PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1486420
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1486420
Global Automotive Infotainment Market is valued at approximately USD 14.99 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 9.90% during the forecast period 2024-2032. Automotive infotainment refers to the integrated system within vehicles that provides entertainment, navigation, communication, and other multimedia functionalities to occupants. This technology typically includes features such as audio and video playback, satellite navigation, smartphone integration, internet connectivity, and various applications designed to enhance the overall driving experience. The pervasive nature of the Global Automotive Infotainment Market can be attributed to the ongoing integration of features such as on-demand music, smartphone connectivity, and live audio streaming.
Growing demand for Vehicle Telematics for enhanced vehicle insights and data is a major driver for the Global Automotive Infotainment Market. The heightened emphasis on integrating advanced technologies such as driver assistance, augmented reality, real-time data collection, and the Internet of Things (IoT) into infotainment systems enhances both driver safety and experience, consequently fueling demand for the Global automotive infotainment system. Furthermore, Governments globally prioritize passenger safety, drafting laws and regulations focusing on Advanced Driver Assistance Systems (ADAS) in vehicles. However, limited awareness among new-vehicle buyers, neglect user manuals for technologically advanced infotainment systems, poses a barrier to Global Automotive Infotainment Market growth. Moreover, the risk of data manipulation and code overwriting in advanced infotainment systems can result in security breaches and data hacking, thereby impeding market growth between 2022 and 2032.
The key regions considered for the global Automotive Infotainment market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America was the largest regional market. The expected growth in the APAC region can be attributed to rising sales and production of passenger cars, particularly in the luxury and mid-sized premium segments due to increasing income levels and high demand. The increasing traction for electric vehicles in the region is also expected to drive demand for in-car entertainment systems. Major benefits include enhanced connectivity, user experience, hands-free operation, and a diverse range of entertainment options. Moreover, Asia Pacific is expected to grow with a high growth rate in the forecatsted period.