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Increased penetration of infotainment units to upsurge the invehicle infotainment industry
The invehicle infotainment market, by value, is projected to grow at a CAGR of 11.79% from 2017 to 2022, to reach USD 30.47 billion by 2022. The key factors driving the market growth include increasing penetration of infotainment systems in low to midsegment vehicles, safety and security concerns, and government regulations. The rapid growth of the electric vehicles market is also expected to boost the demand for invehicle infotainment systems as these systems are offered as standard equipment in most of the electric cars.
On the other hand, the major factors hindering the market growth of invehicle infotainment systems are the high cost of infotainment units and availability of lowcost aftermarket alternatives.
Embedded infotainment units to witness the fastest growth during the forecast period
The market for embedded infotainment units is projected to grow at the highest CAGR, in terms of value, during the forecast period. The increasing demand for inbuilt navigation and software as well as growing concerns about cyber security are the main growth drivers for the embedded infotainment market.
Infotainment unit is expected to be the largest market segment in the invehicle infotainment market
The infotainment unit is the most expensive component of the invehicle infotainment system. As a result, the infotainment unit is estimated to be the largest market in the invehicle infotainment market, by component. The growth can be attributed to the high penetration level of infotainment units in developed regions as well as increasing penetration in developing regions.
"Europe to dominate the market growth
Europe is estimated to see the fastest growth of the invehicle infotainment market, in terms of value. This growth is primarily driven by the telematics mandates of the European Union, which make it mandatory for car makers to install the telematics control unit in all passenger cars from 2018.
The study contains insights provided by various industry experts. The breakup of the primaries is as follows:
By Company Type Tier1 60%, OEM 30%, and Tier 2 10%
By Designation C level 50%, Dlevel 30%, and Others 20%
By Region Europe 40%, and AsiaOceania 20%, North America 30%, RoW 10%
The key players in the invehicle infotainment market are profiled in the study. These include Alpine Electronics Inc. Japan, Garmin Ltd. U.S., Pioneer Corporation Japan, HARMAN International U.S., Panasonic Corporation Japan, Clarion Japan, TomTom International BV Netherlands, Mitsubishi Electric Corporation Japan, Continental AG Germany, Robert Bosch GmbH Germany, Delphi Automotive U.K., Denso Corporation Japan, Visteon Corporation U.S., and JVCKenwood Corporation Japan.
The invehicle infotainment market is segmented by component infotainment unit, control panel, headup display, and Telematics control unit, form factor embedded, tethered, and integrated, vehicle type passenger car, LCV, and HCV, alternate fuel vehicles BEV, HEV, and PHEV, services entertainment services, navigation services, ecall services, vehicle diagnostic services, and other services, Operating system Linux, QNX, Windows, and Others, and connectivity 3G, 4G, 5G, Bluetooth, and WiFi.
Reasons to Buy the Report:
The report provides insights concerning the following points:
Market Development: The report offers comprehensive information about lucrative emerging markets. The report analyzes the markets for invehicle infotainment across regions.
Product Development/Innovation: The report provides detailed insights into RD activities, upcoming technologies, and new product launches in the global invehicle infotainment market.
Market Diversification: The report gives detailed information about untapped markets, investments, new products, and recent developments in the global invehicle infotainment market.
Dive Matrix: The report offers detailed information and in depth analysis of key players based on their business strategy and product offering.
Supplier analysis: The report provides a brief analysis of Who Supplies Whom data for key infotainment component manufacturers and their clients OEMs.
Original Article: InVehicle Infotainment Market by Component Info Unit, Control Panel, HUD, TCU, TypeEmbedded, Tethered, Integrated, ServiceEntertainment, Navigation, Diagnostic, eCall, Operating System, Connectivity, Electric ICE Vehicle Region Forecast to 2022 [ReportNEXT ARTICLE