The Infotainment Market Size is expected to hold USD 44.73 billion by 2027, with a CAGR of 8.51% from 2021 to 2027. In 2020, the market registered USD 23.47 billion. The world is going towards digitalization, and the automotive industry is also trying to improve and lead to the market's growth. During the COVID 19the, the logistic industry and manufacturing companies were halted, negatively affecting the Infotainment Market Size.
Increasing driver assistant systems demand for
entertainment in the cars are propelling the Infotainment Market Size. The
rising growth of the self-service application voice sensing technology creates
many opportunities for the market. Difficulties in recognizing bilingual
commands and hands-free actions hinder market growth. High cost and long
product life are the challenges the market faces to attain the required growth.
The automobile industry is developing more and more due to the innovative
multi-media Infotainment into their automobiles.
Infotainment is described as the
amalgamation of car systems used to provide information and entertainment to
the passenger. The driver by audio and video interfaces control system systems
like touch screen displays, voice commands, button panels, etc. Infotainment is
growing rapidly globally in the technology industry as almost all automobiles
consist of infotainment for entertainment.
The Infotainment also allows connecting to
personal navigation systems and smartphones. The mobile industry continuously
develops and improves many things for better connectivity solutions. The
manufacturers are focusing on developing newer features in Infotainment to make
it more entertaining for the market. The newer technology of Infotainment gets
connected to smartphones, ADAS systems, sensors and several other devices.
Infotainment Market segmentation
The Infotainment Market Size is segmented into operating systems. The operating
segment is bifurcated into Linux, QNX Microsoft and others. The QNX segment
holds the largest market value due to the flexibility and assistance in
developing different Infotainment systems to be in the same position with the
increasing advancement of technology. Due to the OS and open source
availability, the Linux segment is also growing, and it will provide
cost-saving advantages, and easy availability propels the market. The presence
of different suppliers at every level in software boosts the growth. The
Microsoft segment is growing significantly due to the suppliers like Ford,
Nissan and others.
Infotainment Market Key Players
·
Continental AG
(Germany)
·
Alpine
Electronics Inc. (Japan)
·
Harman
International (US)
·
Pioneer
Electronics (US)
·
Panasonic
Corporation (Japan)
·
DENSO
Corporation (Japan)
·
Garmin Ltd.
(Switzerland)
·
Delphi
Automotive PLC (UK)
·
KENWOOD
Corporation (Japan)
·
ALLGo Embedded
Systems Pvt. Ltd. (India)
Infotainment Market Regional
analysis
The Infotainment
Market Size is studied in North
America, Europe, Asia Pacific and other parts of the world. North America is
dominating the market due to the growing economy more investment made by the
government for the automotive industry. The rising passenger cars,
technological advancement, and several innovative Infotainment products propel
the market.
The growing GDP, emerging economics, and
increasing per capita income have formed scope for the automotive industry. The
increasing automotive industries in the eurp[ena] make the region register
significant growth during the forecast period. The demand for luxury vehicles
contributes to the region's growth factor. Other regions will also focus on the
market's growth in the forecast period.
Infotainment Market Industry news
Sony and honda are recombining to launch a
line of high-tech battery-electric vehicles that redefines mobility.
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