Automotive Infotainment Market Size, Growth Revenue Analysis 2021 – 2030

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The Automotive Infotainment Market size is expected to be worth around US$ 20.7 billion by 2030 from valued at US$ 10.8 billion in 2020, growing at a CAGR of 11.7% during the forecast period 2021 to 2030.

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Growth Factors

The increasing demand for technology, automotive cockpit electronics, and advanced safety features such as advanced driver assistance systems is anticipated to drive the growth. The growing demand for enhanced in-vehicle experience and shifting consumer buying behavior and the worldwide expansion of the luxury and premium car segments are also likely to fuel the growth of the market.

The growing number of millennials opting for small and medium-sized cars is expected to boost the growth of the market growth. Furthermore, consumers are inclined to buy these cars, compared to premium cars, owing to their cost-effectiveness. In addition to this, the introduction of medium-sized SUVs has further encouraged the market growth as consumers can buy a bigger-sized vehicle at a lower cost.

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Report Highlights

The communication unit segment accounted for the largest share of around 28% of the overall market volume in 2020. Communication units have become reliable due to the introduction of the 4G LTE network, which allows advanced onboard features such as hands-free calling, 3D navigation, media streaming, and satellite radio.

The head-up display segment is projected to expand at a CAGR of over 10.5% over the forecast period. A head-up display is a transparent display that displays information directly in the driver’s line of sight.

The OE fitted segment accounted for the largest revenue share of around 72% of the overall market in 2020. OE fitted products are expensive and present less scope of customization as they are standardized. They can be procured through authorized dealers and distributors.

The aftermarket segment is expected to expand at a CAGR exceeding 6% from 2021 to 2030. Aftermarket suppliers of automotive infotainment systems offer these products at a low cost and this is expected to enhance the demand for aftermarket systems.

The commercial vehicles segment is projected to register a CAGR of over 11.8% over the forecast period. The increasing demand for commercial vehicles and the growing focus of automotive companies on including vehicle-to-vehicle communications in vehicles for fleet management are expected to boost the demand for automotive infotainment solutions, thus propelling the segment growth.

The Asia Pacific region accounted for the largest revenue share of the overall market in 2020. It is anticipated to continue to dominate over the forecast period with a CAGR exceeding 12.2%. This growth can be attributed to the growing sales and production of passenger cars in the region.

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Key Players

  • Alpine Electronics
  • Clarion Co., Ltd.
  • Continental AG
  • Delphi Automotive PLC
  • Denso Corporation
  • Harman International
  • JVC KENWOOD Corporation
  • Panasonic Corporation
  • Pioneer Corporation
  • Visteon Corporation

Market Segmentation

  • Product Type
    • Audio Unit
    • Display Unit
    • Heads-Up Display
    • Navigation Unit
    • Communication Unit
  • Fit Type
    • OE Fitted
    • Aftermarket
  • Vehicle Type
    • Passenger Cars
    • Commercial Vehicles
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • Spain
    • Asia Pacific
      • China
      • Japan
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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