In-vehicle Infotainment Market Overview:
The In-vehicle Infotainment Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the In-vehicle Infotainment Market, as well as the causes for variances in the industry’s growth in different regions.
The In-vehicle Infotainment Market size was valued at USD 2.9 Bn. in 2021 and the total revenue is expected to grow at 10.9% of CAGR through 2022 to 2029, reaching USD 6.64 Bn.
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Market Scope:
Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Segmentation:
Based on the vehicle type, based on segment passenger vehicles held the largest market share in 2021. The number of passenger cars is rapidly rising in North America and the developing economies of Asia Pacific. This is explained by an increase in utility vehicle demand in densely populated nations like China, India, and Japan.
The passenger vehicle segment is being driven by strong demand for crossovers, SUVs, and hatchbacks, which is expected to have a positive impact on the market for automotive infotainment systems. The global passenger vehicle market is being driven by rising consumer purchasing power and preferences for private transportation. Luxury vehicles have more technology and safety features and their luxurious interiors require cutting-edge infotainment systems. Luxury automobile sales are influenced by the subscription-based services, better sales, and financing choices that automakers offer to consumers. Additionally, businesses like Uber and OLA are working to maintain a sizable market share by attempting to make long journeys more enjoyable and comfortable by enhancing the technology in passenger vehicles.
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Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
• The biggest players in the In-vehicle Infotainment Market are as follows:
• Harman International Industries Inc.(US)
• Visteon Corporation(US)
• Garmin Ltd.(US)
• Aptiv PLC(US)
• Continental AG (Germany)
• Robert Bosch GmbH (Germany)
• Clarion Co., Ltd.(Japan)
• Alpine Electronics Inc.(Japan)
• Pioneer Corporation(Japan)
• Panasonic Corporation(Japan)
• Mitsubishi Electric Corporation(Japan)
• Kenwood Corporation(Japan)
• FUJITSU TEN Limited(Japan)
• Denso Corporation (Japan)
• Delphi Automotive LLP(Ireland)
• MMI Navigation(UK)
• Samsung Electronics (South Korea)
• Magnetic Marelli SpA (Italy)
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the In-vehicle Infotainment Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on In-vehicle Infotainment Market:
End-user industries where In-vehicle Infotainment Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for In-vehicle Infotainment Market manufacturers, influencing the development of the In-vehicle Infotainment Market in 2020. End-user business demand for In-vehicle Infotainment Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the In-vehicle Infotainment Market Report are:
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In 2021, which segment held the highest proportion of the In-vehicle Infotainment Market?
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What is the In-vehicle Infotainment Market’s competitive landscape?
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What are the primary drivers assisting the In-vehicle Infotainment Market growth?
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Which region has the most market share in the In-vehicle Infotainment Market?
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What will be the In-vehicle Infotainment Market’s CAGR throughout the projected period?
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