In-vehicle infotainment systems are multifunctional platforms integrated into vehicles, providing diverse applications and features. They offer entertainment, navigation, communication, and connectivity services. Drivers and passengers can access music, videos, smartphone integration, real-time traffic updates, voice commands, and hands-free calling. Additionally, these systems enhance safety by integrating with vehicle controls, offering rear-view cameras and driver assistance features, creating a more enjoyable and informed driving experience while ensuring convenience and safety on the road.
According to Data Bridge Market Research, the Global In-Vehicle Infotainment Market accounted for USD 20.90 billion in 2021 and is expected to reach USD 48.37 billion by 2029. The market is expected to grow with a CAGR of 11.06% in the forecast period of 2022 to 2029.
“Road safety concerns boost the market’s growth”
Road safety concerns are a significant driver for the growth of the in-vehicle infotainment market. These systems offer features such as GPS navigation, hands-free calling, and real-time traffic updates, enhancing driver awareness and reducing distractions. With an increasing focus on safe driving practices, consumers and regulators such as are encouraging the adoption of in-vehicle infotainment systems, boosting market growth. These systems not only provide entertainment but also contribute to safer and more informed driving experiences, aligning with the broader goal of road safety.
What restraints the growth of the global in-vehicle infotainment market?
“Cost of annual subscriptions for infotainment systems restraints the market’s growth”
The cost of annual subscriptions for infotainment systems presents a restraint to the market's growth. While in-vehicle infotainment systems offer a wide range of features and services, some of these, such as premium navigation or entertainment packages, come with recurring subscription fees. This additional expense can deter price-conscious consumers and impact the affordability of such systems. As a result, manufacturers and service providers need to strike a balance between offering premium features and keeping costs competitive to ensure sustained market growth.
Segmentation: Global In-Vehicle Infotainment Market
The global in-vehicle infotainment market is segmented on the basis of component, vehicle type, form factor, services, operating system, connectivity, alternate fuel vehicle, and installation.
- On the basis of component, in-vehicle infotainment market is segmented into infotainment unit, control panel, head-up display, and telematics control unit.
- On the basis of vehicle type, in-vehicle infotainment market is segmented into passenger car, LCV, and HCV.
- On the basis of form factor, in-vehicle infotainment market is segmented into embedded, tethered, and integrated.
- On the basis of services, in-vehicle infotainment market is segmented into entertainment services, navigation services, e-call services, vehicle diagnostics services, and other services.
- On the basis of operating system, in-vehicle infotainment market is segmented into linux, qnx, microsoft, and others.
- On the basis of connectivity, in-vehicle infotainment market is segmented into 3g, 4g, 5g, bluetooth, wi-fi.
- On the basis of alternate fuel vehicle, in-vehicle infotainment market is segmented into battery electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle.
- On the basis of installation, in-vehicle infotainment market is segmented into OEM, aftermarket.
Regional Insights: North America dominates the Global In-Vehicle Infotainment Market
North America dominates the in-vehicle infotainment market due to increasing demand for comfort, entertainment, and premium information, and luxury services within the region. Consumers seek enhanced driving experiences, and as technology advances, these features become more accessible and appealing, driving the adoption of in-vehicle infotainment systems in the automotive sector.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to a strong focus on upgrading its technology to remain competitive. In a rapidly evolving industry, staying at the forefront of technological advancements is crucial to meet consumer demands and maintain a competitive edge. This drive fuels innovation and growth in the market.
To know more about the study visit, https://www.databridgemarketresearch.com/ru/reports/global-in-vehicle-infotainment-market
The Prominent Key Players Operating in the Global In-Vehicle Infotainment Market Include:
- Alpine Electronics, Inc. (Japan)
- Garmin Ltd (US)
- Pioneer Corporation (Japan)
- HARMAN International (U.S.)
- Panasonic Corporation (Japan)
- Clarion (Japan)
- TomTom International BV (Netherlands)
- Mitsubishi Electric Corporation (Japan)
- Continental AG (Germany)
- Robert Bosch GmbH (Germany)
- Delphi Technologies (U.K.)
- DENSO CORPORATION. (Japan)
- Visteon Corporation (U.S.)
- JVCKENWOOD Corporation (Japan)
- Pioneer Corporation (Japan)
- AISIN SEIKI Co., Ltd. (Japan)
- Blaupunkt (Germany)
- Bose Corporation (U.S.)
- Magneti Marelli S.p.A. (Italy)
Above are the key players covered in the report, to know about more and exhaustive list of global in-vehicle infotainment market companies contact, https://www.databridgemarketresearch.com/ru/contact
Research Methodology: Global In-Vehicle Infotainment Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
