Asia Pacific Electric Vehicle Infotainment Market Size, Share & Industry Trends Analysis Report By End-use (Battery Electric Vehicle (BEV) and Hybrid Electric Vehicle (HEV)), By Connectivity Type, By System Type, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Electric Vehicle Infotainment Market would witness market growth of 35.8% CAGR during the forecast period (2022-2028).
An electric vehicle user must not only anticipate instant torque and cheap fuel costs from his vehicle, and also a complete in-car digital experience. One of the most notable breakthroughs in the smart car revolution is the fact that brands like Ford, Renault, and Volvo would include Google's Android Auto operating system in all of their new vehicles. As the demands of potential automotive consumers rise, it appears that similar situations would become more common.
Gasoline and diesel-powered automobiles have ruled the roadways for more than a century. Recent technological improvements in battery range, self-driving, and power electronics had pushed electric cars forward of their gas equivalents, rendering what has long seemed like the future now a reality. Electric automobiles are now as quick as, if not faster than, gasoline-powered cars.
The Chinese government is focusing its efforts in this region on providing incentives to stimulate the sale of electric vehicles. India, for example, is striving to enhance electric vehicle sales, providing market development opportunities. Greater government initiatives to raise the sale of electric vehicles are projected to offer opportunities for market growth in the next review period. Nations are aiming to enhance electric vehicle sales, which has the potential to expand the industry. The Chinese government provides financial incentives to consumers who purchase electric vehicles.
The Chinese government also made measures to establish a low-carbon society in order to reduce energy consumption and carbon emissions. The promotion of clean and energy-efficient vehicles, particularly electric vehicles (EVs), is an essential characteristic that represents a global breakthrough in transportation reform. EVs do not emit tailpipe emissions and produce nearly little pollution because they will not have an internal combustion engine. The use of electric vehicles on a wide scale can help to minimize reliance on fossil fuels by converting electricity from renewable sources like solar, water, and wind power.
The China market dominated the Asia Pacific Electric Vehicle Infotainment Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $741.9 million by 2028. The Japan market is anticipated to grow at a CAGR of 35.1% during (2022 - 2028). Additionally, The Taiwan market would showcase a CAGR of 37.1% during (2022 - 2028).
Based on End-use, the market is segmented into Battery Electric Vehicle (BEV) and Hybrid Electric Vehicle (HEV). Based on Connectivity Type, the market is segmented into Wireless, Bluetooth, Cellular, and Wired. Based on System Type, the market is segmented into Multimedia, Navigation Unit, Communication Unit, Rear Seat Entertainment, and Heads-up Display. Based on countries, the market is segmented into China, Japan, Taiwan, India, South Korea, Singapore, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Alps Alpine Co., Ltd., Continental AG, Denso Corporation, Harman International Industries, Inc. (Samsung Electronics Co., Ltd.), General Motor Co., Ford Motor Company, Volkswagen AG, Garmin Ltd., Panasonic Corporation, and Pioneer Corporation.
Scope of the Study
Market Segments Covered in the Report:
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
By Connectivity Type
By System Type
- Navigation Unit
- Communication Unit
- Rear Seat Entertainment
- Heads-up Display
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Alps Alpine Co., Ltd.
- Continental AG
- Denso Corporation
- Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)
- General Motor Co.
- Ford Motor Company
- Volkswagen AG
- Garmin Ltd.
- Panasonic Corporation
- Pioneer Corporation
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