Report ID: SQMIG25A2137
Report ID:
SQMIG25A2137 |
Region:
Global |
Published Date: August, 2024
Pages:
223
|
Tables:
90 |
Figures:
76
Automotive Infotainment Market Drivers
Increasing Demand for in-car Entertainment
Automotive Infotainment Market Restraints
High Cost of Advanced Infotainment Systems
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REQUEST FREE CUSTOMIZATIONGlobal Automotive Infotainment Market size was valued at around USD 7.42 billion in 2022 and is expected to rise from USD 8.14 billion in 2023 to reach a value of USD 17.7 Billion by 2031, at a CAGR of 9.7% over the forecast period (2024–2031).
The major companies offer a wide variety of goods, such as display units, communication components, navigation units, head-up displays, etc. To expand their presence in the market internationally, strategic actions are performed such as mergers and acquisitions, collaborations, and product launches. 'Harman International Industries Inc.', 'Panasonic Corporation', 'Pioneer Corporation', 'Clarion Co. Ltd.', 'Alpine Electronics Inc.', 'Delphi Technologies', 'TomTom NV', 'Garmin Ltd.', 'Mitsubishi Electric Corporation', 'JVCKENWOOD Corporation', 'Denso Corporation', 'Continental AG', 'Visteon Corporation', 'Sony Corporation', 'FCA Group', 'General Motors Company', 'BMW AG', 'Ford Motor Company', 'Hyundai Motor Company', 'Volkswagen AG.'
One of the primary drivers of the automotive infotainment market is the increasing demand for in-car entertainment systems. Consumers are looking for in-car entertainment systems that can offer them high-quality audio and video experiences, seamless connectivity, and user-friendly interfaces.
Increasing demand for connected cars: With the growing popularity of connected cars, the demand for advanced infotainment systems is also increasing. Automotive manufacturers are increasingly focusing on developing connected cars that offer seamless integration with various entertainment and communication services.
Growth in the Asia-Pacific region is forecast to increase by 11.3% throughout the projection period. The rise in demand for automotive entertainment systems is due to the region's expanding middle class. Customers favor solutions based on augmented reality technology because they are effective, which is driving the growth of in-car infotainment systems in the field.
Global Automotive Infotainment Market size was valued at around USD 7.42 billion in 2022 and is expected to rise from USD 8.14 billion in 2023 to reach a value of USD 17.7 Billion by 2031, at a CAGR of 9.7% over the forecast period (2024–2031).
The major companies offer a wide variety of goods, such as display units, communication components, navigation units, head-up displays, etc. To expand their presence in the market internationally, strategic actions are performed such as mergers and acquisitions, collaborations, and product launches. 'Harman International Industries Inc.', 'Panasonic Corporation', 'Pioneer Corporation', 'Clarion Co. Ltd.', 'Alpine Electronics Inc.', 'Delphi Technologies', 'TomTom NV', 'Garmin Ltd.', 'Mitsubishi Electric Corporation', 'JVCKENWOOD Corporation', 'Denso Corporation', 'Continental AG', 'Visteon Corporation', 'Sony Corporation', 'FCA Group', 'General Motors Company', 'BMW AG', 'Ford Motor Company', 'Hyundai Motor Company', 'Volkswagen AG.'
One of the primary drivers of the automotive infotainment market is the increasing demand for in-car entertainment systems. Consumers are looking for in-car entertainment systems that can offer them high-quality audio and video experiences, seamless connectivity, and user-friendly interfaces.
Increasing demand for connected cars: With the growing popularity of connected cars, the demand for advanced infotainment systems is also increasing. Automotive manufacturers are increasingly focusing on developing connected cars that offer seamless integration with various entertainment and communication services.
Growth in the Asia-Pacific region is forecast to increase by 11.3% throughout the projection period. The rise in demand for automotive entertainment systems is due to the region's expanding middle class. Customers favor solutions based on augmented reality technology because they are effective, which is driving the growth of in-car infotainment systems in the field.
Global Automotive Infotainment Market size was valued at around USD 7.42 billion in 2022 and is expected to rise from USD 8.14 billion in 2023 to reach a value of USD 17.7 Billion by 2031, at a CAGR of 9.7% over the forecast period (2024–2031).
The major companies offer a wide variety of goods, such as display units, communication components, navigation units, head-up displays, etc. To expand their presence in the market internationally, strategic actions are performed such as mergers and acquisitions, collaborations, and product launches. 'Harman International Industries Inc.', 'Panasonic Corporation', 'Pioneer Corporation', 'Clarion Co. Ltd.', 'Alpine Electronics Inc.', 'Delphi Technologies', 'TomTom NV', 'Garmin Ltd.', 'Mitsubishi Electric Corporation', 'JVCKENWOOD Corporation', 'Denso Corporation', 'Continental AG', 'Visteon Corporation', 'Sony Corporation', 'FCA Group', 'General Motors Company', 'BMW AG', 'Ford Motor Company', 'Hyundai Motor Company', 'Volkswagen AG.'
One of the primary drivers of the automotive infotainment market is the increasing demand for in-car entertainment systems. Consumers are looking for in-car entertainment systems that can offer them high-quality audio and video experiences, seamless connectivity, and user-friendly interfaces.
Increasing demand for connected cars: With the growing popularity of connected cars, the demand for advanced infotainment systems is also increasing. Automotive manufacturers are increasingly focusing on developing connected cars that offer seamless integration with various entertainment and communication services.
Growth in the Asia-Pacific region is forecast to increase by 11.3% throughout the projection period. The rise in demand for automotive entertainment systems is due to the region's expanding middle class. Customers favor solutions based on augmented reality technology because they are effective, which is driving the growth of in-car infotainment systems in the field.
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Report ID: SQMIG25A2137