Global In-Vehicle Infotainment Market to Reach $ 58 Billion by 2022
Growing automobile sales coupled with
increasing inclination of consumers towards premium infotainment systems to
drive global in-vehicle infotainment market through 2022
According to TechSci Research report, “Global
In-Vehicle Infotainment Market
By Vehicle Type, By System Type, By Sales Type, By Region, Competition Forecast &
Opportunities, 2012 – 2022”, the global in-vehicle infotainment market is projected
to reach $ 58 billion by 2022, backed by rising integration of advanced technologies
into infotainment systems across the globe. Moreover, growing sales of
automobiles, which stood at 69.46 million units in 2016, globally, are expected
to boost demand for in-vehicle infotainment systems through 2022. Rising
consumer preference for advanced and feature-rich infotainment systems which
are capable of providing multimedia functions along with vehicle statistics,
connectivity services, navigation services, etc., is also anticipated to thrive
global in-vehicle infotainment market over the coming years.
Browse 161 market data Figures spread through 245 Pages and an
in-depth TOC on "Global In-Vehicle Infotainment Market"
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By
vehicle type, global in-vehicle infotainment market has been categorized into
passenger car and commercial vehicle segments. Of these segments, passenger car
dominated the market in 2016 and the same trend is anticipated to continue in
the coming years as well, owing to higher sales of passenger cars in comparison
to commercial vehicles across the globe. Growing presence of various companies
such as Harman International, Continental AG, Panasonic Corporation, etc., and
their increasing research & development efforts to manufacture
technologically advanced infotainment systems is likely to intensify competition
in the global in-vehicle infotainment system market in the coming years.
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“With growing consumer preference towards deploying
infotainment systems in their vehicles to remain up-to-date, connected,
entertained and informed, the user base of in-vehicle infotainment systems is
growing at a robust pace across Asia-Pacific, North America and Europe.
Moreover, increasing sales of luxury cars with advanced styling and
infotainment systems is expected to positively influence the global in-vehicle
infotainment market over the course of next five years.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global In-Vehicle Infotainment Market By
Vehicle Type, By System Type, By Sales Type, By Region, Competition Forecast & Opportunities, 2012 – 2022” has analyzed the potential of in-vehicle infotainment
market across the globe, and provides statistics and information on market
size, shares and trends. The report will suffice in providing the intending
clients with cutting-edge market intelligence and help them in taking sound
investment decisions. Besides, the report also identifies and analyzes emerging
trends along with essential drivers and key challenges faced by the industry.
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