Report Scope & Overview:
Automotive Infotainment Systems Market Size was valued at USD 8.47 billion in 2022 and is expected to reach USD 16.75 billion by 2030 and grow at a CAGR of 8.9% over the forecast period 2023-2030.
Automotive infotainment systems have grown in popularity, and are now a standard feature in luxury and connected vehicles. The world is becoming increasingly computerized, and the car sector will be no exception. Customer expectations are steadily increasing, whether it's mapping and calculating a route, a commuter's calendar, or the ability to turn on a central heating system in the home in preparation for their return. Companies that embrace this new connected environment are likely to succeed in the mobility future.
Carmakers have taken notice of the introduction of an automotive infotainment system as a technology that integrates information and entertainment. Increased consumer disposable income and easy financing alternatives in emerging countries have given people the flexibility to own passenger automobiles, resulting in a demand for technologically advanced vehicles with smart and convenient entertainment systems.
MARKET DYNAMICS:
KEY DRIVERS:
Demand for infotainment systems is increasing.
The growing demand for automobiles with DASs propels the global automotive infotainment industry forward.
Greater support for open-source and standard platforms for application development.
Increased vehicle production, & integration of infotainment with other systems.
RESTRAINTS:
Issues in comprehending bilinguals and recognizing orders whenever drivers try to do a hands-free action.
Limited integration of voice assistants with electronics.
OPPORTUNITIES:
Increasing adoption of self-service applications, voice search technology, and driver assistance systems.
Demand for AI automotive infotainment, as well as advancements in AI.
Increasing usage of vehicle infotainment systems and rapid automation in manufacturing sectors.
CHALLENGES:
Challenges due to the long product life cycle and high cost of automobile entertainment devices.
The technology's modest adoption rate.
Shortages of different tiny components.
Concerns regarding data security are growing.
IMPACT OF COVID-19:
The COVID-19 pandemic has reestablished the relevance of automation and the most desired connected technologies, such as connected cars, artificial intelligence, and infotainment systems. While pandemic-related logistics issues encouraged manufacturers to seek new automation technologies to offset higher wages and increase efficiency, many people turned to DIY projects to keep themselves occupied and improve their car comforts.
As a result, the worldwide car infotainment business gained traction, with continuous increases in automation spending. The epidemic of COVID-19 has sparked a lot of interest in voice controls. Many creative product debuts occurred in 2020, and this trend is expected to continue.
KEY PLAYERS:
Continental AG (Germany), Harman International (US), Panasonic Corporation (Japan), Pioneer Electronics (US), Aisin Corporation, DENSO Corporation (Japan), Pioneer Corporation, KENWOOD Corporation (Japan), Garmin Ltd. (Switzerland), Alpine Electronics, Inc. (Japan), ALLGo Embedded Systems Pvt. Ltd. (India) and Delphi Automotive PLC (UK) are some of the affluent competitors with significant market share in automotive infotainment.
MARKET ESTIMATION:
Market, By Installation Type:
The global market is divided into In-dash and Rear-seat based on the Installation segment. Because of the increased use of new technologically advanced vehicles, the dash-in is predicted to grow significantly in this industry. For premium vehicles, the rear seat provides a comfortable and enjoyable ride. These reasons are fueling market expansion.
Market, By Vehicle Type:
According to the vehicle type segment, the global market is divided into passenger vehicles, light commercial vehicles, electric vehicles, and heavy commercial vehicles. In 2021, the passenger car sector will account for more than 80.0 percent of the total market volume. The rising acceptance of luxury cars by consumers, particularly in emerging countries, is credited with a bigger percentage of the passenger care category.
Market, by Market type:
Based on the market type segment, the global market has been divided into OEM and Aftermarket. For the projected period, the aftermarket category is expected to develop at a significant rate of 6.3 percent. With the growth of technology, the previous system has evolved into a new infotainment system that allows customers to choose an infotainment system that meets their needs at a cheap price.
MARKET SEGMENTATION:
By Installation Type:
In-dash
Rear-seat
By Vehicle Type:
Passenger vehicles,
Light Commercial vehicles
Electric Vehicles
Heavy Commercial vehicles
By Market Type:
OEM
Aftermarket
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REGIONAL ANALYSIS:
During the evaluation period, North America will continue to lead the worldwide car infotainment market. North America is a developed economy with significant investments in the automobile sector, which is undergoing a huge shift.
Europe is quickly establishing itself as a promising market that is likely to grow considerably during the projection period. The growing vehicle infotainment business in Europe is aided by Europe's thriving automotive sector. In addition, the growing demand for premium or luxury vehicles has aided the expansion of the European automotive infotainment sector.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 8.47 Billion |
| Market Size by 2030 | US$ 16.75 Billion |
| CAGR | CAGR of 8.9% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Installation Type (In-dash, Rear-seat) • by Vehicle Type (Passenger vehicles, Light, Commercial vehicles, Electric Vehicles, Heavy Commercial vehicles) • by Market Type (OEM, Aftermarket) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Continental AG (Germany), Harman International (US), Panasonic Corporation (Japan), Pioneer Electronics (US), Aisin Corporation, DENSO Corporation (Japan), Pioneer Corporation, KENWOOD Corporation (Japan), Garmin Ltd. (Switzerland), Alpine Electronics, Inc. (Japan), ALLGo Embedded Systems Pvt. Ltd. (India) and Delphi Automotive PLC (UK) |
| Key Drivers | • Growing worldwide automobile production and sales. • Automobile adoption of ADAS features. |
| RESTRAINTS | •Issues in comprehending bilinguals and recognizing orders whenever drivers try to do a hands-free action. •Limited integration of voice assistants with electronics. |
Ans:- The market size is expected to reach USD 14.13 billion by 2028.
Ans:- Installation type, Vehicle type, and market type are the different segments of the market.
Ans:- Technology improvements, such as the increasing use of connected vehicles and internet-linked vehicle integration, are expected to enhance the market in the near future.
Ans:- Yes.
Ans:- North American region is anticipated to be the primary driver of the market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Infotainment Systems Market Segmentation, by Installation type
8.1 In-dash
8.2 Rear-seat
9. Global Automotive Infotainment Systems Market Segmentation, by Vehicle type
9.1 Passenger vehicles,
9.2 Light Commercial vehicles
9.3 Heavy Commercial vehicles
9.4 Electric vehicles
10. Global Automotive Infotainment Systems Market Segmentation, by Market type
10.1 OEM
10.2 Aftermarket
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Panasonic Corporation (Japan),
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Continental AG (Germany)
12.3 Harman International (US)
12.4 Pioneer Electronics (US)
12.5 Aisin Corporation
12.6 DENSO Corporation (Japan)
12.7 Pioneer Corporation
12.8 KENWOOD Corporation (Japan)
12.9 Garmin Ltd. (Switzerland)
12.10 Alpine Electronics, Inc. (Japan)
12.11 Delphi Automotive PLC (UK)
12.12 ALLGo Embedded Systems Pvt.
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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