What Has Been The Historical And Current Growth Of The In-Vehicle Infotainment Market?
The in-vehicle infotainment market has seen considerable growth due to a variety of factors.
• The market size for in-vehicle infotainment has experienced a swift increase recently. It is expected to rise from $23.82 billion in 2024 to $26.38 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.7%.
The previous growth in this market is linked to factors such as higher sales of luxury automotive, expansion in emerging markets, increased demand for passenger vehicles, and the widespread adoption of connected cars.
What Is The Forecast For The In-Vehicle Infotainment Market By 2029?
The in-vehicle infotainment market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of in-vehicle infotainment is set to experience substantial growth in the impending years, projected to reach a value of $40.15 billion by 2029 with a compound annual growth rate (CAGR) of 11.1%.
This predicted progress over the forecast period can be credited to various factors such as government backing for the automobile sector, the swelling demand for electric and self-driving vehicles, and the rise of urbanization. Key trends in this period are anticipated to be advancements in automobile infotainment technology, the execution of over-the-air updates for these systems, key alliances and collaborations amongst market competitors to enhance their product range, the incorporation of the Android operating system into infotainment units, product developments in vehicle connectivity, the inclusion of artificial intelligence (AI) within infotainment systems, and tailored in-vehicle infotainment setups.
What Are The Essential Drivers Behind The Growth Of The In-Vehicle Infotainment Market?
The surge in sales of premium luxury vehicles is projected to drive the expansion of the in-car entertainment market. These types of cars, produced by top-tier automakers, offer exceptional performance, sumptuous interiors, and exclusive safety and tech features not found in cheaper models. They come loaded with the most up-to-date and innovative entertainment systems ensuring advanced vehicle safety and security. Consequently, a rise in sales of these top-tier vehicles aids market growth. For instance, data from the BMW Group, a manufacturing firm based in Germany, indicated a 10.3% year-on-year increase in sales in the fourth quarter of 2023, with a total of 718,778 units sold. Thus, the growing sales of luxury vehicles are fuelling the in-car infotainment market expansion.
How Is The Globa In-Vehicle Infotainment Market Divided Into Key Segments?
The in-vehicle infotainment market covered in this report is segmented –
1) By Component: Software, Hardware, Services
2) By Services: Entertainment Services, Navigation Services, Communication Services, Vehicle Diagnostics Services, Other Services
3) By Vehicle Type: Passenger Car, Commercial Vehicles
4) By Fitting: OE (Original Equipment) Fitted, Aftermarket
Subsegments:
1) By Software: Operating Systems, Application Software, Middleware, Connectivity Software
2) By Hardware: Displays (Touchscreen, Instrument Cluster), Audio Systems (Speakers, Amplifiers), Control Units (Microcontrollers, Processors), Connectivity Modules (Bluetooth, Wi-Fi)
3) By Services: Navigation Services, Content Services (Streaming, Music), Software Updates and Upgrades, Customer Support Services
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What Trends Are Reshaping The In-Vehicle Infotainment Market?
Advancements in technology are a predominant trend ascending in the in-vehicle infotainment market. Leading corporations in this domain are concentrating on creating innovative technological solutions to solidify their standing. For example, Mitsubishi Electric Corporation, a Japanese firm specializing in electronics and electrical equipment, introduced their groundbreaking infotainment system, 'Inca Jay Digital Cockpit', in August 2022. This unique cockpit boasts features such as real-time voice translating, image processing, and an advanced driver assistance system (ADAS). With near-infrared and driver-facing cameras, the system can scrutinize the driver's face to identify potential problems. Furthermore, its sophisticated ADAS can offer assistance during emergencies and enhance safety measures.
Who Are the Key Players in the In-Vehicle Infotainment Market?
Major companies operating in the in-vehicle infotainment market include:
• Panasonic Corporation
• Alpine Electronics Inc.
• Pioneer Corporation
• Harman International Industries Inc.
• Bose Corporation
• Sony Corporation
• Clarion Co. Ltd.
• Continental AG
• Visteon Corporation
• Denso Corporation
• Garmin Ltd.
• TomTom International BV
• Robert Bosch GmbH
• Mitsubishi Electric Corporation
• Fujitsu Ten Ltd.
• Magneti Marelli S.p.A.
• Kenwood Corporation
• Delphi Automotive PLC
• Valeo SA
• Hyundai Mobis Co. Ltd.
• JVC Kenwood Corporation
• Aptiv PLC
• NXP Semiconductors NV
• NVIDIA Corporation
• Texas Instruments Incorporated
• Apple Inc.
• Google LLC
• Amazon.com. Inc.
• LG Electronics Inc.
• Qualcomm Technologies. Inc.
What are the Regional Insights into the In-Vehicle Infotainment Market?
North America was the largest region in the in-vehicle infotainment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in-vehicle infotainment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
