According to the recent study the automotive infotainment market is projected to reach an estimated $95.6 billion by 2027 from $49.4 billion in 2021, at a CAGR of 11.6% from 2021 to 2027. Growth in this market is primarily driven by increase in the vehicle production, increasing awareness among consumers towards connected car offerings, and growing government concern on driver’s safety and security.
Browse 123 figures / charts and 48 tables in this 188 -page report to understand trends, opportunities and forecast in automotive infotainment market by product type (Navigation, Audio, Instrument Cluster, Display, Accessories, Software Platforms and Telematics), vehicle type (Passenger Car, Light Commercial Vehicles, and Heavy Commercial Vehicles), end user (OEM and Aftermarket) and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Display market is expected to remain the largest segment during the forecast period.”
Based on product type, the automotive infotainment market is segmented into Navigation, Audio, Instrument Cluster, Display, Accessories, Software Platforms and Telematics. Lucintel forecasts that the display market is expected to remain the largest segment due to increasing application of advanced infotainment in vehicles of developing countries.
“Asia pacific will dominate the automotive infotainment market in near future”
Asia Pacific is expected to remain the largest region due to high vehicle production, improvement in the economic conditions and increasing investments by industry players within the APAC region.
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Major players of automotive infotainment market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Continental AG, Panasonic Corporation, Harman International Industries Ltd., Pioneer Corporation, and Alpine Electronics Inc. are among the major automotive infotainment providers.
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