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The automotive infotainment systems market share is expected to increase by USD 5.81 billion from 2020 to 2025, at a CAGR of 6.34%.
This automotive infotainment systems market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive infotainment systems market segmentation by application (passenger cars and commercial vehicles), and geography (APAC, Europe, North America, South America, and MEA). The automotive infotainment systems market report also offers information on several market vendors, including Aptiv Plc, Continental AG, DENSO Corp., Garmin Ltd., LG Electronics Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sony Corp., Valeo SA, and Visteon Corp. among others.
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Based on our research output, there has been a negative impact on the market growth during and after post COVID-19 era. The development of low-cost infotainment solutions is notably driving the automotive infotainment systems market growth, although factors such as regulatory interference may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive infotainment systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Infotainment Systems Market Driver
One of the key factors driving the automotive infotainment systems market is the development of low-cost infotainment solutions. The key players in the global automotive infotainment systems market are investing in low-cost offerings. Hardware costs significantly affect the cost of the end product. Therefore, reduced costs associated with infotainment hardware facilitate the development of low-cost infotainment solutions. The cost of display panels has reduced considerably owing to their integration with smartphones and the growth of the global smartphone market. This has facilitated infotainment suppliers to reduce the cost of infotainment systems. Display panels form an integral part of modern infotainment systems. Similarly, smartphones are integrated with technologies like graphics, haptics, and speech recognition that are used in infotainment systems. Also, the availability of low-cost data plans that facilitate high-speed connectivity can revolutionize the global automotive infotainment systems market. Moreover, automotive OEMs, are focusing on reducing the cost of embedded infotainment systems that are integrated into automobiles. The introduction of low-cost infotainment solutions facilitates the increased sale of vehicles that are equipped with infotainment systems. This leads to the growth of the global automotive infotainment systems market.
Key Automotive Infotainment Systems Market Trend
Advances in automotive display systems is another factor supporting the automotive infotainment systems market growth in the forecast period. The advent of automotive navigation, in-vehicle health monitoring, and connectivity systems is driving developments in automotive infotainment systems. Moreover, vendors are using advanced chips, drivers, microcontrollers, and display technologies to offer superior HMI. These developments are expected to drive the market in focus during the forecast period. Furthermore, the suppliers operating in the global automotive infotainment systems market are using advanced chipsets to design and control the high resolution of in-vehicle displays. For instance, in 2018, LAPIS Semiconductor Co. Ltd. and ROHM Co. Ltd unveiled the first automotive chipset in the world to support functional safety in HD display systems. These advanced chipsets are designed to drive and control the HD automotive displays used in the infotainment system and instrument cluster. In addition, the chipset integrated power management integrated chip for superior performance. Moreover, other suppliers are also working on developments and improvements in chipsets to increase the overall performance of automotive infotainment. Furthermore, OEMs are also seen collaborating with vendors for developing advanced in-vehicle digital displays. For instance, Mercedes-Benz has already announced plans to launch cars with OLEDs (developed by LG). Other OEMs, such as General Motors, AUDI, Toyota Motor Corp., and Volkswagen AG, are also working on OLED-based in-vehicle display systems.
Key Automotive Infotainment Systems Market Challenge
Regulatory interference will be a major challenge for the automotive infotainment systems market during the forecast period. Automotive infotainment systems are prone to hacking and information theft. The primary challenge associated with automotive infotainment systems is the passage of malware to other in-car networks. This malware may link in-vehicle infotainment systems to the critical functions of an automobile. By connecting a laptop to the onboard diagnostic port, hackers can control the central functions of the vehicle. The insertion of multiple web applications and the incorporation of Bluetooth in automobiles are associated with multiple security breaches. Such information may lead to the loss of key personal data as well. Furthermore, many organizations such as the Telecommunications Industry Association and the European Telecommunications Standards Institute are focusing on developing security standards for machine-to-machine platforms. The GENIVI Alliance has been working toward the development of regulatory standards for automotive infotainment systems. The Global ICT Standardization Forum for India was set up to develop security standards for the Indian telematics industry. Stringent regulatory interference in the global automotive infotainment systems market negatively impacts the growth curve of the market during the forecast period. Thus, key players in the market ought to adhere to such regulations to survive in the market.
This automotive infotainment systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global automotive infotainment systems market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive infotainment systems market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive infotainment systems market encompasses successful business strategies deployed by the key vendors. The automotive infotainment systems market is fragmented and the vendors are deploying growth strategies such as price and functionality to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive infotainment systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive infotainment systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global automotive components and accessories market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers providers to ensure a sustainable market presence.
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47% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for automotive infotainment systems market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increased consumer demand for advanced in-vehicle technologies will facilitate the automotive infotainment systems market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of the COVID-19 pandemic in the region has slowed down the growth of the automotive industry, thereby negatively impacting the market in focus in APAC. Additionally, the prevailing restrictions on trade between China and a few other countries, such as the US, are compelling Chinese manufacturers to reduce production volumes. This is expected to hamper the growth of the market in focus in the region during the forecast period. Furthermore, many countries in APAC lifted the restrictions on various businesses in the last quarter of 2020. The vendors were then able to resume their routine operations by adhering to the COVID-19 guidelines. Vendors mandated social distancing and restricted the entry of non-essential visitors at their facilities. In-person interactions in workplaces were limited, and daily temperature monitoring was mandated at the entry points. Such initiatives are expected to help vendors remain operational and allow the market to recover slowly during the forecast period. The easing of lockdown restrictions and usage of the COVID vaccines are expected to promote the sales of the automotive infotainment systems in APAC, which will drive the growth of the market in focus during the forecast period.
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The automotive infotainment systems market share growth by passenger car segment during the forecast period. Technological advancements and a global increase in income levels have contributed to the growth of the global luxury vehicles market. A large percentage of luxury cars are integrated with infotainment systems. This, in turn, facilitates the growth of the global automotive infotainment systems market by luxury cars during the forecast period. However, mass-segment cars are expected to be the key contributors to the growth of the market.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive infotainment systems market size and actionable market insights on post COVID-19 impact on each segment.
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Automotive Infotainment Systems Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 6.34% |
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Market growth 2021-2025 |
$ 5.81 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
8.74 |
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Regional analysis |
APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 47% |
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Key consumer countries |
China, US, Germany, Japan, and South Korea (Republic of Korea) |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Aptiv Plc, Continental AG, DENSO Corp., Garmin Ltd., LG Electronics Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sony Corp., Valeo SA, and Visteon Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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