Global Automotive Infotainment Market was valued at US$ 25.8 Billion in 2021 and is expected to surpass US$ 49.9 Billion by 2030, registering a CAGR of 7.5% during the forecast period (2022-2030), according to the Global Automotive Infotainment Market Report, by System (Entertainment System (Audio System & Video System), Connectivity System (Hands Free Call, USB Bluetooth,& Wi-Fi Router) and Driver Assistance(Traffic Message Channel (TMC), Adaptive Cruise Control (ACC) &GPS Navigation System (GPS))), by Vehicle Type (Passenger Car (Compact & Mid-size, Premium, Luxury), Light Commercial Vehicle and Heavy Commercial Vehicle (Buses, Trailers, Trucks) ), by Sales Channel (OEM and Aftermarket) and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) , published by Coherent Market Insights.
Commercial vehicles are used for the delivery of goods, machines, etc., which has witnessed excellent growth in the recent past. Such vehicles need to stay connected and informed about consumer data, weather updates, traffic, and more. Infotainment system provides vital information and makes travel time convenient, productive, and entertaining.
Generally, luxury segment cars are offered with high-performing, personalized infotainment system. Carmakers are offer dashboards, control panels, and entertainment systems according to consumers’ needs. Moreover, some consumers demand special features such as automatic head-up display, voice control recognition, and similar other facilities, which in turn, is expected to pose significant business opportunities for market players over the forecast period.
Global Automotive Infotainment Market - Impact of Coronavirus (Covid-19) Pandemic:
The COVID-19 pandemic has affected the global automotive infotainment market significantly. Lockdown was imposed across the globe as a precautionary measure by governments. This led to temporary suspension of all businesses in the automotive sector. Supply chain operations were disrupted causing a shortage of raw materials and components required for automotive manufacturing. This hampered the demand and manufacturing of automotive infotainment which have wide applications in the automotive sector and hence the global automotive infotainment market witnessed slow growth during the pandemic.
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Key Trends and Analysis of the Global Automotive Infotainment Market: