PUBLISHER: The Business Research Company | PRODUCT CODE: 1578728
PUBLISHER: The Business Research Company | PRODUCT CODE: 1578728
In-car infotainment refers to the integrated system in a vehicle that provides entertainment, information, and connectivity features for both the driver and passengers. These systems combine various functions and technologies to improve the driving experience by offering a range of multimedia and communication options.
The primary product types of in-car infotainment are audio units, display units, head-up displays, navigation units, and communication units. The audio unit handles audio playback and control within the vehicle, including radio, streaming services, and voice commands, enhancing the entertainment experience for passengers. The components involved include hardware and software, with installations available as original equipment or aftermarket options, and these systems are used in various applications such as passenger cars and commercial vehicles.
The in-car infotainment market research report is one of a series of new reports from The Business Research Company that provides in-car infotainment market statistics, including in-car infotainment industry global market size, regional shares, competitors with an in-car infotainment market share, detailed in-car infotainment market segments, market trends and opportunities, and any further data you may need to thrive in the in-car infotainment industry. This in-car infotainment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The in-car infotainment market size has grown strongly in recent years. It will grow from $19.70 billion in 2023 to $21.49 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to the rising demand for integrated GPS navigation systems, the expansion of cloud services, the increasing popularity of infotainment systems with augmented reality features, the growing need for connected car services, and the increasing availability of in-car internet access.
The in-car infotainment market size is expected to see strong growth in the next few years. It will grow to $30.65 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to the increasing demand for advanced driver assistance systems, the rising adoption of electric vehicles, the growing need for high-definition displays, the demand for multi-modal connectivity, and the increasing number of infotainment systems. Major trends in the forecast period include technological advancements, the integration of artificial intelligence, the adoption of advanced voice recognition systems, 5G connectivity, and augmented reality.
The increasing demand for electric vehicles is anticipated to drive the growth of the in-car entertainment market. Electric vehicles (EVs) are vehicles powered by electric motors and batteries rather than traditional internal combustion engines. The surge in EV demand is fueled by advancements in artificial intelligence that enhance autonomous driving capabilities and growing awareness of climate change. In-car infotainment systems play a crucial role in electric vehicles by integrating advanced connectivity and user interface technologies, which are essential for autonomous driving and improving the overall user experience. For example, in September 2022, the International Energy Agency, a France-based autonomous intergovernmental organization, reported that global electric vehicle sales nearly doubled from 3 million in 2020 to 6.6 million in 2021, accounting for nearly 9% of total vehicle sales and an increase of 4.1 percentage points from the previous year. Thus, the rising demand for electric vehicles is propelling the growth of the in-car entertainment market.
Leading companies in the in-car infotainment market are focusing on developing advanced technologies, such as the Android automotive infotainment system, to enhance user experience and integrate sophisticated features into their automotive offerings. The Android automotive infotainment system is an operating system designed for vehicle infotainment systems. For instance, in November 2023, Snapp Automotive, a Germany-based manufacturer of infotainment systems, launched SnappOS, an automotive infotainment system built on the Android automotive OS. This new system seamlessly integrates with Google's Android platform, providing drivers with access to a variety of apps directly through the infotainment screen. It features advanced voice recognition for hands-free control of navigation, music, and communication functions, along with real-time updates and personalized recommendations based on user preferences and driving habits.
In May 2021, Stellantis NV, a Netherlands-based automotive manufacturer, formed a partnership with Hon Hai Precision Industry Co. Ltd. This collaboration aims to combine Foxconn's expertise in electronics manufacturing and technology with Stellantis' automotive engineering capabilities to develop innovative infotainment solutions and advanced vehicle connectivity features. Hon Hai Precision Industry, based in Taiwan, is known for its involvement in in-car infotainment systems.
Major companies operating in the in-car infotainment market are Mitsubishi Electric Corporation, Sony Corporation, Intel Corporation, Panasonic Corporation, Continental AG, Denso Corporation, Qualcomm Technologies, Inc., Hyundai Mobis, Pioneer Corporation, Texas Instruments Incorporated, Faurecia SA, DXC Technology Company, Harman International, Garmin Ltd., Visteon Corporation, Fujitsu Ten Ltd., LG Electronics Inc., TomTom International BV, Alpine Electronics Inc., Valeo, JVCKenwood Corporation, Robert Bosch GmbH, Clarion Corporation, Huawei Technologies Co. Ltd., Blaupunkt GmbH
North America was the largest region in the in-car infotainment market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in-car infotainment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the in-car infotainment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The in-car infotainment market consist revenues earned by entities by providing services such as voice recognition, enhanced communication, entertainment apps and advanced driver assistance systems (ADAS) integration. The market value includes the value of related goods sold by the service provider or included within the service offering. The in-car infotainment market also includes of sales of touchscreen interfaces, voice control systems and multi-zone audio systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
In-Car Infotainment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on in-car infotainment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for in-car infotainment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The in-car infotainment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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