Pune, April 23, 2020 (GLOBE NEWSWIRE) -- The automotive infotainment market size is predicted to reach USD 20.05 billion by 2026, exhibiting a CAGR of 6.8% during the forecast period. The rising shift towards enhanced in-vehicle experience will augment the healthy growth of the automotive infotainment market revenue during the forecast period.
The efforts of the automotive manufacturer for adding new features and infotainment solutions to provide ease and comfort in driving will boost the market growth of automotive infotainment in the forthcoming years. Besides, the rising integration of V2X connectivity solutions, ADAS systems, telematics devices, sensors, and others in automotive will have a positive impact on the automotive infotainment market share in the foreseeable future.
According to the report, published by Fortune Business Insights, titled “Automotive Infotainment Market Size, Share & Industry Analysis, By System Type (Dashboard, Rear Seat), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicle), By Market Type (OEMs, aftermarket), and Regional Forecasts, 2019-2026” the market size stood at USD 11.94 billion in 2018.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
To get the short-term and long-term impact of COVID-19 on the automotive infotainment market, Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/automotive-infotainment-market-102676
The report is fixed at delivering a comprehensive description of the automotive infotainment market dynamics and structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence. It offers PORTER’s analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases what procedures and strategies; companies are currently implementing in the infotainment market. It further examines the ways and components convincing expansion, growth patterns, restricting factors, and market strategies.
Market Driver:
Innovation in Navigation Systems to Promote Market Growth
The increasing production of technologically advanced infotainment systems in automobiles owing to the necessity for safe and smart vehicles will enable speedy growth of the market in the forthcoming years. The rising emphasis on improved in-vehicle experience will spur opportunities for the market. For instance, the innovative and advanced infotainment systems are equipped with pre-trip planning, parking recommendations, predictive navigations,cloud-enabling syncing, and other important features.
The rising popularity of smartphone connectivity in cars will fuel demand for advanced infotainment systems. For instance, smartphones can be paired with the infotainment system using WiFi hotspot or Bluetooth connectivity, allowing the user to access features such as outgoing, incoming, and conference calls on the system. Moreover, the growing improvement and advancement in navigation systems such as voice command, touch screen GPS navigator, maps and directions clarity, driver alert, and user-friendly features will contribute positively to the automotive infotainment market trends.
Browse Summary of this Research Insights with Detailed TOC: https://www.fortunebusinessinsights.com/automotive-infotainment-market-102676
Lists of Key Companies in the Automotive Infotainment Market Report Includes;
- MMI navigation
- Harman International Industries Inc.
- Visteon Corporation
- Denso Corporation
- Robert Bosch GmbH
- Aptiv PLC
- Alpine Electronics
- Pioneer Corporation
- Panasonic Corporation
- Mitsubishi Electric Corporation
- Samsung Electronics
Regional Analysis:
High Adoption of Electric Vehicles to Stimulate Growth in Asia Pacific
The market in Asia Pacific stood at USD 6.36 billion and is expected to witness a high growth rate during the forecast period owing to the high automotive sales in the region. The growth in the region is also attributed to the rising adoption of electric vehicles in China and Japan. The growing government implications and initiatives for electric vehicles will aid the market in the region.
The rapid technological advancements in manufacturing facilities in emerging regions such as China, India will have a positive influence on the market. Europe is predicted to hold the second-largest share in the market owing to the presence of major car brands. The rising shift from conventional cars to hybrid cars will bolster the healthy growth of the market during the forecast period. The market in North America is predicted to observe healthy growth during the forecast period owing to the presence of major automotive manufacturers in the region.
Quick Buy - Automotive Infotainment Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102676
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Merger, Acquisitions, and Partnerships
- Distributor Analysis – For Major Players
- Growth and Penetration Analysis
- Porter’s Five Forces Analysis
- PEST Analysis
- Vendor Landscape
- Global Automotive Infotainment market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By System Type
- 5.3.1. Dashboard
- 5.3.2. Rear Seat
- Market Analysis, Insights and Forecast – By Market Type
- OEM
- Aftermarket
- Market Analysis, Insights and Forecast – By Vehicle Type
- PC
- LCV
- HCV
- EV
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- Rest of the World
- Market Analysis, Insights and Forecast – By Market Type
TOC Continued….!
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/automotive-infotainment-market-102676
Key Industry Development:
2019: Acura, unveiled new infotainment with a 10.2-inch screen and a "True Touchpad Interface," in its newest RDX crossover, which uses a touch-sensitive pad on the center console. Currently, it only offers Apple CarPlay, but Android Auto support will be soon integrated.
Have a Look at Related Research Insights:
Connected Car Market Size, Share & Industry Analysis, By Service(mobility, telematics, infotainment, driver assistance), By Connectivity (embedded, tethered, integrated), By Vehicle (passenger car, light commercial vehicle, heavy commercial vehicle), and Regional Forecasts, 2019-2026
Automotive Electronic Control Unit Market Size, Share & Industry Analysis, By Application (Powertrain, Braking Systems, Body Electronics, ADAS, Infotainment), By Vehicle (Passenger, LCV, HCV, Electric Vehicle), and Regional Forecasts, 2019-2025
Automotive Power Electronics Market Size, Share & Industry Analysis, By Electric Vehicle Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV)), By Application (Chassis & Powertrain, Infotainment & Telematics, Body Electronics), By Component Type (Microcontroller Unit, Power Integrated Unit), By Vehicle Type (Passenger cars, Commercial Vehicles) Others and Regional Forecast, 2019-2026
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
Linkedin | Twitter | Blogs
Read Press Release: https://www.fortunebusinessinsights.com/press-release/automotive-infotainment-market-9813