LONDON--(BUSINESS WIRE)--The global smartphone-based automotive infotainment system market is expected to grow at a CAGR of over 12% during the period 2018-2022, according to a new market research study by Technavio.
The report presents a comprehensive research of the global smartphone-based automotive infotainment system market by technology that includes mirrorlink, carplay, and Android auto. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
Market driver: smartphone-based automotive infotainment systems provide a low-cost navigation solution
Embedded solution is an expensive technology for automotive OEMs to offer in mass-segment vehicles. Automotive OEMs are forced to find low-cost solutions as the demand for navigation increases. The smartphone market is highly dynamic, and it is undergoing rapid technological developments. This has led to robust navigation support in modern smartphones.
According to a senior analyst at Technavio for automotive electronics research, “The availability of low-cost data plans for high-speed connectivity such as 4G services has revolutionized the infotainment industry. This high-speed connectivity is providing systems the capability to remain connected through real-time data transfer and streaming. Consequently, smartphone integration with car dashboards allows automotive OEMs to provide robust navigation support in cars in a cost-effective way.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Market trend: surge in analytics for consumer behavior
There has been an increased demand for infotainment services such as live music and cloud services in recent years because of the rapid development of the smartphone and IT industry. Earlier, the infotainment systems were used to play the media available on the local device. But, the need for internet connectivity and connected cars technology has led to increased demand for connected infotainment systems. The infotainment technology has stepped further by introducing smart infotainment systems that use data analytics-based on inputs such as interactive voice recognition among others.
Market challenge: use of infotainment system may lead to driver distraction
Most of the smartphone-based automotive infotainment systems provide voice-activated function as high-tech safety options. But using these while driving is considered as dangerous as using hand-held devices as these systems are complex to operate compared with using hand-held devices.
Is your business on track for a successful future? Learn how Technavio can help
Technavio helps businesses anticipate changes in their marketplace, make proactive adjustments, and develop effective strategies to optimize their market positions.
Technavio’s best deals of the month!
Celebrate Earth Day and clean energy with Technavio. Get 30% discount on all Energy reports. Offer valid from 12th March - 18th March.
Get 20% off on all Media and Entertainment Services reports. Offer valid only till the 31st of March.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.