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- 10 June 2019 22:05
The Automotive Infotainment System Market In Asia Pacific Is Expected To Register Highest CAGR Of Over 11.5%
Global Automotive Infotainment System Market: Introduction
Automotive infotainment system is installed in cars and are used for enhancing in-vehicle experience. It is used for information and entertainment applications such as vehicle diagnostics, navigation, etc. Automotive infotainment system contains keypads, touchscreen, audio and video interface, and other hardware and software in order to offer comfort and safety to driver in the journey. In-vehicle infotainment uses Bluetooth for controlling the system by physical control, touchscreen, or voice commands. Automotive infotainment system is also can be described as a heterogeneous software and hardware system which is deigned to provides information service and entertainment function to passengers and driver via interactions of various connected devices. The global Automotive Infotainment System Market is estimated to value at nearly US$ 27 Bn in 2019, and is expected to register a CAGR of 11.4%.
Global Automotive Infotainment System Market: Dynamics
Growing car production, coupled with increasing demand for vehicles, especially in developing countries are major factors driving growth of the global automotive infotainment system market. In addition, rising disposable income among individuals and increasing adoption of cars with advanced technological features are other factors expected to support growth of the global automotive infotainment system market to certain extent.
Furthermore, focus of governments on development of industrial sector especially automotive sector various countries is resulting into increasing number of subsidiaries and manufacturing factory location in these countries. Availability of low cost labor and abundance of raw material, especially in Asia Pacific is another factor expected to support growth of the target market over the forecast period. In addition, government regulations in countries for driver’s safety and security is a factor propelling growth of the target market.
Analysis By Segmentation:
The market report has been segmented on the basis of product type, fit type, application, and region. The product type segment includes audio unit, display unit, head-up display, navigation unit, and communication unit. The fit type segment OEM and aftermarket. The application segment includes passenger cars and commercial vehicles. The region includes the North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Product Type: The head-up display segment is expected to register highest CAGR of over 12.3% over the forecast period in the global market
By Fit Type: The aftermarket segment is expected to register highest CAGR of over 11.4% over the next 10 years
By Application: The passenger cars segment is expected to register highest CAGR of over 11.2% over the forecast period in the global market
By Region: The market in Asia Pacific is expected to register highest CAGR of over 11.5% in the global automotive infotainment system market
Global Automotive Infotainment System Market: Competitive Analysis
The research report on the global automotive infotainment system market includes profiles of some of the major companies such as Continental AG, HARMAN International, Panasonic Corporation, Alpine Electronics, Inc., DENSO CORPORATION., Visteon Corporation., Clarion Co., Ltd., Airbiquity Inc., AISIN SEIKI Co., Ltd., and Robert Bosch GmbH
The Global Automotive infotainment system Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global automotive infotainment system market for 2018–2028.
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