head-up
Display
- Navigation
Unit
- Communication
Unit
In-car Infotainment System Installation Outlook (Volume,
Million Units; Revenue, USD Million, 2014 - 2025)
- OE Fitted
- Aftermarket
In-car Infotainment System Application Outlook (Volume,
Million Units; Revenue, USD Million, 2014 - 2025)
- Passenger
Cars
- Commercial
Vehicles
In-car Infotainment System Regional Outlook (Volume,
Million Units; Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- South
America
- Brazil
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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