Progressive Markets published a report, In-Car Infotainment Market Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025, which says that the global In-Car Infotainment Market was valued at $13,874 million in 2014 and is likely to garner $21,341 million in 2025, growing at a CAGR of 4.47% during the forecast period, 2018-2025.
In-car infotainment refers to the amalgamation of hardware and software components integrated into automobiles to provide entertainment, information, and communication services. Comprising of a unit of navigation system, video players, USB and Bluetooth connectivity, and internet, they provide entertainment and updates and information on traffic conditions and weather forecast. Advanced infotainment systems are made up of connectivity options such as Bluetooth and Wi-Fi, interactive voice recognition services, live media streaming service and smart technology for mobile integration, among others.
Market Drivers and Restraints:
The report recognizes the drivers and restraints affecting the in-car infotainment industry growth. The fast-growing smartphone industry, aggrandized use of cloud technology, and high-performance interfaces, such as control units, human machine interfaces (HMI), and operating controls are driving the growth of the market. Moreover, personalization facility is creating an opportunity for growth in the market. Nonetheless, high-performance interfaces, such as control units, human machine interfaces (HMI), and operating controls are the challenges faced by the players providing solutions in the field.
The report offers an in-depth analysis of the in-car infotainment market based on its segmentation. The market is segmented by installation type, components, and geography. Based on installation type, the market is classified as OEM installation and aftermarket installation. By component, the market is divided into hardware and software. The hardware segment is further divided into audio unit, video unit, connectivity, and others. The other segment includes climate control, Bluetooth and interactive voice recognition (IVR). Based on geography, the market is divided into North America, Europe, Asia-Pacific, and LAMEA. In North America, the market is analyzed across the U.S., Canada, and Mexico. In Europe, the market study covers Germany, UK, Russia, France, Spain, Italy, Poland, and others. In Asia-Pacific, the in-car infotainment market analysis covers China, Japan, India, Australia, Indonesia, South Korea, New Zealand, and the rest of Asia-Pacific. In LAMEA, the market analysis covers Brazil, Argentina, South Africa, UAE, Saudi Arabia, Chile, and others.
Key Market Players:
The in-car infotainment market report discusses the top players operating in the industry. They include Panasonic Corporation, Harman International Industries, Bayerische Motoren Werke AG (BMW), Fujitsu Ten Ltd., Delphi Automotive PLC, Denso Corporation, Ford Motor Company, General Motors Company, Audi AG, and Visteon Corporation. They adopt growth strategies such as product launches, acquisitions, and partnerships to forge ahead in the market and expand their business presence.
Key Benefits of the Report:
The report provides a birds eye view of the entire in-car infotainment industry. It incorporates the in-car infotainment market size, in-car infotainment market share analysis, in-car infotainment market forecast, in-car infotainment market trends, market dynamics, key industry segments, in-car infotainment industry statistics, in-car infotainment market outlook, Porters analysis, and company profiles. The market size helps investors and market players determine the volume of the entire market, assess the opportunities and accurately plan their approach and investments. The market share analysis gives an idea about what percentage of share the market players are holding and how they are performing in the market as compared to their competitors. The market forecast provided in the study is based on the current and past trends of the market. The market drivers and restraints help understand the causes for the rise and fall of the in-car infotainment industry. The Porters Five Forces Analysis, which comprises the bargaining power of buyers, bargaining power of suppliers, the threat from substitutes, the threat of new entrants, and industry rivalry, helps determine the level of competition in the market. The report also provides information about the key market players operating in the market. Besides their general overview, the report also provides their financial segments as well as their recent developments.