Global Automotive Infotainment Market

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 News

  • In February 2024, L&T Technology Services collaborated with Marelli, a prominent mobility technology supplier in the automotive sector, to revolutionize automotive infotainment and information cluster design. This partnership aims to introduce Marelli's innovative Digital Twin solutions, which are set to redefine the automotive landscape. 
  • In February 2024, Legible Inc., a prominent digital book infotainment platform, unveiled an exciting distribution agreement with HARMAN Automotive. HARMAN Automotive is the proprietor of the global HARMAN Ignite Android Automotive Operating System app store, catering to renowned car brands worldwide.
  • In January 2024, Samsung Electronics and Hyundai Motor Group, prominent leaders in chips and automobiles in South Korea, revealed a strategic collaboration focused on bolstering connectivity. The partnership aims to integrate Samsung’s SmartThings platform to support Hyundai Motor and Kia’s connected cars, encompassing electric vehicles as well.
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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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