DUBLIN--(BUSINESS WIRE)--The "Automotive Infotainment Market - Global Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global automotive infotainment market is expected to generate revenues of more than $22 billion by 2023 and is expected to grow at a CAGR of over 5% during the forecast period.
The advancement of automobile audio systems resulted in the advent of the infotainment systems or in-vehicle infotainment (IVI) systems. These systems were designed to address the needs of both entertainment and information for the driver and the passengers, thereby, promoting the growth of the global automotive infotainment market. The leading vendors are leveraging advanced technology to introduce sophisticated IVI systems that offer embedded video playing and additional functions such as parking assist, navigation, traffic assistance, control functions, and internet connectivity.
The integration of smartphones and multimedia in these systems will enable key companies to occupy a larger automotive infotainment market size. The adoption of smart infotainment systems that enable a host of multiple applications such as navigation, telematics, and tracking systems will revolutionize the global market.
The growing trend of integrating digital design solutions will encourage the prominent players to launch innovative technological systems in the global market. The development of and launch of advanced interactive entertainment systems will intensify the level of the competition in the global market.
The increasing focus on developing safety systems and the launch of advanced driver assistance systems (ADAS) will propel the growth of the global automotive infotainment market. These innovative systems are already commercially available and gaining immense popularity in the luxury car segment.
The leading OEMs are actively investing in the innovation of effective manufacturing process that helps to reduce the cost of this technology to integrate it in the mid-priced and economy car segment in the global market. The implementation of mandatory safety regulations by various government regulatory bodies across the world will boost the adoption of ADAS systems in the global market. The demand for these innovative systems will create lucrative opportunities for vendors in the global market.
The major vendors in the global market are:
- Alps Electric
- Continental AG
- HARMAN International (Samsung)
- Panasonic Corporation
Other prominent vendors include:
- Kyocera Corporation
- LG Electronics
- Magneti Marelli
- Mitsubishi Electric
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
5 Report Assumptions & Caveats
6 Market at a Glance
8 Market Dynamics
9 Value Chain Analysis
10 Global Automotive Market
11 Global Market Landscape
12 Global Automotive Infotainment Market
13 Market By Product Type
14 Market by Vehicle Type
15 Geographical segmentation
16 APAC: Automotive Infotainment Market
17 Europe: Automotive Infotainment Market
18 North America: Automotive Infotainment Market
19 Latin America: Automotive Infotainment Market
20 MEA: Automotive Infotainment Market
21 Competitive Landscape
22 Key Company Profiles
23 Other Prominent Companies
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