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In-Car Infotainment Market by Installation Type (OEM and Aftermarket) and Component (Hardware and Software): Global Opportunity Analysis and Industry Forecast, 2022-2030

In-Car Infotainment Market by Installation Type (OEM and Aftermarket) and...

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In-Car Infotainment Market by Installation Type (OEM and Aftermarket) and Component (Hardware and Software): Global Opportunity Analysis and Industry Forecast, 2022-2030
In-Car Infotainment Market by Installation...
Report Code
RO14/128/2119

Publish Date
09/Aug/2022

Pages
200
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The global in-car infotainment market size was US$ 22,811 million in 2021. The global in-car infotainment market is expected to grow to US$ 43212.9 million by 2030, registering a compound annual growth rate (CAGR) of 8.1% during the study period from 2022 to 2030. 
In-car infotainment refers to a comprehensive set of advanced features that are built into automobiles to provide entertainment, information, connectivity, and communication services. The system is essential to provide entertainment and information to drivers and passengers through its efficient audio/video (A/V) interfaces, touchscreens, keypads, and other types of devices. Bluetooth, Wi-Fi connectivity, etc.

COVID-19 Impact Analysis:
The COVID-19 disease hampered the overall workflow in various industries. The pandemic dramatically affected the automotive sector creating an insufficiency of raw material. Various automotive manufacturers put a pause on their production activities. Prominent mobility players have experienced a significant hit due to the disease spread, which leads to changes in consumer behaviour and regulatory developments. As a result, it negatively affected the in-car infotainment market.

Factors Influencing the Market
The rising adoption of cloud technology will primarily drive the demand for in-car infotainment during the forecasted period. The increased demand for safety, comfort, and aesthetic features in vehicles has resulted in several technological advancements. One such advancement is the use of a cloud-based infotainment system, which increases the comfort level of the passengers inside. Moreover, the growing trend of live media streaming is expected to increase the development of cloud technology, which will be opportunistic for the overall in-car infotainment market during the analysis period. 
In addition, the benefits of in-vehicle infotainment systems as it allows efficient storage and sharing of media files, including music, video, and photos over the cloud network. All of these factors will positively influence the in-car infotainment market during the analysis period. 
The rising trend of connected cars will bring lucrative growth opportunities for the overall in-car infotainment market during the analysis period. Further, the growing initiatives by government bodies to enhance the safety and security of vehicles are expected to bring ample growth opportunities for the market. 
Connected vehicles allow cars to communicate with drivers, other vehicles, road infrastructure, and the cloud via the V2X platform. These services enable automotive dealers to optimize resource utilization, strengthen safety, and automate certain driver functions. Thus, it will benefit the global in-car infotainment market during the analysis period.

Regional Analysis
North America is expected to hold the largest share in the in-car infotainment market due to the growing adoption of these systems for HD in-dash display monitors and building effective communication among the users. 
The Asia-Pacific market for in-car infotainment will also hold a substantial share due to the rising disposable income and growing sales of premium cars in China. In addition, the growing adoption of smartphones, combined with the rising demand for in-car infotainment systems, is expected to bring ample growth opportunities for the in-car infotainment market during the analysis timeframe.

Competitors in the Market
• Alps Alpine Co., Ltd.
• Audi Ag
• Bmw Group
• Continental Ag
• Ford Motor Company
• Panasonic Corporation
• Pioneer Corporation
• Samsung Electronics Co., Ltd.
• Vistron Corporation
• Volkswagen Ag
• Other Prominent Players

Market Segmentation
The global in-car infotainment market segmentation focuses on Installation, Component, and Region. 
By Installation Type
• OEM
• Aftermarket
By Component
• Hardware
• Software
By Regional Outlook
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
 

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