Growth Drivers and Challenges in the Automotive Infotainment Market...

Growth Drivers and Challenges in the Automotive Infotainment Market

Posted 2023-07-06 06:17:26

Market Research Future Insights

According to MRFR analysis, the global Automotive Infotainment Market Size is expected to register a CAGR of ~8.51% from 2022 to 2030 and hold a value of over USD 48.2 billion by 2030.

Automotive infotainment refers to the full set of cutting-edge technologies that are built into automobiles and offer connectivity, entertainment, information, and communication services.

To provide entertainment and information transmission to the drivers and passengers, the entire system makes use of audio/video (A/V) interfaces, keypads, touchscreens, and other sorts of devices. Wi-Fi, Bluetooth, interactive speech recognition, live media streaming, and smart technologies for mobile integration are all made possible by modern infotainment systems.

Regional Analysis

The market for automotive infotainment is now led by North America and will remain so during the assessment period. The economy of North America is developed, and substantial investments are being made in the rapidly growing car sector. Additionally, factors including increasing demand for automobiles, significant investments in advancing technology, and the availability of a wide range of cutting-edge infotainment gadgets encourage market progress. North American automotive infotainment is dominated by the U.S. in terms of value.

Automotive Infotainment Market Demand and Growth:

The demand for automotive infotainment systems has been steadily growing in recent years due to increasing consumer demand for advanced in-car entertainment and communication features. The integration of new technologies such as connected car services, artificial intelligence, and voice recognition has further fueled this growth. The growth of the market is also driven by the increasing adoption of connected vehicles, the growth of the automotive industry, and the increasing purchasing power of consumers.

Moreover, the COVID-19 pandemic has accelerated the adoption of automotive infotainment systems as consumers have shifted their focus towards more in-car entertainment options while spending more time on the road. The market is expected to continue growing in the coming years with advancements in technology and increasing consumer demand for advanced infotainment features.

It is estimated that the global automotive infotainment market will grow at a significant CAGR (Compound Annual Growth Rate) during the forecast period from 2023 to 2030. The market is expected to be driven by the increasing demand for advanced infotainment features, the growth of the connected car market, and the increasing use of artificial intelligence and voice recognition in infotainment systems.

Market Segmentation

The Global Automotive Infotainment Market Share has been segmented into Operating System

Based on Operating systems, the market has been segmented into QNX, Linux, Microsoft, and Others.

Key Players

· Continental AG (Germany)

· Alpine Electronics Inc. (Japan)

· Harman International (US)

· Pioneer Electronics (US)

· Panasonic Corporation (Japan)

· DENSO Corporation (Japan)

· Garmin Ltd. (Switzerland)

· Delphi Automotive PLC (UK)