Outlook on the Next-Generation In-Vehicle Infotainment Global Market to 2031 - Featuring Denso, Continental, Panasonic and Pioneer Among Others
DUBLIN, Aug. 11, 2022 /PRNewswire/ -- The "Next-Generation In-Vehicle Infotainment Market - A Global and Regional Analysis: Focus on Component, Vehicle Type, Sales Channel, Operating System, and Region - Analysis and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.
The global next-generation in-vehicle infotainment market was estimated to be at $21.1 billion in 2021, which is expected to grow with a CAGR of 22.1% and reach $155.2 billion by 2031. The growth in the global next-generation in-vehicle infotainment market is expected to be driven by technological advancements in infotainment systems and increasing sales of electric vehicles around the world.
Market Lifecycle Stage
Connected automobiles have access to a wide range of 4G-enabled services (such as telematics, infotainment, navigations, and fleet management). With 5 G's low and controllable latency on the horizon, paired with edge cloud deployments, these services could be taken to the next level in the coming years. Ongoing research and development operations in manufacturing efficient, anti-wear automobiles, as well as rising demand for electric vehicles, are likely to support major market development activities.
The global next-generation in-vehicle infotainment market is in the growth phase. The implementation of next-generation infotainment is increasing in electric vehicles. As a result, the global next-generation in-vehicle infotainment market is expected to flourish in the forecast period.
The global next-generation in-vehicle infotainment market is driven by several factors such as increasing production and sales of passenger cars, rising smartphone penetration, and declining cost of advanced wireless connectivity.
Moreover, increasing awareness regarding the infotainment systems and connected cars and growing safety concerns are expected to increase the adoption of next-generation in-vehicle infotainment systems globally. However, currently, the safety and distraction issues caused by infotainment systems, along with data safety and privacy concerns, are gradually restricting the growth of the market.
Impact of COVID-19
Since the market is predominantly driven by expanding car sales and production, the influence of the COVID-19 epidemic on the global next-generation in-vehicle infotainment market was unavoidable. Due to the repeated lockdowns and shutdowns of manufacturing units, car output and sales grew slowly in various parts of the world during the pandemic.
Recent Developments in Next-Generation In-Vehicle Infotainment
Demand - Drivers and Limitations
Following are the demand drivers for the next-generation in-vehicle infotainment market:
The market is expected to face some limitations too due to the following challenges:
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Some prominent names established in this market are:
5 Markets - Competitive Benchmarking & Company Profiles
6 Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/nj2v6z
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SOURCE Research and Markets