What is the global market size of Automotive Infotainment Market?

Automotive Infotainment Market size was valued at around USD 6.76 billion in 2021 and is expected to rise from USD 7.42 billion in 2022 to reach a value of USD 15.55 Billion by 2030, at a CAGR of 9.7% over the forecast period (2022–2030).

Automotive Infotainment Market Size, Share, Growth Analysis, By Product Type(Audio unit, Display unit), By Fit Type(OE Fitted, and Aftermarket), By Vehicle Type(Passenger Cars, and Commercial Vehicles) - Industry Forecast 2024-2031

Report ID: SQMIG25A2137 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 90 | Figures: 76

Automotive Infotainment Market Dynamics

Automotive Infotainment Market Drivers

Increasing Demand for in-car Entertainment

One of the primary drivers of the automotive infotainment market is the increasing demand for in-car entertainment systems. Consumers are looking for in-car entertainment systems that can offer them high-quality audio and video experiences, seamless connectivity, and user-friendly interfaces.

Automotive Infotainment Market Restraints

High Cost of Advanced Infotainment Systems

One of the major restraints for the automotive infotainment market is the high cost of advanced infotainment systems. The cost of developing and implementing advanced technologies, such as AI and AR, is high, which makes these systems expensive for many consumers.

Automotive Infotainment Market Report Snapshots

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Automotive Infotainment Market size was valued at around USD 7.42 billion in 2022 and is expected to rise from USD 8.14 billion in 2023 to reach a value of USD 17.07 billion by 2031, at a CAGR of 9.7% over the forecast period (2024–2031).

The major companies offer a wide variety of goods, such as display units, communication components, navigation units, head-up displays, etc. To expand their presence in the market internationally, strategic actions are performed such as mergers and acquisitions, collaborations, and product launches. 'Harman International Industries Inc.', 'Panasonic Corporation', 'Pioneer Corporation', 'Clarion Co. Ltd.', 'Alpine Electronics Inc.', 'Delphi Technologies', 'TomTom NV', 'Garmin Ltd.', 'Mitsubishi Electric Corporation', 'JVCKENWOOD Corporation', 'Denso Corporation', 'Continental AG', 'Visteon Corporation', 'Sony Corporation', 'FCA Group', 'General Motors Company', 'BMW AG', 'Ford Motor Company', 'Hyundai Motor Company', 'Volkswagen AG.'

One of the primary drivers of the automotive infotainment market is the increasing demand for in-car entertainment systems. Consumers are looking for in-car entertainment systems that can offer them high-quality audio and video experiences, seamless connectivity, and user-friendly interfaces.

Increasing demand for connected cars: With the growing popularity of connected cars, the demand for advanced infotainment systems is also increasing. Automotive manufacturers are increasingly focusing on developing connected cars that offer seamless integration with various entertainment and communication services.

Growth in the Asia-Pacific region is forecast to increase by 11.3% throughout the projection period. The rise in demand for automotive entertainment systems is due to the region's expanding middle class. Customers favor solutions based on augmented reality technology because they are effective, which is driving the growth of in-car infotainment systems in the field.

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Automotive Infotainment Market Size, Share, Growth Analysis, By Product Type(Audio unit, Display unit), By Fit Type(OE Fitted, and Aftermarket), By Vehicle Type(Passenger Cars, and Commercial Vehicles) - Industry Forecast 2024-2031

Automotive Infotainment Market Dynamics

Automotive Infotainment Market Report Snapshots

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