PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1410979
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1410979
United Kingdom Automotive Infotainment Market is flourishing due to an increasing adoption of electric vehicles (EVs) and rising disposable income.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the United Kingdom Automotive Infotainment Market size at USD 1.88 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the United Kingdom Automotive Infotainment Market size to expand at a CAGR of 7.61% reaching a value of USD 2.92 billion by 2030. The Automotive Infotainment Market in the UK is witnessing an increasing demand for sophisticated infotainment systems in vehicles. The automotive sector, in its commitment to meeting changing consumer preferences, considers the integration of state-of-the-art infotainment technologies as a pivotal factor influencing purchasing choices. Also, the market experiences growth supported by a rise in disposable income, indicating a heightened willingness among consumers to invest in vehicles equipped with advanced add-ons. Another driving force is the expansion of automotive sales across diverse segments, including passenger cars, EVs, commercial vehicles, and two wheelers, which serves as a catalyst for further market augmentation. Consequently, it is expected to drive the expansion of United Kingdom Automotive Infotainment Market over the period in analysis.
The incorporation of voice assistants and artificial intelligence (AI) in infotainment systems presents a chance to elevate user interactions, providing hands-free control. Through voice-activated commands and AI-driven personalization, users can engage in intuitive interactions, access voice-based navigation, and receive personalized recommendations. The integration aims to enhance safety and convenience while driving.
The United Kingdom Automotive Infotainment Market is impacted by geopolitical tensions in several ways. The conflict has disrupted the energy supply to Europe, threatening the continent's industrial ambitions, including the development and adoption of electric vehicles (EVs). The EU, previously expected to be a major player in the EV sector, now grapples with potential delays and challenges. Additionally, the nearshoring narrative gains traction as Western governments seek to reduce reliance on foreign suppliers, responding to both the war and the recent pandemic. The ongoing geopolitical shift, trade constraints, and security concerns signal a complex landscape, impacting manufacturers' decisions on production locations. However, the automotive industry remains vulnerable to the broader geopolitical game, with the uncertainty posing challenges to business operations.
Based on vehicle type, the United Kingdom Automotive Infotainment Market is split into Passenger Cars and Commercial Vehicles segments. The commercial vehicles segment holds a higher share in the United Kingdom Automotive Infotainment Market by vehicle type. It is primarily driven by rising demands across various end-use sectors. Increased freight movement needs and a surge in truck leasing and rental services contribute to the segment's growth, bolstering the United Kingdom automotive infotainment market. Meanwhile, the passenger cars segment is expected to witness a faster growth rate during the forecast period. It can be primarily due to a surge in passenger car sales. Growing demands for individual car rentals and rising disposable income, supporting car ownership, further propel this segment's growth, contributing to the overall expansion of the United Kingdom Automotive Infotainment Market over the forecast period.
The United Kingdom Automotive Infotainment Market is fragmented, with numerous players serving the market. The key players dominating the United Kingdom Automotive Infotainment Market include Clarion Co., Ltd, Continental AG, Delphi Automotive PLC, Denso Corporation, Harman International, JVC KENWOOD Corporation, Panasonic Corporation, Pioneer Corporation, and Visteon Corporation. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the United Kingdom Automotive Infotainment Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the United Kingdom Automotive Infotainment Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.