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Technavio’s market research analyst predicts the global commercial vehicle infotainment system market to grow steadily at a CAGR of around 13% by 2021. One of the primary drivers for this market is the rising popularity of smartphone integration with the in-vehicle infotainment system. The demand for in-vehicle connectivity and telematics has led to technological improvements, which aim at enhancing the overall in-vehicle experience for the driver. The evolution of the trend of connectivity in vehicles has resulted in consumers connecting their smartphones and tablets to the vehicle's infotainment systems to access enhanced entertainment and information. For instance, smartphone and tablet interfaces are available for MAN’s MMI Advanced in-dash infotainment system. This rising demand for better user experience has compelled OEMs to collaborate with smartphones and tablet manufacturers to develop better and more advanced infotainment system. Moreover, the ability of smartphones to provide users with a transparent and real-time feedback mechanism to check their driving behavior and vehicle health status is expected to propel the global commercial vehicle infotainment system market during the forecast period.
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The high adoption of infotainment systems in this region has a direct correlation to the high adoption of commercial vehicles. The US and Canada were the major contributors to the commercial vehicle infotainment system market in the Americas. Also, the rapid growth of the LTE network is expected to increase the number of connected vehicles, which in turn is expected augment growth in the global commercial vehicle infotainment system market in the coming years.
The global commercial vehicle infotainment system market is concentrated for the OEMs and moderately fragmented for the aftermarket. Additionally, the market is witnessing the emergence of new players to satisfy the growing demand for the infotainment system. This influx of new player in the market is expected to intensify the market competition in the next four years.
Leading vendors in the market are –
Other prominent vendors in the commercial vehicle infotainment system market include Airbiquity, Clarion, CSR, FUJITSU TEN, Garmin, Parrot Automotive, Bosch, TomTom International, and Visteon.
During 2016, the LCVs segment dominated the commercial vehicle infotainment system market and accounted for a major part of the overall market share. Factors such as the better access to financing and improvement in small business infrastructures are few of the key contributors to the growth of this segment in the global market.
In this market study, analysts have estimated the aftermarket segment to dominate the commercial vehicle infotainment system market during the forecast period. The advantage of the aftermarket to the aftermarket to offer infotainment systems that can be customized as per customer requirement at a significantly lower price is the major attributor to the dominance of this segment in the commercial vehicle infotainment system market.
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With the growing demand for automobiles especially from the developing countries across the globe, the global automotive industry is witnessing considerable growth in both the commercial and passenger vehicle sectors. Since the rising demand for vehicles has resulted in intense competition among the automotive manufacturers, companies have started incorporating their vehicles with advanced technologies including night vision systems, driver assistance systems, and parking sensors to differentiate their vehicles from the competitors’. By considering various parameters such as the shift in consumer preferences, factors challenging the growth of the market, and strategies followed by the suppliers in the industry, research analysts at the global market research firm Technavio provide a comprehensive collection of market research reports that will help clients in the automotive electronics sector improve their sales volume and enhance revenue shares. Additionally, Technavio’s reports also provide information on companies who dominate various regional and global markets for the automotive industry.
To identify the emerging market trends and the industry’s growth prospects, which will help clients develop effective growth strategies, our market research experts follow a mix of proven research techniques and make a detailed analysis of various parameters including technological advancements and the products offered by the leading market players. With detailed information on parameters such as the products and services offered by major competitors and the usage of appropriate analytical tools, our upcoming market research report on commercial vehicle infotainment system for the forecast period of 2017 to 2021 will help clients understand the frequently changing landscape for the automotive electronics sector.
This upcoming report on commercial vehicle infotainment system also considers the growth of the similar markets such as automotive infotainment OS, which is estimated to grow at a CAGR of close to 17% by 2021. Additionally, it also takes into consideration the growth of the automotive infotainment market, which is expected to grow at a CAGR of more than 13% during the period 2016 to 2020. Our analysts predict that the focus of automotive manufacturers to integrate infotainment systems with other systems such as driver assistance systems and telematics to ensure driver safety and comfort will fuel the adoption of commercial vehicle infotainment systems in the coming years. Additionally, the growth of the aftermarket for touchscreen infotainment systems will also drive the adoption of infotainment systems in commercial vehicles in the coming years. To help the domestic and regional vendors and businesses targeting niche segments improve their market positions, Technavio also provides customized reports based on client specifications.
The upcoming industry research report for commercial vehicle infotainment system also identifies the drivers, trends, as well as the challenges currently experienced by vendors in the automotive electronics sector. Additionally, the report also presents insights into the changing competitive landscape, which will give clients a realistic picture of the automotive industry.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by vehicle type
PART 07: Market segmentation by end-user
PART 08: Market segmentation by geography
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
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.
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