The In-Vehicle Infotainment Global Market Report 2023, provides comprehensive information on the in-vehicle infotainment market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s In-Vehicle Infotainment Global Market Report 2023, the global in-vehicle infotainment market size is expected to grow from $19.88 billion in 2022 to $22.09 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global in-vehicle infotainment market size is expected to grow to $32.85 billion in 2027 at a CAGR of 10.4%.
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Technological advancements are a key trend gaining popularity in the in-vehicle infotainment market. Major companies operating in the in-vehicle infotainment market are focused on developing new technological solutions to strengthen their position. For instance, in August 2022, Mitsubishi Electric Corporation, a Japan-based manufacturer of electronics and electrical equipment, launched the new futuristic infotainment system ‘Inca Jay Digital Cockpit’. The unique feature of the new cockpit include a real-time voice translator, image processing, and advanced driver assistance systems (ADAS). The system can monitor the driver’s face with near-infrared and driver-facing cameras to detect any issues with the drivers. The system has an evolved ADAS that will help in emergencies and safety terms.
The in-vehicle infotainment market is segmented:
1) By Component: Software, Hardware, Services
2) By Services: Entertainment Services, Navigation Services, E-Call Services, Vehicle Diagnostics Services, Other Services
3) By Vehicle Type: Passenger Car, Commercial Vehicle
4) By Fitting: OE Fitted, Aftermarket
North America was the largest region in the in-vehicle infotainment market in 2022.
The table of contents in TBRC’s in-vehicle infotainment market report includes:
- Executive Summary
- In-Vehicle Infotainment Market Characteristics
- In-Vehicle Infotainment Market Trends And Strategies
- In-Vehicle Infotainment Market – Macro Economic Scenario
- In-Vehicle Infotainment Market Size And Growth
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- Africa In-Vehicle Infotainment Market
- In-Vehicle Infotainment Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The In-Vehicle Infotainment Market
- In-Vehicle Infotainment Market Future Outlook and Potential Analysis
- Appendix
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