The value of In-Carinfotainment Market is $11.94 billion and theCAGR estimated percentage is around 7%
The reason backed with this estimation is becauseof an immense increase in the driver's concern towards the driving. In order to
maintain the safety there's a proper navigation system in the car. Infotainment
systems also secured the safety of the vehicle by providing real-time
footage of the environment, which helps to guide in parking where visuals are
displayed on the LCD screen.
This system provides a virtual personal assistantwith active audio commands to the drivers. Here, the drivers can connect one
vehicle to the other vehicle through an internet connection that will ensure
safety. Another interesting part of this system is, it is a source of
entertainment to the passengers in the form of music & videos.
Considering the period of Covid-19, the automobileindustry of the European automobile manufacturers had been badly
impacted.
Regional analysis
The regions or In-Carinfotainment Market, are North America, Europe,Asia-Pacific, and the rest of the world. The maximum amount of market share in
this market is expected to be in Europe. This could be seen because of an
increase in the demand for in-car infotainment in the automobile industry of
Europe. The reason behind the increase in the demand is because the European
Union has made telematics control mandatory in automobiles mainly in passenger
cars.
North America is expected to register forthe automotive infotainment system market, because key players like Ford motors
are collaborating with big players such as Amazon to make new developments in
the infotainment systems.
In addition to this, Asia-Pacific too would berising, which can be stated by looking at an increase in the demand for luxury
cars.
Market Segmentation
The In-Car infotainment Market has been segmentedinto 4 segments. They are based on component, vehicle type, connectivity
& installation. These segments had been further Segmented into
sub-segments.
Based on component, it is segmented into hardware& software, On the basis of vehicle type, it is divided as Passenger
Cars, Light Commercial Vehicles & Heavy Commercial Vehicles. Based on the
connectivity, it is splitted as V2 V, miMobile & voice control.
Furthermore, by distribution based on installation, it is divided into Oem
& Aftermarket.
Key Players
The dominant Players of In-Car infotainment Marketare played by 4 countries i.e Germany, US, japan & UK. From
those 4 above named countries the major key players are from the US then
followed by Japan, Germany & UK.
The name of the countries prominent players ofthis market are as follows Volkswagen Group (Germany),Ford Motor (US), General
Motors Company (US), Harman International Industries (US), Denso Corporation
(Japan), Fujitsu Ten Limited (Japan), Visteon Corporation (U.S.), Panasonic
Corporation (Japan), BMW (Germany), Delphi Automotive (UK), Apple Inc (US).
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