The market for automotive infotainment technologies was valued at USD 7.78 billion in 2022, and it is anticipated to grow at a CAGR of 9.95% between 2023 and 2032.
The Global “Automotive Infotainment Technologies Market” research report give detailed information with reference to market size, share, trends, growth, cost revenue, capacity, and forecast till 2032. This report also contains the general and in-depth study of the Automotive Infotainment Technologies market with all its aspects influencing the growth of the market. The purpose of the Market survey report is to thoroughly evaluate the current market scenario and gain a review about the Automotive Infotainment Technologies Market and its commercial possibilities. As a consequence of the Russia-Ukraine War and COVID-19, the world economy will recover, and generate a lot of revenue till 2032.
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Key Players Mentioned in the Automotive Infotainment Technologies Market Research Report:
Qualcomm, Panasonic, Ford, Toyota, TomTom, Tech Mahindra, Chrysler, Daimler AG, Harman, Qualcomm, Garmin, OnStar, General Motors, Tech Mahindra, Honda, WirelessCar, Airbiquity, Hughes Telematics, BMW AG, Sierra Wireless
Industry News and Updates:
01 Mar 2022, Qualcomm unveils new offering for the auto industry: To meet the increasing demand for premium driving experiences and connected in-vehicle services, Qualcomm Technologies has introduced new and enhanced solutions to its automotive technology portfolio. The company says it has enhanced its Snapdragon Digital Chassis connected vehicle platforms by introducing a feature for Snapdragon Car-to-Cloud Services –Connectivity-as-a-Service –that brings new technology collaborations to support out-of-the-box connectivity, integrated analytics and a cloud and device developer environment aimed to deliver new technology features, content and services globally.
Market Overview:
Automotive entertainment systems have grown in popularity, becoming an essential component of premium and connected vehicles. The car industry would not be immune to this transition as the globe becomes more and more digital. Customer expectations are continuously rising, whether it is for route planning, commuter calendars, or the ability to turn on the central heating in the house before they return. Businesses that adapt to this new connected environment are probably going to do well in the coming era of mobility.
Growth Drivers:
The market is growing due to increased demand for entertainment systems and desire for driver assistance systems (DASs). Players in the automobile industry are becoming more and more interested in vehicle automation as a result of DAS’s growing popularity. To advance technical advances, they invest a lot on R&D. Additionally, the global market for automotive infotainment is growing as a result of the growing demand for automobiles with DASs.
The need for in-vehicle entertainment systems is further supported by important driving factors such greater support for open-source and standard platforms for application development and the availability of smartphone integration with IVI systems. The market is expanding as a result of the rising demand for infotainment systems, rising vehicle production, and integration of infotainment with other systems.
Restraints and Challenges:
Despite promising growth prospects, the automotive infotainment sector must overcome several fundamental intellectual obstacles. These include the inability to comprehend bilinguals and the inability to identify commands when drivers attempt to do a hands-free action. Additionally, the market for car infotainment is expected to grow slowly due to the limited integration of voice assistants with devices.
Manufacturers face significant challenges due to the lengthy product life cycle and high cost of automobile entertainment systems. Additionally, the slow rate of technological adoption and the scarcity of numerous minor parts needed for production provide serious difficulties for the market players.
Regional Analysis:
Latin America is estimated to grow at a CAGR of 11.5% during the forecast period, owing to vehicle manufacturers’ increased emphasis on in-house development of technologically advanced solutions. Modern auto entertainment systems will improve user experience and perhaps even function better. Asia Pacific is predicted to have a rise of 11.9% during the forecast period. The region’s growing middle class is to blame for the increased demand for automobile entertainment systems. Due to their effectiveness, customers choose augmented reality technology-based solutions, which is fueling the expansion of car infotainment systems in the area.
On The Basis of Types: –
In-Car Audio
In-Car Entertainment
In-Car Navigation
On The Basis of Application: –
Automotive
Telecoms
The regions are further sub-divided into:
– North America (US, Mexico, Canada)
– Europe (Russia, Ukraine, France, Spain, Sweden, Norway, Germany, Finland, Poland, Italy, United Kingdom, Greece, Austria, Denmark, Switzerland, Netherlands, Belgium, Turkey, Luxembourg)
– Asia-Pacific (China, Japan, India, Australia, South Korea, Taiwan, Malaysia, Philippines, Thailand, Singapore)
– South America (Brazil, Argentina, Peru, Chile)
– Middle East and Africa (Bahrain, Egypt, Israel, Kuwait, Qatar, Saudi Arabia, United Arab Emirates, South Africa)
Russia-Ukraine War Impact 2023: Economic Sanctions Imposed by the United States & its Allies on the Russian Federation Negatively Affected the Market.
“The economic sanctions imposed by the U.S. and its allies on the Russian Federation are expected to affect this Market’s growth. Furthermore, the war negatively affected the global industries leading to import and export flow disruptions. The dominance of Russia and roscosmos, a quasi-civilian space agency in the commercial space, affected alternative launch service providers in India, Japan, Europe, and the U.S. These factors negatively affected the Market during the war.”
The impact of the Automotive Infotainment Technologies Market report:
– Comprehensive assessment of all opportunities and risk in the Automotive Infotainment Technologies Market.
– Automotive Infotainment Technologies Market recent innovations and major events.
– Detailed study of business strategies for growth of the Automotive Infotainment Technologies Market-leading players.
– Conclusive study about the growth plot of Automotive Infotainment Technologies Market for forthcoming years.
– In-depth understanding of Automotive Infotainment Technologies Market-particular drivers, constraints and major micro industries.
– Favourable impression inside vital technological and Market latest trends striking the Automotive Infotainment Technologies Market.
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Key Takeaways from Automotive Infotainment Technologies Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different market verticals
─Understand the different dynamics influencing the Automotive Infotainment Technologies market – key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance – Automotive Infotainment Technologies market shares, strategies, financial benchmarking, product benchmarking, SWOT and more
─Analyze the sales and distribution channels across key geographies to improve top-line revenues.
─Understand the market supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Automotive Infotainment Technologies.
The survey covers historical data from 2018 to 2023 and predictions through 2029, making it a priceless tool for business leaders, marketing, sales, and product managers, consultants, analysts, and stakeholders searching for essential Market data in easily accessible documents with logically laid out tables and graphs.
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