LAMEA 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 Latin America, Middle East and Africa Electric Vehicle Infotainment Market would witness market growth of 38.4% CAGR during the forecast period (2022-2028).
Consumer demand for EV infotainment is being driven by the increasing deployment of passenger & commercial electric vehicles (EV). The rising need for GPS navigation-enabled infotainment systems is also fueling market expansion. The system will help foster traffic monitoring, mapping, and location tracking functions, enhancing the infotainment system's functionality. Another factor driving market growth is the rising use of wireless connectivity only with the EV infotainment system at a minimal price. In addition, manufacturers are including integrated centre stacks in their electric vehicles to improve control and engagement.
Increased interest in electric vehicles in recent years has resulted in high demand for the infotainment system. The infotainment system improves passenger safety, while the embedded navigation system delivers real-time traffic reports and the smartphone syncing feature allows for quick access to music streaming and calling apps. The big infotainment companies are releasing technologies targeted at improving the user experience. The market's expansion is being fueled by the manufacturers' ongoing improvements in their product offerings. Continental AG, for example, supplies the components that make the new BMW iX such a pleasurable and improved driving experience.
The Dubai Electricity and Water Authority (DEWA) has unveiled the EV Green Charger initiative, which will provide a network of electric vehicle charging stations throughout the city. This model covers Dubai's initiatives to advance sustainable and innovative transportation solutions, lowering carbon emissions in the transportation industry, as part of the Dubai Green Mobility Strategy 2030. As a result of DEWA's continuing expansion of this initiative and the launch of its free-charging incentive, the total number electric vehicles in Dubai have risen.
DEWA is also aiding Dubai in achieving Directive No. 2 of 2020, which requires the Emirate to expand the number of hybrid electric vehicles in its fleet by establishing charging stations and obtaining electric vehicles around the Emirate. By the end of February 2021, the number of registered electric vehicles in Dubai had risen to 2,473 electric vehicles and 6,016 hybrid vehicles. The total amount of green vehicles registered in Dubai now stands at 8,489 units. Through March 31, 2021, Dubai's government entities had 258 electric vehicles, 2,653 hybrids, and 3,210 consumers who benefited from the EV Green Charger scheme.
The Brazil market dominated the LAMEA Electric Vehicle Infotainment Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $144.6 million by 2028. The Argentina market is estimated to grow at a CAGR of 39.2% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 38.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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