According to a new report Global In-Vehicle Infotainment Market, published by KBV research, The Global In-Vehicle Infotainment Market size is expected to reach $42.7 billion by 2025, rising at a market growth of 10.3% CAGR during the forecast period. The global automotive infotainment market is also propelled by the increasing demand from manufacturers for highly advanced head systems in lower-priced car models. Demand for cheaper, smaller, compact cars is on the increase with growing traffic and increased fuel prices. However, with the sudden break of covid-19, the suppliers and consumers of the products & Services are affected in a big way.
Passenger cars dominated the market and would sustain this trend over the forecast period as well. This would lead to an increase in the sales of passenger cars compared to commercial vehicles worldwide.
Aftermarket providers of in-car infotainment systems deliver these products at cheaper prices and, as a result, demand for aftermarket systems is projected to rise over the forecast period. The use of aftermarket systems is also expected to increase as aftermarket systems can be tailored according to the user's choices. In addition, aftermarket suppliers of in-car infotainment connect themselves with manufacturing firms to introduce technologies to their established products.
Asia Pacific is expected to be the largest in-vehicle infotainment market. The rising demand for convenience, luxury, high-end information and entertainment services and government safety and security regulations will drive the in-vehicle infotainment market in this region. North America is home to key market players and therefore the region has taken the lead in designing and implementing innovative in-car infotainment systems. The growing demand for voice recognition and driver distraction systems is anticipated to drive the growth of the regional market.
Structural Insights: https://www.kbvresearch.com/in-vehicle-infotainment-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Garmin Ltd., Samsung Electronics Co., Ltd. (Samsung Group), Panasonic Corporation, Robert Bosch GmbH, Mitsubishi Electric Corporation, TomTom N.V., Denso Corporation, Faurecia SA (Clarion Co., Ltd.), Pioneer Corporation, and Alps Alpine Co., Ltd.
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Companies Profiled
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