Global Automotive Infotainment Systems Market - Growth, Trends, and Forecast (2022 - 2030)
SKU ID : INH-13102540 | Publishing Date : 26-Apr-2018 | No. of pages : 92
The Digital-enabled Market
The infotainment systems in cars now feature entertainment, connectivity, as well as Global Positioning Service (GPS), which have made them a vital piece of hardware for cars. The prices of the latest systems have also come down in recent times with the increase in demand, which has made them more affordable and cheap and hence, increased their penetration in the market. The technology is rapidly changing, which ensures that the growth rate, even in the saturated markets, will be healthy.
As per the researchers at , the availability of low-cost data plans for high-speed connectivity such as 4G services has revolutionized the infotainment industry. This high-speed connectivity is providing systems with the capability to remain connected through real-time data transfer and streaming. Consequently, smartphone integration with car dashboards allows automotive OEMs to provide robust navigation support in cars in a cost-effective way.
There has been an increased usage of infotainment services, such as live music and cloud services, in the last few years because of the rapid development of the smartphone and IT industry. Earlier, the infotainment systems were used to play the media available on the local device. However, the need for internet connectivity and connected cars technology have led to increased demand for connected infotainment systems. The infotainment technology has stepped further by introducing smart infotainment systems that use data analytics based on inputs such as interactive voice recognition, among others.
The Emerging Market
The highest rate of growth in the forecast period is expected to be seen in the Asian region, as a higher number of vehicles are likely to feature these systems with decreasing cost. The share of aftermarket suppliers in the market is expected to reduce gradually, as a higher number of systems are predicted to come factory-fitted with the cars. Car companies are building business relationships with infotainment equipment companies to provide them with the systems. The sales and share of sole audio and navigation units are projected to come down and comprehensive infotainment systems are anticipated to register the strongest sales. Post-2021, Africa is expected to overtake the Asia-Pacific region and grow the fastest because of the rising sales of passenger cars in the market.
Key Development and News
• March 2018: Harman speeds up expansion after becoming a Samsung subsidiary. "Our devotion to deliver a future which seamlessly connects consumers and enterprises across automotive, the home, mobile and office is unstoppable. The past year has seen considerable progress and innovation across all markets, and the coming years promise even more cutting-edge developments," Harman International said on its website.
• December 2017: Maruti Suzuki adds Android Auto to SmartPlay Infotainment System with its already popular Apple SmartPlay.
Automotive Infotainment Companies
Major Players: ALPINE, BOSE, CONTINENTAL AG, DELPHI AUTOMOTIVE, HARMAN INTERNATIONAL, KENWOOD, amongst others
Reasons to Purchase this Report
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Detailed analysis on the product type that is expected to dominate the market
• Detailed analysis on the regions that are expected to witness fastest growth during the forecast period
• Identifying the latest developments, market shares, and strategies employed by the major market players.
• 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your need.
Frequently Asked Questions
- By product type
- By End User/Applications
- By Technology
- By Region