In-Vehicle Infotainment Market Growth Accelerated by Enhanced Connectivity Feature Adoption

In-Vehicle Infotainment Market


The in-vehicle infotainment systems have become an essential part of modern vehicles as they provide advanced entertainment, navigation and connectivity features to drivers and passengers. These systems offer features such as built-in GPS navigation, Bluetooth connectivity, HD radio, voice control and more.

The global In-vehicle Infotainment Market is estimated to be valued at US$ 39.5 billion in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Enhanced connectivity feature adoption in infotainment systems is one of the major trends driving the market growth. With rising preference for connected vehicles, OEMs are focusing on integrating advanced connectivity features such as embedded modems for high-speed internet access, Wi-Fi hotspots and remote vehicle diagnostic services. This allows drivers to seamlessly pair their smartphones, access internet radio and use various in-vehicle applications. The improving network infrastructure is further accelerating the adoption of connectivity features. Increased digitization and demand for superior in-cabin experience will continue fueling the demand for advanced connected infotainment systems during the forecast period.

Segment Analysis
The global in-vehicle infotainment market is dominated by the connectivity segment, which accounts for over 30% share. Growing demand for connected vehicles and advanced mobility services has driven the adoption of connectivity systems such as built-in modem for wireless internet connectivity in vehicles. Connectivity allows drivers to enjoy real-time updates, Internet radio, social media integration, and advanced navigation systems while on the move.

Key Takeaways
Global In-Vehicle Infotainment Market Size is expected to witness high growth over the forecast period.

Regional analysis: North America currently holds the largest share in the global market due to high vehicle ownership and presence of automotive tech giants. Growing demand for advanced connected mobility solutions is driving the adoption of infotainment systems in the region. Asia Pacific market is expected to grow at the fastest pace during the forecast period with China and India emerging as highly lucrative countries. Increasing disposable incomes along with heavy investments by automakers in developing connected and autonomous technologies are fueling the market expansion in Asia Pacific.

Key players operating in the in-vehicle infotainment market are Harman International, Panasonic Corporation, Alpine Electronics, Pioneer Corporation, Denso Corporation, and Continental AG. Harman International leads the market with wide product portfolio including connected infotainment platforms, audio and visual solutions for both OEMs and aftermarket segments.

Comments

Post a Comment

Popular posts from this blog

Security Robot Market is Estimated To Witness High Growth Owing To Increasing Demand for Enhanced Surveillance

Image
Security Robot Market The Security Robot Market is estimated to be valued at US$ 11.8 billion in 2022 and is expected to exhibit a CAGR of 12.87% over the forecast period of 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Security Robot Market encompasses advanced robotic technologies that are specifically designed and developed to enhance security and surveillance operations. These robots are equipped with features such as video surveillance, thermal imaging, facial recognition, and intrusion detection, among others. They are extensively used by security agencies and organizations across various sectors, including residential, commercial, industrial, and government, to enhance safety, reduce human intervention, and streamline security operations. Security robots offer real-time monitoring, remote control, and high accuracy, making them an ideal choice for surveillance in sensitive areas and remote locations. Market Dynamics:
Read more

The Ever-Evolving Landscape of the Scottish Whisky Market during the Forecast Period 2019-2027

Image
  Scottish Whisky Market The Scottish Whisky Market is a captivating landscape that has been evolving and transforming over the years. It is a world of tradition, craftsmanship, and heritage, where every drop of whisky tells a story. The history of Scottish whisky traces back centuries, with the earliest records dating back to the 15th century. Whisky production initially started in monasteries, where monks distilled spirits for medicinal purposes. Over time, whisky production moved from monastic settings to farms and then to commercial distilleries. This transition marked the beginning of an industry that would become synonymous with Scotland. Scottish Whisky Market Was Valued At US$ 4.97 Bn In 2018, And It Is Expected To Reach US$ 7.89 Bn By The End Of 2027, Exhibiting A CAGR Of 5.3% During The Forecast Period (2019 To 2027). One of the defining characteristics of the Scottish Whisky Market is its adherence to traditional production methods. Scotch whisky is made from malted b
Read more

Monochloroacetic Acid (MCAA) Market Is Estimated To Witness High Growth Owing To Increasing Demand for Surfactants and Herbicides

Image
Monochloroacetic Acid (MCAA) Market The Monochloroacetic Acid (MCAA) Market is estimated to be valued at USD 676.52 Million in 2022 and is expected to exhibit a CAGR of 7.03% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Monochloroacetic Acid (MCAA) Market is driven by the increasing demand for surfactants and herbicides in several industries such as agriculture, pharmaceuticals, textiles, and personal care. MCAA is extensively used in the production of surfactants, herbicides, and carboxymethyl cellulose (CMC), which are essential in various applications. These applications include detergents, agrochemicals, pharmaceuticals, dyes, and cosmetics, among others. The versatile properties of MCAA, such as its ability to act as a raw material in the production of herbicides and surfactants, make it highly desirable in the market. Market Dynamics: The Monochloroacetic Acid (MCAA) Market is driven by two k
Read more