The in-vehicle infotainment market, by value, is projected to grow at a CAGR of 11.79% from 2017 to 2022, to reach USD 30.47 billion by 2022. The key factors driving the market growth include increasing penetration of infotainment systems in low to mid-segment vehicles, safety and security concerns, and government regulations.
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The rapid growth of the electric vehicles market is also expected to boost the demand for in-vehicle infotainment systems as these systems are offered as standard equipment in most of the electric cars.
On the other hand, the major factors hindering the market growth of in-vehicle infotainment systems are the high cost of infotainment units and availability of low-cost aftermarket alternatives.
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The market for embedded infotainment units is projected to grow at the highest CAGR, in terms of value, during the forecast period. The increasing demand for in-built navigation and software as well as growing concerns about cyber security are the main growth drivers for the embedded infotainment market.
The infotainment unit is the most expensive component of the in-vehicle infotainment system. As a result, the infotainment unit is estimated to be the largest market in the in-vehicle infotainment market, by component.
The growth can be attributed to the high penetration level of infotainment units in developed regions as well as increasing penetration in developing regions.
Europe is estimated to see the fastest growth of the in-vehicle infotainment market, in terms of value. This growth is primarily driven by the telematics mandates of the European Union, which make it mandatory for car makers to install the telematics control unit in all passenger cars from 2018.
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Key Points From Table Of Content:
15 Company Profile
(Company Overview, Strength of Product Portfolio, Product Offerings, Business Strategy Excellence, Recent Developments)*
15.1 Alpine Electronics Inc.
15.2 Garmin Ltd.
15.3 Pioneer Corporation
15.4 Harman International
15.5 Panasonic Corporation
15.7 Tomtom International BV
15.8 Mitsubishi Electric Corporation
15.9 Continental AG
15.10 Robert Bosch GmbH
15.11 Delphi Automotive LLP
15.12 Denso Corporation
15.13 Visteon Corporation
15.14 Jvckenwood Corporation
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The in-vehicle infotainment market is segmented by component (infotainment unit, control panel, head-up display, and Telematics control unit), form factor (embedded, tethered, and integrated), vehicle type (passenger car, LCV, and HCV), alternate fuel vehicles (BEV, HEV, and PHEV), services (entertainment services, navigation services, e-call services, vehicle diagnostic services, and other services), Operating system (Linux, QNX, Windows, and Others), and connectivity (3G, 4G, 5G, Bluetooth, and Wi-Fi).
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