Market Size – The in-car infotainment market size has grown strongly in recent years. It will grow from $19.70 billion in 2023 to $21.49 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to increasing demand for integrated GPS navigation systems, growth in the use of cloud services, the rising popularity of infotainment systems that provide augmented reality, increase in the demand for connected car services, and increasing availability of in-car internet access.
The in-car infotainment market size is expected to see strong growth in the next few years. It will grow to $30.65 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to increasing demand for advanced driver assistance systems, rising adoption of electric vehicles, rising demand for high-definition displays, rising demand for multi-modal connectivity, and increasing number of infotainment systems. Major trends in the forecast period include technological advancements, integration of artificial intelligence, adoption of advanced voice recognition systems, 5G connectivity, and augmented reality.
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Scope Of In-Car Infotainment MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
In-Car Infotainment Market Overview
Market Drivers –The increasing demand for electric vehicles (EVs) is expected to propel the growth of the in-car entertainment market moving forward. Electric vehicles utilize electric motors powered by batteries, offering an alternative to internal combustion engines that run on gasoline or diesel. The demand for EVs is fueled by several factors, including technological advancements in artificial intelligence that enhance autonomous driving capabilities and a growing awareness of climate change. In-car infotainment systems significantly enhance electric vehicles by integrating advanced connectivity and user interface technologies essential for autonomous driving and enriching the user experience. For example, the International Energy Agency reported in September 2022 that sales of electric vehicles surged to 6.6 million in 2021, nearly doubling from 3 million in 2020, and representing almost 9% of total vehicle sales, with an increase of 4.1 percentage points in 2021. Therefore, the rising demand for electric vehicles is driving the growth of the in-car entertainment market through 2023, into 2024, with substantial growth anticipated by 2028.
Market Trends – Major companies operating in the in-car infotainment market are focused on developing innovative technologies, such as the Android automotive infotainment system, to enhance the user experience and integrate advanced features into their automotive offerings. The Android automotive infotainment system is an operating system that integrates vehicle infotainment systems. For instance, in November 2023, Snapp Automotive, a Germany-based manufacturer of infotainment systems, introduced SnappOS, an automotive infotainment system built on the Android automotive OS (operating system). This new system integrates seamlessly with Google’s Android platform, offering drivers access to various apps directly through the infotainment screen. It includes advanced voice recognition capabilities, enabling hands-free control of navigation, music, and communication functions. The system supports real-time updates and personalized recommendations based on user preferences and driving habits, ensuring a tailored experience.
The in-car infotainment market covered in this report is segmented –
1) By Product: Display Unit, Head-Up Display, Navigation Unit, Communication Unit
2) By Component: Hardware, Software
3) By Installation: Original Equipment Fitted, Aftermarket
4) By Application: Passenger Cars, Commercial Vehicles
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Regional Insights – North America was the largest region in the in-car infotainment market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in-car infotainment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are Mitsubishi Electric Corporation, Sony Corporation, Intel Corporation, Panasonic Corporation, Continental AG, Denso Corporation, Qualcomm Technologies, Inc., Hyundai Mobis, Pioneer Corporation, Texas Instruments Incorporated, Faurecia SA, DXC Technology Company, Harman International, Garmin Ltd., Visteon Corporation, Fujitsu Ten Ltd., LG Electronics Inc., TomTom International BV, Alpine Electronics Inc., Valeo, JVCKenwood Corporation, Robert Bosch GmbH, Clarion Corporation, Huawei Technologies Co. Ltd., Blaupunkt GmbH
Table of Contents 1. Executive Summary2. In-Car Infotainment Market Report Structure3. In-Car Infotainment Market Trends And Strategies4. In-Car Infotainment Market – Macro Economic Scenario5. In-Car Infotainment Market Size And Growth…..27. In-Car Infotainment Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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