May 13, 2019 (MarketersMedia via COMTEX) -- According to the latest report Global In-Car Infotainment Market, By Component, Vehicle Type, Connectivity, Installation and by Regions with Forecast To 2023, published by Market Research Future, the In-Car infotainment Market To Perceive Exponential Growth By 2023 Registering A Decent CAGR.
Pune, India - May 13, 2019 /MarketersMedia/ --
According to the latest report Global In-Car Infotainment Market, By Component (Hardware, Software), Vehicle Type (Passenger cars, Light Commercial Vehicles, Heavy Commercial Vehicles), Connectivity (V2V, Mobile, Voice Control), Installation (OEM, Aftermarket) and by Regions with Forecast To 2023.
In-Car Infotainment Market Key Players:
The prominent players in the market of In-Car Infotainment are Volkswagen Group (Germany), Ford Motor (US), General Motors Company (US), Harman International Industries (US), Denso Corporation (Japan), Fujitsu Ten Limited (Japan), Visteon Corporation (U.S.), Panasonic Corporation (Japan), BMW (Germany), Delphi Automotive (UK), Apple Inc (US).
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In-Car Infotainment Market Drivers and Restraints:
In-car infotainment is a system that provides information, entertainment, and communication solutions beneficial to the drivers and passengers in the car. The infotainment system has two components; hardware and software. LCDs, GPS, Wi-Fi, and camera are the hardware components and the operating system, application software, and navigation maps are the infotainment system software components. These features enhance the in-vehicle experience of passengers. The rise in popularity of in-car infotainment systems owing to user-friendly features is having a positive impact on the in-car infotainment market growth.
As stated by the Market Research Future report, the in-car infotainment market is expected to witness steady growth by 2022.
Ford's SYNC 3 is an infotainment system that provides user access to the voice navigation and traffic information. SYNC 3 enables the user to keep eyes on the road and hands on the wheels with enhanced voice recognition, climate control, simple music search, and capacitive touchscreen display.
The incorporation of artificial intelligence in the in-car infotainment system, which provides virtual personal assistance with active voice command provides better guidance to the drivers. Alexa is an infotainment system that provide user virtual assistance which reduces the driver distraction.
In-car infotainment is designed to obey voice commands. This feature enables the system to take phone calls, read out messages, and access the internet facilitated content like traffic conditions, sports scores, and weather forecasts. Control units, human machine interfaces (HMI) and operating controls are the high-performance interfaces integrated into in-car infotainment systems.
Global In-Car Infotainment Market Segments Analysis:
The in-car infotainment market is segmented by component, vehicle type, connectivity, installation, and region.
Based on the component, the market is segmented into hardware and software. Hardware is further sub-segmented into the display units and audio units.
Based on vehicle type, the in-car infotainment market is segmented into passenger car, light commercial vehicles, heavy commercial vehicles.
Based on connectivity, the market is segmented into V2V, mobile, and voice control.
Based on the installation, the in-car infotainment market is segmented into OEM and aftermarket.
By region, the market is segmented into North America, Asia-Pacific, Europe, and the rest of the world.
Global In-Car Infotainment Market Regional Analysis:
Market Research Future report asserts that during the forecasted period by 2022, Europe is to dominate the in-car infotainment market. Owing to the increasing demand for in-car infotainment in the automobile industry Europe is expected to hold the largest market share. Europe has made telematics control mandatory in automobiles, including passenger cars. The passenger car is predicted to drive the in-car infotainment market expansion.
North America is expected to exhibit steady growth in the in-car infotainment market. Ford is entering in a partnership with Amazon to make new developments in infotainment systems. General Motors and Apple Inc are working towards enhancing the user experience using infotainment systems.
Asia Pacific is expected to grow fast in the in-car infotainment market owing to the increasing demand for the luxurious car.
The report for Global In-Car Infotainment Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives