In-Vehicle Infotainment Market

Global In-Vehicle Infotainment Market Size

The global in-vehicle infotainment market size is expected to reach USD 26.98 billion in 2024 and is anticipated to reach a valuation of USD 29.87 billion in 2025 from USD 67.46 billion by 2033, growing at a CAGR of 10.72% during the forecast period from 2025 to 2033.

The infotainment framework will fill in as the vehicle control center, where the display board and the instrument group will be combined into a single huge display that will be a standard component in future vehicles. The incorporation of virtual and augmented reality with in-vehicle infotainment frameworks would enhance the market significantly.

MARKET DRIVERS

The growing interest in frameworks that can encourage in-vehicle comfort, entertainment, and relaxation, including on-demand music, cell phone integration, live sound streaming, and other entertainment services, is expected to drive the global in-vehicle infotainment industry development. Automakers are likewise increasingly incorporating such frameworks in their cars, having understood that such features can promptly influence a customer's buying choice.

The rising disposable incomes in emerging economies, especially in the Asia Pacific, are allowing clients to spend on very good quality and luxury vehicles that have all these frameworks embedded. Advances in technology have additionally prompted the introduction of cutting-edge realistic UIs, voice recognition, intuitive touch scscreensand different advantages in these frameworks. All such features look good for the development of the in-vehicle infotainment market over the forecast time frame.

COVID-19 Impact Market

The car and transportation industry is among the most maraffecteddustries to bye the ongoing coronavirus pandemic is as currently between this extraordinary uncertainty. COVID-19 is expected to significantly affect the supply chain and interest in ccarsarea. The industry's concern has progressed from being focused on supply chain interruption from China to the sudden fall in demand for car items. The interest in commercial vehicles is expected to saturate with the closure of all non-essential services. Besides, changes in shopper buying behavior owing to uncertainty due to the pandemic may have genuine ramifications on the near-term development of the industry. Then, liquidity setbacks and money crunch have just affected the sales and marketing of Armada Administrators, which is additionally expected to spread throughout the next few months.

REPORT COVERAGE

SEGMENT ANALYSIS

By Product Insights

The head-up display (HUD) frameworks are expected to be outfitted with augmented reality (AR) innovation, which utilizes a combination of cameras, sensors, Wi-Fi, and GPS to provide dynamic information while driving. Even though such a course of action can help the driver in making informed choices, there are rising worries that more than the required information shown by the framework can also occupy the driver, compromising the security of drivers and travelers.

The extent of the display units is increasing continuously owing to the incorporation of complex sight and sound and security highlights, for example, rearview camera and complete information shows, into these presentations. The screen sizes are supposed to arrive at 7.0 inches and even outperform that breaking point further. Large-sized measured showcase units are costly and can thus be found mainly in premium vehicles. TFT-LCD and AMOLED displays are a portion of the upcoming display advances that are expected to be implemented in infotainment systems.

Navigation frameworks have improved promptly owing to the cloud network, which empowers real-time location detection and allows integration with multiple portable gadgets. Additionally, highlights, for example, geotagging, permit the clients to obtain information on a specific area that has been geotagged through digital photos.

By Installation Insights

In light of the installation, the in-vehicle entertainment industry has been divided into the aftermarket and OEM-fitted. Aftermarket providers of in-vehicle infotainment frameworks offer these items at lower costs, and subsequently, the interest in aftermarket frameworks is likely to increase over the forecast period. The prevalence of aftermarket frameworks is additionally expected to increase as aftermarket frameworks can be modified according to the client's decisions. Besides, the aftermarket providers of in-vehicle infotainment are partnering with manufacturing organizations to bring innovations to their existing products.

OEM-fitted items are often costly. They are likewise normalized and thus offer a lesser degree of customization. They can be purchased through approved sellers and wholesalers. The items offer advantages, for example, simpler and helpful servicing and maintenance, and are regularly covered under the vehicle manufacturer’s guarantee and warranty. OEM-fitted frameworks have the additional advantage of having access to vehicle information, in this manner allowing the firm to carry out marketing campaigns and raise alerts for service and support.

By Application Insights

Passenger cars are increasingly getting acquainted with the utilization of advanced technology in vehicles. Innovations, for example, motion control and voice-based order frameworks for sight and sound, are expected to drive the development of the global in-vehicle infotainment market. The incorporation of these highlights adds to the comfort of the drivers. Simultaneously, the introduction of savvy routes and natural way routing helps in ensuring a more secure excursion., This way, with the development of the in-vehicle infotainment frameworks industry over the forecast period, utilization of infotainment frameworks in business vehicles is especially higher in developed areas of North America and Europe. In these regions, organizations are utilizing these frameworks to deal with their afleetfleet byning constant information regarding the vehicleallocationion. Vehicle proprietors are also tracking fuel utilization by leveraging these frameworks. Different advantages given by these frameworks include tracking the drivers' presentation and identifying the regions of progress.

The growing inclination for implementing a head-up display (HUD) in business vehicles is supposed to drive the development of the business vehicles portion. HUD can especially improve driver well-being in business vehicles. Market members, for example, Continental AG, were among the initial ones to introduce a HUD setup for business autos in 2016. They are additionally looking forward to enormous-scale commercialization.

REGIONAL ANALYSIS

North America is home to the key industry members, and thus the region has taken a lead in the turn of events and selection of cutting-edge in-vehicle infotainment frameworks. The growing inclination for voice recognition frameworks and driver distraction mitigation frameworks is estimated to drive the development of the regional market.

The Asia Pacific regional industry is expected to develop at the most noteworthy rate over the anticipated time frame. The growing amounts of extra cash of customers are especially allowing them to purchase personal vehicles with the most recent features and comforts. The rising demand for premium vehicles in China is expected to add to the development of the Asia Pacific in-vehicle infotainment market. Besides, the increasing appropriation of cell phones combined with the rising interest in in-vehicle infotainment frameworks with cell phone integration innovationexpectedupon to drive the regional market growth over the estimated period.

KEY MARKET PLAYERS

Continental AG, Harman International, Alpine Electronics, Panasonic Corporation, Denso Corporation, Pioneer Corporation, Visteon Corporation, Clarion Corporation, JVC KENWOOD Corporation, Delphi Automotive PLC. These are the market players that are dominating the global in-vehicle infotainment market.

MARKET SEGMENTATION

This research report on the global in-vehicle infotainment market has been segmented and sub-segmented into the following categories.

By Product

• Head-UP Display
• Navigation Systems

By Installation

• OEM Fitted
• Aftermarket

By Application

• Passenger Cars
• Commercial Vehicles

By Region

• North America
• Europe
• Asia-pacific
• Middle East and Africa
• Latin America