2nd April 2020 – Global Automotive
Infotainment Systems Market report offers the latest industry trends,
technological alteration and forecast data. A deep-dive view of Automotive
Infotainment Systems industry based on its size, growth, development plans, and
opportunities is offered by this report. The forecast information, SWOT
analysis, Automotive Infotainment Systems barriers, and feasibility study are
the vital aspects evaluated in this report.
Synopsis:
The scope of the global Automotive
Infotainment Systems Market was appreciated by US$ 15.20 billion in 2016 and it
is likely to reach US$ 37.62 billion during the forecast period. The increasing
demand for systems that can provide entertainment, accessibility comprising
live audio streaming, on-demand music, combination of smart phone, along with a
number of additional entertaining facilities and comfort within the car, is
estimated to motivate the development of the automotive infotainment market.
The manufacturers of the automobiles are also gradually integrating such type
of systems in their automobiles having understood that such type of features can
gladly motivate the purchasing decision of the customer.
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Main features of the report:
·
To provide detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of the global Automotive Infotainment Systems Market.
·
A complete backdrop analysis,
which includes an assessment of the parent market
·
Important changes in market
dynamics
·
Market segmentation up to the
second or third level
·
To provide country level
analysis of the market for segment by application, product type and
sub-segments.
·
To provide strategic profiling
of key players in the market, comprehensively analyzing their core
competencies, and drawing a competitive landscape for the market.
·
Track and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments in the
global Automotive Infotainment Systems Market.
·
Emerging niche segments and
regional markets
·
An objective assessment of the
trajectory of the industry.
Drivers:
The increasing stages of per head
earnings in developing nations, mainly in Asia Pacific, are letting customers
expend on luxury and top-class cars furnished by these systems. Progress in
technology has furthermore steered the introduction to instinctive touchscreen,
cutting-edge graphical user interfaces, vocal sound recognition, and additional
amenities in these systems. Entirely such developments have potential for the
development during the period of forecast.
Additional features motivating the
acceptance of these systems consist of smartphone connectivity, both over Wi-Fi
or Bluetooth, which permits customers to access messages and additional
information and makes it easier to work on the move. Furthermore, consumers can
furthermore modify these systems consistent with their necessities and
selections. This is also funding the acceptance of these systems. Over and
above this, the capability of these systems to access cloud centered services
and deliver unified connectivity and distant access to playlists and streaming
of video is also motivating the demand for these systems.
A competition amongst OE fitted and
aftermarket products is a specific high spot because the suppliers of OE fitted
products emphasis on the quality whereas suppliers of aftermarket products
mainly concentrated on the price. Per se, the demand for OE products is
projected to be great in industrialized nations, whereas the aftermarket
products would be mainly in demand in developing nations of Asia Pacific, where
the choice of infotainment systems is constructed on the price.
Regional Lookout:
By Region the global automotive
infotainment market can be classified as North America, Europe, Asia Pacific,
and South America. North America generated maximum revenue of US$ 5,723.1
million in 2018. North America is home to the important business participants
and therefore the area is in leading position in the development and
application of innovative automotive infotainment systems. The increasing
inclination toward vocal sound recognition methods and driver distraction mitigation
systems is estimated to motivate the development. The increasing end-users’
liking for HD in-dash display monitors is the additional obvious tendency that
has been holding up in the local market.
The Asia Pacific is expected to develop
at the maximum percentage during the period of forecast. The increasing stages
of per head earnings of the customers are mainly letting them purchase
passenger cars having modern facilities. The increasing sales of top-class cars
in China are mainly estimated to add to the development of the local Asia
Pacific’s market. Additionally, growing acceptance of smartphones together with
the increasing demand for automotive infotainment systems with the combination
of smartphone technology is projected to motivate the development during the
period of forecast.
Companies:
At present, the automotive infotainment
systems market is extremely disjointed in nature. A number of medium and small
sized companies are trying to build up their position, by way of launching
reasonably priced aftermarket systems. Accordingly, it has started observing
strong competition amongst suppliers of OE fixed systems and suppliers of
aftermarket systems.
Some of the important companies
for automotive infotainment industry are Delphi Automotive PLC, Clarion
Corporation, Pioneer Corporation, Panasonic Corporation, Harman International,
JVC KENWOOD Corporation, Visteon Corporation, Denso Corporation, Alpine
Electronics, Garmin, and Continental AG.
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