Automotive Infotainment Systems Market Recorded 8.74% YOY Growth Rate in 2021, Advances in Automotive Display Systems is a Major Trend to Fuel the Market Growth

The automotive infotainment systems market offers a comprehensive analysis by Application (passenger cars and commercial vehicles) and Geography (APAC, Europe, North America, South-Americaand MEA)

NEW YORK, July 20, 2022 /PRNewswire/ — The automotive infotainment systems market projects growth of USD 5.81 trillion from 2020 to 2025. However, the growth momentum is likely to decelerate at a CAGR of 6.34% as per the latest market report by Technavio. Advances in automotive display systems are a major trend supporting the automotive infotainment systems market growth in the forecast period. The advent of automotive navigation, in-vehicle health monitoring, and connectivity systems is driving developments in automotive infotainment systems. Moreover, vendors are using advanced chips, drivers, microcontrollers, and display technologies to offer superior HMI. These developments are expected to drive the market into focus during the forecast period. Furthermore, the suppliers operating in the global automotive infotainment systems market are using advanced chipsets to design and control the high resolution of in-vehicle displays. For instance, in 2018, LAPIS Semiconductor Co. Ltd. and ROHM Co. Ltd unveiled the first automotive chipset in the world to support functional safety in HD display systems. These advanced chipsets are designed to drive and control the HD automotive displays used in the infotainment system and instrument cluster.

Technavio has announced its latest market research report titled Automotive Infotainment Systems Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

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Automotive Infotainment Systems Market: Segmentation Analysis

The automotive infotainment systems market is segmented by application (passenger cars and commercial vehicles), and geography (APAC, Europe, North America, South-Americaand MEA).

  • Revenue Generating Segment – The automotive infotainment systems market share growth by passenger car segment for revenue generation. Technological advancements and a global increase in income levels have contributed to the growth of the global luxury vehicles market. A large percentage of luxury cars are integrated with infotainment systems. This, in turn, facilitates the growth of the global automotive infotainment systems market by luxury cars during the forecast period. However, mass-segment cars are expected to be the key contributors to the growth of the market.

  • Regional Analysis – 47% of the market’s growth will originate from APAC during the forecast period. China, Japanand south korea (Republic of Korea) are the key markets for the automotive infotainment systems market in APAC. Market growth in this region will be faster than the growth of the market in other regions. The increased consumer demand for advanced in-vehicle technologies will facilitate the automotive infotainment systems market growth in APAC over the forecast period.

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Automotive Infotainment Systems Market: Major Growth Drivers

Tea automotive infotainment systems market report the following factors as major growth drivers during the forecast period:

  • Development of low-cost infotainment solutions

  • Growing demand for rear-seat infotainment systems

  • Increased penetration of automotive infotainment systems in mass-segment vehicles

Automotive Infotainment Systems Market: Vendor Analysis

The automotive infotainment systems market is fragmented and the vendors are deploying growth strategies such as price and functionality to compete in the market. The automotive infotainment systems market report also offers information on several market vendors, including Aptiv Plc, Continental AG, DENSO Corp., Garmin Ltd., LG Electronics Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sony Corp., Valeo SA, and Visteon Corp. among others.

  • Aptiv Plc – The company offers an infotainment system with connectivity features for automotive applications.

  • To know about all major vendor offerings – ClickNow!

Get ready to achieve excellent business outcomes from this exclusive Automotive Infotainment Systems Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as –

  • What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?

  • What is the current trend taking place in the market space?

  • Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?

  • What are market drivers, restraints, and challenges impacting demand & growth of the market?

  • Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

The competitive scenario provided in the Automotive Infotainment Systems Market report analyses, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Automotive Infotainment Systems Market Forecast Report – Buy Now!

Related Reports:

Automotive Infotainment Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2020

forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 6.34%

Market growth 2021-2025

USD 5.81 trillion

Market structure

fragmented

YoY growth (%)

8.74

Regional analysis

APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 47%

Key consumer countries

China, US, Germany, Japan, and South Korea (Republic of Korea)

competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aptiv Plc, Continental AG, DENSO Corp., Garmin Ltd., LG Electronics Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sony Corp., Valeo SA, and Visteon Corp.

Market Dynamics

Parent market analysis, Market growth drivers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get customized segments.

Table of Content

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Force Analysis

5 Market Segmentation by Application

6 Customer landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

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SOURCE Technavio

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