FELTON, California,
August 24, 2017 /PRNewswire/ --
The global automotive infotainment market is expected to
reach USD 40.17 billion by 2024
driven by the rising consumer demand for in-vehicle entertainment.
Technological advancement coupled with the rising disposable income
of the population contributing to the huge demand for passenger
cars and other vehicles is expected to play a vital role in driving
market growth.
North America dominated the
global market contributing to 35.2% of the revenues generated in
2016. Rapid adoption of these systems by consumers has resulted in
the presence of a robust market in the region.
Asia Pacific is expected to
show significant growth at a CAGR of 14.7% over the forecast period
owing to the rising consumer income, growing urban population and
increasing sale of luxury cars. Acknowledging above factors, car
manufacturing companies are partnering with audio equipment
manufacturing companies to enhance their cars with high-quality
infotainment products. For example, Toyota has been using
BlackBerry's QNX in their cars for the last four years.
Blackberry's QNX has been the most widely used OS, on account of
its ability to provide automate the car by providing hands-free
calling, mapping, and internet service. However, Linux is expected
to take over the leading position and grow at the fastest CAGR of
32.9% over the forecast period. Preference of open source as it
allows car manufacturers to tweak the module to provide unique
features limited only to a company is expected to augment
growth.
Browse full research report with TOC on
"Automotive Infotainment Market Size and Forecast, By
Vehicle (Passenger Cars, Commercial Vehicle), By Operating System
(Linux, QNX, Microsoft) And Trend Analysis, 2014 - 2024"
at:
https://www.hexaresearch.com/research-report/automotive-infotainment-market
North America was the largest
market in 2016 owing to the high adoption rate of the technology
coupled with consumer preference of an automated car over manual
ones. Moreover, the emergence of mobile phones in the last decade
coupled with the rising number of accidents caused due to
distractions has resulted in a high demand for digitalized and
automated infotainment systems.
Options such as mobile connectivity via Bluetooth, Wi-Fi, USB
ports and cloud data & data storage is expected to fuel the
automotive infotainment market owing to easy consumer access to
daily work. Growing use of navigation system in commercial vehicles
to search for more efficient routes and to save time is anticipated
to be the key drivers in the rising installation of navigation
system which is further expected to fuel the market for automotive
infotainment systems.
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Hexa Research has segmented the global automotive
infotainment market based on vehicle, OS, and region:
Segmentation by vehicle, 2014 - 2024 (USD
Million)
• Passenger cars
• Commercial vehicles
Segmentation by OS, 2014 - 2024 (USD Million)
• Linux
• QNX
• Microsoft
• Others
Segmentation by region, 2014 - 2024 (USD
Million)
• North America
• U.S.
• Europe
• Russia
• Germany
• Asia Pacific and Oceania
• China
• India
• Rest of the World
Key players analyzed
• Harman International
• Denso Corporation
• JVC Kenwood Corporation
• Delphi Automotive PLC
• NXP Semiconductors
• Alpine Electronics Inc.
• Pioneer Corporation
• TomTom International
• Blaupunkt GmbH
• Nuance Communications
About Hexa Research
Hexa Research is a market research and consulting organization,
offering industry reports, custom research and consulting services
to a host of key industries across the globe. We offer
comprehensive business intelligence in the form of industry reports
which help our clients obtain clarity about their business
environment and enable them to undertake strategic growth
initiatives.
Contact:
Michelle T.
Corporate Sales Specialist
Hexa Research
Phone: +1-415-349-0058
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Email: sales@hexaresearch.com
Web: https://www.hexaresearch.com/
SOURCE Hexa Research