Report
Description
A recent market intelligence report that is published by Data
Insights Partner on In-Car infotainment Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international. The research study also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world In-Car infotainment Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international In-Car
infotainment Market is offered.
Market
Insights:
In accordance with the report, the In-Car infotainment
Market is projected to expand at a CAGR of 7.5% over the period
of forecast. The global In-Car
infotainment Market was valued at USD XX.X Mn in 2019 and is expected to reach
USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast
period. The growing need for driver assistance and the rising concern for
driver safety are the main factors driving the market for in-car entertainment
systems. The use of an effective navigation system in the car can help drivers
reach their destination securely. The real-time footage of the environment that
infotainment systems provide, which aids guided parking with graphics displayed
on the LCD screen, also ensures the safety of the car. However, infotainment
systems occasionally cause the driver to get distracted, raising safety issues
and going against government regulations. These issues might operate as
significant market growth inhibitors. Additionally, the market's growth is
anticipated to be constrained in the projected period by the high installation
costs of in-car infotainment systems. Due to the growing need for in-car
infotainment in the automotive industry, Europe is anticipated to hold the
greatest market share for this product. The European Union has mandated
telematics control in vehicles, mostly in passenger cars, and this is
anticipated to fuel the expansion of the in-car infotainment market in Europe.
Due to partnerships between major companies like Ford Motor and Amazon to
develop new infotainment systems, North America is predicted to experience an
astronomical boom in the vehicle infotainment system market. Major industry
participants like Apple Inc. and General Motors are also attempting to improve
the user experience with infotainment systems.
Research
Methodology:
To compile
the detailed study of the global In-Car
infotainment Market, a robust research methodology has been adopted
that aids in determining the key insights and also evaluates the growth
prospects of the In-Car infotainment Market.
Comprehensive and iterative research methodology focused on minimizing deviance
in order to provide the most accurate estimates and forecast possible. The
company utilizes a combination of bottom-up and top-down approaches for
segmenting and estimating quantitative aspects of the market. Our research
methodology implements a mix of primary as well as secondary research. Our
projects are initiated with secondary research, where we refer to a variety of
sources including trade databases; government published documents, investor presentations,
company annual reports, Industrial papers, and paid databases. To carry out
secondary research, the analysts have collected the information through company
annual reports, journals, company press releases, and paid databases that were
referred to gain and identify better opportunities in the In-Car infotainment Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the In-Car infotainment Market was affected negatively due to the
shutdown of manufacturing/processing facilities for some time. The analysts
have also focused on the key measures that the companies are opting to
withstand the harsh scenario.
Segment
Covered:
In-Car infotainment Market Compounded annual growth rates for all segments have also
been provided for 2019 to 2031. This report is a compilation of first-hand
information, qualitative and quantitative assessment by industry analysts,
inputs from industry experts and industry participants across the value chain.
Key Segments:
In-Car infotainment Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2022 to 2031, for the following segments:
In-Car
infotainment Market, By component, 2022-2031 (USD Million)
·
Hardware
·
Software
In-Car
infotainment Market, By connectivity, 2022-2031 (USD Million)
·
V2 V
·
Mobile
·
Voice Control
In-Car
infotainment Market, By installation, 2022-2031 (USD Million)
·
Oem
·
Aftermarket
In-Car
infotainment Market, By Vehicle Type, 2022-2031 (USD Million)
·
Passenger
Vehicles
·
Commercial
Vehicles
Report
Highlights:
The prime objective of the In-Car
infotainment Market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
In-Car
infotainment Market, By Region, 2022-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide In-Car
infotainment Market:
·
Volkswagen
Group (Germany)
·
Ford Motor
(US)
·
General
Motors Company (US)
·
Harman
International Industries (US)
·
Denso
Corporation (Japan)
·
Fujitsu Ten
Limited (Japan)
·
Visteon
Corporation (U.S.)
·
Panasonic
Corporation (Japan)
·
BMW (Germany)
·
Delphi
Automotive (UK)
·
Apple Inc
(US).
In-Car
infotainment Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.
·
Recent
advancements and technological trends in the industry