The North America Electric Vehicle Infotainment Market would witness market growth of 34.2% CAGR during the forecast period (2022-2028).
Cloud technology is revolutionising businesses across industries, and the automobile industry is using it to provide a premium experience for electric vehicle owners. Volvo, for example, is relying on Qualcomm and Google's new products to power the entertainment system of its electric SUV. Qualcomm's Snapdragon digital chassis, the cloud platform which analyses data from the vehicle for better display, navigation, audio, and networking, would be used by the automaker. To improve the customer experience, the cloud platform also allows wifi and bluetooth connectivity. The electric SUVs would have the Google Assistant function, which would work with all Google apps, thanks to Google's Android automotive operating system.
Miniaturized connectors and lightweight fibre optics are standard features in today's modern entertainment systems. Embedded antennae for 5G connectivity, and also multi-function sensors for data acquisition and use, are included into the more future-ready devices. Engineers may develop high-bandwidth, everyday infotainment systems using these types of electronic components.
EV sales have increased significantly in recent years in Canada, the United States, and other countries, despite still being a small percentage of total vehicle purchases. As per the International Energy Agency, there were 665,000 electric vehicles on the road worldwide at the end of 2014, up from 180,000 in 2012. According to the latest available data, electric vehicles presently account for 0.28 percent of Canada's light-duty vehicle market. Despite the fact that EV technology has been around for a while, industry insiders feel that consumers are unaware of the possibilities of EVs in comparison to traditional automobiles powered by an internal combustion engine (ICE). As a result, greater education and public awareness efforts are projected to be required in order for EVs to be a more appealing option for several customers.
Transport Canada launched a pan-Canadian electric car rebate programme in May 2019, providing a $5,000 rebate toward the newly bought electric vehicle. Electric vehicle sales in Canada increased in the second quarter of 2019. Nevertheless, the increased sales rate did not last into the second quarter in any of the markets, showing that the lower incentive amount may have a shorter or more temporary effect than the $10,000 incentive formerly provided in Ontario. After an early surge in the second quarter of 2019, EV sales in those other Canadian markets with governmental incentive programmes climbed marginally.
The US market dominated the North America Electric Vehicle Infotainment Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,576.9 million by 2028. The Canada market is experiencing a CAGR of 37.2% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 36% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Electric Vehicle Infotainment Market is Predict to reach $8.4 Billion by 2028, at a CAGR of 34.8%
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.
By End-use
By Connectivity Type
By System Type
By Country
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