Overview:

The global automotive infotainment market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Infotainment system is an electronic unit that provides detailed information about the vehicle and also used for entertainment. The automotive infotainment system plays important role in gaining live information about the vehicle while driving, to access the media, to check and follow the routes using installed maps, and many more.

Market Dynamics:

Growing automotive sales across the globe especially in the Asia Pacific region is a key factor driving growth of the global automotive infotainment market. The end users are preferring the vehicle that having advanced features and infotainment system which is resulting in the high deployment of advanced infotainment system in automotive vehicles across the globe.

Additionally, integration of various features such as android auto, apple car play, on-demand music, audio and video streaming, upgraded user interface, advanced touch screen, voice recognition, and many more is resulting in high demand for automotive infotainment system in the market.

Moreover, rising disposable income, increasing sales of luxurious cars, and growing stringent government regulations related with automotive and driving safety information are among the other factor resulting in target market growth.

Key Trends:

Growing focus on R&D among key players through collaborative approach and investment for product development is a key trend witnessed in the global automotive infotainment market. For example, in August 2019, Robert Bosch GmbH has opened an R&D center in Shanghai, China for the development of digital technologies including automotive infotainment systems.

In addition, Alpine Electronics, Inc. and Alps Electric Co., Ltd. has integrated their business and developed new venture Alps Alpine Co. Ltd. Through this integration the companies are going to further focus on development of advanced products. This kind of trends expected to propel growth of the global market in the forecast period.

Regional Analysis:

For detailed understanding of market dynamics, the global automotive infotainment market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently Asia Pacific is dominating the global market with major market share and is expected to maintain its dominance over the forecast period. Presence of key manufacturers in the region coupled with increasing automotive sales is a key factor supporting growth of the Asia Pacific automotive infotainment market.

However, the market in Europe and Middle East & Africa is expected to witness significant growth during the forecast period. Growing demand for advanced infotainment system among end users is a key factor supporting growth of the target market in these regions.

Scope of the Report:

Detailed Segmentation:

Global Automotive Infotainment Market, By Installation Type:

• OEM
• Aftermarket

Global Automotive Infotainment Market, By Location:

• Front Row
• Rear Row

Global Automotive Infotainment Market, By Component:

• Hardware
• Software

Global Automotive Infotainment Market, By Application:

• Passenger Cars
• Commercial Vehicles

Key Players Covered:

Key players operating in the global automotive infotainment market includes Panasonic Corporation, LG Electronics, Harman International Industries, Pioneer Corporation, Alps Alpine Co. Ltd. (Alpine Electronics), Denso Corporation, Delphi Automotive LLP, Continental AG, Garmin Ltd., and Kenwood Corporation.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Automotive Infotainment Market by Installation type, location, component, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global automotive infotainment market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.