The global in-car infotainment system market size is expected
to reach USD 37,628.2 million by 2025, registering a CAGR of 12.6% from 2019 to
2025, according to a new study by Grand View Research, Inc. Smartphones happen
to be the most prominently-used connectivity gateways for an infotainment
system. Hence, any growth in the adoption of smartphones across the globe is
anticipated to have a significant impact on the in-car infotainment market.
The rising demand for enhanced driving
experience is predicted to drive the growth of the market over the forecast
period. The increasing focus on driver comfort and convenience has prompted car
manufacturers to develop cutting-edge in-car infotainment products. In-car
infotainment systems offer innovative features such as real-time traffic
updates, Bluetooth connectivity, voice control, and navigation information.
These features provide the driver with comprehensive vehicle information to
enhance driving experience and safety. In addition to this, technological
advancements in automation have enabled the user to control the car remotely by
leveraging parking assistance and obtaining a 360-degree view of the vehicle.
However, integrating these systems
into automobiles involve high costs. This explains why they are limited only to
premium and luxury vehicles at present. On the other hand, security and privacy
issues associated with infotainment systems are predicted to hinder the growth
of the market.
The use of infotainment systems in
commercial vehicles is mainly driven by the widespread adoption of navigation
units. The implementation of navigation and communication units in a commercial
vehicle has helped in increasing operational efficiency and reducing the
response time during emergencies. Given that commercial vehicles have to travel
for longer durations and cover longer distances as compared to passenger cars,
these systems can also help in improving safety and driver comfort.
Browse full research report on In-Car Infotainment System Market: https://www.grandviewresearch.com/industry-analysis/in-car-infotainment-system-market
Further key findings from the study suggest:
- Communication unit is expected to emerge as the
fastest-growing segment, registering a CAGR of 13.7% over the forecast
period. Technological proliferation has extended connectivity to remote
locations, thereby encouraging people to use communication devices and
subsequently boosting the adoption of communication units
- The OE fitted segment is expected to emerge as the
fastest-growing segment over the forecast period. This can be attributed
to their minimal maintenance costs as they come with a warranty
- Passenger cars is expected to emerge as the fastest-growing
segment, exhibiting a CAGR of 12.7% from 2019 to 2025. The growing focus
on driver security and safety is stimulating the adoption of efficient
navigation systems, subsequently driving the market growth across the
passenger cars segment
- The Asia Pacific regional market is expected to contribute
significantly to the market growth, exhibiting a CAGR of 14.6% over the
forecast period
- Key participants of in-car infotainment system market include
Continental AG, Harman International, Alpine Electronics, Panasonic
Corporation, Denso Corporation, Pioneer Corporation, Visteon Corporation,
Clarion Corporation, JVC KENWOOD Corporation, and Delphi Automotive PLC,
among others.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/in-car-infotainment-system-market/request/rs1
Grand View Research has segmented the global in-car infotainment
system market on the basis of product, installation, application, and region:
In-car Infotainment System Product Outlook (Volume, Million Units;
Revenue, USD Million, 2014 - 2025)
- Audio
Unit
- Display
Unit
- Head-up
Display
- Navigation
Unit
- Communication
Unit
In-car Infotainment System Installation Outlook (Volume, Million
Units; Revenue, USD Million, 2014 - 2025)
- OE
Fitted
- Aftermarket
In-car Infotainment System Application Outlook (Volume, Million
Units; Revenue, USD Million, 2014 - 2025)
- Passenger
Cars
- Commercial
Vehicles
In-car Infotainment System Regional Outlook (Volume, Million Units;
Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- Asia
Pacific
- China
- India
- Japan
- South
America
- Brazil
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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