According to a recent analysis by Emergen Research, the worldwide in-vehicle infotainment market is anticipated to reach USD 52.76 billion by 2027. Numerous in-vehicle infotainment systems with cutting-edge features have been developed as a result of the increased focus on driver comfort and convenience. Such features give the driver thorough understanding about the car, which enhances safety and the driving experience. Since smartphones are the most significant networking gateways used by an infotainment system, they will have a big impact on the market for in-vehicle entertainment.
It is also expected that the market for enhanced driving experience will drive the In-Vehicle Infotainment systems sector over the forecast era. These devices, however, entail high installation costs and are primarily incorporated into premium and luxury vehicles. Inadequate security and privacy infotainment are expected to obstruct the development of the demand for In-Vehicle Infotainment systems.
One of the most recent trends in the in-vehicle infotainment sector is the integration of smartphones. Because both functions are handled by the smartphone, infotainment systems cannot install apps or establish built-in connectivity, which saves money. Users may access all smartphone capabilities on the infotainment display thanks to OEMs who offer infotainment services in their vehicles with integrated Apple CarPlay or Android Auto.
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COVID-19 Impact on Market
The COVID-19 epidemic has had a significant impact on the automotive industry’s whole supply chain. The logistical and production halt had an impact on raw material suppliers. Since major automakers including Fiat, Volkswagen, PSA Group, General Motors, and BMW were forced to halt production, the pandemic had an impact on the industry’s total growth in 2020 and the first few months of 2021. Since the development of this market is directly related to the production of vehicles, this scenario had an impact on the market for in-vehicle entertainment systems, particularly in European and North American countries.
In-vehicle infotainment Market : Competitive Landscape
The prominent players operating in the In-vehicle infotainment Market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the In-vehicle infotainment Market .
Some of the prominent players operating in the market are:
AG, Panasonic Corporation,
Harman International,
Alpine Electronics,
Pioneer Corporation,
Denso Corporation,
Visteon Corporation,
Delphi Automotive PLC,
Clarion Co., Ltd.,
and JVC KENWOOD Corporation
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The In-vehicle infotainment Market report takes a closer view of the global In-vehicle infotainment Market share, estimated growth rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines In-vehicle infotainment Market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the In-vehicle infotainment Market .
Some Key Highlights From the Report :
The head-up display segment is projected to be the fastest-growing segment with a steady CAGR predicted over the forecast period. The head-up system is equipped with the latest augmented reality technology. It uses a combination of sensors, cameras, GPS, and Wi-Fi to provide information while driving, which creates a demand for the market.
Direct competition between OE fitted and aftermarket goods is anticipated to drive the In-Vehicle Infotainment industry because the former is based on quality, while the second is largely price-driven. In developing countries, demand for OE products is therefore expected to be high.
Due to the rising trend in the low costs of passenger cars, the passenger car segment is expected to rise at the highest CAGR over the forecast period. These cars are embedded with the latest advanced technologies that are expected to drive the in-vehicle infotainment system.
The Asia Pacific held the largest share in the in-vehicle infotainment market. The rise in disposable income and growing demand for a high-end and luxurious lifestyle in fostering the market demand in the region.
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Emergen Research has segmented the global In-Vehicle Infotainment Market on the basis of product, fitting, application, and region:
In-vehicle infotainment Market Product Outlook (Revenue, USD Billion; 2017-2027)
Audio Unit
Display Unit
Head-Up Display
Navigation Unit
Communication Unit
In-vehicle infotainment Market Fitting Outlook (Revenue, USD Billion; 2017-2027)
OE fitted
Aftermarket
In-vehicle infotainment Market Application Outlook (Revenue, USD Billion; 2017-2027)
Passenger Cars
Commercial Vehicles
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Regional Developments :
The In-vehicle infotainment Market research report comprises observations and early study on potential competitors, as well as a thorough analysis of providers of competition. The report also includes an evaluation of the regional business environment, a Porter’s Five Forces analysis, market dynamics and drivers, opportunities and challenges, risk and entry barriers, producers, and distribution networks. This study’s main objective is to examine how various industrial factors may affect the market in the future.
Regional Bifurcation of the In-vehicle infotainment Market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key questions answered in the report:
What will be the development pace of In-vehicle infotainment Market ?
What are the key factors driving the Global In-vehicle infotainment Market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of In-vehicle infotainment Market ?
Who are the distributors, traders, and dealers of In-vehicle infotainment Market ?
What are the In-vehicle infotainment Market opportunities and threats faced by the vendors in the Global Infrared detector industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
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