Global In Vehicle Infotainment Market Size 2024, Forecast To 2033

The in-vehicle infotainment market size has grown rapidly in recent years. It will grow from $21.72 billion in 2023 to $24.22 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to increasing sales of high-end luxury cars, emerging markets growth, rising demand for passenger cars and high adoption of connected cars. The in-vehicle infotainment market size is expected to see rapid growth in the next few years. It will grow to $37.02 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to government support for automotive sector, increasing demand for autonomous and electric vehicles and growing urbanization. Major trends in the forecast period include technological advancements in automotive infotainment systems, implementation of over-the-air updates for infotainment systems, strategic partnerships and collaborations among market players to improve product portfolio, integration of android operating system in infotainment units, product innovations in automotive connectivity, integration of artificial intelligence (ai) technology in infotainment systems and personalized in-vehicle infotainment systems.