Global Automotive Infotainment System Market is expected to reach ~USD 25 Bn by 2028F: Ken Research
Global Automotive Infotainment System Market By Geography
The Global Automotive Infotainment System market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.
Asia Pacific accounted for the largest market share among all regions in 2022, owing to the presence of major automakers like Denso Corporation, Pioneer Corporation, Panasonic Corporation, JVCKENWOOD Corporation, and Mitsubishi Electric Corporation.
Customers favor augmented reality technology-based solutions due to its effectiveness, resulting in the driving market for automotive infotainment systems to expand in the region.
The high rate of adoption of automotive infotainment systems in nations like China, which manufactured the greatest number of automobiles globally, is responsible for the growth of the industry in Asia Pacific.
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Competition Scenario In Global Automotive Infotainment System Market
The Global Automotive Infotainment Systems Market is significantly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in utilizing IoT technologies to boost vehicle end-to-end connectivity.
Large global players constitute ~15% of competitors, while country niche players represent the largest number of competitors. However, most of the country-niche players are suppliers of components and assembling partners A wide range of products is offered by the companies, such as head-up displays, communication devices, navigation devices, and display units. To increase its presence in the market globally, strategic actions like mergers, acquisitions, alliances, and product launches are taken. Some of the major players in the market include Denso Corporation, Robert Bosch GmbH, Continental AG, Harman International Industries Inc., Magnetic Marelli SpA, Kenwood Corporation, Alpine Electronics Inc., Mitsubishi Electric Corporation, Visteon Corporation, Pioneer Corporation, Aptiv PLC and others.
What Is The Expected Future Outlook For The Overall Global Automotive Infotainment System Market Across The Globe?
The Global Automotive Infotainment System market was valued at USD ~billion in 2022 and is anticipated to reach USD ~25 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Global Automotive Infotainment System market is driven by rising disposable income and simple financing alternatives, which has led to a rise in demand for technologically advanced vehicles with practical entertainment systems. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
With the increasing collaboration and emergence of new products, the Global Automotive Infotainment System market is changing rapidly. For instance, In January 2022, Qualcomm Technologies, Inc. and Alps Alpine Co., Ltd. announced a collaboration to deliver the Digital Cabin, a plan for future transportation that would enrich a space of style and comfort, even behind the cockpit.
In February 2021, Harman International, an automobile infotainment provider, purchased Savari, Inc., a Silicon Valley-based automotive technology company that develops vehicle-to-everything communications (V2X) technology for 5G Edge and automotive devices.
The Global Automotive Infotainment Systems Market is anticipated to grow significantly during the projected period (2022-2028) as Automakers are interested in the development of infotainment systems for automobiles as a technology that combines information and enjoyment. Due to rising disposable income and straightforward financing options, consumers in emerging nations now have more purchasing options for passenger cars, which has increased demand for technologically advanced vehicles with useful entertainment systems. Such factors are likely to fuel the market expansion of Automotive Infotainment Systems during the anticipated period. Though the market is significantly competitive with ~200 participants, country-niche players control the dominant share and regional players also hold a significant share.
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Key Topics Covered in the Report
- Snapshot of Automotive Infotainment Systems Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Automotive Infotainment Systems Market
- Historic Growth of the Overall Automotive Infotainment Systems Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Automotive Infotainment Systems Market Industry
- Overview, Product Type Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Automotive Infotainment Systems Market
- Future Market Forecast and Growth Rates of the Total Automotive Infotainment Systems Market and by Segments
- Market Size of Segments with Historical CAGR and Future Forecasts
- Analysis of the Automotive Infotainment Systems Market in Global Regions
- Major Automotive Infotainment Systems Type/Supply and Consumption/Demand Hubs in the Region
- Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within the Region
Notable Key Players Mentioned in the Report
- Denso Corporation.
- Continental AG
- HARMAN International
- Pioneer Corporation
- Robert Bosch GmbH
- Visteon Corporation
- Panasonic Corporation
- Marelli Holdings Co., Ltd
- JVCKENWOOD Corporation
- Mitsubishi Electric Corporation
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Notable Emerging Companies Mentioned in the Report
- Xona Space Systems
- Ovo Automotive
- TUC s.r.l.
- MBition GmbH
- Ovo Automotive
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Manufacturers of Automotive infotainment systems
- Emerging and Startup Companies in Automotive infotainment systems
- Components Suppliers for Automotive Infotainment Systems
- Automotive Market research and consulting firms
- Organizations, forums, and alliances related to automotive infotainment
- Automobile Original Equipment Manufacturers (OEMs)
- Distributors, Suppliers, and Channel Partners of Automotive Electronics
- Global in-vehicle infotainment system manufacturers, suppliers, distributors and other stakeholders
- Associations, organizations, forums and alliances related to automotive infotainment systems
- Government bodies such as regulating authorities and policy makers
- Potential Entrants into Automotive Electronics
- PE and VC Firms focused on Automotive Electronics Segment
- Communications and IT Hardware Companies targeting Automotive Industry
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
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