The global in-car infotainment 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 system market.
The rising demand for enhanced driving
experience is predicted to drive the growth of the in-car entertainment
industry 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.
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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 in-car entertainment systems industry.
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.
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.
For
inquiry please visit @:- https://www.grandviewresearch.com/inquiry/6247/ibb
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