"We Envision Growth Strategies Most Suited
to Your Business"

Automotive Infotainment Market to Increase Gradually with a CAGR of 6.47% during the Forecast Period, Integration of Connectivity Features such as In-vehicle Calling and Data Connectivity is Driving Market Growth

June 27, 2023 | Automotive & Transportation

The global automotive infotainment market size is estimated to display strong growth by reaching USD 49.86 billion by 2030. Fortune Business Insights™ in its report titled “Automotive Infotainment Market Size, Share & COVID-19 Impact Analysis, By Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), By Application (Navigation, Media, Communication, Payment Services, and Telematics), By Distribution Channel (OEM and Aftermarket), and Regional Forecast, 2023-2030” observes that the market size in 2022 stood at USD 30.69 billion and is expected to reach USD 32.16 billion in 2023. The market is expected to witness a strong CAGR of 6.47% during 2023-2030. Vehicle’s infotainment system is of digital screen, which controls various aspects such as cabin temperature, media, and information. The automotive industry is one of the evolving industries and with developments in new technologies and advancements in the existing technologies is expected to drive market growth. Integration of connectivity features such as in-vehicle calling and data connectivity is set to propel market development.


LG and Magna announced the Development of Proof of Concept for an Automated Driving Infotainment Solution


In January 2023, LG and Magna announced the development of proof of concept for an automated driving infotainment solution. The concept focuses on enhancing differentiating customer experience. The partnership between the companies will focus in LG’s infotainment capabilities with ADAS system provided by Magna.


Market Witnessed Slowdown in the Rollout of the Product Due to Shortage of Semiconductor Supply


The COVID-19 pandemic affected the automotive industry due to shut down of production and assembly plants. The market witnessed a slowdown in the rollout of the product caused by the shortage of semiconductor supply. However, after the pandemic, the production of vehicles accelerated to recover the losses of the pandemic. The market is expected to grow post-recovery of semiconductor shortage since major OEMs have accelerated R&D efforts to provide consumers with more detailed information on their vehicles.


In-cabin Experience Offered by Major Automotive OEMs to Propel Market Development        


In-cabin experience offered by the major automotive OEMs is predicted to drive the automotive infotainment market growth. The automotive industry is innovating and developing technologies for connectivity and integrating additional data accessibility features into their infotainment to make the journey enjoyable and effortless. The demand for vehicle telematics is set to drive the market growth of automotive infotainment.


However, the risk of data manipulation and code overwriting may lead to fatal vehicle failures, and data hacking of users is expected to hinder market growth. Thus, a robust security system is necessary to prevent data leaks and hacking.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/automotive-infotainment-market-102676


Market Players are Aiming for Collaborations and Partnership Contracts with Major Companies


The manufacturers of the market are Harman International Industries, Inc., Visteon Corporation, Denso Corporation, Robert Bosch GmbH, and LG Electronics. The market players have been aiming for collaborations and partnership contracts with major companies to gain a competitive edge.


Key Industry Development



  • June 2022: BMW Motors announced the incorporation of the android automotive system into their existing and upcoming models. The system will be integrated alongside BMW’s Operating System 8 starting in 2023.


List of Key Companies Profiled in the Report:



  • Harman International Industries, Inc.  (U.S.)

  • Visteon Corporation (U.S.)

  • Aptiv PLC (U.S.)

  • Alpine Electronics  (Japan)

  • Pioneer Corporation (Japan)

  • Panasonic Corporation (Japan)

  • Mitsubishi Electric Corporation (Japan)

  • Continental AG (Germany)

  • KenWood (Japan)

  • Garmin Ltd. (U.S.)

  • LG Electronics (South Korea)

  • FORVIA Faurecia (France)


Further Report Findings



  • The market in Asia Pacific dominated the automotive infotainment market share due to higher production rate of automotive vehicles and parts. The market stood at USD 13.92 billion in 2022.

  • North America is expected to have the highest CAGR due to high adoption of newer automotive technologies within the region.

  • On the basis of vehicle type, the market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. Passenger cars dominated the market in 2022 and is set to have steady CAGR during 2023-2030 due to high demand for passenger cars among urban and suburban commuters. Growing penetration of connected vehicle technology, autonomous driving technology, and electric vehicles is set to create demand for automotive infotainment.  


Table of Segmentation



















































  ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 6.47%



Unit



Value (USD Billion)



Segmentation



By Vehicle Type



  • Passenger Cars

  • Light Commercial Vehicles

  • Heavy Commercial Vehicles



By Application



  • Navigation

  • Media

  • Communication

  • Payment Services

  • Telematics



By Distribution Channel



  • OEM

  • Aftermarket



By Geography



  • North America (By Vehicle Type, By Application, By Distribution Channel)

    • U.S. (By Vehicle Type)

    • Canada (By Vehicle Type)

    • Mexico (By Vehicle Type)



  • Europe (By Vehicle Type, By Application, By Distribution Channel)

    • U.K. (By Vehicle Type)

    • Germany (By Vehicle Type)

    • France (By Vehicle Type)

    • Rest of Europe (By Vehicle Type)



  • Asia Pacific (By Vehicle Type, By Application, By Distribution Channel)

    • China (By Vehicle Type)

    • India (By Vehicle Type)

    • Japan (By Vehicle Type)

    • South Korea (By Vehicle Type)

    • Rest of Asia Pacific (By Vehicle Type)



  • Rest of the World (By Vehicle Type, By Application,  By Distribution Channel)


Automotive Infotainment Market
  • PDF
  • 2022
  • 2019-2021
  • 170

    CHOOSE LICENSE TYPE

  • 4850
    5850
    6850

Our Clients

Airbus
Kpmg
uniliver
Toshiba
Pfizer
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X