In a recent published report, Kenneth Research has updated the market report for Automotive Infotainment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Automotive Infotainment Market products.
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The automotive infotainment market was valued at USD 17.23 billion by 2017, growing with 13.2% CAGR during the forecast period, 2018-2025.
Automotive infotainment is the complete blend of technology with regards to the merging of all features such as technology, entertainment and communication services. It is a booming industry all thanks to the improved statistics in enhanced consumer preferences. This industry needs a complete mix of a parts manufacturer, technology developers, solution providers, platform developers in order to continue to grow successfully. These include systems such as the car navigation systems, video systems in cars and in-car audio systems.
Growth factors in this industry have been an increase in Population and the purchasing capacity of individuals. Another factor that has resulted in the growth is the awareness and usage of smartphone technology which has encouraged similar technology to be imbibed into car infotainment. Tie-ups between software companies and car companies have resulted in better penetration and all-round development. Some of the limiting factors of the industry are the lack of good connectivity in-car infotainment. There are a number of complexities in-car infotainment, which could create hassles in growth.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The key highlighted categories of the component takeaways are Passenger Car, Commercial Vehicle. There are hardware and software categorization. The main components that are a part of this segmentation involve four primary categories such as audio unit, display unit, connectivity unit, and others. Increased demand in other segments such as interactive voice recognition (IVR), Bluetooth and climate control segments has resulted in a steady growth of this industry. The software market is also expected to witness good potential growth. A good contributing factor is providing a wide range of in case infotainment software and improvement in technology.
The installation market includes OEM and aftermarket installations. The OEM market involves pre-installed software’s into the car system. The OEM market installation is one of the most popular categories in this segment. OEM installation will be reigning in terms of revenue generation. The aftermarket has a lot of third party involvement with respect to the automotive infotainment industry. The integration to cloud systems improves the connectivity of these systems with the car.
Operating Systems Takeaway
The major operating systems are Linux, QNX, Microsoft & others. The QNX owns the major share in the category of operating systems associated with automotive infotainment, this is due to the flexibility it offers. Some of the other systems that dominate the automotive infotainment industry are Linux, Microsoft, and others.
North America is one of the regional players in the automotive infotainments. This is because of the rise in comfort and luxury cars across the region. Following this the Asia Pacific region is a major player in this specific industry, this can be attributed to the general increase in the growth of transportation and infrastructure in these areas.
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Key Vendor Takeaway
Following are a few of the key players of this industry. These include Volkswagen Group,
Ford Motor, General Motors Company, Harman International Industries, Denso Corporation, Fujitsu Ten Limited, Visteon Corporation, Panasonic Corporation, BMW, Delphi Automotive. Denso Corporation is known for its voice automation and is already being used by the popular Ford automobiles. Harman international is popular for its next-generation telematics that is used by the well-known Daimler.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies and Research Organizations
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY COMPONENT
MARKET, BY INSTALLATION
MARKET, BY OPERATING SYSTEM
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of the World
Middle East and Africa
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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