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Automotive Infotainment Systems Market 2019 Detailed Research on Market Size, Share | Revenue, Trends, Price, Gross Margin, Profit, and Forecast to 2024 | Industry Research.co

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Automotive Infotainment Systems

Automotive Infotainment Systems Market” report 2019-2024 provides detailed summary of company competition, market demand, regional forecast, marketing price and new investment feasibility analysis is included of Automotive Infotainment Systems market. It also covers approximate CAGR, key-players, scope of the report, regional analysis, major market factors of Automotive Infotainment Systems market, reasons of buying this report and complete TOC of report.

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There are 4 key segments covered in this Automotive Infotainment Systems Systems Market report:

  • Competitor segment
  • Product type segment
  • End-use/application segment
  • Geography segment

Market Overview:

  • The global Automotive Infotainment Systems Market is expected to grow at a CAGR of 12.29%, during the forecast period, 2019-2024.
  • Some of the major factors driving the growth of the market are rising demand in mobility services (such as ride sharing or taxi services), growing demand for luxury cars, especially in emerging markets like India, and increasing focus towards comfort, convenience, and safety. However, the rise in the number of accidents due to drivers distraction may hinder the growth of the market.
  • Automakers are strongly competing to deploy advanced infotainment system for their upcoming vehicle models during the forecast period. For instance, Mitsubishi Motors Corporation, Nissan Motor Co. Ltd., and Groupe Renault decided to adopt Google Inc.’s Android operating system (OS) for their next-generation infotainment systems from 2021. Additionally, in Japan, Toyota Motor Corporation added software applications, like Line to its T-Connect infotainment system, starting from the new Crown model in 2018.
  • North America and Europe had covered a major share of more than 40% in rear seat infotainment system in 2018, owing to its deployment in luxury cars, as well as semi-autonomous vehicles sales (https://www.industryresearch.co/automotive-infotainment-systems-market-growth-trends-and-forecast-2019-2024–14275314-L3). However, during the forecast period, Asia-Pacific is likely to see an increase in the demand for the rear seat infotainment system, majorly from mobility service vehicles.

    Automotive Infotainment Systems Market by Key Players:

  • Denso Corporation
  • Robert Bosch GmbH
  • Continental AG
  • Harman International Industries Inc.
  • Magnetic Marelli S.p.A
  • Kenwood Corporation
  • Alpine Electronics
  • Inc.
  • Mitsubishi Electric Corporation
  • Visteon Corporation
  • Pioneer Corporation
  • Aptiv PLC

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    Scope of the Report:

  • The automotive infotainment system or in-vehicle infotainment system refers to the vehicle systems that combine entertainment and information delivery for both drivers and passengers. These systems typically use audio and video interface, touchscreens, and keypads.
  • The global automotive infotainment system market has been segmented by installation type and vehicle type.
  • Key Market Trends:

    Increasing Demand for Rear Seat Infotainment Systems

    The demand for rear-seat infotainment systems has increased over the past three years. Earlier rear-seat infotainment systems were used only in luxury cars. Thus, to sustain in the highly competitive taxi industry, the taxi firms started incorporating innovative products and services; to offer the best service to their customers. Currently, an infotainment system is one of the trending services deployed by taxi firms.

    – In February 2018, Samsung Electronics signed a strategic cooperation agreement with Southeast Asian largest car-hailing firm, Grab, where the former company will supply its car infotainment system to Grab’s taxis.

    In addition to this, the growing trend of autonomous vehicles has made automakers to not only focus on driver assistance systems but also on the infotainment systems, including rear seat infotainment system. Audi A8 is the world’s first level 3 autonomous driving vehicle to go into production, which features a new rear seat infotainment system developed by NVIDIA.

    Additionally, in North America and Europe, 2018 and 2019 vehicle models from GM, Ford, and Mazda are and will be equipped with VOXX automotive’s evolution series (EVO) rear seat infotainment system. The system will be using the advanced multimedia framework from Cinemo technologies, which creates a systematic process for indexing, aggregating, searching, streaming, and playing multimedia content.

    Even, emerging markets like India have been witnessing automotive players entering into the rear-seat infotainment system. For instance, in 2018, Blaupunkt, car infotainment supplier entered into the rear seat infotainment system with the launch of its BP RSE AD 10.1. This rear seat monitor is ultra-thin and runs Android on 4.4.4 OS with a QUAD CORE processor and features a capacitive touch screen and built-in Wi-Fi.

    Thus, based on the aforementioned developments, the demand for rear-seat infotainment systems is expected to increase during the forecast period.

    China driving the Asia-Pacific Market

    Among Asia Pacific countries, China occupied more than 50% of the Asia-Pacific automotive industry, owing to its highest vehicle sales over the past decade. The country is anticipated to continue to see positive vehicle sales during the forecast period, owing to the growing focusing on new energy vehicles (NEV) among automakers.

    The shift from simple audio systems to touchscreen infotainment systems that support multiple features such as navigation, Apple CarPlay, Android Auto, Telematics, etc. are driving the demand for infotainment systems in the country.

    Earlier, the infotainment system in a vehicle was offered only on the top spec trim. But now, OEMs are offering infotainment systems even in the mid and entry-level trims. Additionally, the road infrastructure in China is developing and thus, navigation has become a must-have feature in almost all teh vehicles.

    CHJ Automotive, an electric vehicle manufacturer in China, launched ONE, a smart electric luxury SUV. The vehicle is equipped with a four-screen infotainment system, including a smart voice system. The ONE features a dual-chip system and a dual-system structure and is equipped with a Qualcomm Xiao Long 820A-class chip and has an Android Automotive compatible system.

    BAIC Yinxiang Automobile Co. Ltd. has collaborated with ADAYO (a subsidiary of Foryou Corporation). ADAYO specializes in the design and development of vehicle infotainment systems, Beidou, GPS, and GLONASS (single-or dual-mode) navigation systems, and driver assistance systems. This partnership will build new platforms for BAIC Yinxiang’s second product restructure to realize a platform production mode and to improve intelligent vehicle manufacturing.

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    Automotive Infotainment Systems Market Covers Following Points in TOC:

    • Chapter 1: Automotive Infotainment Systems Market Definition
    • Chapter 2: Research Methodology of Automotive Infotainment Systems Market
    • Chapter 3: Automotive Infotainment Systems Market Executive Summary
    • Chapter 4: Automotive Infotainment Systems Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
    • Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
    • Chapter 6: Automotive Infotainment Systems Market Segmentation by Types, End-User, and Applications Forecast to 2024
    • Chapter 7: Automotive Infotainment Systems Market Segmentation by Geographical Regions
    • Chapter 8: Competitive Landscape of Automotive Infotainment Systems Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
    • Chapter 9: Key Players for Automotive Infotainment Systems Market

    Report PageAutomotive Infotainment Systems Market – Growth, Trends, and Forecast (2019 – 2024)

     

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